business@tribunemedia.net
FRIDAY, MARCH 15, 2024
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$100m roadworks for Eleuthera revealed By FAY SIMMONS Tribune Business Reporter jsimmons@tribunemedia.net
of Companies and subsidiary company Caribbean Pavement Solutions. This venture is very significant. It will be a major investment for Eleuthera and the Family Islands. “It will also play a critical role in effectively and efficiently providing the necessary materials needed as contractors will take on the monumental task of restructuring, rebuilding, paving, striping and placing cat eyes on the roads across Eleuthera.”
Mr Sweeting said contracts will also be signed with two local companies, Quick Fix Construction and Nu View construction, for road paving and asphalt is expected to be laid in April. He said: “We will also have an official signing contract with Quick Fix Construction and Nu View Construction for the paving of community roads and highways in Eleuthera from Hatchet Bay to Bannerman Town. These two companies our local building companies right
t &SJD (JCTPO +S BJT QSPKFDU BU NJE SBOHF UPVSJTU NBSLFU CLAY SWEETING from the island of Eleuthera that will be engaged throughout the entire process. “Tomorrow’s contract signing will kickstart road construction as asphalt is expected to be laid in April. And I want to reiterate this asphalt not sand and seal. So Eleuthera will be getting
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Central Bank releases bank fees comparison By FAY SIMMONS Tribune Business Reporter jsimmons@tribunemedia.net A COMPARISON of bank fees has been released by Central Bank - showing costs across financial institutions, principally for transactions related to deposit accounts and the maintenance of credit services. For late payments, the regulator considered late fees on credit cards, personal loans and mortgage payments and found
Fidelity to have the lowest costs in all areas, RBC, Scotiabank, and First Caribbean with the highest credit card fees, RBC and RBC FINCO with the highest mortgage late fees and Commonwealth Bank with the highest fees on personal loans. “Fidelity Bank’s costs remained as the lowest in all three categories, while BOB also maintains the lowest charges for late or missed credit card payments. RBC, Scotiabank,
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BAMSI's carefully nurtured strawberries, recently harvested despite setbacks from heavy rains, highlight the institute's dedication to revitalizing local agriculture and ensuring a fresh supply of produce for Bahamian markets.
BAMSI eyes strawberry market THE Bahamas Agriculture and Marine Science Institute (BAMSI) has ventured into strawberry cultivation, eyeing not only a good market but also the opportunity to train Bahamians in harvesting and grading techniques of the berries, BAMSI Farm Manager Ayrett Lightbourne said.
Mr Lightbourne also said there are plans for a possible expansion next year in acreage. He said: “Strawberries were grown here some 25 years ago, but it’s not commonly known. There’s a vast array of crops that Bahamians aren’t familiar with that we are
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Sand Dollar option for payroll at Kamalame Cay PRIVATE island destination Kamalame Cay has turned to digital payments for part of its payroll.. Portland Bain, chief financial officer at Kamalame Cay, who runs a cashless system at the destination off the coast of Andros says roughly 30 percent of the 250 employees
on payroll receive their salary in Sand Dollars. He said: “It prevents mishandling and theft, enhancing security when it comes to financial transactions. Any technology-based product we can use, we will. At this time, it is the Sand Dollar through
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NEW BAHAMA GRILL RENDERING
‘Reimagined’ Bahama Grill to feature 102-room hotel
t #BIBNBT 4USJQJOH BOE $BSJCCFBO 1BWFNFOU ELEUTHERA is to have $100m spent on it in roadDIPTFO GPS QBSUOFSTIJQ works, Minister of Works and Family Island Affairs Clay Sweeting announced t "OESPT DPOUSBDU BMTP yesterday. Speaking at the Office of CFJOH mOBMJTFE the Prime Minister’s weekly press briefing, Mr Sweeting said a public private partnership with the Bahamas Striping Group of Companies and its subsidiary Caribbean Pavement Solutions will be signed today in Rock Sound Eleuthera. He said 163 miles of road will be paved with asphalt and contractors will take on the “monumental task” of rebuilding, paving and striping the roads as well as placing cat eyes. He said: “This is a public private partnership initiative with Bahamas Striping Group
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THE CENTRAL BANK OF THE BAHAMAS
t 1SPKFDU XPVME CSJOH GVMM UJNF KPCT TBZT PXOFS By FAY SIMMONS Tribune Business Reporter jsimmons@tribunemedia.net ERIC Gibson Jr, developer and owner of Bahama Grill on West Bay Street, is seeking approval from the Department of Physical Planning to construct a seven-storey, 102-room hotel complete with a “reimagined” Bahama Grill on the 1.39-acre plot. The construction of the the King’s Court Hotel will run over 18 to 24 months and will see the demolition of existing buildings to facilitate the hotel and 114 parking spaces. Speaking to reporters at last night’s public hearing for the development, Mr Gibson said the project will provide 80 to 100 construction jobs and 150 full-time jobs. He said that the project will catalyse development in the area and will be an energy efficient building that the community can enjoy. “One of the significant things is its going to serve as a catalyst for development in that area. It’s going to restore it, said Mr Gibson. “It’s going to be a place for local immediate local community that they can be proud of, they can work and it’s also going to be community-minded, it’s going to be a high energy efficient building.” He said many existing resorts such as Baha Mar and Atlantis cater to high-end consumers, creating a void in the market for mid-tier consumers. The King’s Court Hotel plans to capitalise on this market and accommodate visitors Mr
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