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'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.

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.

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.

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.

Eric Wiberg: A beacon that saved lives of pilots

WHEN the 112-foot Castle Island Light off Acklins was operational, it was a critically important beacon that three World War Two bombers crash-landed near in order to be rescued.

Licensee fury: Freeport ‘moving at snail’s pace’

Freeport’s ease of doing business is “moving at a snail’s pace”, a group of Grand Bahama Port Authority (GBPA) licensees warned yesterday, as they blasted both the Government and city’s authority for the escalating row over its governance.

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.

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.

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.

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