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RCI spending $50m to restore western PI beach environment
AN estimated $50m will be spent to restore the western Paradise Island environment that will feature Royal Caribbean International’s Royal Beach Club project if it gets final approval, according to RCI’s chief product and innovation officer Jay Schneider.
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.
Abaco Dump continues to burn as residents’ concerns not addressed
SOME Abaco residents believe the government’s failure to address issues involving the burning of debris at Abaco dump sites has subjected people to health problems.
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.
Half of Royal Caribbean's PI investment on site clean-up
A senior Royal Caribbean executive yesterday disclosed around half the investment in its Paradise Island project will be spent on cleaning and restoring much of the 17-acre prior to construction starting.
Ras Delancy named Player of the Year
Ras Jesse Delancy, in completing his sophomore year at Benedict College, added another feather to his cap when he was selected last week as the 2023 Division II National Player of the Year.
RCI unveils consultation over beach resort plan
ROYAL Caribbean International has released its first public consultation report for the Royal Beach Club at Paradise Island - answering questions on issues such as wastewater treatment.
GAS DEALERS WANT 30 CENT INCREASE – Association: Govt discussed change to fuel margins
Petroleum retailers say they refuse to become "paupers" as they intensify demands for a 30 cent per gallon margin increase which they have been seeking to obtain from the Government since April 2022.
Engineer says 2023 'hottest' year for construction projects
The Bahamas Society of Engineers (BSE) president says 2023 is the “hottest” year for construction-related development that he has seen in a long time as there are “projects all around".
Union officials to work with police on Labour Day parade safety
UNION officials are cooperating with the Royal Bahamas Police Force to ensure road safety for the upcoming Sir Randol Fawkes Labour Day parade.
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.
Judge: 'Now clear' Baha Mar sabotaged by CCA
Sarkis Izmirlian yesterday secured a major legal victory after a New York judge ruled "it is now clear" that China Construction America (CCA) sabotaged Baha Mar's completion and orchestrated the developer's removal.
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.
Diesel on hold waiting for govt response
THE government has not contacted petroleum retailers since many stopped selling diesel, Bahamas Petroleum Retailers Association president Raymond Jones said yesterday.
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.
Corporate income tax is 'wrong way around'
The Opposition's finance spokesman yesterday argued that The Bahamas has corporate income tax "the wrong way around" because the proposed reform options are forecast to suck "more money" from the private sector via taxation.
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.
'Screeching economic halt' if diesel stop lasts 10-14 days
Bahamians could "see a totally different economy" if the decision by most petroleum dealers to halt diesel sales lasts for up to two weeks, a well-known contractor warned yesterday.
Town Planning rejected Lyford Cay condo advice
Lyford Cay residents will today bid to block a controversial condo project, which speculation previously linked to FTX, after planning authorities approved the doubling of its height beyond that recommended by their technical advisers.
DIESEL SALES HALT TO LAST UNTIL MARGIN RESOLUTION: However, sites owned by FOCOL continue to make fuel available
Bahamian petroleum retailers have "no intent to disenfranchise the motoring public", their president asserted yesterday, as he warned that the halt to diesel sales will "go on until such time" as their plight is resolved.
