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Minister backs constituents on propane plant opposition
A Cabinet minister yesterday joined Baillou Hills Estates residents in voicing opposition to the development of a $1.3m “state-of-the-art” propane gas plant off Tonique Williams Highway.
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Carnival targeting ‘much more’ than 2.2m arrivals with GB port
Carnival Cruise Line expects to bring “much more” than the advertised 2.2m passengers per annum to its new Grand Bahama cruise port when the facility opens in 2025.
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Hotels eye 10% growth for peak winter season
Bahamian resorts are poised for an up to 10 percent year-over-year increase in business volumes for the 2024 first quarter, it was revealed yesterday, with the sector’s “greatest opportunity” still untapped.
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Largest Bahamas First stake targeted in acquisition move
The largest shareholding in Bahamas First may soon change hands with the potential buyer already signalling its desire to expand that ownership interest beyond the initial 20 percent.
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IMF: Further ‘limit’ Central Bank’s financing of Gov’t
The International Monetary Fund (IMF) last night called for a further “reduction in the limit” on how much funding the Central Bank can provide to the Government as it signalled the present bar is too high.
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IMF: ‘Deeper effort’ on digital asset regulation
The International Monetary Fund (IMF) last night urged The Bahamas to undertake “deeper efforts” to regulate digital assets firms by providing more resources to inspect their operations.
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Honouring the nation builders
MORE than 100 people were recognised yesterday for their contribution to nation-building during the pre and post-independence periods.
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IMF WARNING TO GOVT ON DEFICIT: Spending expected to outpace income by three times forecast
The International Monetary Fund (IMF) last night blew a hole in the Government’s 2023-2024 Budget projections by warning the fiscal deficit will likely be almost three times’ higher than forecast.
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Cyber Monday beats retailer expectations
Retailers yesterday said Cyber Monday sales exceeded expectations as reduced prices and service deals drove increased consumer demand.
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Gov’t unveils $1m grant to boost ‘food security’
The Small Business Development Centre (SBDC) yesterday received $1m in grant funding that will be distributed between small and medium-sized businesses to boost Bahamian “food security”.
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WORLD VIEW: Breaking the OECD hold on global tax governance
“THE Organization for Economic Cooperation and Development (OECD) is nothing less than a Club of the world’s wealthiest countries which is determined to bend powerless countries to its will”. I wrote that statement in 2002 after four years of negotiations with the OECD against its unilateral imposition of a regime to counter what it called the ‘Harmful Tax Competition Initiative (HTCI)”, launched in 1998.
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‘Very happy campers’ on 36% KFC pay increase
The hotel union’s president has predicted “there are going to be some very happy campers” after the newly-signed Kentucky Fried Chicken (KFC) deal gave line staff a 36 percent pay rise spread over five years.
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PM hails UN resolution opening ‘fairer tax’ path
The Prime Minister yesterday hailed last week’s passage of a United Nations (UN) resolution that potentially opens a path towards a more just and fair approach towards resolving international tax disputes.
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Briland ‘emergency’ over utility outages
Briland residents were yesterday said to be holding an “emergency meeting” after power and water outages disrupted the tourism hot-spot’s Thanksgiving and run-up to the peak winter season.
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COURT FIGHT AHEAD OVER NATIONAL FLAG: Supreme Court rules full trial needed on Bahamas copyright
The Supreme Court has dismissed a second Government bid to strike out a $328.5m damages claim over allegations that it pirated the design for the Bahamian national flag.
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Spartans win Baha Mar Hoops crown
University of North Carolina at Greensboro Spartans’ forward Mikeal Brown-Jones called the Baha Mar Hoops Nassau Championships one of the greatest tournaments he’s ever played in.
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Villanova Wildcats take third Battle 4 Atlantis title
THE Villanova Wildcats added a third Battle 4 Atlantis title to their collection after they triumphed 79-63 over the University of Memphis Tigers on Friday in the championship game at the Imperial Arena, Paradise Island.
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Time for FNM to re-evaluate
The West End and Grand Bahama by-election should be a wake-up call for the FNM. Yes, the PLP poured plenty resources into the contest. They also made plenty promises and signed quite a number of contracts.
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Retailers enjoy ‘steady’ Black Friday sales flow
Bahamian retailers have reported a “steady flow” of Black Friday customers and sales as persons “get the jump” start on their Christmas shopping.
