‘Last resort’: URCA licensees ‘flouting’ annual fee payment
Communications providers have been reassured by regulators that revoking their licence for non-payment of fees “is a penalty of last resort” given that “many have flouted the obligation” to pay what is due.
PM: Talks ongoing over who builds LNG pipeline
The Prime Minister yesterday said talks are continuing over who will construct the pipeline to transport liquefied natural gas (LNG) to the new Blue Hills power plant as he denied the energy sector is being “divested”.
‘Made in Bahamas’ trademark unveiled
The ‘Made in The Bahamas’ trademark certification was launched yesterday in a bid to “drive and promote” local goods and services both domestically and in overseas markets.
PM: Lucayan buyer must ‘meet our requirements’
The Prime Minister yesterday said talks with the Grand Lucayan’s potential purchaser have been “fruitful and progressive”, but added that the Government’s “requirements” must be met to seal a deal.
‘Innovation’ need for peak traffic at LPIA
The Government’s aviation chief yesterday said traffic congestion at peak arrival/departure times is creating a “misconception” The Bahamas has outgrown its main airport gateway ahead of a $200m upgrade.
‘Very serious tax concerns’ for Exuma’s ‘crown jewel’
A high-end Exuma project was warned both developer and homeowner properties would be sold-off unless “very serious concerns” over multi-million real property tax liabilities were resolved.
Real estate purchases ‘held hostage’ over VAT demands
Real estate transactions are being “held hostage” by frequent Department of Inland Revenue (DIR) challenges to sales prices as it bids to maximise taxes, an Opposition MP is charging.
No UK ‘droves’: Bahamas told to ramp up promotion
The Bahamas must be “a bit more aggressive” in promoting its advantages, realtors are urging, with “the droves” of wealthy families expected to move from the UK yet to materialise.
Vehicle importer loses negligence claim on Road Traffic Act breach
A Bahamian vehicle importer’s negligence claim against an insurance broker has been dismissed after the Supreme Court found he committed at least one Road Traffic Act violation.
Consumer protection ‘double edged sword’ for contractors
The Bahamian Contractors Association’s (BCA) president says resolving the “huge amount of ambiguity” surrounding construction contracts will help slash consumer complaints about the sector.
Minister hits back on $60m Glass Window Bridge cost
A Cabinet minister yesterday dismissed a predecessor’s assertion that the now-$60m price tag for reconstructing Eleuthera’s Glass Window Bridge is “frightening”.
Paint retailer opens its new site five years after Dorian
Freeport-based Paint Fair has moved into its newly-refurbished 8,000 square foot location some five years after its previous home suffered 10 feet of flooding in Hurricane Dorian.
VAT ‘jeopardy’ for real estate deals
Realtors yesterday warned that an increasing number of property deals are being put “in jeopardy” by the Department of Inland Revenue (DIR) challenging the sales price on which VAT is calculated.
‘Impossible’: Borrowing triple Resorts World’s building cost
Bimini Bay’s original developer says it is “impossible” for the project to have borrowed $795m to construct its 300-room hotel and casino because actual costs were less than one-third of this sum.
WhatsApp ‘scam’ uses former Senator’s image
Police yesterday issued a new alert after scammers seemingly sought to use an image of ex-Senator Quinton Lightbourne and Bahamas Power & Light (BPL) to gain access to victims’ social media accounts.
