Atlantis, Baha Mar target $8m energy saving by ‘25
Atlantis and Baha Mar are expecting to enjoy a combined $8m in annual energy cost savings by next year amid industry calls yesterday for a further 43 percent slash in electricity rates.
LPIA hit by 900% hike from Water & Sewerage
THE Bahamas’ main airport gateway suffered a 900 percent increase in its Water & Sewerage bills during its 2022-2023 financial term as total utility costs surged by $1.5m year-over-year.
Bahamian business must rise to Amazon challenge
Many do not realise that the retail landscape in The Bahamas is on the verge of a seismic shift.
Amazon free delivery move
Bahamian retailers, courier companies and freight forwarders were yesterday put on alert over a “seismic” competitive threat after Amazon confirmed it is offering ‘free international delivery’ to this nation.
Marinas need ‘quick changes to save our business’ on 20% fall
The Bahamas must “make some changes and quickly if we’re going to save our business” based on “sobering” boating industry feedback, its marina association chief warned yesterday.
Housing crisis solution must ‘break the norm’
The Bahamas must “take some tough decisions and break the norm” to solve its affordable housing crisis, a prominent developer is warning, with rents in some communities now higher than the mortgage payments.
PM: ‘No alarm’ over ten-fold deficit rise
The Prime Minister yesterday asserted there is “no alarm” over the near ten-fold increase in the Government’s fiscal deficit through August as he hit back at the Opposition’s “rudderless ship” claims.
PM: 15% corporate tax will be ‘steep departure’
The Prime Minister yesterday warned that implementing the 15 percent corporate income tax on major multinationals will be “a steep departure” for The Bahamas given that it has no history of such levies.
PM: Second homeowners owe 70% of unpaid property taxes
The Prime Minister yesterday accused wealthy foreign second homeowners of being responsible for 70 percent of all unpaid real property taxes as he hit out at ‘enforcement’ being portrayed as “a scary word”.
DPM slams ‘cynical’ tourism assertions
The Deputy Prime Minister yesterday hit out at the “troubling wave of dismissive and cynical comments” about new tourism projects and concerns that stopover visitors are declining.
DPM blasts ‘fool’s errand’ of video’s crime warning
The Deputy Prime Minister yesterday accused the producers of a widely-circulated video warning tourists not to visit The Bahamas due to high crime levels of “biting the hand that feeds you”.
Minnis: Ex-CCA chief’s special envoy status is ‘very troubling’
An ex- Prime Minister yesterday argued it was “very troubling” that a China Construction America (CCA) executive who played a key role in the Baha Mar dispute has been made a “special envoy” for The Bahamas.
Bahamian group teams for insolvency seminar
A specialist insolvency body is teaming with a Bahamian group to stage a December 10 seminar for corporate restructuring and bankruptcy specialists at Baha Mar.
‘The first step’: Loan requests rebound to pre-COVID volume
Restoring credit applications to pre-COVID volumes is just “the first step” to reversing the $500m pandemic-driven cut in the Bahamian commercial banking industry’s loan book, a senior executive said yesterday.
Gov’t urged: ‘Come clean’ on $133.4m spending hike
The Opposition’s finance spokesman yesterday demanded that “the Government must come clean” over the $133.4m spending jump that drove a near ten-fold deficit surge for the two months to August.
