Home tax concessions ‘not so earth-shattering’
The Bahamian Contractors Association’s (BCA) president says recently-unveiled first-time home buyer and real property tax concessions are “not as earth-shattering as they seem” and will likely represent “modest good news for a small number of people” in the middle class.
GBPA chiefs avoid jail on water supply order breach
A Supreme Court judge has elected to impose a $6,000 fine, rather than send the directors of Freeport’s water supplier - including several Grand Bahama Port Authority (GBPA) principals - to jail after finding it breached an Order preventing it from disconnecting a condo complex’s services.
DEREK SMITH: Corporate resilience means risk more than compliance
In the 2025 Hiscox Cyber Readiness Report, 33 percent of companies faced fines that damaged their financial health, while 30 percent reported reduced business performance and 29 percent experienced higher costs due to customer notifications resulting from cyber-related risk exposures.
Tax agency targets real property tax registration
A Department of Inland Revenue (DIR) official says there has been a noticeable improvement in business tax compliance in recent years.
Opposition renews demand for tourism levy disclosure
The Opposition’s deputy leader yesterday demanded that the Government provide a full accounting of how the funds collected through the $2 per person tourism enhancement levy have been used.
Vacation rental explosion worsens housing shortage
An over-saturation of Airbnbs and vacation rental properties is continuing to impact both Exuma’s housing market - especially long-term rentals - and its hotels.
NIB income jumps 14% amid $600m COVID cut to reserves
Higher contribution rates will “not secure the National Insurance Fund’s future” by themselves, its director warned yesterday, with its reserves cut by more than $600m over the last six years despite 2025’s 14 percent year-over-year income increase.
Walker: Bahamas is a valued partner, not just another pretty island
US Ambassador Herschel Walker yesterday reaffirmed his country’s ongoing support for The Bahamas in the wake of recent US policy changes, saying the United States does not see The Bahamas as just another pretty island, but as a valued friend and partner.
Bahamasair to temporarily reroute Long Island flights via Stella Maris
Bahamasair has announced a temporary change to its Long Island service due to ongoing upgrades at the Deadman’s Cay Airport terminal and runway.
Former cop cries at guilty verdict
FORMER Police Staff Association chairman Sonny Miller broke down in tears yesterday after being convicted yesterday of smuggling $1.4m worth of cocaine and $34,000 worth of marijuana into Acklins in 2022.
‘ Zero VAT on food as long food as long as PLP in govt’
ECONOMIC Affairs Minister Michael Halkitis said yesterday that Value Added Tax will remain at zero on all unprepared grocery items if the Davis administration is returned to office after the next general election.
DIANE PHILLIPS: Are our greatest fears keeping us from becoming our greatest selves?
WE ARE all afraid.
PM urges shift from recovery to long-term growth at Business Outlook
PRIME Minister Philip Davis yesterday said The Bahamas must move decisively beyond post-crisis recovery and focus on building a diversified, long-term economy, arguing that the country is now operating “from a position of strength.”
ERIC WIBERG: The "other" history of wrecking in The Bahamas
HISTORIAN Jim Lawlor points out in his 2021 study “Wrecked Emigrant Ships in The Bahamas: The Wreck of the Barque William and Mary,” in the Bahamas Historical Society’s International Journal of Bahamian Studies, that Bahamian wreckers are often depicted as rapacious, greedy, and ruthless.
Nassau Village clean-up to include new transfer station
THE Ministry of Environment and Natural Resources has begun a major clean-up exercise in Nassau Village, targeting long-standing illegal dumping sites and announcing plans for a permanent transfer station to curb indiscriminate disposal of waste.
Spanish Wells land owner claims property demolition was illegal
PROPERTY OWNER Blake Pinder has accused government officials of illegally demolishing his family’s property in Spanish Wells, claiming authorities failed to properly engage him despite repeated efforts to regularise the development.
Police recover vehicle used in Bernard Road murder
POLICE have recovered the vehicle used in Wednesday’s murder in Bernard Road as the search continues for the suspects responsible.
Watson: I will step down as GM of ZNS if nominated
PLP aspirant for Southern Shores and ZNS General Manager Clint Watson said last night he would resign from his post if he secures the Progressive Liberal Party’s nomination.
Customs: Enforcement has led to sharp decline in illegal drug shipments found
CUSTOMS officials believe sustained enforcement efforts and joint operations with partner agencies has led to a significant decline in illegal drug shipments into Nassau in recent months.
Man remanded charged with Christmas Eve knifepoint robbery
A MAN accused of robbing another man at knifepoint on Christmas Eve was remanded to prison earlier this week.
