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IDB warns Bahamas on rollover ‘difficulties’
The Bahamas has been warned it may “face difficulties to roll over existing debt” in the medium-term if market conditions do not improve with almost $900m in external foreign currency loans coming due in the next two years.
Raising ‘Freeport out of the ashes’
The Government and Grand Bahama Port Authority’s (GBPA) owners were yesterday warned the latter’s 3,000 licensees must “have a say” over any changes to its ownership and Freeport’s founding treaty.
Sands: It’s the wrong marijuana ‘gold mine’
The Free National Movement’s (FNM) chairman says the Government has delayed the “potential gold mine” of industrial hemp to focus on legalising a medical marijuana industry that is “unlikely to be a big economic boon”.
Settle $29m Exuma cays dispute ‘once and for all’
The ownership of two disputed Exuma cays, valued at a collective $29m, must be settled “once and for all”, a Bahamian attorney is urging.
Penalty for small amount of cannabis higher than other Caribbean countries
THE penalty for having a small amount of cannabis in The Bahamas would be higher than most countries in the Caribbean that have decriminalised the drug if the Davis administration’s proposed legislation becomes law.
Investigation into missing funds nears completion
DEPUTY Police Commissioner Leamond Deleveaux said police are 80 per cent complete with their investigation into funds allegedly misused during the small home repairs programme under the Minnis administration.
‘CANNABIS DRAFT BILL INADEQUATE’: Rastafarian community dissatisfied with location limit for religious use
THE Rastafarian community is not satisfied with the Davis administration’s proposal for legalising cannabis for religious purposes, calling the draft bills inadequate.
The Bahamas finishes third in the CARIFTA triathlon
THE host country finished third at the 2023 CARIFTA Triathlon and Aquathlon Championships this past weekend at Goodman’s Bay. The Bahamas accomplished a much better showing at home following last year’s fifth place finish in Bermuda. Barbados repeated as champions once again, earning a first place finish at the event.
Champions crowned at AID Clay Court Championships
THE 29th edition of the Automotive and Industrial Distributors (AID) Limited Clay Court Championships culminated after two weeks of competition at the Gym Tennis Club in Winton Meadows.
When companies succeed all Bahamians can prosper
In today's dynamic world, where opportunities and challenges intertwine, the success of companies goes beyond their bottom lines. When companies flourish, the effects ripple through every aspect of our lives, leading to improved living standards, enhanced government revenue and a cycle of progress that benefits all. Let us delve into how economic growth transforms the landscape of The Bahamas, and how money flows through companies to create a harmonious circle of prosperity.
Pharmacist concerns over medical marijuana licences
Concerns have been voiced that persons and companies lacking pharmaceutical and medical qualifications can obtain licences to operate marijuana dispensaries under the Government's proposed regulatory regime.
Taxi union chief wants 'hustlers at dock' end
The taxi union's president says the industry is seeking to shed its "hustlers at the dock" image after several drivers protested over the Nassau Cruise Port's new call-up system and police efforts to enforce it.
Officials 'working to tear down barriers against women with disabilities'
SOCIAL Services Minister Obie Wilchcombe said officials are working to tear down barriers against women with disabilities.
ERIC WIBERG: Historic plane falls short of ambitious goal in Exuma
IN 1930, two significant historical aircraft, one with a life-long crippled man as radio operator, the other with a single-handing Australian aviatrix, crashed in The Bahamas, in Andros and Exuma.
As dengue fever cases rise officials warn of increased risk to those previously infected
HEALTH officials said people knowingly or unknowingly infected with dengue fever during an outbreak in 2011 are at risk of serious illness if they get infected this year because of the type of virus confirmed to be in New Providence.
IDB: $856m strategy for Bahamas ‘too ambitious’
The Inter-American Development Bank (IDB) has admitted its last country strategy for The Bahamas was “overly ambitious and unrealistic” despite approvals for over five times’ the originally-forecast level of financing.
Bran: ‘Let’s get on with’ medical marijuana plan
A former DNA leader, who made medical marijuana and its legalisation a core campaign issue in the 2017 general election, yesterday said Bahamian ownership stipulations “sound reasonable” and urged: “Let’s get on with it.”
GBPA threats ‘bad judgment’ by PM
The Opposition’s leader yesterday accused the Prime Minister of “exercising very bad judgment” by appearing to threaten that the Government will “wrest away control of the Grand Bahama Port Authority” (GBPA) from its owners.
Mitchell blasts GBPA’s $64m tax break ‘subsidy’
A Cabinet minister yesterday argued the Grand Bahama Port Authority (GBPA) gained a $64m “subsidy” from just one tax break amid private sector warnings that “there’s no other way” but for the two warring parties to collaborate.
Volunteer Society Act passed into law
After successful readings in the House of Assembly and the Senate, Governor General CA Smith saw the Governor-General’s Volunteer Society Act 2023 codified into law on August 11.
