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Bahamas ‘not tapped out’: FDI inflows at $1.3bn high
The Bahamas is “nowhere near to tapping out” its ability to attract greater foreign direct investment (FDI) flows, it was argued yesterday, after these increased by 6 percent to near-$1.3bn in 2022.
North Andros residents in the dark after BPL fire
NORTH Andros residents scrambled to preserve their goods and cool their bodies after a fire destroyed all generator units at a Bahamas Power and Light station in North Andros yesterday.
MARITAL RAPE LAW ‘HARMS OUR SONS’
MOTHERS expressed concern yesterday that young men will be unfairly punished if amendments to the Sexual Offenses Act criminalise marital rape.
Another blow for Andros
In the face of already dire circumstances, the situation in North Andros has taken a turn for the worse. The Bahamas Power and Light Powerhouse, a critical facility responsible for providing electricity to the region, has tragically burned down.
Businesses fear major loss from North Andros BPL fire
Hundreds of North Andros businesses and visiting vendors were yesterday fearing they could suffer substantial losses after the area's entire power generation capacity was destroyed by an early morning fire.
'Reticent' on oil explorer's carbon credits alternative
Environmental activists are urging the Government to "carefully scrutinise" any proposal by Challenger Energy Group to monetise its $150m investment in this nation via the creation of carbon credits.
Selling out! Independence Day sales soar
RETAILERS are reporting strong sales of Independence Day-related merchandise ahead of the Bahamas’s 50th anniversary celebrations.
Day 1 of Track & Field Nationals in the books
Bahamian pro athletes shine
Day one of the Bahamas Association of Athletic Associations (BAAA) Senior and Junior National Track & Field Championships got off to an exciting start at the original Thomas A Robinson stadium.
‘No choice’ but to go Bahamian
The Government must build greater “trust and confidence” in its fiscal plan among Bahamian investors given it has “no choice” but to almost exclusively tap the local capital markets to meet its nine-figure deficit financing demands.
Inland Revenue must be a ‘well oiled machine’ for corporate tax
The Department of Inland Revenue (DIR) must become “a well-oiled machine” that is far more responsive to taxpayer needs under a corporate income tax regime, a prominent accountant is urging.
Grocers chief rejects PM’s ‘dumping’ fears
The Retail Grocers Association’s (RGA) president yesterday rejected the Prime Minister’s assertion that The Bahamas is a ‘dumping ground’ for unsafe and inferior goods, and charged: “You can stop it at the border.”
Reserves hit $2.9bn on Gov’t borrowing boost
The Bahamas’ foreign currency reserves expanded by almost $169m in May due to a boost from the Government’s external borrowing activities as they closed the month at near-$2.9bn.
FNM chairman says North Abaco MP has ‘foot in mouth’ disease
FREE National Movement chairman Dr Duane Sands said North Abaco MP Kirk Cornish has “foot and mouth disease”.
Bahamian accountant calls for Caribbean united front
A Bahamian accountant has called on the Caribbean to adopt a united front over how mandatory environment, social and governance (ESG) reporting standards will be embraced in regional laws and regulations.
FNM shocked as Lewis joins Coalition protest of Immigration Minister
CENTRAL Grand Bahama MP Iram Lewis raised eyebrows in the Free National Movement yesterday when he joined members of the Coalition of Independents at a protest demanding the resignation of Immigration Minister Keith Bell.
DPM: Downtown targets 'quick pedestrian wins'
The Deputy Prime Minister yesterday said the road adjacent to the Straw Market, which connects Woodes Rogers Wharf to Bay Street, is being targeted for the first in a series of "quick wins" for downtown Nassau.
Poultry producer seeks $100,000 for hatchery
A Bahamian poultry producer yesterday said it still requires $100,000 in financing to develop its own hatchery as plans for similar facilities advance elsewhere in this nation.
Gov't considers plan for Melia reopening
The Deputy Prime Minister yesterday said plans to re-open Cable Beach's Melia Nassau Beach Hotel are being “favourably considered” by the Government and an announcement on the property's future will be made in due course.
Ken Mullings secures silver in the decathlon
After completing two intense days of competition in 10 events, Ken Mullings clinched a silver medal in the men’s decathlon last night at the Central American and Caribbean Games in San Salvador, El Salvador.
Officials making ‘final preparations’ for Bahamas Golden Jubilee Games
WITH five days remaining until the country’s 50th year of Independence, and two days remaining until the official start of The Bahamas Golden Jubilee Games officials are making final preparations to ensure the public and athletes enjoy the celebratory sporting event.
