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$170m Exuma project targets up to 300 jobs

A $170m investment targeted at Exuma’s southern tip is pledging to create up to 300 full-time jobs - plus several hundred construction posts - via the phased build-out of a mixed-use resort and residential project.

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Gas station tax relief is ‘the right approach’

The Prime Minister’s hint that the Government is mulling lower taxation for gas station operators was yesterday branded the “right approach” even though margin increases may not be considered.

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‘Taking Over-the-Hill projects to new level’

A prominent doctor is asserting that his planned 15-storey parking garage and residential condo complex on Collins Avenue will “take Over-the-Hill developments by Bahamians to another level” if approved.

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Explorer: We won’t sell off Bahamas heritage

An underwater explorer has pledged not to sell or “split up” the valuable gems and historical artifacts it is recovering from the wreck of a centuries-old Spanish treasure galleon in Bahamian waters.

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‘New monster in the house’ on small business funding

The finding that 99 percent of Bahamian firms had no interest in seeking debt financing in COVID’s aftermath was yesterday branded “irrelevant” by a small business adviser, who warned: “We have a new monster in the house.”

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Cruise island expansion to drive 149% visitor rise

Visitors to a cruise line’s Bahamian private island are forecast to increase by more than 427,000 per year once two piers are constructed to allow its vessels to properly dock, it has been revealed.

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Eight tennis juniors take advantage of JITIC u-14 competition

EIGHT young Bahamian tennis stars are competing in the Under- 14 JITIC regional event in Mexico.

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Gov’t hires Rothschild for $11.8bn debt help

The Government has hired Rothschild & Co, a major global financial group, to advise on what could become a “massive refinancing” of much of the country’s $11.8bn national debt, it was revealed yesterday.

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$500k needed to pay beach contractors

MCKELL Bonaby, executive chairman at Bahamas Public Parks and Public Beaches Authority, says more than half a million dollars is owed to contract workers.

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Attorney General hails ‘trailblazing’ carbon Bill

The Attorney General yesterday hailed the Carbon Credit Trading Bill as “trailblazing”, asserting that The Bahamas is further ahead of the entire world in having a “specific framework” to regulate this multi-million dollar activity.

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Gas dealers ‘optimistic’ despite wait over relief

Bahamian gas station operators yesterday said they remain “optimistic” about their relief negotiations with the Government despite the two sides not having met or communicated for “quite a while”.

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INSIGHT: What lessons will be learned from Exuma diesel spill?

THE diesel spill at the Old Navy Base cove last week turned all eyes on Exuma – and once more brought the discussion about how well we are protecting our environment to the fore.

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Bahamas ‘can’t sit on laurels’ over digital assets regulation

The Securities Commission’s top executive has warned that The Bahamas “cannot sit on our laurels” as she disclosed that further reforms to tighten digital assets regulation will be unveiled “in the next few months”.

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Old Navy Base cove closed till August as clean up continues

THE Old Navy Base cove in Exuma will remain closed until August 10 as workers clean up the remaining diesel from the water and prepare to remove sand for further testing.

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Poultry producer in halt after 3,000 chick deaths

A Bahamian poultry producer last night said it is suspending operations for a “minimum” three-five weeks, and laying-off ten staff, after a cargo bungle saw almost 3,000 of its chicks bake to death at Miami International Airport.

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Monkeypox

According to the Centre’s for Disease Control and Prevention, monkeypox is a rare disease caused by infection with the monkeypox virus, and is related to the variola virus that causes smallpox.

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Goodman’s Bay

Should Government allow private enterprise to coolly take over public open space and no one lift a hand or even understand what is happening? I am concerned what is openly happening on Goodman’s Bay parking lot to the eastern side.

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Chavez Young shines in Cubs series

THE Buffalo Bisons split their six-game series with the Iowa Cubs and Chavez Young emerged as one of the club’s offensive leaders as he looks to gain ground in the International League (AAA) standings.

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Negotiations restart after industrial action at airport

THE government has restarted negotiations with the Bahamas Public Service Union (BPSU) following Monday’s industrial action with the hopes of having most of their grievances resolved by the end of August.

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‘Unions need to find a solution apart from industrial action’

FORMER Labour Director John Pinder says he believes union leaders should apply more skills to getting matters resolved outside of industrial action that features, among other tactics, large numbers of workers calling in sick.