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Atlantis in 25% large boat fall-off post-VAT
Atlantis has suffered a 20-25 percent fall in large vessel volumes since VAT’s imposition on charter fees, its marina dockmaster has revealed, with the decline “definitely hurting the small man” more.
Lobster fishermen face ‘bad situation all around’
Bahamian fishermen were yesterday said to be confronting “a bad situation all around’ with increasing costs and a “low-end” lobster price set to impose a profits squeeze just one week before crawfish season starts.
Melia demolition finish ‘before winter season’
Baha Mar’s owner is seeking to completely demolish the former Melia Nassau Beach Resort before the 2023 winter tourism season starts, it was revealed yesterday, although it has not determined what will replace the hotel.
US: Gov’t ‘stalling’ on anti-corruption fight
The US State Department yesterday accused the Government of “stalling full implementation of anti-corruption legislation that would promote transparency and good governance” such as the Freedom of Information Act.
Public servants protest for better treatment
SCORES of disgruntled social services and healthcare workers demonstrated outside the House of Assembly yesterday, demanding promotions and better workplace benefits.
REVIEW PLEDGED IN IMMIGRATION ROW: PM makes promise over allegations as Bell a no-show
PRIME Minister Philip “Brave” Davis said the government would review how immigration decisions are made and strengthen the processes.
ITF/COTECC U-12 tennis: Inclement weather halts play for Team Bahamas
TEAM Bahamas had a busy day yesterday in Santo Domingo, Dominican Republic. The tennis players competed in the beginning of the Billie Jean King Cup Americas Group ll tournament, and day three of the ITF/ COTECC U-12 Sub Region 3 competition.
Reloaded Bahamas teams get ready for Florida tournament
YOUNG BASEBALL PLAYERS PARTICIPATE IN PRACTICE SESSIONS AHEAD OF TOURNEY
THE Reloaded Bahamas 9-and under (9U) and 10-and under (10U) teams will get ready to compete in the 10U PG Florida Summer Select Championship (Open).
PM: 'Smell is rotten' on BPL's Wartsila purchase
The Prime Minister yesterday blasted that "the smell is rotten" as he and his predecessor resumed House of Assembly battle over whose administration is responsible for Bahamas Power & Light's (BPL) dire state.
Baha Mar invests $2m into environmental sustainability
Baha Mar executives yesterday said the Cable Beach mega resort has invested more than $2m in conservation and sustainability initiatives to help attract environmentally-conscious guests.
Arawak Cay chief eyes 'second Fish Fry' plans
The Arawak Cay Association’s president yesterday revealed he is considering the development of a second Fish Fry destination at South Beach to cater to growing communities near that area.
Gas dealer deal likely ‘by end of summer’
Financial Secretary Simon Wilson indicated on Tuesday that negotiations for a price margin increase with the gas retailers are progressing well and an agreement should be finalised by the end of summer.
Bahamas Mangrove Alliance sets goal to plant millions of mangroves by 2025
AS World Mangrove Day is celebrated today, a Bahamian alliance has announced a goal of putting “millions of mangroves in the ground” by the end of 2025.
Insurers fear ‘hardship’ over 35% blacklist capacity threat
Bahamian insurers yesterday warned they, and thousands of businesses and homeowners, will face “tremendous economic hardship” if 35 percent of reinsurance capacity is lost by The Bahamas failing to escape Europe’s tax blacklist.
Retail savings bond in ‘final approval stages’
The Central Bank is “committed” to launching a product designed to foster a greater “savings culture” among Bahamians before year-end 2023, its governor affirmed yesterday, with approvals “in the final stages”.
Payroll errors costing taxpayers near $120m
Salary and payroll errors are costing Bahamian taxpayers around $120m per year, the Government’s top finance official disclosed yesterday, as he blamed the wastage on too many systems that are not linked to each other.
‘Quality new credit’ hard to find with $127m drop
Fidelity Bank (Bahamas) says the more than $127m collective decline in outstanding mortgage and consumer loans during 2022 shows “quality new credit” and borrowers will be tough to find despite the economy’s rebound.
So much for transparency and accountability
THE words of Margaret Mead come to mind as we sit to pen this editorial.
Albany developer charged on ‘brazen insider trading’
The Bahamas-based billionaire who spearheaded Albany’s development was yesterday charged with orchestrating a “brazen insider trading scheme” that allegedly netted millions of dollars in illicit profits for his closest associates.
SPORTS NOTES
THE Royal Bahamas Defence Force, through its title sponsor Fidelity Bank, will hold its annual Fun Run/Walk Race on Saturday, starting at 6am from Goodman’s Bay.
