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Special OIympians bring home medals
Team Bahamas’ Special Olympics athletes received a warm celebratory welcome home after amassing four medals at the 2023 Special Olympics Summer World Games in Berlin, Germany.
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Royal Caribbean: PI project aims to retain profits locally
A senior Royal Caribbean executive yesterday pledged that a key objective of its $100m Paradise Island project is to have the bulk of revenues and profits generated remain in The Bahamas.
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Gov't already rejecting work permit renewals
A Cabinet minister yesterday said the Government has already begun rejecting work permit renewal applications for expatriates who have received approvals “consecutively” for the past 10 years or more.
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FACE TO FACE: Reflecting on Independence, remembering George Smith
WHEN George A Smith passed away on May 26, it was a poignant moment in time. The end of one era is at hand, and the dawning of a new era is taking place right before our eyes.
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Davis: GBPA ‘needs a management and governance change’
PRIME Minister Philip “Brave” Davis said he believes new management is needed at the Grand Bahama Port Authority to facilitate Freeport’s growth because the “status quo” is not working.
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PM declares govt to crack down on work permits
PRIME Minister Philip “Brave” Davis said the government would crack down on granting work permits yesterday, declaring: “We’re not anti-foreigners. We’re just pro-Bahamian.”
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PM: Gov’t demanding Port Authority repay excess cost
The Prime Minister yesterday accused the Grand Bahama Port Authority (GBPA) of failing to repay costs the Government has incurred in providing public services in Freeport despite being billed for these expenses.
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PM: COVID lockdown led to employment shrinkage
The Prime Minister yesterday blamed the former Minnis administration’s COVID lockdowns and other restrictions for the shrinkage in the workforce and number of employed Bahamians amid a bitter House of Assembly row.
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Opposition chief warns over bidding ‘suspicion’
The Prime Minister yesterday defended the award of two multi-million dollar contracts amid charges by the Opposition’s leader that handling of the bid process “opens up every company to suspicion”.
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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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Plane used for mail flights to Bahamas has a grisly history
A TURBOPROP plane once used to deliver mail to The Bahamas from Florida has been revealed to have had a grisly history – with political detainees in Argentina having been thrown from the vehicle to their deaths during the country’s 1976-98 military dictatorship.
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BPL confirms load shedding exercises in New Providence
BAHAMAS Power and Light confirmed yesterday that it started load-shedding exercises because of challenges to several power stations in New Providence.
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FTX says ex-official got $1m bonus for permits
An attorney and “former Bahamian government official” was allegedly offered a $1m “bonus” to swiftly obtain the necessary licences so that FTX could move to this nation, it was asserted yesterday.
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PM says Gov't on pace to hit balanced Budget
The Prime Minister yesterday asserted that the Government remains on track to achieve a fiscal surplus and balanced Budget in 2024-2025, adding: "Revenues will continue to go up, and deficits will continue to go down."
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'Most Bahamians can't evade their tax liability'
The Prime Minister yesterday reassured that the Government's real property enforcement efforts are targeted at foreign homeowners and businesses rather than Bahamian families.
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Work permit crackdown promise is 'empty words'
The Bahamian Contractors Association's (BCA) president yesterday branded as "empty words" the Prime Minister’s latest promise of a work permit crackdown and said he will believe it when he sees it.
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Private sector mixed on jobless reduction
Bahamian businesses yesterday gave mixed views over recent unemployment data which revealed that, while the jobless rate declined to 8.8 percent, both the workforce's size and number of persons employed shrank.
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Bahamas Baseball Association’s G-Ball Nationals a success
BAHAMAS Baseball Association secretary general Theodore ‘Teddy’ Sweeting said the G-Ball National Baseball Championships was termed a success over the weekend.
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Unemployment rate drop labelled a 'smokescreen'
The Opposition's finance spokesman last night argued that the 8.8 percent unemployment rate, the lowest for 15 years, is a "smokescreen" that masks the "significant" reduction in the labour force's size and number of working Bahamians.
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'World has changed': IBCs taxed on foreign earnings
Bahamas-domiciled International Business Companies (IBCs) will have to pay tax on their overseas earnings from New Year's Day 2024 in an historic first for this nation, a senior official confirming: "The world has changed."