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Bahamas and TCI establishing maritime boundaries split ‘down the middle’
FOREIGN Affairs Minister Fred Mitchell said The Bahamas has recommended that the maritime boundary between this country and the Turks and Caicos be split in the middle of the two nations.
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Fred to investors: 'Pay your fair share or look elsewhere'
The Progressive Liberal Party's (PLP) chairman has demanded that foreign investors "pay your fair share or look elsewhere" in response to push back over the Government's various new tax and revenue-raising measures.
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CRUISE LINE PLAN FOR GB REVEALED: Xanadu hotel acquisition part of Royal Caribbean goal to transform harbour
Royal Caribbean Cruise Lines is eyeing the potential acquisition of Freeport's long-closed Xanadu Beach Hotel as part of plans to develop a resort and water park destination, it can be revealed.
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RODERICK A SIMMS: Freeport’s revival map with or without GBPA
The residents of Grand Bahama have become very weary when it comes to the prevailing economic conditions on their island. As the prolonged economic downturn persists, many have directed their frustration towards the Grand Bahama Port Authority (GBPA), seeking to hold it accountable for the lack of progress.
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Cat Island 'going to get whole hog'
Government officials yesterday pledged that Cat Island is "going to get the whole hog" when it comes to airport, roads and utilities upgrades and investments.
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Terrence Jones in NCAA 200m final
AFTER missing out on the opportunity to advance in the men's 100 metres, Terrence Jones made sure he secured his berth into the final of the 200m at the National Collegiate Athletic Association (NCAA) Outdoor Championships.
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Businesses awaiting Budget with 'anxiety'
Bahamian business owners yesterday admitted to feeling "some anxiety" over today's Budget as the Davis administration was urged to prioritise ease of doing business reforms to generate faster economic growth.
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Marina chief: Fee rise now 'makes way more sense'
A former Association of The Bahamas Marinas (ABM) president yesterday argued the Government could have allayed fears over major hikes in yacht and boat registration fees if its Budget messaging was better.
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'Can't tax Bahamas into better health'
Caribbean Bottling Company's top executive yesterday warned "you cannot tax a country into good health" amid private sector fears that a so-called 'sugar tax' will be a “poison pill” for small business.
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BPL chief: ‘Under recovery’ behind soaring energy bills
Bahamas Power & Light's (BPL) chief executive yesterday confirmed that soaring energy bills have resulted from previous policy decisions to hold the utility's fuel charge at an artificially-low 10.5 cents per kilowatt hour (KWh).
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'Far from the truth': RBC not exiting The Bahamas
A senior Royal Bank of Canada (RBC) executive yesterday denied that its reduced branch network is "a pathway to exit The Bahamas", saying: "This is far from the truth."
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Funeral homes: Regulation requiring ‘proper structure’
Bahamian funeral homes yesterday said the Government's plans to introduce a regulatory framework for the industry must create "a proper structure" that only permits persons with the required qualifications to practice.
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Central Bank's $9m HQ hit 'wasteful and absurd'
The Opposition's finance spokesman yesterday slammed the decision to cancel the Central Bank's new headquarters project as "absurd", arguing it was "an ideal project" for providing a post-COVID economic boost.
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20% of Gov'ts fixed costs go to debt bill
One out of every $5 spent by the Government on its recurrent costs during the upcoming 2023-2024 fiscal year will go towards paying the $612.726m interest bill on its outstanding $11bn-plus national debt.
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FTX: $7.7bn owed to Bahamas ‘misleading’
A key financial adviser to FTX's US chief yesterday disputed as "misleading" assertions that some $7.7bn is currently owed to the failed crypto exchange's Bahamian subsidiary.
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DIESEL SALES HALT TO LAST UNTIL MARGIN RESOLUTION: However, sites owned by FOCOL continue to make fuel available
Bahamian petroleum retailers have "no intent to disenfranchise the motoring public", their president asserted yesterday, as he warned that the halt to diesel sales will "go on until such time" as their plight is resolved.
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Poor utilities spark bad tourist reviews
A Family Island hotelier says poor utility services have resulted in negative guest reviews of their Bahamian vacation experience.
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Grand Bahama water regime enacted before rate rise disclosure
Grand Bahama businesses and residents yesterday said it was "amazing" that the island's new water regulatory regime appeared to have been implemented almost two weeks before they were warned of imminent rate hikes.
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Air traffic optimistic on industrial deal signing
Bahamian air traffic controllers say they will be signing an industrial agreement shortly after major issues in the contract negotiations were resolved.
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A new giant
ActivTrades
The chip company, Nvidia, is benefiting massively from the boom in artificial intelligence (AI). The boom in AI gives the chip and graphics card manufacturer a boom in orders. The technology heavyweight's stock rose by almost 30 percent on Thursday last week. Nvidia trumps Apple's previous daily record on Wall Street.
