BTC: Eleuthera sabotage was an ‘extortion’ attempt
The Bahamas Telecommunications Company (BTC) yesterday asserted that its fibre optic cables serving Eleuthera were deliberately cut in a bid to extort money from it over a land dispute.
‘Pressure cooker’ race to meet audit deadlines
Bahamian accountants and many companies were yesterday said to be caught in “a pressure cooker environment” as they race to meet imminent Business Licence and regulatory audit deadlines.
Aviation ‘stability’ threat over exam requirement
PILOTS are voicing fears that “the stability and efficiency” of Bahamian aviation will be “undermined” if regulators press forward with plans to mandate they pass an exam for which many are ill-prepared.
Opposition: $437m revenue increase ‘does not add up’
THE Government’s forecast $437m revenue jump for the upcoming 2024-2025 fiscal year represents an increase eight times’ greater than the pace of economic growth according to Budget numbers.
BPL working to complete ‘key’ repairs to generation this week
BAHAMAS Power and Light (BPL) officials said they are working to complete repairs this week on “several key assets” at its Clifton Pier power station to increase power supply in New Providence after a series of power outages this month.
Sebas shuts Aeropost business
SEBAS Bastian last night said his Aeropost logistics business is closing its Bahamas operations because this is the only one of its 30-plus territories “where we did not experience material growth”.
‘Live up to promises’ on CLICO compensation
THE Government was yesterday urged to “live up to its promises” to fully compensate CLICO victims after zero funds were allocated for this in next year’s Budget and successive fiscal years.
Banking sector maintains stable, little growth trend
BAHAMIAN employment in the banking sector increased modestly at the expense of expatriates in 2023 although the industry’s overall economic impact largely remained flat year-over-year.
‘Mean business’ over 40% uninsured cars
A “SHOCKING” 30-40 percent of the vehicles on Bahamian roads are either uninsured or not properly covered, a lead insurance broker has estimated, as he backed the Government’s bid to overhaul traffic laws.
Marinas urge ‘rogue crack down’ with fee increases
Bahamian marinas yesterday urged the Government to “crack down on rogue” operators and private docks as it moves to introduce jetty, mooring and groin fee increases of up to “20 percent”.
Gov’ts ‘cat and mouse game’ against wealthy tax evaders
A Cabinet minister yesterday said the Government is engaged in “a cat and mouse game” with wealthy tax evaders as it races to plug loopholes and secure the Bahamian people’s money.
Disney to beat local worker pledge by 30% at new port
Disney Cruise Line executives yesterday said they will exceed the number of full-time Bahamian jobs they pledged to create at their new south Eleuthera destination by 30 percent.
IDB warns Bahamas over due $900m external loans
The Bahamas still faces significant financing risks given that it is due to repay $900m in foreign currency loan principal over the next two years, a multilateral lender has warned.
$500m swing in forecast prompts call for answers
The Government has completely overturned its medium-term Budget projections by forecasting a more than half-a-billion dollar swing that will drive it to a $448.2m fiscal surplus at end-June 2026.
High-end real estate’s VAT underperform ‘shocking’
The Prime Minister’s assertion that the Government has collected just 8 percent of its VAT target for high-end real estate sales was yesterday branded “shocking” by industry professionals.
