Gov’t ‘not honouring’ industrial agreements
A trade union leader is warning of rising workplace tensions as he accused various government agencies of failing to either “honour” or “execute” industrial agreements.
Bazaar purchase positive but must be piece of wider plans
The Government’s recent decision to acquire the International Bazaar, a significant asset, is a testament to the Prime Minister’s commitment to reviving Grand Bahama.
Gov’t allocates $1m for Royal Oasis deal
The Government has allocated $1m in the 2024-2025 Budget to finance its purchase of the dilapidated Royal Oasis resort with a matching amount for the West Sunrise Highway.
PM: Committee to combat living costs no ‘talking shop’
The Prime Minister has denied that a committee created to help tackle The Bahamas’ cost of living crisis will merely be “a talking shop”.
Taxi chief hails ‘tremendous benefit’ from extra tax relief
The Bahamas Taxi Cab Union’s president has hailed the expanded Excise Tax elimination to cover imported vehicles less than five years-old as “a tremendous benefit” to his members.
Cayman health loss doubles to hit Bahamas First profits
A 149 percent increase in losses incurred by its Cayman health business dropped Bahamas First to $2.293m in comprehensive ‘red ink’ for the 2024 first quarter despite improvements elsewhere.
Broker’s bids to knock out Bahamians’ testimonies
A former Nassau broker/dealer is demanding that Supreme Court depositions given by his former Bahamian executives be barred from evidence at trial because they are “unfair” and unreliable”.
Lucayan sale ‘fantastic’ to counter $1,500 air tickets
Hoteliers yesterday hailed the Prime Minister’s renewed optimism over the Grand Lucayan’s potential sale as “fantastic” given that this is key to lowering $1,500 one-way air fares to the US.
$250m Six Senses developer pledges to ‘go the extra mile’
The developer of Grand Bahama’s $250m Six Senses resort yesterday pledged to “go the extra mile” after receiving a key permit that “opens up the starting line” for construction to begin before year-end.
PM denies Budget forecasts ‘fantasy’
The Prime Minister yesterday denied that the Government’s Budget forecasts are “fantasy” as he asserted that recent monthly fiscal deficits for June were elevated due to paying off outstanding bills.
Gov’t launches voluntary tax compliance initiative
The Ministry of Finance yesterday launched a week-long exercise to assist companies in becoming voluntarily complaint with the taxes and fees owed to various government agencies.
Tourism arrivals up 12.4% despite April stopover fall
Higher spending air visitors declined narrowly in April likely due to the peak Easter holiday weekend falling at end-March, it was revealed yesterday, as total arrivals year-to-date jumped 12.4 percent.
Controversial contracts gain $6.75m financing
The Government will spend a combined $6.75m in the upcoming 2024-2025 fiscal year on two maritime contracts that are central to a whistleblower’s lawsuit and have drawn Opposition scrutiny.
‘So bureaucratic’: Registered agents caught up in VAT evasion crackdown
Bahamian registered agents and offices must starting this year submit annual declarations on all their corporate clients’ real estate deals and holdings as part of a crackdown on VAT evasion.
Port’s ‘serious’ Nassau harbour concern eyes year-end repairs
Nassau’s main commercial shipping port says the “serious” challenge created by deteriorating harbour breakwaters may not be tackled until end-2024 at earliest as the Government ramps up Budget funding.
