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PM hails $350m Shipyard move
The prime minister yesterday said the government is working on “a new partnership agreement” with the Grand Bahama Shipyard’s cruise line owners as he hailed their $350m investment in two new dry docks.
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‘Do or die’: Jones has another double double
Grand Bahamian Jonquel Jones posted another double-double to help Bosnia and Herzegovina win their first playoff game to stay alive in the FIBA Women’s EuroBasket Championships.
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BREA chief: Do ‘admirable thing’ for existing deals
The Bahamas Real Estate Association’s (BREA) president says it will be “the admirable thing to do” for the government to “honour” current VAT rates on high-end deals agreed before the budget’s unveiling.
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Junior golfers take home national amateur titles
HEATHCLIFF Kane and Anne Fernandez emerged as the Bahamas Golf Federation’s 2021 National Amateur Golf Championships’ male and female champions.
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PI beach access closed for $250m condo-hotel plan
The Ocean Club’s owner last night said it had closed a popular access route to Paradise Island’s Cabbage Beach out of “safety concerns” as it prepares to begin construction on a $250m condominium-hotel project.
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Union of Central Bankers members walk off the job
MEMBERS of the Union of Central Bankers walked off the job yesterday citing unresolved grievances with management.
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Inflation ‘significant’ threat to post-COVID recovery
Rising inflation poses “a very significant” threat to the speed and strength of The Bahamas’ post-COVID economic revival, a prominent economist warned yesterday, with key building material prices up by double digits.
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Bahamasair sees revenues fall 84%
Bahamasair’s revenues for the ten months to end-April 2021 plunged by 84 percent year-over-year, a Cabinet minister revealed yesterday, with taxpayers set to underwrite its survival via a $60m-plus subsidy.
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‘Major improvements’ needed on bank fees
Almost two-thirds of Bahamian businesses say the fees charged by commercial banks need “major improvements”, according to the findings of a Central Bank survey.
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‘Phenomenal’ tourism pick-up - but still below 2019 levels
A Cabinet minister yesterday hailed the “phenomenal rate of increase” in stopover visitor arrivals as a sign “tourism is bouncing back” even though the industry remains more than one-third below 2019 numbers
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FACE TO FACE: An independent voice on a different path within Christianity
RELIGION in The Bahamas has been dominated by Christian denominations; in fact, about 90 percent of the population ascribes to some form of Christianity. About 30 percent are Baptist, 23 percent are Pentecostal, 14 percent Catholic, 10 percent Anglican, five percent Seventh-Day Adventist, and four percent Methodist. The remainder includes various Christian and non-Christian religions like Greek Orthodox, Rastafari, Baha’i, Jehovah Witness, Muslim, Obeah and Hinduism.
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Govt mulling $1m investment floor for permanent residency
The government is eyeing a $1m minimum for investors to qualify for economic permanent residency by making non-real estate investments in The Bahamas, a Cabinet minister revealed last night.
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Water Corp sees cash collections decline by $6m
The Water and Sewerage Corporation continues to endure COVID-19’s “devastating impact” on cash collections which have decreased by 24 percent or nearly $6m year-to-date, its executive chairman said yesterday.
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Fisheries exports enjoy 19% value increase in 2020
Bahamian fisheries generated a 19 percent increase in the value of its export earnings in 2020 despite a reduction in the volume of domestic landings, a Cabinet minister disclosed yesterday.
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Kalik maker’s loss doubles as revenues decline 15%
Commonwealth Brewery yesterday blamed a 15 percent year-over-year revenue decline for its 2021 first quarter loss more than doubling in comparison to 2020 figures.
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Port’s $31m refinance eliminates tariff rises
Nassau’s major cargo port says it has eliminated the possibility of any tariff rate increase by agreeing a refinancing of its near-$31m preference share debt that will slash interest costs by some $4.5m.
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Ayton and Suns advance to West Finals
A season of historic milestones will continue for Deandre Ayton and the Phoenix Suns in the Western Conference Finals.
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Marlins celebrate rising star ‘Jazz’ Chisholm Jr and Bahamian Heritage Night
THE Miami Marlins celebrated rising star Jazz Chisholm Jr and “Bahamian Heritage Night” at Loan Depot Park with a 4-2 win over the Atlanta Braves.
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PM suggests expanded benefits for those fully vaccinated
PRIME Minister Dr Hubert Minnis suggested on Friday that fully vaccinated people could soon begin experiencing a variety of expanded benefits, including permission to go out at night after the 10pm curfew.
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Tax breaks renewal ‘definition of insanity’
An ex-deputy prime minister yesterday likened the blanket five-year renewal of all tax breaks under the City of Nassau Revitalisation Act as akin to “the definition of insanity”.
