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Reform Series Conclusion: ‘We are the problem.’
We must confront an uncomfortable truth: we, the people, are the root of the problem. As citizens of The Bahamas, it’s high time we face our shortcomings and acknowledge the urgent need for sweeping reforms across critical sectors of our society.
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Eric Wiberg – Nylon stockings, parachutes and wreckage found on Acklins of a B-26 Bomber
Women who donated her nylon stockings to the US war effort might not know they often became parachutes, four of which floated to earth and sea over Acklins. After Ralph Stevens rolled out of a doomed bomber, spraining ankle and knee, it was given to a family of six children in Pompey Bay, by the resident commissioner, Chauncy Tynes.
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Buccaneers take the gold in soccer
New Providence sweeps both divisions in 6th Bahamas Games
The New Providence Buccaneers continue to steamroll the competition in the various sporting disciplines with soccer being the latest in the Bahamas Golden Jubilee Games.
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‘Nothing to lose’ on 5% corporate tax
A Bahamian financial services provider yesterday argued that this nation should smash “conformity” by adopting a low-rate 5 percent corporate income tax, asserting: “We have nothing to lose.”
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Reserves hit $2.9bn on Gov’t borrowing boost
The Bahamas’ foreign currency reserves expanded by almost $169m in May due to a boost from the Government’s external borrowing activities as they closed the month at near-$2.9bn.
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Bahamian accountant calls for Caribbean united front
A Bahamian accountant has called on the Caribbean to adopt a united front over how mandatory environment, social and governance (ESG) reporting standards will be embraced in regional laws and regulations.
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Stopover tourists strike 94% pre-COVID levels
TOTAL air arrivals to The Bahamas in May hit 94.2 percent of pre-COVID’s 2019 high, the Central Bank revealed yesterday, with overall visitor numbers for the first five months of 2023 some 68 percent ahead of last year.
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WORLD VIEW: CARICOM at 50: there is still hope
JULY 4, 2023 marks the 50th anniversary of the signing of the Treaty of Chaguaramas, the foundational document that brought the Caribbean Community and Common Market (CARICOM) into existence. With high hopes and lofty ambitions, the heads of government of the four largest independent Caribbean countries at the time embarked on a journey towards regional integration. They were later joined, to varying degrees of commitment, by 10 other countries.
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CAC Games: Bahamas water polo team splits the first two matches
THE Bahamas water polo team split their first two games over the weekend as they began competition in the 24th Central American and Caribbean Games in San Salvador, El Salvador.
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Escalating GBPA row ‘disaster for Freeport’
The Grand Bahama Chamber of Commerce’s president yesterday branded the escalating row between the Government and Grand Bahama Port Authority (GBPA) as “another disaster for Freeport” that must be calmed rapidly.
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Licensee fury: Freeport ‘moving at snail’s pace’
Freeport’s ease of doing business is “moving at a snail’s pace”, a group of Grand Bahama Port Authority (GBPA) licensees warned yesterday, as they blasted both the Government and city’s authority for the escalating row over its governance.
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PM told: ‘Stop throwing rocks’ at Port Authority
A group of Grand Bahama Port Authority (GBPA) licensees plans to intervene in its escalating dispute with the Government as the Prime Minister was yesterday urged to “stop throwing rocks and come to the table”.
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Businesses call for rapid transition to renewables
Bahamian businesses yesterday called for a more rapid transition to solar and other forms of renewable energy after Bahamas Power & Light (BPL) confirmed that it has resumed load shedding.
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GBPA: Gov’ts financial demands are ‘contested’
The Grand Bahama Port Authority (GBPA) yesterday hit back at the Government’s financial demands as the Opposition’s leader warned his party will “vigorously resist” any bid to “supersede” Freeport’s founding treaty without consultation.
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GBPA wants evidence of govt claims over debts
THE Grand Bahama Port Authority defended its management of Freeport yesterday after Prime Minister Philip “Brave” Davis criticised its performance, saying increasing bureaucracy and red tape from the government have held the island back.
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Bank urges ‘level playing field’ creation for lending
A BISX-listed bank is calling for regulatory reforms that will create a “level playing field” between supervised and non-traditional lenders over providing credit to Bahamian borrowers.
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RF fund's $120m excess is 'good problem to have'
A Bahamian investment bank says its largest mutual fund is receiving investor subscriptions as fast as it can invest them, branding the situation as "a good problem to have".
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Davis Cup: Bahamas stays in Zone III
THEY were not the results that they wanted, but veteran player/captain Marvin Rolle said it was better than being relegated from American Zone III to zone IV (four) in the Davis Cup competition.
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Govt's $61m surplus for quarter to March
The Government ran its third consecutive monthly fiscal surplus in March as the calendar year's traditionally revenue-rich first quarter saw revenues exceed spending by more than $60m.
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NIB rate increase called 'absolute balancing act'
A senior hotelier yesterday urged the Government to be "judicious" with the size of future National Insurance Board (NIB) contribution rate increases as he described the situation as "an absolute balancing act".
