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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”.
‘Specialist skills dearth’ hurts financial services
A “DEARTH of specialist skills” in the legal and other professions is undermining the Bahamian financial services industry’s competitiveness, a prominent KC warned yesterday.
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.
Junior baseball team ‘didn’t play well enough’
FOR a team that wasn’t supposed to be in the Dominican Republic, Bahamas Baseball Association president Theodore Sweeting said they couldn’t be happier with the way Team Bahamas performed at the World Baseball Softball Confederation’s Under-15 Baseball Pan American Tournament.
Cooper defends Prime Minister’s travels, dismisses car controversy
DEFENDING Prime Minister Philip "Brave" Davis' travels yesterday, acting Prime Minister Chester Cooper said former Foreign Affairs Minister Darren Henfield did not travel enough.
STATESIDE – Southcom commander on Haiti intervention: ‘Not right now’
LAURA Richardson is only the second woman to hold 4-star rank in the US Army. And she is the first female commander of the US Southern Command.
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.
Central Bank in multiple exchange control eases
THE Central Bank last night unveiled multiple reforms to further relax The Bahamas’ exchange control regime that it believes will not create any “material” risks for the US dollar peg and wider economy.
Kwasi: Self-inflicted inflation from rushed boaters fees
THE “rushed” boaters fee increase has caused “homegrown self-inflicted inflation” created by the Davis administration, according to Opposition finance spokesman Kwasi Thompson yesterday.
Tighter inspection and tougher penalties under new boat rules
STRENGTHENING the safety and oversight of the boating industry was given as the reason for changes to the Boat Registration Bill 2024 and the Water Skiing and Motorboat Control Bill in Parliament yesterday.
Taxi fare increase gazetted - and ministry to meet drivers
THE fare increase for taxi drivers has been gazetted, Minister of Energy and Transport JoBeth Coleby-Davis said yesterday.
More than 200 eviction notices issued in Eleuthera shanty towns
THE Ministry of Works has issued over 200 eviction notices in Eleuthera shanty towns and hopes to post more this week.
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.
Financial group chair to gain trailblazer award
A BAHAMIAN financial institution’s chairman is set to receive the Trailblazer Award at today’s Society of Trust and Estate Practitioners (STEP) Bahamas conference.
Six Senses expecting final approvals by April with construction beginning as early as late summer
SIX Senses Grand Bahama could obtain its final approval from the Department of Environmental Protection and Planning (DEPP) by the end of April, according to the company. Matt Rienzo, chief of marketing and staff at Weller Development Partners, said renderings of the residences in the $10m to $20m price range were released last week.
Bahamas wants 2,000 more hotel rooms for ‘good footing’
THE Bahamas’ prospects for continued tourism growth depend on bringing 2,000 hotel rooms, or 15 percent of its total pre-COVID inventory, back on line swiftly with the industry at “maximum capacity”.
