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Bran: 'I didn't see BEC reforms coming'

The Democratic National Alliance's (DNA) leader has admitted to being taken by surprise by the Government's energy reform plans.

FNM: BTC deal is a betrayal

PRIME Minister Perry Christie’s announcement of a new BTC deal was a “shameful and cynical betrayal of his campaign promise”, the FNM said yesterday.

$39m Abaco port to start in two months

CONSTRUCTION work on North Abaco’s new $39 million port is expected to begin in two months, island residents were told at a Town Meeting earlier this week.

Pro boxing returns with ‘Caribbean Showdown’

PROFESSIONAL boxing is expected to return to the Bahamas at the Kendal Isaacs Gymnasium next Friday night when Sports Nutrition Products Bahamas Limited is all set to stage a “Caribbean Showdown” between the Bahamas and Jamaica.

Battle 4 Atlantis relocates to U.S.

The Bahamas’ sports tourism product continues to suffer from the fallout of the COVID-19 pandemic with several major events on the local calendar relocated or postponed. The latest casualties were Complete Sport Management’s Battle 4 Atlantis presented by Bad Boy Mowers and bd Global’s Islands of the Bahamas Showcase. Both events will be relocated to respective locations in the United States.

Contractors Association: No Baha Mar woe reports yet

Senior Bahamian Contractors Association (BCA) executives say they have yet to receive reports of local construction companies not getting due payments for work done on the $3.5 billion Baha Mar project.Senior Bahamian Contractors Association (BCA) executives say they have yet to receive reports of local construction companies not getting due payments for work done on the $3.5 billion Baha Mar project.

Atlantis 'domino effect' failing to materialise

The hotel union’s president says the hoped-for “domino effect” from Atlantis announcing its July 7 re-opening has failed to materialise after Baha Mar delayed its own comeback and warned of “staff reductions” to come.Darrin Woods, the Bahamas Hotel,

80% Baha Mar vendor payout by tomorrow

Baha Mar’s creditor payout committee believes it will “have dealt with” about 80 per cent of Bahamian vendor and contractor claims by tomorrow, as it explores ways to “speed up” the process.

City Markets: Choose pension or severance

The $2.5 million remaining from the sale of its leasehold interests will not be enough to fully compensate City Markets’ creditors, its principal revealed yesterday, adding that by law the company’s former employees were not entitled to receive both their severance pay and pensions.

Gov’t owed ‘at least’ $59m by Baha Mar

Baha Mar allegedly owes the Government “at least” $59 million in unpaid taxes, fees and utility bills, including monies due to the National Insurance Board (NIB) and for work permit fees.

Bahamas failing to ‘leverage internet into innovation’

The Bahamas is “failing to leverage the internet’s full potential to drive entrepreneurship and business innovation”, industry regulators are asserting.

BTC's $56m capital spend 'largest ever'

The Bahamas Telecommunications Company’s (BTC) $56 million capital investment spend for this year is its largest ever, as it moves to address dropped mobile calls and prepare for this market’s full liberalisation.

Wynn's 300 building jobs to 'far outweigh' environment impacts

A $100m, 14-storey Goodman's Bay penthouse complex will create 300 construction jobs and generate benefits "that far outweigh" the touted limited environmental impact, it has been pledged.

Realtors reject $1m investment threshold

The Bahamas Real Estate Association’s (BREA) president yesterday confirmed realtors had rejected doubling the permanent residency investment threshold to $1 million, amid indications the Government may press ahead with the increase regardless.

Developer urges: Don’t ‘destabilise’ residency market via $1m mark

A Bahamian developer is urging the Government not to suddenly “destabilise” the real estate market through plans to change the permanent residency threshold, expressing concern for his $60-$70 million in active sales.

CWC: $25m BTC deal 'price worth paying'

Cable & Wireless Communications (CWC) decided that $25 million was “a price worth paying” for peace with the Bahamian government, a London-based analyst yesterday describing their deal as “an elegant resolution”.

Work stopped at The Pointe

FORMER Deputy Prime Minister Brent Symonette yesterday called for the country’s executive leadership to resign after it was revealed that developers of the $250m The Pointe resort had overstepped approved works and were issued a stop order from the Ministry of Works.

Izmirlian and two governments

On the face of what we hear, neither the PLP nor the FNM are willing to take responsibility on parts of the process for the approval and execution of Baha Mar, although they were at their time the sole exclusive authority.

Davis: Deal in works over $21m Baha Mar payment

WORKS Minister Philip “Brave” Davis confirmed yesterday that a possible deal is in the works between the government and Baha Mar to pay the $21m owed to the resort to cover the government’s portion of costs for roadwork associated with the development.

Roberts responds to Ingraham from hospital bed

THE following statement was issued by PLP chairman Bradley Roberts from his hospital bed in response to yesterday’s speech by former Prime Minister Hubert Ingraham.

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