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The Budget Communication – as it happened
Prime Minister Davis says the Budget aims to strengthen national security, economic security and the lives of people of The Bahamas. He says the global economy is showing signs of improvement although there is still much work to be done to recover from recent challenges. He adds that average consumer prices rose in the US by eight percent, while policy rate of interest has been raised ten times, driven primarily by rising inflation. He highlights the effects on The Bahamas in terms of higher borrowing costs.
FTX chief’s fate lies in Bahamas’ hands
THE FATE of embattled FTX chief, Sam Bankman-Fried, rests in The Bahamas’ hands in determining how many criminal charges he will ultimately face over the crypto exchange’s multi-billion dollar implosion, it was revealed yesterday.
Cruise port's chair eyes 'missing 10%'
The chair of Nassau Cruise Port's ultimate parent says he is "90 percent-plus satisfied" with its $322.5m transformation as he waits to see it drive increased visitor spend and more passengers exiting their vessels.
Sir Franklyn's developer in $7.5m battle with MIT chair
Sir Franklyn Wilson's Eleuthera Properties is locked in a legal battle with Massachusetts Institute of Technology's (MIT) chairman emeritus over the latter's bid to exit his $7.5m investment in the Bahamian developer.
Former Cabinet Minister George Smith dies
FORMER Cabinet Minister George Smith, a nation-builder who remained active in politics as a mentor and advisor years after leaving the frontline, died on Friday.
Union challenges and opportunities
There are several umbrella trade union groups operating in The Bahamas today whose individual union members represent workers across a range of industries.
Bahamas Striping working to improve Eleuthera and Long Island roads
BAHAMAS Striping Group of Companies (BSGC) general manager Melanie Roach said the company is working to improve roads on Eleuthera and Long Island.
Trade Policy aims to break export barriers
A Cabinet minister yesterday asserted that the newly-launched National Trade Policy will play a key role in helping to diversify the Bahamian economy through the creative industries plus sectors such as agriculture and fisheries.
Ex-MP says: 'Gov't supporters trying to get hands on GBPA'
A former MP yesterday doubled down on concerns that "supporters of the governing party have been trying to get their hands on the Grand Bahama Port Authority" amid push back to calls for politics to be kept out of Freeport's future.
Sears says newly launched Traffic Management Centre first phase to cost $1.8m
THE Ministry of Works and Utilities launched the first phase of its Traffic Management Centre yesterday.
Guilty plea for man in $2m hemp possession
A MAN pleaded guilty yesterday to illegally having nearly $2m worth of marijuana in separate incidents.
Chess tournament set to make the history books
THE Orjan Lindroth Memorial Chess Tournament is set to make history as the 1st FIDE Title Norm chess tournament to be held in The Bahamas.
American man bitten by baby shark near Grand Bahama
AN American man was bitten by a baby shark on Sunday while fishing in waters near West End, Grand Bahama.
Keep Freeport out of a 'political cess pool'
Major figures in last year's protest march to the Grand Bahama Port Authority (GBPA) have reiterated their opposition to its acquisition by the Government for fear Freeport will be dragged into "a political cess pool".
US will warn over crime
My prediction has happened. Two American tourists in Exuma robbed of thousands of dollars, another State Department Advisory will happen warning American tourists of the crime in The Bahamas.
Make-up of Davis and Billie Jean King teams complete
WITH their final trials held over the weekend at the National Tennis Center, the Bahamas Lawn Tennis Association completed the make-up of both the men’s Davis Cup and female Billie Jean King Fed Cup teams.
PM unveils lease-to-own Crown Land return plan
The Prime Minister has pledged to launch a lease-to-own initiative involving Crown Land to entice Cat Islanders to return home.
Club Med: Over 75% of workforce returns
Club Med's general manager yesterday revealed that more than 75 percent of the resort's staff have returned to work at the property despite its near three-year shutdown due to COVID-19.
Little juice left
ActivTrades
Global stocks of orange juice have shrunk significantly, and raw material costs are rising. Consumers must be prepared for price increases for their most popular drink.