Story
Compass Point restaurant to follow resort into closure
COMPASS Point’s restaurant will close at the end of July, its proprietor confirmed yesterday, following the previous shuttering of the resort.
Story
Ex-GBPA chair loses $82k claim strike out
A former Grand Bahama Port Authority (GBPA) chairman’s bid to be removed as a defendant in an $82,300 claim brought by three ex-employees of his insolvent BISX-listed company has been rejected by the Supreme Court.
Story
Bahamas must get youth for ‘leg up’ on Caribbean
The Bahamas was yesterday urged to start a youth movement so it can grow - for “generations to come” - a flats fishing industry likely to have expanded far beyond its $141m economic impact in 2010.
Story
Gov’t eyes double return on ‘harsh health realities’
The Government plans to solve “the harsh realities” of Family Island healthcare by doubling the number of new and renovated clinics that will be overhauled via $45.5m in development financing.
Story
Gov’t’s ‘Fintech festival’ aiming to attract 3,000
The Government is planning to stage an “international Fintech festival” that will attract 3,000 industry executives to The Bahamas early next year and further boost this country’s digital asset ambitions.
Story
Bahamas ‘telling the story’ to its investors
The Government is focused on “telling the story about The Bahamas” and its post-COVID recovery to ensure international investors and markets retain confidence in the country’s debt, a Cabinet minister said yesterday.
Story
New York makes 13 3-pointers in win over Jones and Sun
UNCASVILLE, Conn. (AP) — Stefanie Dolson scored 16 points, including one of New York’s 13 3-pointers with 1:29 left, and Sabrina Ionescu had 11 points, 11 rebounds and six assists to help the Liberty beat the Connecticut Sun 81-77 last night.
Story
‘Train’s left station’: MSC eyes cruise port’s owner
Nassau Cruise Port’s $300m transformation will not be disrupted by a shipping giant’s interest in acquiring its controlling shareholder, its chief executive asserted yesterday, adding: “That train left the station a long time ago.”
Story
Electricity cost rise ‘pretty dangerous’ for economy
Bahamian businesses yesterday warned any increase in electricity costs will be “pretty dangerous” for an economy still recovering from COVID-19’s devastation, although some said spiking global oil prices make such a hike “inevitable”.
Story
Gov’t drafting carbon credit exchange law
The Government is developing legislation to establish a carbon credit exchange in The Bahamas to further boost its ambitions to make this nation “a global centre” for the emerging industry.
Story
One-third of dormant taxi plates ‘rescued’
One-third of the 90 dormant taxi plate holders have paid-off arrears owed to the Government within 48 hours of being warned they would otherwise lose these assets.
Story
Over $1.2m provided to Andros farmers, fishing
The Small Business Development Centre (SBDC) says it has facilitated some $1.216m in financing for 57 farming and fishing entrepreneurs in Andros.
Story
'TREASURE SHARE MUST FAVOUR US': Govt seeks to secure ‘majority’ of riches found by explorers
A multi-million underwater explorer yesterday said it will cease treasure salvaging in Bahamian waters immediately if the Government's plans to take a "majority" share of the financial rewards prove unworkable.
Story
Real estate transition boost on VAT savings
Parties to real estate deals that are in process could enjoy tax savings worth five-figure sums if they close - and bring their documents forward for stamping - on or after July 1, it was revealed yesterday.
Story
Marinas seek charter clarity amid fear of 20% increase
Bahamian marinas are seeking clarity on whether the 10 percent VAT on foreign yacht charter contracts will be levied on pre-existing deals come July 1 amid fears this will be “a tough pill to swallow”.
Story
Ocean exploration boss - deal above board
A TREASURE hunter salvaging a wreck in The Bahamas yesterday branded National Security Minister Wayne Munroe’s recent comments as “inaccurate”, insisting that the process is “transparent”.
Story
Restaurant entrepreneur: Growth ‘blows our mind’
A New Providence restaurant entrepreneur yesterday said the company’s growth from a home-based business to an actual physical location despite the COVID-19 pandemic “blows our mind”.
Story
Jonquel Jones opens up on price of ‘coming out’
REIGNING WNBA MVP Jonquel Jones claims that her sexuality continues to hinder her marketability - citing a specific local case with one of the country’s leading telecommunications providers.
Story
‘Options limited’ over relief for gas dealers
The Ministry of Finance’s top official yesterday said the Government’s “options are limited” in providing the relief sought by petroleum retailers struggling with gross margins of 10 percent or less.
Story
ORG officials attend Summit of the Americas
LOCAL officials of the Organisation for Responsible Governance have attended the IX Summit of the Americas.
