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PM dismisses fears GBPA battle will ruin investment
The Prime Minister yesterday dismissed concerns that the escalating battle with the Grand Bahama Port Authority (GBPA) over the Government’s $357m payment demand will ruin investor confidence.
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PM dismisses concern GBPA dispute will undermine investor confidence
PRIME Minister Philip “Brave” Davis dismissed concerns that the government’s dispute with the Grand Bahama Port Authority (GBPA) undermines investor confidence and suggested that investors already lacked interest in the island.
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Disclosure chair would not say who filed
WEEKS after the deadline passed for parliamentarians to make their annual financial disclosures, Public Disclosure Commission chairman Bishop Victor Cooper still could not say yesterday how many completed their filings.
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‘15 years too little for killing my son’
THE mother of Omar Davis, Jr –– the high-achieving young accountant killed in 2022 –– said the 15-year sentence her son’s killer has received is a “slap on the wrist” that does not bring justice.
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Davis says details on BPL transformative deal to come when ‘all the ducks in a row’
PRIME Minister Philip “Brave” Davis said the government will reveal more details about a deal to transform Bahamas Power and Light (BPL) when it has “all the ducks in a row”.
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Now-Cabinet minister wins just 14.5% of union claim
A SUPREME Court judge has awarded a now-Cabinet minister just 14.5 percent of the compensation he was seeking over a breach of contract battle with the Bahamas Union of Teachers (BUT).
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Contractor chief challenges ‘short sighted’ stadium deal
THE Bahamian Contractors Association’s (BCA) president yesterday argued it was “short-sighted” not to ensure the national stadium’s overhaul involves skills and knowledge transfer by the Chinese.
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Ex-civil service union boss: I urged pension reform two decades ago
A FORMER union leader says he recommended that civil service pensions be made contributory almost two decades ago as financial analysts warned “it’s all coming home to roost” over a forecast $3.5bn hole.
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‘Total incompatibility’: But $100m project forges on
AN Exuma-based developer says it is pursuing all necessary approvals for a $100m project that has forced a neighbouring resort to place its development plans on hold and raised environmental concerns.
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Dealers: Used car sales up 30% with ‘level playing field’
AUTO dealers yesterday argued they could increase their used car sales by up to 30 percent if the authorities enforce a competitive ‘level playing field’ with roadside vendor rivals.
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Residents voice objections to new PI resort proposal
RESIDENTS last night argued that plans to transform the former Paradise Harbour Club site into a seven-storey hotel represent an “overdevelopment” that will impact quality of life and devalue their properties.
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FNM claims govt broke law on finance
THE Opposition’s finance spokesman yesterday challenged whether the Government may have violated public finance laws by drawing on $133m from its “sinking funds” to pay debts coming due.
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Two men charged in Saunders murder case
TWO men were remanded in custody yesterday accused of murdering former FNM MP Donald Saunders during a bar robbery last month.
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$36m stadium repair to finish 14 days before World Relays
THE Chinese government is fully covering the $36m repairs to the Thomas A Robinson National Stadium, which officials expect to be completed at least 14 days before the World Athletics Relay.
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GBPA: $200m in taxes far exceed Gov’t outlay
THE Grand Bahama Port Authority (GBPA) yesterday blasted the Government’s huge payment demand as ill-founded by arguing that the $200m tax revenues earned by the latter far exceed what it invests in Freeport.
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PM told GBPA’s owners: I have ‘no confidence’ in you
THE Prime Minster personally told the Grand Bahama Port Authority’s (GBPA) owners that he has “no confidence” in their ability to “realise the promise and potential of” Freeport.
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Deltec’s big damage from FTX investor ‘Gatling gun’
A BAHAMIAN bank and its chairman have blasted aggrieved FTX investors for employing “a Gatling gun approach” that has inflicted “tremendous damage” on their financial services reputation.
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GBPA: We’ll fight govt over demand
THE Grand Bahama Port Authority (GBPA) yesterday blasted the Government’s huge payment demand as ill-founded by arguing that Freeport’s $200m annual tax revenues far exceed what government invests in the city.
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UPDATED PM: It is ‘intolerable’ that GBPA has not lived up to deal
PRIME Minister Philip “Brave” Davis threatened to begin arbitration proceedings against the Grand Bahama Port Authority (GBPA) if it fails to pay more than $300m owed to the government within the 30-day deadline.
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Wildfire in Andros last week mostly contained
FIREFIGHTERS in North Andros are keeping a close watch on a large forest fire that erupted on the island last week, producing large plumes of thick, black smoke over surrounding communities.
