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IDB approves US$60 million conditional credit line for Bahamas sustainable development projects
April 04, 2024
IDB approves US$60 million conditional credit line for Bahamas sustainable development projects
NASSAU, BAHAMAS — The Inter-American Development Bank (IDB) has approved a US$60 million Conditional Credit Line for investment projects that aim to foster sustainable development in the Bahamas. The initiative seeks to jump-start micro, small, and medium-sized enterprises (MSMEs) within the country's blue economy, which, as per IDB estimates, accounts for 21.5 percent of the [...]
First phase of $15 Million Lucayas solar power project on Grand Bahama set for commissioning at month's end
April 04, 2024
First phase of $15 Million Lucayas solar power project on Grand Bahama set for commissioning at month's end
NASSAU, BAHAMAS — Inti Corporation, a Bahamian provider of renewable energy solutions engaged to construct and operate the $15 million Lucayas Solar Power project on Grand Bahama Island, has announced the upcoming commissioning of its Fairfield solar site scheduled for the end of this month. The Fairfield solar site represents the first utility-scale solar or [...]
FOCOL extends $25 million rights offering deadline
April 03, 2024
FOCOL extends $25 million rights offering deadline
NASSAU, BAHAMAS — FOCOL has announced the extension of its $25 million Rights Offering, initially set to close on March 22, 2024, now extended to Friday, April 5, 2024, due to the offering not yet being fully subscribed. The BISX-listed petroleum products supplier launched the rights offering in late February exclusively for current shareholders of [...]
External reserves see $111 million boost in February
April 03, 2024
External reserves see $111 million boost in February
NASSAU, BAHAMAS — The country's external reserves increased by just over $100 million in February, according to the Central Bank. According to the Central Bank's Monthly Economic and Financial Development report for February, the country's external reserves rose by $111.1 million to reach $2,843.7 million during the review month, extending last year's $105.4 million accretion. [...]
March 28, 2024
Water Corp owed its supplier nearly $30 million at the end of 2023
NASSAU, BAHAMAS — The Water and Sewerage Corporation (WSC) found itself owing nearly $27 million to its BISX-listed water supplier by the close of 2023, with approximately 80 percent of that sum labeled as "delinquent." In its annual year-end 10-K filing with the US Securities & Exchange Commission (SEC), BISX-listed Consolidated Water disclosed that CW-Bahamas' [...]
$7.5 Million in Cocaine Seized
March 26, 2024
$7.5 Million in Cocaine Seized
MAYAGUANA, BAHAMAS - A Brazilian man believed to be in his late thirties is in police custody following a drug bust in Mayaguana.
Baha Mar: Multi million tax boost
January 31, 2011
Baha Mar: Multi million tax boost
By ALISON LOWE
Business Reporter
alowe@tribunemedia.net
The Government yesterday received a multi-million tax windfall as Baha Mar executives confirmed that all approvals and closures had been received to finally permit the "immediate launch" of their $2.6 billion Cable Beach resort development.
While he declined to specify the amount paid, Robert Sands, Baha Mar's senior vice-president of gove...
Expanded Reverse Osmosis Plant Will Supply 12 Million U.S. Gallons of Water per Day to Water and Sewerage Corporation
February 03, 2011
Expanded Reverse Osmosis Plant Will Supply 12 Million U.S. Gallons of Water per Day to Water and Sewerage Corporation
George Town, GRAND CAYMAN -
Consolidated Water Co. Ltd.
(NASDAQ: CWCO), which develops and operates seawater desalination
plants and water distribution systems in areas of the world where
naturally occurring supplies of potable water are scarce or nonexistent,
today announced that it has entered into a binding letter agreement
with its customer, the Water and Sewerage Corporation ("WSC"), to...
March 19, 2024
$15 Million Dollar Road Work Project Set For Eleuthera
ELEUTHERA - The island of Eleuthera is one step closer to having smoother, safer roads.
March 19, 2024
Ground Broken On $1 Million Dollar Long Island BAMSI Facility
LONG ISLAND, BAHAMAS - Bahamas Agricultural Marine Science Institute broke ground for a new one-million-dollar research and training facility on Long Island dubbed Earth Village.
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