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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.
Stopover tourists strike 94% pre-COVID levels
TOTAL air arrivals to The Bahamas in May hit 94.2 percent of pre-COVID’s 2019 high, the Central Bank revealed yesterday, with overall visitor numbers for the first five months of 2023 some 68 percent ahead of last year.
INSIGHT: After Watson move, are there other positions in Davis’ administration needing a shuffle?
WITH Independence almost upon us, it has been a time of taking stock – looking back over our 50 years and establishing our progress as a nation.
Gov't 'examining merits' of oil explorer carbon credits
The Government is "examining the merits" of an oil explorer's proposal to gain a return on its $100m-plus investment in The Bahamas via the use of carbon credits.
Clubs & Societies June 29th, 2023
The Bahamas Maritime Cadet Corps (BMCC) has completed another very successful year of activities with a total of 97 cadets completing the programme on four separate islands.
Foreign buyer VAT rise gains ‘90-day transition’
A Cabinet minister yesterday confirmed the Government is allowing a 90-day “transition period” so that foreign purchases of real estate valued at under $1m - and already subject to sales agreements - can close at existing VAT rates.
Jury discharged in Gibson trial for protocol breach
THE jury in Adrian Gibson’s corruption trial was discharged yesterday after a Supreme Court judge dismissed two jurors for failing to obey protocols.
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.
Justice holds legal discussions ahead of Gibson case, adjourned until Friday
THE corruption trial of Long Island MP Adrian Gibson was adjourned to Friday after Justice Cheryl Grant-Thompson held legal discussions in the absence of a jury yesterday.
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.
Plane used for mail flights to Bahamas has a grisly history
A TURBOPROP plane once used to deliver mail to The Bahamas from Florida has been revealed to have had a grisly history – with political detainees in Argentina having been thrown from the vehicle to their deaths during the country’s 1976-98 military dictatorship.
JBLN stun Freedom Farm
In one of the most dramatic comebacks at this year’s Bahamas Baseball Association’s G-Ball National Baseball Championships, the Junior Baseball League of Nassau stunned Freedom Farm to clinch the 14-and-under divisional title.
Clubs & Societies June 23rd, 2023
After a three-year gap because of COVID-19, the 16th Summer Day Camp returns with daily sessions from 9am to 4pm, August 8-18.
ONE ELEUTHERA: Important to seize the day as Eleuthera poised for growth
THE secret is out. Eleuthera – our beautiful island of freedom famed for its Glass Window Bridge and sweet sugar loaf (pineapples) is seeing unprecedented growth in tourism and development. Several weeks ago, I was given an opportunity to co-moderate the Eleuthera Business Outlook (EBO) that was organised by Joan Albury of the TCL Group and the Eleuthera Chamber of Commerce. There were many presentations pointing to the emerging opportunities linked to developments currently taking place and those slated for Eleuthera in the near future.
BPL sees 'negligible' disconnection jump
Bahamas Power & Light (BPL) yesterday said it has seen a "negligible" increase in disconnections, with fewer than 2 percent of accounts cut-off in May, as consumers brace for the 163 percent peak fuel charge increase.
Pintard questions Govt’s handling of cruise tax increase
Opposition leader Michael Pintard yesterday argued that new passenger taxes could cause cruise ships to seek cheaper destinations.
Pintard: Cruise lines will bear cost of tax increase
Opposition leader Michael Pintard yesterday argued that new passenger taxes could cause cruise ships to seek cheaper destinations.
Gov't backed off 10-day VAT filing for large firms
The Bahamian private sector yesterday said cutting the VAT filing deadline for firms with annual turnover exceeding $5m has been "wholly rejected as unworkable" despite the Government backing off its original 10-day target.
G-Ball Andre Rodgers National Baseball Championships back in NP
WITH the opening of the new Andre Rodgers Baseball Stadium, the Bahamas Baseball Association has decided to bring its G-Ball Andre Rodgers National Baseball Championships back to New Providence.
PETER YOUNG: New national sport - expanded role for local sailing clubs
Although it has been fun and a learning experience to have crewed for various people on boating pleasure trips while living here in The Bahamas, I confess to little real knowledge about sailing. But one does not need to know a great deal about this wonderful activity and sport to realise how important it is in this country.
