Doctor hails VAT slash on medicines, supplies
A well-known doctor has hailed the Government’s decision to slash the VAT rate by 50 percent for medicines and medical supplies as “a step in the right direction” to making healthcare more affordable.
CIBC touts $1.5bn in infrastructure funding
CIBC Caribbean executives said the bank has arranged more than $1.5bn in transactions to aid infrastructure and private sector projects throughout the Caribbean in the past year.
Gov't seeking new GB airport funding sources
The deputy prime minister yesterday asserted it is "regrettable" that funding for Grand Bahama International Airport's redevelopment has yet to be secured as the Government seeks new financing sources.
DPM eyes Sandals' Exuma progress as tax row eases
The deputy prime minister yesterday said the "substantial" resolution of Sandals' tax dispute with the Government will pave the way for the $100m transformation of its Exuma property into a Beaches resort.
Berry Islands on brink of 'awesome' revival
Optimism is rising that Great Harbour Cay's 50-year economic stagnation is on the brink of an "awesome" reversal with the Fender family agreeing to sell all their land and other assets to a new developer.
Briland tourism partner slams 'baseless' claim
The US partner in a Briland tourism business yesterday slammed allegations that he "preyed" on young Bahamians to 'front' for him as "baseless".
Taxpayers to foot 96% of new hospital’s $2.2bn needs
Bahamian taxpayers will seemingly have to shoulder 96 percent of the second New Providence hospital's $2.2bn-plus revenue needs via Public Hospitals Authority (PHA) subsidies over a 30-year period.
Royal Caribbean hires four Bahamian managers for PI
Royal Caribbean has appointed four Bahamian managers to the leadership team for its $165m Royal Beach Club development on Paradise Island ahead of its December 2025 opening.
Bahamian non-profit to fill ocean’s ‘data gaps’
A Bahamian ocean scientist says she has launched a locally-domiciled non-profit dedicated to uncovering, documenting and conserving the waters of the Caribbean region.
Coconut-branding franchise unveils its Bahamas launch
A coconut-branding franchise has teamed with a Bahamian non-profit to announce its launch in this nation.
DM pledges to minimise straw vendor disruption
The deputy prime minister yesterday pledged to minimise disruption for vendors amid planned infrastructure upgrades for the Bay Street Straw Market.
Gov’t asserting union ‘misinterpreted’ policy
The Government yesterday suggested there has been a “misinterpretation” of its policy amid union claims that it is seeking to reduce the vacation allowance for members entitled to five weeks’ leave annually.
Bahamian suppliers mixed over lumber price changes
Several Bahamian building material suppliers yesterday said they have seen a drop in lumber prices and are passing the lower costs on to their customers following similar decreases in the US.
Grand Lucayan staff pay delayed over severance
Grand Lucayan employees did not receive due salary payments on Friday due to a hold-up with potential termination payouts and which workers will be retained by the resort’s potential new owners, Tribune Business was told.
Labour chief told sister’s ex-worker: ‘No money for you’
The Government’s former labour chief told a terminated worker “there’s no money for you” when she pursued her legal rights to obtain due severance pay from her ex-employer - his sister.
