Local Business

Young accountants reception

YOUNG accountants who recently completed their degree programme were welcomed into the profession by the …

Tease photo

Gov’t paying $39m to buy Harbourside from Doctors

The Government is paying $39m over a ten-year period to acquire the recently-completed Harbourside in-patient facility on East Bay Street from Doctors Hospital, it was revealed yesterday.

Tease photo

Rosewood Exuma opponent in legal challenge go-ahead

Opponents of the $200m Rosewood Exuma resort yesterday hailed the Supreme Court go-ahead for their bid to overturn the project’s environmental approvals on the basis that they were obtained via a “shifting series of plans”.

Insurers: Make sure NHIhas ‘necessary resources’

Bahamian health insurers yesterday urged the Government to ensure the National Health Insurance (NHI) overseer has the “necessary resources” to properly implement its newly-legislated mandate, adding: “As long as they’re ready, we’ll be ready.”

Tease photo

Grand Lucayan buyer awaiting building go-ahead in early 2026

The Grand Lucayan’s purchaser is expected to receive the necessary permits and approvals to proceed with construction activities during the 2026 first quarter, it was revealed yesterday.

Vacation rental crackdown set for launch in early 2026

The Department of Inland Revenue will launch a crackdown on non-compliant vacation rental properties early in 2026 as registration remains below its expectations, it was revealed yesterday.

Tourism market diversity key in challenging 2025

THE United Kingdom is “one of our most promising and steadily growing international markets this year”, the Nassau and Paradise Island Promotion Board’s chief executive said yesterday.

Just 157 firms collecting half gov’ts vat revenue

The Prime Minister yesterday said that just 157 companies were responsible for collecting more than half of the Government’s VAT revenues during the first eight months of 2025.

Tax chief: Power of sale is ‘absolute last resort’

The Department of Inland Revenue's top executive yesterday asserted it is using its ‘power of sale’ as an “absolute last resort” against real property tax deadbeats who have gone decades without paying taxes.

Downtown Nassau hotel names general manager

The Margaritaville Beach Resort Nassau has named Shyam Lalu as its new general manager.

Top airline activates its tie-up with Bahamasair

Bahamasair yesterday confirmed that a premier global airline has activated its interline partnership with the national flag carrier so that its passengers can enjoy improved connectivity to this country.