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Bahamas ‘shipwrecked’ if no Development Plan
The Bahamas will “end up shipwrecked” if it fails to fully revive the National Development Plan (NDP) as a mechanism to direct and benchmark improvements on key economic and social metrics, it was argued yesterday.
GBPA: Gov’ts financial demands are ‘contested’
The Grand Bahama Port Authority (GBPA) yesterday hit back at the Government’s financial demands as the Opposition’s leader warned his party will “vigorously resist” any bid to “supersede” Freeport’s founding treaty without consultation.
Almost 1m referrals to Nassau/PI hotels
A senior Bahamian tourism executive yesterday said Nassau/Paradise Island has recovered to 97 percent of pre-COVID business volumes by March 2023 with airlift capacity up by double digits for the year-to-date.
Minister says Bill not removing ‘bread out of farmers’ mouths’
A Cabinet minister yesterday asserted that agricultural-related legislation accompanying the 2023-2024 Budget was being “misinterpreted” amid charges that it is threatening to “take bread out of farmers’ mouths”.
FTX’s Bahamas attorney quiet on $1m ‘bonus’ claim
FTX’s Bahamas attorney yesterday declined to comment on allegations that a “former Bahamian government official” was offered a $1m “bonus” if they could expedite obtaining the necessary licences to operate from this nation.
Special OIympians bring home medals
Team Bahamas’ Special Olympics athletes received a warm celebratory welcome home after amassing four medals at the 2023 Special Olympics Summer World Games in Berlin, Germany.
Royal Caribbean: PI project aims to retain profits locally
A senior Royal Caribbean executive yesterday pledged that a key objective of its $100m Paradise Island project is to have the bulk of revenues and profits generated remain in The Bahamas.
Gov't already rejecting work permit renewals
A Cabinet minister yesterday said the Government has already begun rejecting work permit renewal applications for expatriates who have received approvals “consecutively” for the past 10 years or more.
FACE TO FACE: Reflecting on Independence, remembering George Smith
WHEN George A Smith passed away on May 26, it was a poignant moment in time. The end of one era is at hand, and the dawning of a new era is taking place right before our eyes.
Davis: GBPA ‘needs a management and governance change’
PRIME Minister Philip “Brave” Davis said he believes new management is needed at the Grand Bahama Port Authority to facilitate Freeport’s growth because the “status quo” is not working.
PM declares govt to crack down on work permits
PRIME Minister Philip “Brave” Davis said the government would crack down on granting work permits yesterday, declaring: “We’re not anti-foreigners. We’re just pro-Bahamian.”
PM: Gov’t demanding Port Authority repay excess cost
The Prime Minister yesterday accused the Grand Bahama Port Authority (GBPA) of failing to repay costs the Government has incurred in providing public services in Freeport despite being billed for these expenses.
PM: COVID lockdown led to employment shrinkage
The Prime Minister yesterday blamed the former Minnis administration’s COVID lockdowns and other restrictions for the shrinkage in the workforce and number of employed Bahamians amid a bitter House of Assembly row.
Opposition chief warns over bidding ‘suspicion’
The Prime Minister yesterday defended the award of two multi-million dollar contracts amid charges by the Opposition’s leader that handling of the bid process “opens up every company to suspicion”.
Bank urges ‘level playing field’ creation for lending
A BISX-listed bank is calling for regulatory reforms that will create a “level playing field” between supervised and non-traditional lenders over providing credit to Bahamian borrowers.
BPL confirms load shedding exercises in New Providence
BAHAMAS Power and Light confirmed yesterday that it started load-shedding exercises because of challenges to several power stations in New Providence.
FTX says ex-official got $1m bonus for permits
An attorney and “former Bahamian government official” was allegedly offered a $1m “bonus” to swiftly obtain the necessary licences so that FTX could move to this nation, it was asserted yesterday.
Man denied bail while facing 14 firearm-related charges
A MAN is behind bars after allegedly possessing ten illicit firearms and over 100 rounds of ammunition which were recovered in a raid on a courier company last week.
PM says Gov't on pace to hit balanced Budget
The Prime Minister yesterday asserted that the Government remains on track to achieve a fiscal surplus and balanced Budget in 2024-2025, adding: "Revenues will continue to go up, and deficits will continue to go down."
'Most Bahamians can't evade their tax liability'
The Prime Minister yesterday reassured that the Government's real property enforcement efforts are targeted at foreign homeowners and businesses rather than Bahamian families.
