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DEVELOPER MOVES TO AVOID EARLY 'MISS' AT EX-GINN PROJECT
By NEIL HARTNELL Tribune Business Editor The Canadian-based developer for the former $4.9 billion Ginn project's real estate component yesterday said it would suffer "a very severe blow" if it did not get the next phase right, having shifted the developm
DEVELOPER MOVES TO AVOID EARLY 'MISS' AT EX-GINN PROJECT
By NEIL HARTNELL Tribune Business Editor The Canadian-based developer for the former $4.9 billion Ginn project's real estate component yesterday said it would suffer "a very severe blow" if it did not get the next phase right, having shifted the developm
Nipped in the Bud: Brewery reversal over 40-year tie-up
Commonwealth Brewery yesterday suffered a reversal as the Court of Appeal sided with Budweiser’s global parent in the dispute over the termination of their 40-year Bahamian distribution deal.
ArawakX full wind-up sealed without a fight
THE Bahamas’ first-ever crowd funding platform’s fate was yesterday sealed without a fight after its former principals effectively consented to its liquidation amid claims of a near-$4m insolvency.
Central Bank in multiple exchange control eases
THE Central Bank last night unveiled multiple reforms to further relax The Bahamas’ exchange control regime that it believes will not create any “material” risks for the US dollar peg and wider economy.
‘Specialist skills dearth’ hurts financial services
A “DEARTH of specialist skills” in the legal and other professions is undermining the Bahamian financial services industry’s competitiveness, a prominent KC warned yesterday.
BTC cell tower sale to help finance 5G
The Government wants “part of the proceeds” from the sale and leaseback of all the Bahamas Telecommunications Company’s (BTC) 345 cell tower sites to be reinvested in improving services and 5G technology.
REBELS RUN AWAY WITH BATTLE 4 ATLANTIS TITLE: Coach Yo - first Bahamian coach to win the crown - and Ole Miss make history
The University of Mississippi Ole Miss Rebels pulled off a decisive 60-49 win over the University of Michigan Wolverines in the championship round of the third Bad Boy Mowers Battle 4 Atlantis women’s tournament yesterday at the Imperial Arena, Paradise Island.
‘Incredibly difficult’ for middle class to ever purchase home
Middle class Bahamians will find it “incredibly difficult to ever get a home”, developers and realtors warned yesterday, with financing and other hurdles constantly being raised that “little bit higher”.
Albany chief faces ‘largest insider trading’ fine for decade at $50m
THE Bahamas-based billionaire who led Albany’s development will pay “the largest financial penalty for insider trading in a decade” at $50m after he yesterday pleaded guilty to perpetrating a securities fraud.
200 jobs through Ocean Club’s $400m expansion
The Ocean Club’s upcoming $400m expansion will create 200 full-time jobs once the development is fully completed in 2027, the project’s partners have revealed.
Eric Wiberg – Nylon stockings, parachutes and wreckage found on Acklins of a B-26 Bomber
Women who donated her nylon stockings to the US war effort might not know they often became parachutes, four of which floated to earth and sea over Acklins. After Ralph Stevens rolled out of a doomed bomber, spraining ankle and knee, it was given to a family of six children in Pompey Bay, by the resident commissioner, Chauncy Tynes.
UBS House deal gives ‘concern’ on Govt’s SPV use
The FNM’s deputy leader has expressed fears that the Government is “not being fully transparent with the Bahamian people” over its debt liabilities, after its multi-million dollar UBS House acquisition finally closed.
Stellar: Waste plant cost cut by one-third
Stellar Energy yesterday slammed critics of its proposed waste-to-energy plant at the New Providence landfill as “Monday morning quarterbacks”, disclosing that capital investment costs had been cut by more than one-third.
Olympian Jamal Wilson dominates in high jump
WHILE there were no additional CARIFTA qualifiers, Kyle Alcime improved on his performance in the under-20 boys’ high jump, becoming the latest Bahamian to soar over the 7-foot barrier, in the Roadrunners’ 11th annual Dianne Lynn Thompson Classic.
'Bail like hell' to rescue $570m spending spree
The Bahamas was yesterday urged to “bail like hell to rescue the ship” after it was revealed that the Christie government’s $570 million spending spree dwarfed the VAT-led revenue rise.K P Turnquest, the Deputy Prime Minister, told Parliament there w
Water Corp chair warns: Restructuring is coming
The Water & Sewerage Corporation will likely follow other utilities in right-sizing its workforce through voluntary separations, its chairman revealing yesterday: “All options are on the table.”
DPM pledges 'most stringent controls' on ownership registry
THE Deputy Prime Minister yesterday promised that the proposed Beneficial Ownership registry will have “the most stringent controls”, amid industry concerns over the lack of prior consultation. K P Turnquest told Tribune Business that it was “not an
Bahamas ‘on probation’: 17-step action plan cure
The Government has detailed a 17-step ‘action plan’ to strengthen the Bahamas’ anti-money laundering regime, with a top regulator describing this nation as “on probation” over increasing weaknesses.
INSIGHT: Climate change is coming and we have to prepare - now
A STARTLING new report says harmful effects of climate change will be experienced at a lower temperature than previously anticipated, all while the world runs out of time to do something about it.
