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Freeport poised to be ‘fastest growing Caribbean economy’

FREEPORT needs Nassau-based investors to help build “critical mass” in a city “poised to be the fastest-growing economy in the Caribbean”, a Port Authority executive asserted yesterday.

Top KC sounds ‘dark side of Bahamianisation’ alarm

A PROMINENT KC yesterday sounded the alarm over the “dark side of Bahamianisation” for breeding mediocrity based on “a sense of entitlement”.

BPL rates ‘among the highest’ consumers pay in the region

Bahamians are paying “among the highest” electricity prices in the Caribbean even though the base rate is set “below cost” with tariff charges said to be double the global average.

50% fear or pay bribes for building and import permits

Fifty percent of Bahamian companies seeking construction and import-related permits say they have either been asked, or expect, to pay a bribe to obtain the required approvals, it has been revealed.

Man accused of unlawful entry into woman’s home granted $5,000 bail

A MAN was granted $5,000 bail yesterday after he was accused of invading a woman’s home at night last week.

Travel for the PM is crucial

With the traditional Easter Season upon us, as a professed Christian nation, I will be as neutral as possible. Many have asked why it is the Prime Minister and assorted delegations have been travelling the globe to meet with other Heads of State and governmental leaders. Some have even gone so far as to suggest that public funds are being wasted on such trips. I beg to differ.

We should be better than this

Many years ago when I was a student, I remember being very annoyed by a novel by Evelyn Waugh called “Black Mischief”. I was annoyed because I was of the opinion that the author used a fictional country to illustrate how he thought blacks misgoverned their countries.

Auto dealer eyes 15% cut back on ‘taper off’

A BAHAMIAN auto dealer yesterday said he plans to “cut back” on summer orders by 15 percent amid fears consumer demand will “taper off” despite a strong start to 2024.

‘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.

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.

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 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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