Gov’t ‘comforts’ energy reform partners on BPL
The Government has issued a ‘comfort letter’ promising BISX-listed FOCOL Holdings and all renewable energy generation providers that itself and Bahamian taxpayers will step in if Bahamas Power & Light (BPL) is unable to meet its financial obligations to them.
Gov’t defies Opposition on $265m bond proceeds
The Government has ignored Opposition protests by injecting the majority of $300m in surplus bond proceeds into the National Investment Fund with its direct debt having now breached the $12bn threshold.
Gov’t digital chief says its critical to build trust
The Government’s parliamentary secretary responsible for digital development yesterday said it was critical to improve trust in technology with Bahamians concerned about switching from manual voter registration to a biometric voter identification card.
Online child protection plans targeted for Cabinet approval
The Government’s cyber response team is is drafting a Child Online Protection Strategy that it hopes to have approved by Cabinet this year.
Casino developer’s ‘win-win’ Governor’s Harbour pledge
A US gaming developer yesterday pledged his proposed Governor’s Harbour project, featuring plans for a mega yacht marina and “boutique” casino, will be a “win-win development” for central Eleuthera and involve the local community at every stage.
Governor’s Harbour plan is model ‘that’s never worked’
An ex-Bahamas National Trust (BNT) executive director yesterday argued that a seemingly large-scale investment project targeted at Eleuthera’s Governor’s Harbour, and featuring proposed mega yacht and “boutique” casino facilities, is employing a development model that has “never worked in the Family Islands”.
Gov’ts Bazaar move driven by 20-year ‘vesting’ woes
A Cabinet minister yesterday said the Government has little choice but to acquire Freeport’s International Bazaar by compulsory acquisition because it would otherwise have to wait 20 years for ownership to be “fully vested” in it.
Planning Institute Bill put beyond February
The National Development Planning Institute Bill is unlikely to meet its original end-of-February completion deadline as officials work to strengthen the legislation following public consultation.
279 Grand Lucayan staff to be let go next week
THE government plans to complete the termination of all 279 Grand Lucayan staff by next week February 27, it has been revealed, as efforts to complete the resort’s $120m sale to Concord Wilshire head into what is likely to be the final stages.
KEITH ROYE II: Use digital technology and take Bahamas to the world
In The Bahamas, we often speak about tourism as if it is something that simply arrives on our shores.
Rosewood Exuma opponents ramp up for next consultation
Opponents of the proposed $200m Rosewood Exuma project are ramping up efforts to mobilise support ahead of Friday’s second Town Planning Committee consultation on its revised application for preliminary site plan approval.
Pintard hits at PM over energy reform disclosure
The Opposition’s leader yesterday attacked Prime Minister Philip Davis KC over the undisclosed New Providence energy grid outsourcing agreement with Bahamas Grid Company and its operating partner, Pike Electrical.
Gov’t forces Bazaar sale even with most owners agreeing deal
The Government has moved to compulsorily purchase Freeport’s International Bazaar property despite the majority of its 13 owners having already agreed to the sales price and terms sought by the Davis administration.
Realtor eyes 10-15% growth after ‘inundated’ 2026 start
A Bahamian realtor is forecasting up to a 10-15 percent increase in business for 2026 if the market maintains early-year momentum that has resulted in his firm being “inundated” with calls and inquiries from wealthy international buyers.
Ex-New Providence landfill chief now wanted by police
The operations consultant who played a pivotal role in transforming the New Providence landfill following its outsourcing to private sector management in 2019 is being sought by the Royal Bahamas Police Force over allegations of stealing.
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