Critics of $975m public-private partnership pledge misinformed, says Minnis

NASSAU, BAHAMAS – Prime Minister Dr Hubert Minnis yesterday sought to clarify what he labeled as confusion and misinformation surrounding the $1.5 billion in pledges raised for restoration efforts post-Dorian. More than 300 local and international delegates attended the United Nations Development Program (UNDP) pledge conference at the Baha Mar resort on Monday. Among the […]

Shell exec: Bahamas could be LNG bunkering ‘front runner’

NASSAU, BAHAMAS- The Bahamas could become a ‘front runner’ in liquified natural gas (LNG) bunkering by leveraging the infrastructure to be developed via its agreement with Shell North America. Shell executives who were present at the Bahamas Business Outlook conference yesterday noted that this could provide tremendous economic benefits for The Bahamas. LNG bunkering is the process […]

BPL chairman admits ‘terrible’ customer service quality

Company to build ‘state of the art’ customer service centre NASSAU, BAHAMAS- Bahamas Power & Light’s chairman Dr Donovan Moxey yesterday admitted candidly the company’s customer service quality is ‘terrible’. Moxey was addressing the Bahamas Business Outlook conference at the Baha Mar resort. He said: “We know some of our customers are frustrated with us. […]

Motorcyclist dies after traffic collision

NASSAU, BAHAMAS – Police are investigating the circumstances of a traffic collision that claimed the life of a motorcyclist on Wednesday night. Police have not released the victim’s identity; however, loved ones identified the deceased as Jermaine Forbes. His death is the first traffic fatality in the capital, and the second in the country for […]

Davis: No need for intl. contractors, Bahamians can do the work

NASSAU, BAHAMAS – Progressive Liberal Party (PLP) Leader Philip Brave Davis yesterday said it would be unfair for international contractors to receive contracts for post-Hurricane Dorian reconstruction, when Bahamians are capable of doing it. Davis’ comments come after Prime Minister Dr. Hubert Minnis revealed that reconstruction efforts post-Dorian may require international contractors.  “It will not […]

P3 pledge deal still in infancy stages, says Sands

NASSAU, BAHAMAS – Minister of Health Dr Duane Sands yesterday stressed the public private partnership proposed by The P3 Group Inc for restoration efforts post-Dorian was still in the infancy stage. The company has pledged $975 million under a lease purchase agreement that could see it owning whatever project it invests in until the government […]

Titan Balanced Fund reports impressive growth in first quarter

NASSAU, BAHAMAS – Investar Securities Ltd. yesterday reported that its Titan Balanced Fund achieved a return on investment of 5.38 percent in its first quarter of operation. The firm underscored results are ‘setting the tone’ to exceed its projected 10 percent ROI per annum. “We are pleased with the Titan Balanced Fund’s impressive performance right […]

McCartney encourages govt. to move swiftly on cannabis decriminalization

Former DNA leader says Bahamians should have “huge interest” in cannabis industry NASSAU, BAHAMAS — Former Democratic National Alliance (DNA) Leader Branville McCartney has encouraged the government to move “posthaste” to decriminalize cannabis in The Bahamas. McCartney insisted there is a huge potential to stimulate the Bahamian economy and create new entrepreneurs in a new […]

More questions than answers over $975m pledge

NASSAU, BAHAMAS- A top private sector exeutive said that while he is ‘absolutely in favor of public-private partnerships’ (PPPs) the recent $975 million pledge by the P3 Group raises more questions than answers. The US-based commercial real estate and public-private partnership (PPP) specialist pledged almost two-thirds, or $975 million, of the $1.5 billion pledged at […]