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Disney to beat local worker pledge by 30% at new port
Disney Cruise Line executives yesterday said they will exceed the number of full-time Bahamian jobs they pledged to create at their new south Eleuthera destination by 30 percent.
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IDB warns Bahamas over due $900m external loans
The Bahamas still faces significant financing risks given that it is due to repay $900m in foreign currency loan principal over the next two years, a multilateral lender has warned.
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Taysha Stubbs and Dior-Rae Scott commit to University of Nebraska
THE Bahamas’ top junior javelin throwers Dior-Rae Scott and Taysha Stubbs will soon embark on a new journey at the collegiate level with University of Nebraska Cornhuskers. The dynamic duo officially announced their commitment to the Cornhuskers yesterday.
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Bushfire claim is not accurate
All Coral Harbour residents, including some Ministers, who he could have consulted and long-time residents will vouch year in year out the pine forest along the Coral Harbour Road catches afire
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BUDGET COMMUNICATION 2024/2025: Key Budget measures
As he outlined key budget measures, Mr Davis underscored the 2024/2025 Budget has no new taxes, with some adjustments made to fees on government services where the cost of providing that service has increased.
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Don’t ‘tax your way to success’, Gov’t urged
Businesses yesterday urged the Government not to “tax their way to success” in tomorrow’s 2024-2025 Budget, arguing: “There’s only so much you can wring out of a stone.”
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Long-term Gov’t paper recovery two years out - but no bad thing
Demand for long-term Bahamas government debt is unlikely to recover until after a 2026 general election but that is not necessarily a bad outcome, a senior banker predicted yesterday.
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Gov’t may give up ‘bit’ of taxes for gas margin rise
The Bahamas Petroleum Retailers Association’s (BPRA) vice-president yesterday revealed the Government may give up “a bit” of its gasoline tax revenues to facilitate a margin increase for dealers.
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SIR RONALD SANDERS: From COP to courtroom: ITLOS sets new precedents for climate accountability
ON May 21, 2024, the International Tribunal for the Law of the Sea (ITLOS) delivered its Advisory Opinion on climate change and international law, in a case led by two courageous leaders of Small Island States, Prime Minister Gaston Browne of Antigua and Barbuda and former Prime Minister Kausea Natano of Tuvalu.
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Optimism over plans for renewable energy
STAKEHOLDERS in the renewable energy sector are cautiously optimistic about the government’s plans to move towards cleaner fuels for power generation, particularly solar, as Attorney General Ryan Pinder revealed earlier this month they are reviewing requests for proposals (RFP) for solar panel projects on the family islands.
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Govt hopeful for compromise with fuel retailers
ECONOMIC Affairs Minister Michael Halkitis said officials are hopeful they will be able to announce a solution or compromise with fuel retailers over the next few weeks.
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Budget must ‘move needle’ on creditworthiness, growth
The upcoming Budget must focus on “moving the needle” on The Bahamas’ access to affordable foreign currency financing and higher economic growth, a governance specialist urged yesterday.
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DEPP chief: CEC permit needed ‘no matter what’
The Government’s top environmental official yesterday said a key approval is required “no matter what” amid fears this will “roadblock” $24m worth of Hope Town construction projects.
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Minister ‘cautiously optimistic’ over $900m carbon credits
A Cabinet minister yesterday said the Government is “cautiously optimistic” that The Bahamas could earn $900m per year from monetising its seagrass and mangrove carbon sinks.
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Minnis snubbed by his former Cabinet
FORMER Prime Minister Dr Hubert Minnis has little public support from the people he led in Cabinet ahead of the FNM’s one-day convention next month, with most people he appointed to executive roles telling The Tribune they support Michael Pintard for leader.
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Gov’t sticks to fiscal target as $215m FDI beats pre-COVID
The Government says foreign direct investment (FDI) inflows are now “substantially” above pre-COVID trends at $215m while sticking to its original target of slashing this year’s fiscal deficit by 75 percent.
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Five-star Banyan Tree in Bimini project’s revival
A five-star resort brand will manage the hotel and rental programme for a multi-million dollar development targeted at Bimini, it was revealed yesterday.
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AI chatbot will ‘recall’ everything you do on a PC
Microsoft wants laptop users to get so comfortable with its artificial intelligence chatbot that it will remember everything you’re doing on your computer and help figure out what you want to do next.
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Major Jr withdraws from Davis Cup team
One day after earning his way on the Davis Cup team at the final trials over the weekend, veteran Kevin ‘KJ’ Major Jr has decided to withdraw his spot for several reasons.
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Resort saw decline after crime advisories says Baha Mar chief
BAHA MAR president Graeme Davis said his resort saw a decline in guests after a US travel advisory in January but has experienced growth overall compared to last year.
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