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‘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.

Act amendment mandates boat insurance

AMENDMENTS to the Boat Registration Act that passed the House of Assembly yesterday mandates that boat owners have a comprehensive insurance policy and outlines inspection requirements and registration fees.

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.

Bahamas wants 2,000 more hotel rooms for ‘good footing’

THE Bahamas’ prospects for continued tourism growth depend on bringing 2,000 hotel rooms, or 15 percent of its total pre-COVID inventory, back on line swiftly with the industry at “maximum capacity”.

Opposition urges air fees ‘legal challenge’

THE Opposition’s leader last night argued that the fees imposed by the air freight terminal’s new private operator should be “challenged legally” as he questioned the Prime Minister’s silence on the issue.

No ‘monopoly pricing’ through $25m air freight terminal deal

THE Government will not permit “monopoly pricing” by the private operator of Nassau’s air freight terminal, its top finance official asserted last night, as he pledged to make the deal a “win-win-win” for all.

URCA independence fear over director terminations

CABLE Bahamas is urging the Government to reform the law so as to preserve the Utilities Regulation and Competition Authority’s (URCA) independence and reduce its costs.

PM unveils vision for African financial links

THE Prime Minister yesterday unveiled his vision and road map for developing stronger financial ties with Africa via a plan that capitalises on The Bahamas’ long-standing strengths.

Second sky dive provider now seeks CAAB permits

THE company behind the Grand Bahama sky diving demonstration is different from a separate entity that has voiced repeated frustrations over its inability to obtain the necessary licences.

Video evidence in Kwondrick Lowe’s inquest shows he threw an object seconds before being shot by an officer

SURVEILLANCE footage showed that 18-year-old Kwondrick Lowe threw objects seconds before an officer killed him near Kemp Road in 2023.

PM is well suited for finance role

IT WAS written by the revered Chinese sage and philosopher, Confucius in 500 BC that “the ruler of a country of a thousand chariots must give diligent attention to business; he must be sincere; he must be economical; he must love his people; and he must provide employment for his people at the proper seasons”.

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