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Vacation homes, retail driving Andros growth
The Andros Chamber of Commerce president says the island experienced “significant growth” in 2021 with vacation homes and the retail sector leading the way.
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.
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.
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.
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.
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.
‘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.”
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”.
FIBA Centrobasket: Bahamas gets 79-59 win over Turks and Caicos Islands
After a trio of lopsided losses to open the tournament, Team Bahamas responded with a pair of wins to conclude the group stage at the FIBA Under-15 Centrobasket Championships for boys. Team Bahamas defeated The Turks and Caicos Islands 79-59 yesterday at the Fernando ‘Rube’ Hernandez Coliseo in Gurabo, Puerto Rico.
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.
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.
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.
'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.
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.
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”.
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”.
FIFA U-15 CentroBasket: Two defeats for Bahamas
THE Bahamas’ team at the FIFA Under-15 CentroBasket Championships got a rude awakening in the first two games they played over the weekend at the Fernando ‘Rube’ Hernandez Coliseo in Gurabo, Puerto Rico.
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”.
Crowdfunder aiming to be ‘next Bamboo Shack’
A Bahamian restaurant entrepreneur yesterday unveiled ambitions to become “the next Bamboo Shack” after raising almost one-third of his minimum $320,000 capital target within the first ten days.
Warriors are NBA champions
BOSTON (AP) — The Golden State Warriors are NBA champions once again, topping the Boston Celtics 103-90 last night for their fourth title in the last eight seasons.
