Business

BusinessApril 17, 2024 at 4:20 am Jayson Braynen

Business

Three Day VIP Experience for Heineken Coachella Winners

NASSAU, BAHAMAS — Commonwealth Brewery Limited (CBL) has chosen two lucky winners to receive coveted VIP tickets to the 2024 Coachella Music Festival. In February, the Heineken team launched an island-wide enter-to-win competition. To enter to win the grand prize, consumers simply had to purchase a 6-pack of any Heineken product from participating stores, and […]

NASSAU, BAHAMAS — Commonwealth Brewery Limited (CBL) has chosen two lucky winners to receive coveted VIP tickets to the 2024... read more »

April 17, 2024 at 4:20 am | Jayson Braynen

BusinessApril 17, 2024 at 4:20 am Natario McKenzie

Business

Petroleum retailers “nearing the finish line” in talks with government says association’s vice-president

NASSAU, BAHAMAS — Petroleum dealers and the government have moved “beyond the stalemate and are nearing the finish line” in their discussions, according to Vasco Bastian, Vice-President of the Bahamas Petroleum Dealers Association. He noted that they are confident in the current status of those talks. Bastian told Eyewitness News that while nothing has materialized as […]

NASSAU, BAHAMAS — Petroleum dealers and the government have moved “beyond the stalemate and are nearing the finish line” in... read more »

April 17, 2024 at 4:20 am | Natario McKenzie

BusinessApril 17, 2024 at 4:18 am Natario McKenzie

Business

Judge refuses application by former MP and judge, citing failure to first purge contempt

NASSAU, BAHAMAS — A Supreme Court judge has refused an application by a former judge and Member of Parliament accused of failing to return over $3 million to a former client, noting that she was not prepared to hear it until he had purged his contempt of court. Senior Justice Deborah Fraser ruled against hearing […]

NASSAU, BAHAMAS — A Supreme Court judge has refused an application by a former judge and Member of Parliament accused... read more »

April 17, 2024 at 4:18 am | Natario McKenzie

BusinessApril 17, 2024 at 4:15 am Natario McKenzie

Business

Former SkyBahamas chief slams “fake case” following fraud claim dismissal

NASSAU, BAHAMAS — Former SkyBahamas chief executive Captain Randy Butler has slammed what he described as a “fake case” brought against him by the defunct airline’s former financier after a Supreme Court judge ruled that the Canadian businessman had failed to prove fraud allegations against him and former Deputy Prime Minister K. Peter Turnques Butler, […]

NASSAU, BAHAMAS — Former SkyBahamas chief executive Captain Randy Butler has slammed what he described as a “fake case” brought... read more »

April 17, 2024 at 4:15 am | Natario McKenzie

BusinessApril 17, 2024 at 4:10 am Natario McKenzie

Business

Old Fort Bay developer secures win in legal battle with homeowners’ association, celebrates hard-fought victory

NASSAU, BAHAMAS – The developer of Old Fort Bay is celebrating what it describes as a significant and hard-fought legal victory after the Court of Appeal sided with it in a contentious and prolonged legal battle against the Old Fort Bay Property Owners Association. The developer, The Old Fort Bay Company Limited, represented by attorney […]

NASSAU, BAHAMAS – The developer of Old Fort Bay is celebrating what it describes as a significant and hard-fought legal... read more »

April 17, 2024 at 4:10 am | Natario McKenzie

BusinessApril 16, 2024 at 4:02 am Natario McKenzie

Business

Judge dismisses fraud allegations against former DPM and ex-Sky Bahamas CEO

NASSAU, BAHAMAS — A Supreme Court judge has ruled that Canadian businessman Fred Kaiser failed to prove fraud allegations against former Sky Bahamas CEO and former Deputy Prime Minister K. Peter Turnquest while determining that the latter breached his statutory fiduciary duty and duty of care and diligence. Kaiser had accused Messrs Tunrquest and Butler […]

NASSAU, BAHAMAS — A Supreme Court judge has ruled that Canadian businessman Fred Kaiser failed to prove fraud allegations against... read more »

April 16, 2024 at 4:02 am | Natario McKenzie

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BusinessApril 15, 2024 at 4:07 am Natario McKenzie

Business

URCA fines BTC $209k over number portability rules violations, company to appeal

NASSAU, BAHAMAS — The Bahamas Telecommunications Company (BTC) last night said that it plans to appeal a $209,000 fine imposed by the Utilities Regulation and Competition Authority (URCA), calling it “unwarranted and excessive.” The Bahamas Telecommunications Company (BTC) was hit with a fine for violations against the regulator’s number portability rules back in 2022, a […]

