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‘Game changing’ water park to create 100 jobs
A “game changing” beach and water park is set to create 75-100 permanent jobs in Freeport once constructed, the Grand Bahama Port Authority’s (GBPA) chairman yesterday saying the project would be “pretty mega”.
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Working ‘feverishly’ on EU obligations after tariff cut miss
The Government is working “feverishly” to bring the Bahamas into compliance with its commitments to the European Union (EU) under the Economic Partnership Agreement (EPA), having missed deadlines for the first two rounds of import tariff cuts.
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Businessman urges capital gains tax
A well-known businessman yesterday suggested the Bahamas implement a small capital gains tax on property transaction profits, as he warned the Government not to “pile” its National Health Insurance scheme on top of Value-Added Tax (VAT).
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'Political motive' in axing contract
FORMER Prime Minister Hubert Ingraham’s decision to cancel the previous contract awarded to Holiday Industrial Builders International (HIBI) was “purely for political expediency”, lawyers representing the company said yesterday.
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84 illegals held - none from sloop
PRIME Minister Dr Hubert Minnis “is very disturbed” by the illegal landing of a sloop on Adelaide Beach and is awaiting a “full report” on how the landing was possible, his Press Secretary Anthony Newbold said yesterday.
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Mixed track record of out island resort projects
THE so-called “anchor project” model of development is a hot-button topic these days – critics say we are selling our birthright to foreign speculators for a mess of pottage.
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Liberty battling injuries, COVID-19, look to get on roll
NEW YORK (AP) — The New York Liberty are a work in progress. When coach Sandy Brondello took over the team this year she knew it would take time for the players to gel on the court.
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Andros Chickcharnies win the gold medal in tennis
GB Lucayans win silver, Eleuthera Adventurers take home bronze
WITH an ace down the sideline, Jacobi Bain, teaming up with fellow collegian Sydney Clarke, pulled off an 11-9 victory yesterday in the mixed doubles to seal a 4-3 win for the Andros Chickcharnies over the Grand Bahama Lucayans.
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Recovery of ‘millions’ result from BOB’s work, not resolve
THE “millions” in bad loans recovered to-date by Bahamas Resolve actually resulted from prior work by Bank of the Bahamas before their transfer, the former’s chairman said yesterday.
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Miller urges people to pay BEC - but admits he is behind on bill
BAHAMAS Electricity Corporation (BEC) Executive Chairman Leslie Miller yesterday said Monday’s blackout is not evidence that the company is unable to meet the demand for electricity in New Providence.
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Veteran honours the fallen
SEVENTY-ONE years after having to help bury eight young Royal Air Force comrades killed during the Second World War, veteran Jack Ryall has returned to the renovated Nassau War Cemetery to pay his respects.
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Mitchell slams justice’s ruling on privilege in Parliament
FOX Hill MP Fred Mitchell railed against Justice Indra Charles’ Supreme Court ruling on parliamentary privilege in the House of Assembly last night, suggesting that it was outrageous that parliamentarians could not respond to “rich foreigners” funneling millions of dollars into a law firm “to get a judge” to “agree” with their arguments.
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No relief for more than 3,000 delinquent mortgage borrowers
THE Clearing Banks Association (CBA) estimates that roughly 800-1,000 delinquent mortgage borrowers could benefit from the Government’s relief plan, but its chairman yesterday acknowledging that there were more than 3,000 who, “in all likelihood”, would not benefit from the initiative.
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Accountants see 10-15% fraud probes increase
Bahamian accountants specialising in internal theft/fraud investigations have seen a general 10-15 per cent increase in such assignments since the recession began, Tribune Business was told yesterday.
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‘One hand tied behind its back’
Abaco businesses and residents are voicing concerns over the imminent deadline by which they must submit applications for the continuation of Hurricane Dorian-related tax relief.
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'Highly, highly unlikely' tourism hurt by crime
Nassau Cruise Port's top executive yesterday said it is "highly, highly unlikely" that cruise passengers or any tourists will be impacted by early 2024's surge in murders and the fear of crime.
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Timberwolves at the double
IN two contrasting ends of the spectrum, the Anatol Rodgers Timberwolves senior girls and boys pulled off a double dose of victory over the Dame Doris Johnson Mystic Marlins in the Government Secondary Schools Sports Association’s basketball action on Thursday at the CI Gibson Gymnasium.
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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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Oil explorer says Oban, BPL sign of govt backing
A Bahamas-based oil explorer is “entirely focused” on drilling its first exploratory well, while viewing the end of exclusive talks with a “major” industry player as “validation” of its work.The Bahamas Petroleum Company (BPC), unveiling its financia
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Non-profits play their part
NON-PROFIT organisations such as the World Central Kitchen, Samaritan’s Purse and the Bahamas Red Cross have all pitched in to bring relief to evacuees impacted by Hurricane Dorian. Nate Mook, executive director of World Central Kitchen which prepar
