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Freeport poised to be ‘fastest growing Caribbean economy’

FREEPORT needs Nassau-based investors to help build “critical mass” in a city “poised to be the fastest-growing economy in the Caribbean”, a Port Authority executive asserted yesterday.

Top KC sounds ‘dark side of Bahamianisation’ alarm

A PROMINENT KC yesterday sounded the alarm over the “dark side of Bahamianisation” for breeding mediocrity based on “a sense of entitlement”.

‘Specialist skills dearth’ hurts financial services

A “DEARTH of specialist skills” in the legal and other professions is undermining the Bahamian financial services industry’s competitiveness, a prominent KC warned yesterday.

BPL rates ‘among the highest’ consumers pay in the region

Bahamians are paying “among the highest” electricity prices in the Caribbean even though the base rate is set “below cost” with tariff charges said to be double the global average.

50% fear or pay bribes for building and import permits

Fifty percent of Bahamian companies seeking construction and import-related permits say they have either been asked, or expect, to pay a bribe to obtain the required approvals, it has been revealed.

Cooper defends Prime Minister’s travels, dismisses car controversy

DEFENDING Prime Minister Philip "Brave" Davis' travels yesterday, acting Prime Minister Chester Cooper said former Foreign Affairs Minister Darren Henfield did not travel enough.

STATESIDE – Southcom commander on Haiti intervention: ‘Not right now’

LAURA Richardson is only the second woman to hold 4-star rank in the US Army. And she is the first female commander of the US Southern Command.

‘Ship has sailed’ over Bahamas 15% revisit

THE Bahamian financial services industry’s call to “revisit” the 15 percent minimum global corporate tax is too late because “that ship that has sailed”, a prominent local banker warned yesterday.

‘Crack down on real’ maritime tax evaders

THE Government was yesterday urged to “crack down on the real tax evaders” in the maritime industry as opposed to continually hiking fees on the same compliant businesses that always pay.

Central Bank in multiple exchange control eases

THE Central Bank last night unveiled multiple reforms to further relax The Bahamas’ exchange control regime that it believes will not create any “material” risks for the US dollar peg and wider economy.

Taxi fare increase gazetted - and ministry to meet drivers

THE fare increase for taxi drivers has been gazetted, Minister of Energy and Transport JoBeth Coleby-Davis said yesterday.

More than 200 eviction notices issued in Eleuthera shanty towns

THE Ministry of Works has issued over 200 eviction notices in Eleuthera shanty towns and hopes to post more this week.

Financial group chair to gain trailblazer award

A BAHAMIAN financial institution’s chairman is set to receive the Trailblazer Award at today’s Society of Trust and Estate Practitioners (STEP) Bahamas conference.

Six Senses expecting final approvals by April with construction beginning as early as late summer

SIX Senses Grand Bahama could obtain its final approval from the Department of Environmental Protection and Planning (DEPP) by the end of April, according to the company. Matt Rienzo, chief of marketing and staff at Weller Development Partners, said renderings of the residences in the $10m to $20m price range were released last week.

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