NASSAU, BAHAMAS — The Bahamas Telecommunications Company (BTC) last night said that it plans to appeal a $209,000 fine imposed... read more »

April 15, 2024 at 4:07 am | Natario McKenzie

BusinessApril 15, 2024 at 4:03 am Natario McKenzie

Business

Tourism Minister says cruise segment surge not just pent-up demand

NASSAU, BAHAMAS — The Bahamas’ cruise segment continues to see strong demand, evidenced by its 43 percent growth rate, according to Deputy Prime Minister Chester Cooper, noting that with the industry’s performance still strong three years post-pandemic it can no longer be attributed to merely pent-up demand. Speaking on the sidelines of the recent Sea […]

NASSAU, BAHAMAS — The Bahamas’ cruise segment continues to see strong demand, evidenced by its 43 percent growth rate, according... read more »

April 15, 2024 at 4:03 am | Natario McKenzie

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BusinessApril 12, 2024 at 2:42 pm Linton Ritchie Jr

Business

Agri-Business Expo Relaunches After 5-Year Hiatus, Workshops Available For Locals

NASSAU, BAHAMAS – The Agri-Business Expo has been relaunched after a five-year hiatus, allowing local agricultural vendors and farmers to display their locally grown fruit and vegetable products. Minister of Agriculture and Marine Resources Jomo Campbell underscored the importance of the initiative during his keynote address at the opening ceremony for the event held […]

NASSAU, BAHAMAS – The Agri-Business Expo has been relaunched after a five-year hiatus, allowing local agricultural vendors and farmers... read more »

April 12, 2024 at 2:42 pm | Linton Ritchie Jr

BusinessApril 12, 2024 at 4:08 am Natario McKenzie

Business

BOIPB executive director urges greater stakeholder collaboration to address ongoing challenges

NASSAU, BAHAMAS _ The Executive Director of the Bahamas Out Island Promotion Board is advocating for greater collaboration among tourism stakeholders in the family islands while stressing the importance of proactive engagement over the continued reliance on government intervention, noting, “Let’s not just sit around and complain.” Kerry Fountain, in an interview with Eyewitness News, […]

NASSAU, BAHAMAS _ The Executive Director of the Bahamas Out Island Promotion Board is advocating for greater collaboration among tourism... read more »

April 12, 2024 at 4:08 am | Natario McKenzie

BusinessApril 12, 2024 at 4:05 am Natario McKenzie

Business

Disgraced FTX co-founder to file notice of appeal over conviction and 25 year prison sentence

NASSAU, BAHAMAS — Disgraced former FTX CEO Sam Bankman-Fried, who was convicted of fraud and conspiracy and sentenced to 25 years in prison in one of the largest financial fraud cases in US history, is launching an appeal against his convictions and prison sentence. An attorney for Bankman-Fried, 32, filed a notice of appeal on […]

NASSAU, BAHAMAS — Disgraced former FTX CEO Sam Bankman-Fried, who was convicted of fraud and conspiracy and sentenced to 25... read more »

April 12, 2024 at 4:05 am | Natario McKenzie

BusinessApril 11, 2024 at 4:07 am Natario McKenzie

Business

Davis dismisses criticism of GBPA standoff impact on investor confidence

NASSAU, BAHAMAS — Prime Minister Philip Davis has dismissed criticism regarding the government’s ongoing standoff with the Grand Bahama Port Authority (GBPA), challenging the disparity in investment distribution across the islands, particularly the lack of focus on Freeport. Davis made these remarks while inspecting progress on vital infrastructure projects in downtown Nassau, accompanied by Works […]

NASSAU, BAHAMAS — Prime Minister Philip Davis has dismissed criticism regarding the government’s ongoing standoff with the Grand Bahama Port... read more »

April 11, 2024 at 4:07 am | Natario McKenzie

BusinessApril 11, 2024 at 4:04 am Natario McKenzie

Business

Disney Cruise Line to host final job fair for Lighthouse Point destination with employment to exceed HOA commitment

NASSAU, BAHAMAS — Disney Cruise Line is set to host its final job fair ahead of its opening of its Lookout Cay at Lighthouse Point this June, with its employment to exceed its Heads of Agreement (HOA) commitments and having tripled the number of construction jobs. Disney will host its final job fair leading up […]

NASSAU, BAHAMAS — Disney Cruise Line is set to host its final job fair ahead of its opening of its... read more »

April 11, 2024 at 4:04 am | Natario McKenzie

BusinessApril 11, 2024 at 4:03 am Natario McKenzie

Business

North Andros Chamber seeking to bolster digital payment education amidst banking decline

