Union leader urges PM: Be ‘man of your word’ on pensions reform
The Bahamas Out Island Promotion Board’s president yesterday branded new and increased boater fees as “a botch” that needs to “be rescinded immediately” amid ongoing visitor “uproar”.
Health moving to address GB medical waste issues
The Ministry of Health is in negotiations to address the potential dangers caused by the transport of hazardous medical waste through the purchase of an incinerator.
Cultivation centres close to completion
Cultivation centres in New Providence and Eleuthera are in the final stages of development with Eleuthera's Hatchet Bay location set to be completed by the end of the 2025-2026 fiscal year.
Minister defends $2.25m sunken vessel allocation
A Cabinet minister has defended the Government's decision to allocate $2.25m in the 2025-2026 Budget to the removal of sunken vessels from Potter's Cay and elsewhere in The Bahamas.
Royal Caribbean to fill 150 PI posts by summer's end
Royal Caribbean's top Bahamas executive says the cruise line is targeting summer's end to fill 150 posts at its Paradise Island beach club with the second round of recruitment currently underway.
FNM to slash yacht tax rate 'highest in Caribbean-Atlantic'
The Opposition yesterday pledged to slash a yacht charter tax rate, which the industry has branded "the highest in the Caribbean-Atlantic region", by more than 70 percent in percentage terms if elected.
'Huge relief' as the Gov't drops 'void' coveyances
Attorneys have branded the Government's abandoning of legal reforms that would have treated unrecorded real estate deals as "void" as "a huge relief".
Boater backlash on fee increases plus ID install confusion
Marinas in the northern Bahamas have been hit with multiple cancellations due to a combination of boating industry uproar over new and increased fees plus confusion over planned legal reforms.
Bill ‘may revive Moorings deal’
The Opposition voted against the Maritime Revenue Unit Bill over fears it will revive the previously-abandoned Bahamas Moorings deal under the guise of statute legislation.
BISX market expansion plans ‘are still on track’
The Bahamas International Securities Exchange’s (BISX) three key initiatives to expand the capital markets are “still on track”, its top executive said yesterday, with two set to launch “in the next few months”.
Water Corp covers just 50% of its bills
The Water & Sewerage Corporation generates just 50 percent of the revenue needed to cover its bills, a top manager admitted yesterday, as Andros residents warned of a Crab Fest “nightmare overload”.
Andros resorts must be ‘brain surgeon’ to manage logistics
Andros resort and fishing lodge operators yesterday asserted “you have almost have to be a brain surgeon” to manage supply chain logistics with costs having jumped 25-40 percent “in the past year”.
Growing fly fishing's $150m impact hit by 25% guide loss
The Bahamas has lost 25 percent of the certified guides that are critical to maintaining its status as the world's "premier warm water fly fishing destination", it was revealed yesterday.
‘Monumental’ $1.067bn bond generates ‘best deal’ question
The Government’s $1.067bn bond refinancing was yesterday hailed as a “monumental transaction” that requires further explanation to determine if The Bahamas got “the best deal” possible.
Realtors compared to ‘plane in holding pattern’ on VAT move
The Bahamas Real Estate Association’s (BREA) president yesterday likened the profession to “a plane circling in a holding pattern” as it waits to see if the Government will alter proposed tax evasion curbs.
