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PI resort, development escape tax debt sell-off
A Paradise Island resort and Long Island investment project are among those that have escaped being sold-off by the Government through settling their alleged real property tax delinquency.
Bank’s Out Island sites ‘a philanthropic service’
Bank of The Bahamas’ top executive yesterday described its Family Island presence as an act of “philanthropy” amid complaints that woes at its branch have left south Eleuthera in “a dire situation”.
Adapt to tourist profile so we ‘blow past’ 2019
Family Island hotels must adapt to a visitor demographic profile that has been flipped upside down over the past decade if they want to “blow past” pre-COVID numbers, a top tourism official is warning.
PI hotel project’s 100 ‘permanent’ job pledge
A development that aims to be Paradise Island’s “first new hotel for many years” yesterday said its project will create 100 permanent jobs and a similar number of construction posts.
No consumer respite despite inflation ease
As the tide of inflation in The Bahamas seems to be ebbing, it prompts reflection on what this means for the average Bahamian’s wallet.
PM says ‘black hole’ east of East Street
The Prime Minister yesterday branded the section of downtown Nassau east of East Street as “a black hole” for The Bahamas even though it contains some of New Providence’s most valuable real estate.
PM dismisses fears GBPA battle will ruin investment
The Prime Minister yesterday dismissed concerns that the escalating battle with the Grand Bahama Port Authority (GBPA) over the Government’s $357m payment demand will ruin investor confidence.
PM dismisses concern GBPA dispute will undermine investor confidence
PRIME Minister Philip “Brave” Davis dismissed concerns that the government’s dispute with the Grand Bahama Port Authority (GBPA) undermines investor confidence and suggested that investors already lacked interest in the island.
Disclosure chair would not say who filed
WEEKS after the deadline passed for parliamentarians to make their annual financial disclosures, Public Disclosure Commission chairman Bishop Victor Cooper still could not say yesterday how many completed their filings.
‘15 years too little for killing my son’
THE mother of Omar Davis, Jr –– the high-achieving young accountant killed in 2022 –– said the 15-year sentence her son’s killer has received is a “slap on the wrist” that does not bring justice.
Davis says details on BPL transformative deal to come when ‘all the ducks in a row’
PRIME Minister Philip “Brave” Davis said the government will reveal more details about a deal to transform Bahamas Power and Light (BPL) when it has “all the ducks in a row”.
Now-Cabinet minister wins just 14.5% of union claim
A SUPREME Court judge has awarded a now-Cabinet minister just 14.5 percent of the compensation he was seeking over a breach of contract battle with the Bahamas Union of Teachers (BUT).
Contractor chief challenges ‘short sighted’ stadium deal
THE Bahamian Contractors Association’s (BCA) president yesterday argued it was “short-sighted” not to ensure the national stadium’s overhaul involves skills and knowledge transfer by the Chinese.
Ex-civil service union boss: I urged pension reform two decades ago
A FORMER union leader says he recommended that civil service pensions be made contributory almost two decades ago as financial analysts warned “it’s all coming home to roost” over a forecast $3.5bn hole.
‘Total incompatibility’: But $100m project forges on
AN Exuma-based developer says it is pursuing all necessary approvals for a $100m project that has forced a neighbouring resort to place its development plans on hold and raised environmental concerns.
Dealers: Used car sales up 30% with ‘level playing field’
AUTO dealers yesterday argued they could increase their used car sales by up to 30 percent if the authorities enforce a competitive ‘level playing field’ with roadside vendor rivals.
Residents voice objections to new PI resort proposal
RESIDENTS last night argued that plans to transform the former Paradise Harbour Club site into a seven-storey hotel represent an “overdevelopment” that will impact quality of life and devalue their properties.
FNM claims govt broke law on finance
THE Opposition’s finance spokesman yesterday challenged whether the Government may have violated public finance laws by drawing on $133m from its “sinking funds” to pay debts coming due.
Two men charged in Saunders murder case
TWO men were remanded in custody yesterday accused of murdering former FNM MP Donald Saunders during a bar robbery last month.
GBPA: $200m in taxes far exceed Gov’t outlay
THE Grand Bahama Port Authority (GBPA) yesterday blasted the Government’s huge payment demand as ill-founded by arguing that the $200m tax revenues earned by the latter far exceed what it invests in Freeport.