NASSAU, BAHAMAS — The President of the North Andros Chamber of Commerce says that the chamber is exploring the possibility of hosting an educational expo to raise awareness and provide guidance on digital payments, assisting residents in transitioning away from traditional banking systems, which have shown signs of decline and may not maintain a presence […]

NASSAU, BAHAMAS — The President of the North Andros Chamber of Commerce says that the chamber is exploring the possibility... read more »

April 11, 2024 at 4:03 am | Natario McKenzie

BusinessApril 11, 2024 at 4:01 am Natario McKenzie

Business

Town Planning Committee seeking further information from Paradise Island Yacht Club developers

NASSAU, BAHAMAS — The Town Planning Committee believes additional information is required from the developers proposing the renovation and expansion of the Paradise Island Yacht Club before deciding on their application, according to its Chairman attorney Keenan Johnson. Johnson confirmed to Eyewitness News that the committee has not reached a Decision regarding the application submitted […]

NASSAU, BAHAMAS — The Town Planning Committee believes additional information is required from the developers proposing the renovation and expansion... read more »

April 11, 2024 at 4:01 am | Natario McKenzie

BusinessApril 10, 2024 at 4:02 am Natario McKenzie

Business

Norweigan Cruise Lines proceeding with $150 million two-berth pier project at Great Stirrup Cay

NASSAU, BAHAMAS — Norwegian Cruise Lines (NCL) is moving forward with a significant $150 million investment in a two-berth pier at Great Stirrup Cay in the Berry Islands, with plans to commence construction this summer. Harry Sommer, President/CEO of NCLH, announced this and other developments at the ongoing Sea Trade Cruise Conference in Miami Beach, […]

NASSAU, BAHAMAS — Norwegian Cruise Lines (NCL) is moving forward with a significant $150 million investment in a two-berth pier... read more »

April 10, 2024 at 4:02 am | Natario McKenzie

BusinessApril 10, 2024 at 4:01 am Natario McKenzie

Business

Carnival Cruise Line reveals Bahamian retail portal for Celebration Key

NASSAU, BAHAMAS – Carnival Cruise Line has revealed that its forthcoming exclusive destination on Grand Bahama Celebration Key will encompass a retail portal named Lokono Cove, with help from a Grand Bahama resident. Lokono Cove emerged as the winning entry from a community-wide competition bolstered by the support of the Ministry for Grand Bahama and […]

NASSAU, BAHAMAS – Carnival Cruise Line has revealed that its forthcoming exclusive destination on Grand Bahama Celebration Key will encompass... read more »

April 10, 2024 at 4:01 am | Natario McKenzie

BusinessApril 9, 2024 at 4:03 am Natario McKenzie 1

Business

Grand Bahama attorney blasts government’s GBPA takeover attempt, warns of protracted arbitration proceedings

NASSAU, BAHAMAS — A prominent Grand Bahama attorney has vehemently criticized the government’s attempts to seize control of the Grand Bahama Port Authority (GBPA, asserting that such actions could lead to three to five years of arbitration proceedings, consequently deterring potential investors. He also cited the lack of investment and development beyond the port area […]

NASSAU, BAHAMAS — A prominent Grand Bahama attorney has vehemently criticized the government’s attempts to seize control of the Grand... read more »

April 9, 2024 at 4:03 am | Natario McKenzie | 1

BusinessApril 8, 2024 at 4:59 am Natario McKenzie 1

Business

‘PAY UP’: PM claims “very strong case” for $357 million demand from GBPA

NASSAU, BAHAMAS — Asserting that the Grand Bahama Port Authority (GBPA) has not been living up to its legal obligations to develop and grow the economy in Freeport, Prime Minister Philip Davis says that the government has a “very strong case” to demand $357 million – which covers the last five fiscal years. Prime Minister […]

NASSAU, BAHAMAS — Asserting that the Grand Bahama Port Authority (GBPA) has not been living up to its legal obligations... read more »

April 8, 2024 at 4:59 am | Natario McKenzie | 1

BusinessApril 8, 2024 at 4:55 am Natario McKenzie 1

Business

WAR OF WORDS: GBPA rips govt’s debt claims as Freeport finger-pointing continues

GBPA says it has been “systematically handcuffed” by central government policies and legislation over decades NASSAU, BAHAMAS — The Grand Bahama Port Authority has warned against the government’s efforts to “force” a sale of the Port Group, expressing concerns over the significant damage it could inflict on the Freeport economy, while strongly refuting the claim […]

GBPA says it has been “systematically handcuffed” by central government policies and legislation over decades NASSAU, BAHAMAS — The Grand... read more »

April 8, 2024 at 4:55 am | Natario McKenzie | 1