Local Business


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Gov’t ‘not just dictating’ over work permit policy

The Chamber of Commerce’s labour division chair has hailed that the Government is “not just dictating” over plans to develop a national policy to govern the issuance of work permits in The Bahamas.

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Rejected Ginn buyer settles COVID fraud

The Government has rejected a US hotel group, which last week agreed to pay $325,000 in sanctions to settle COVID fraud allegations, as a buyer of the 2,012 acre former Ginn development in Grand Bahama’s West End.

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FNM chair: VAT health claims change ‘insane’

The FNM’s chairman yesterday branded the proposal to change the VAT treatment of health insurance claims as “absurd, insane and inane”, warning that it will “destroy” the medical sector if implemented as originally planned.

Super Value saves $400k through warehouse solar

SUPER Value’s president says it has slashed its annual energy bill by $400,000 through installing solar panels on its warehouse and is now seeking to roll-out renewable energy at all its 13 stores.

Businesses seek $8.1m in renewables financing

BAHAMIAN businesses have requested a collective $8.1m in financial assistance to help them acquire renewable technologies and energy efficient equipment, it has been revealed.

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Crypto revival


The current plight of the banks brings back memories of the 2008 financial crisis. Calls for alternatives are getting louder. Bitcoin supporters are feeling encouraged.

Beware cutting-off ‘rocking and rolling’ private aviation

A Bahamas Flying Ambassador yesterday warned this nation not to follow Mexico and Costa Rica by “killing the goose that lays the golden eggs” when outsourcing management of multiple airports to private operators.

Wynn: 12-storey project will be ‘elegant addition’

A Goodman’s Bay developer yesterday pledged that its second phase 12-storey penthouse complex will be an “elegant addition” to the West Bay Street skyline.

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GB Power secures ‘best solar rate in Caribbean’

Grand Bahama Power Company believes it has obtained “the best rate in the Caribbean” with its first solar energy deal with an independent provider, its top executive has revealed.

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Increasing $136m outbound transfers cause for ‘concern’

The Bahamas has “reason to be concerned” about the “growing trend” of outbound money transfers that hit $136m in 2022 as it represents incomes that are lost to this nation, it was argued yesterday.

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$1BN PLAN ‘BIGGER THAN BAKER’S BAY’: Former NFL star part of ten-hotel, 10,000-acre San Salvador scheme

A developer yesterday disclosed it is seeking to develop a “bigger and more exclusive” version of Baker’s Bay on 10,000 acres of San Salvador land through a $1bn investment over the next five years.

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IAN FERGUSON: How to engage millennial staff

Millennials make up a sizeable percentage of today’s workforce. They come with a plethora of skills, strengths and, yes, special needs. This week’s column focuses attention on ways to keep these valuable team members consistently engaged.

‘Point taken’ over Auditor General’s independence

A CABINET minister yesterday said “the point is taken” after Opposition senators yesterday questioned whether legal reforms interfere with the Auditor General’s constitutional independence to safeguard taxpayer monies.

Cat Island firms: Airport revival is ‘long overdue’

CAT Island business owners yesterday hailed the “long overdue” $17m upgrade of New Bight’s airport as a potential catalyst for increased tourism and economic activity.

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Bahamian whistleblower accused of ‘fabrication’

A Bahamian whistleblower has this week been accused of “fabricating” evidence critical to a case brought by US federal regulators against a former Nassau-based broker/dealer.