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Wynn agrees to ‘quashing’ first penthouse approvals
The developer of a 14-storey Goodman’s Bay penthouse complex has restarted its bid for planning permission after agreeing that the initial approvals granted to the project should be “quashed”.
‘Lucrative prospects’: ArawakX refutes $2.4m insolvency woes
The Bahamas’ first-ever crowd-funding platform is asserting it has “lucrative prospects” rather than a $2.4m solvency deficiency as it bids to defeat the Securities Commission’s bid to wind-up its operations.
AG brands The Bahamas’ insolvency regime ‘a joke’
The Attorney General yesterday branded The Bahamas’ corporate insolvency regime as “a joke” and pledged to reform outdated laws and regulations that continue to undermine the financial services industry’s competitiveness.
Regulator: Financial crime gaps up to 60% of licensee weakness
The Securities Commission’s top executive yesterday revealed that anti-money laundering and counter-terror financing non-compliance accounts for between 40-60 percent of licensee deficiencies.
Corporate income tax for Bahamas ‘mammoth task’
A leading Bermuda accountant yesterday warned The Bahamas that implementing a corporate income tax regime is a “mammoth task” that should not be underestimated.
Ferguson unofficial winner of BPSU votes
BAHAMAS Public Services Union president Kimsley Ferguson and his team unofficially won the BPSU’s latest election.
INGRAHAM TO FNM: SIT OUT BY-ELECTION ...but party will run after decision by council members
FORMER Prime Minister Hubert Ingraham advised Free National Movement leader Michael Pintard not to contest the upcoming by-election for West End Grand Bahama and Bimini.
Bahamas Dragon Boat Festival this weekend
As the fastest growing sport in the Bahamas, Dr Christine Chin said she’s confident that the second annual Bahamas Dragon Boat Festival will encourage more Bahamians to get involved.
Fidelity Bahamas Optimist Championship starts today
YOUNG Bahamian sailors from New Providence, Eleuthera, Harbour Island, Abaco, Exuma, Long Island and Grand Bahama will compete in the Fidelity Bahamas Optimist Championship for the title of national optimist champion this weekend. Sailors from the US as well as the Cayman Islands will also be competing in this international event to be held in Montagu Bay.
Bowleg: ‘I am still trying to understand the trade by the Suns’
MINISTER of Youth, Sports and Culture Mario Bowleg was “shocked” when he learned about the trade but indicated that there could be more to the reason why the Phoenix Suns sent their former Bahamian first round draft pick Deandre Ayton to the Portland Trail Blazers.
Man receives four-year sentence for possession of a unlicenced gun and ammo
A MAN was sentenced to four years in prison yesterday after admitting to having a loaded gun in a pet store on Ross Corner earlier this year.
Family Island land solution growth key
Resolving land issues in the Family Islands is a key component of the National Development Plan, one of its key architects said.
Doctor’s PI expansion tied to Royal Caribbean
A Bahamian doctor yesterday revealed he aims to capitalise on Royal Caribbean's beach club by expanding to Paradise Island with his third footwear store when that project opens in 2025.
STATESIDE: While Biden tries to appear as ‘labour’s best friend’ Trump seems to lose favour
ONE year from this morning, we’ll know who the Democratic and Republican party nominees are in a presidential election contest that will then only be six weeks away. And we’ll know if a third-party candidate or candidates have emerged to challenge America’s deeply entrenched two-party political duopoly.
FRONT PORCH: The neglect and needs of Caribbean and Pacific states
LAST week, US president Joe Biden asked Congress for an additional $24 billion to support the war in Ukraine. As noted by Mark Cancian, a senior policy advisor with the Centre for Strategic and International Studies, and others, this will bring total US aid to a staggering approximately $135 billion.
‘BISX home makes sense’ for Bahamas carbon credits
The Bahamas International Securities Exchange (BISX) is “definitely exploring” the listing and trading of the country’s blue carbon credits on its platform, its top executive asserting: “A home on BISX makes sense.”
‘Putting circle in a triangle’: Why developments fail
A Bahamian environmental consultant yesterday argued that the main non-financial reason that major development projects fail is because their principals “try to put a circle into a triangle”.
Cable partners over $5m Exuma cays connectivity
Cable Bahamas has teamed with another provider to develop a $5m sub-sea fibre network that will provide broadband Internet connectivity to hundreds of residents across 34 Exuma cays.
FNM chair blames VAT for ‘marina ghost town’
Bahamian marinas yesterday warned it was vital the country develop “a unified voice” over the imposition of VAT on yacht charter fees amid suggestions that it has resulted in several boating destinations becoming “a ghost town”.
Abaco resort eyes ‘break even’ 5% rate increase
The Bahamas Out Island Promotion Board’s president yesterday said his hotel will likely have to increase rates by “another 5 percent” in 2024 to break even with fellow hoteliers revealing that soaring light bills “are just killing us”.
