'Cloak and dagger' Budget backfires over VAT reclaim
The Government was yesterday urged to abandon the "cloak and dagger approach" sparking undue business alarm over reforms such as the VAT deduction restriction for "major" construction projects.
'Bit of danger' for banks on conveyancing reform
Banks and other mortgage lenders will face "a bit of a dangerous scenario" if reforms rendering all real estate transactions as "void" until recorded are passed by Parliament.
PM: Freedom of Information Act not currently a priority
The Prime Minister yesterday confirmed fully funding the Freedom of Information Act's implementation and other anti-corruption mechanisms is not a priority for his administration which is focused on relieving the cost of living crisis.
PM: 'We've lived up to worker promises'
The Prime Minister yesterday asserted that his administration has “lived up to the promise we made to workers” in the August 2021 pact signed with the two umbrella trade union bodies.
Harbour’s $12m upgrades to help ‘keep prices down’
The Government’s $12.16m investment in restoring Nassau Harbour’s two breakwaters will help stabilise goods prices by minimising weather-related shipping disruption, it was asserted yesterday.
Opposition: Gov’t ‘stripping away fundamental democratic safeguard’
The Opposition’s finance spokesman yesterday accused the Government of “stripping away one of the most fundamental protections in any democratic society” with its proposed Business Licence reforms.
SBDC chair behind ‘newest gem’ East Bay Street marina
The Small Business Development Centre’s (SBDC) chairman is the principal behind a proposed East Bay Street condo hotel and marina project billed as “the newest gem in waterfront living”.
Stopover tourism off 3.3% for early 2025
Stopover tourism arrivals fell by 2.5 percent during March 2025, and finished down 3.3 percent for the year’s first quarter, amid headwinds from growing global economic uncertainty and a later Easter.
‘Right on target’ deficit gives surplus optimism
A Cabinet minister yesterday said the fact the Government is “right on target” to meet the current fiscal year’s $69.8m goal gives it confidence it can generate the forecast Budget surplus for 2025-2026.
Bahamasair in airlift boost through Emirates link-up
Bahamasair has signed an interline agreement with Emirates Airline in a bid to further strengthen The Bahamas’ airlift links to international tourism source markets.
Two-decade old Freeport AC firm expands to Nassau
A Freeport firm has announced its expansion to Nassau following two decades in the air conditioning and refrigeration business.
DPM to lead off Andros Business Outlook event
The deputy prime minister will deliver the keynote address at the 17th Andros Business Outlook conference that will be held on Thursday, June 19, at Andros Lighthouse Yacht Club.
$1m VAT deduction change threat to business expansion
The Government is threatening to undermine economic growth and construction jobs by seeking to slash the VAT that can be recovered on $1m-plus building projects, a top contractor warned yesterday.
Security firm ‘still ignoring the law’ over overtime pay
A Bahamian security firm “continues to ignore the law” on overtime pay rates, the Industrial Tribunal has ruled, in awarding a former employee $33,705 for six years’ worth of outstanding payments.
Bahamas junk exit needs 'massive debt reduction'
The Government needs "a massive debt reduction" to hit one of its key goals for returning The Bahamas to 'investment grade' status by 2028-2029, a senior banker has warned.
