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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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DPM: Royal Caribbean being held to same standard as Atlantis, Baha Mar
The DEPUTY Prime Minister yesterday reiterated that Royal Caribbean's proposed $110m Paradise Island project must meet the same environmental standards as those imposed on Atlantis and Baha Mar.
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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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'Put money where mouth is' on Abaco's port woes
The Government was yesterday urged to "put your money where your mouth is" and finally address Abaco's port woes, with frustrated residents asserting: "They need to quit promising and start doing."
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Cable 'accelerates' fibre due to Elon Musk threat
Cable Bahamas is "accelerating" the roll-out of its fibre-to-the-home network infrastructure in response to the competitive "threat" posed by Elon Musk's Starlink, its chief executive 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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Atlantis probe can’t be ‘a fishing expedition’
A trade union leader yesterday warned the Government that it must have "a legitimate basis" for its Atlantis labour probe and said: "It cannot be a fishing expedition."
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'Jobs, jobs and more jobs': Staff sought for 700 posts
The British Colonial resort will hire up to 400 staff before it fully re-opens this December, the Government's labour chief revealed yesterday, adding: "The majority of Bahamians who want a job can find one."
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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.
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Target cruising's top 10% for 'awesome' conversion
Nassau Cruise Port's top executive yesterday said The Bahamas must target the "top 10 percent" of cruise visitors with a compelling "value proposition" to realise a "huge" stopover conversion opportunity.
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Pineapple revival 'not as easy as throwing $2.5m'
A Bahamian pineapple farmer yesterday warned that the Governments ambitions to revive this agricultural niche will "not be as simple as just throwing $2.5m at it".
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DPM urges Atlantis: 'Put money where mouth is'
The Deputy Prime Minister yesterday invited Atlantis to “put their money where their mouths are" and team with the Tourism Development Corporation to help drive downtown Nassau's revival.
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Privy Council upholds citizenship ruling
THE Privy Council affirmed Chief Justice Ian Winder’s landmark citizenship ruling on Thursday, declaring that children born out of wedlock to Bahamian men are citizens at birth regardless of their mother’s nationality.
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PM's GBPA warning leaves investors 'hanging out there'
Private sector executives yesterday voiced concern that the Prime Minister's "decisive action" warning to the Grand Bahama Port Authority (GBPA) and its principals will deter potential investment in Freeport.
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Gov't considers plan for Melia reopening
The Deputy Prime Minister yesterday said plans to re-open Cable Beach's Melia Nassau Beach Hotel are being “favourably considered” by the Government and an announcement on the property's future will be made in due course.
