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FNM chief: Ensure GB still perceived as 'fertile ground'
The Opposition's leader yesterday called on the Government to urgently dispel any notion that PharmaChem Technologies' "devastating closure" was caused by local ease of doing business impediments.
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Deficit's 75% cut hinges on $400m revenue surge
The Ministry of Finance's top official yesterday asserted he is "very confident" the Government will increase revenues by $400m year-over-year, and slash its fiscal deficit by 75 percent, in the absence of new and/or increased taxes.
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FTX Bahamas liquidators not 'nuked' from reversal
The Bahamas' status as a non-nuclear power did not influence the decision to refuse FTX's local liquidators relief from the worldwide asset freeze imposed by Chapter 11 bankruptcy proceedings, a Delaware judge has asserted.
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NIB rate increase called 'absolute balancing act'
A senior hotelier yesterday urged the Government to be "judicious" with the size of future National Insurance Board (NIB) contribution rate increases as he described the situation as "an absolute balancing act".
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RF fund's $120m excess is 'good problem to have'
A Bahamian investment bank says its largest mutual fund is receiving investor subscriptions as fast as it can invest them, branding the situation as "a good problem to have".
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Bahamas ‘tops’ 5m visitors to end-June
The Ministry of Tourism's top official yesterday disclosed that visitor arrivals breached the five million mark for the 2023 half-year although higher-yielding stopovers and air arrivals remained slightly down on 2019's "banner year".
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Cruise port leases Kelly's dock for ground transport
Nassau Cruise Port's (NCP) chief executive says the new taxi call-up system will have a dedicated sales desk and better organisation for visitors seeking transportation following Friday's opening.
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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.
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Tie 'pieces of puzzle' for better corruption ratings
The Bahamas was yesterday urged to "tie together" all the initiatives it has undertaken to combat graft after it maintained its 30th spot in Transparency International's corruption perceptions index.
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Campaign opposes $100m Goodman's Bay penthouses
OPPONENTS of a proposed $100m, 14-storey Goodman's Bay penthouse complex have launched the ‘Say No to Wynn’ campaign in a bid to rally public support against approving the project.
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Ex-MP denies BPL protest is 'political'
A former FNM MP for North Andros yesterday denied that Wednesday's protest over Bahamas Power & Light's (BPL) woes was political, asserting: "I live here too."
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Gov't ready to guarantee Nassau's $290m hospital
The Government is prepared to guarantee the $290m financing for New Providence's new hospital, a Cabinet minister revealed yesterday, adding: "This is a worthwhile investment for the Bahamian people."
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$6m 'breathing room' no long-term gas solution
Bahamian petroleum dealers yesterday argued that '"a short-term injection doesn't alleviate the problem" of fixed margins after a Cabinet minister disclosed the Government provided $6m in "relief" to the industry last year.
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'Hanging' no longer: PM affirms NIB rate increase
Private sector executives last night voiced relief that The Bahamas is no longer "hanging on this thing" after the Prime Minister confirmed a National Insurance Board (NIB) contribution rate increase will be implemented on July 1, 2024.
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Bahamas reputation 'whole' despite SBF guilty verdict
The Prime Minister's press secretary has maintained that The Bahamas' financial services reputation remains intact after FTX's founder was last week found guilty of defrauding clients of up to $10bn.
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Revamped British Colonial to be ‘incredible property’
The revamped British Colonial resort will "be an incredible property" that no longer operates under a recognised flag or brand, it was disclosed yesterday.
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'Phenomenal': Carnival's extra $100m to drive 5.5m GB cruise tourism surge
Carnival's extra $100m investment to double the volume of ships its new port can handle will lead a cruise-driven 5.5m visitor surge to Grand Bahama in 2028, it was revealed yesterday.
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Architects' chief 'can't let go' Building Control fight
The Institute of Bahamian Architects (IBA) president says his legal battle with Building Control "can't be let go" for the profession's greater good after he was refused permission to appeal to the Privy Council.
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Insurers 'over reacting' on 50% investment 'minimum'
The Ministry of Finance's top official yesterday said insurers are "over reacting" to the consultation on holding a "minimum" 50 percent of their investments in government securities as he refuted fears it is "desperate for funds".
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Boating industry watches for VAT yacht charter ease
A former Association of Bahamas Marinas (ABM) president says the industry is "eagerly" waiting to see if the VAT on yacht charters is adjusted in today's Budget as he blamed its imposition for a 20 percent gross revenue fall at his business.
