Latest stories

Cable in $169m refinance amid return to profitability

Cable Bahamas yesterday unveiled plans to refinance $169m in preference share debt, and slash annual interest payments by $500,000, after generating its first quarterly net profit for several years.

Sands beer’s tax advantage threatened in Budget reform

Budget reforms designed to brew “a level playing field” among Bahamian beer manufacturers are threatening to cost one Grand Bahama producer the tax advantage it has long enjoyed over its BISX-listed rival.

‘Fantastic’ food tariff cuts won’t fully offset inflation

The Budget’s tariff cuts “can’t compensate” fully for the 20 percent increase in food prices since late 2021, Super Value’s principal said yesterday, although they may cover “half of what was lost” by the return of breadbasket VAT.

March air arrivals near to 75% of pre-COVID

Tourist arrivals to The Bahamas increased almost ten-fold in March 2022 compared to the prior year aided by the continued easing of COVID-related border restrictions and a rebound in global travel, it was revealed yesterday.

Ex-BACO president in ‘non-compete’ dispute

A past Bahamas Association of Compliance Officers (BACO) president was yesterday said to be free to “engage in her profession” after a Florida appeals court refused to extend a non-compete injunction relating to a two-year legal battle.

Warning over COVID phone scam

HEALTH officials last night warned the public to be on their guard against a COVID phone scam that tries to extort money from families.

‘Major boost’ ahead for GB

DONNA Laing-Jones, Partner & Broker, Keys Bahamas Realty, Ltd, believes there will be a major boost in the real estate market on Grand Bahama where two major investments are ready to take off.

Police confiscate Lincoln Bain’s rifle

POLICE investigating outspoken politician Lincoln Bain have retained two firearms after he was questioned over a video showing him brandishing a rifle.

‘Liveable wage’ is union’s ambition

BAHAMAS Public Service Union president Kimsley Ferguson says the union hopes to meet with government officials “in the next week or so” to discuss the proposed minimum wage increase, saying the proposal “is not much of a difference” from workers’ current wage.

‘Did Brave really need to make all the trips?’

OPPOSITION Leader Michael Pintard last night questioned the number of official overseas visits the Prime Minister has made since taking office.

DOMES FOR RENT: Emergency homes in Abaco have been secretly rented out

DISASTER Reconstruction Authority executive chairman Alex Storr said investigations launched on the dome project on Abaco, initiated by the previous government administration, found some residents were renting the temporary housing structures for monetary gain.

New union body’s ‘breath of fresh air’ targets more members

The Bahamas Taxi Cab Union’s (BTCU) president yesterday cited unspecified “political interference” as the reason for why it has defected from the Trade Union Congress (TUC) and joined a new umbrella union body.

Forward, Upward, Onward...

Tourism Minister Chester Cooper rightly noted that there is fatigue regarding the stubborn persistence of COVID-19 that refuses to go away.

Vagrant denies stealing $60 in bag

A MAN was arraigned in Magistrate’s Court yesterday on charges of vagrancy and theft.

Seize the opportunity

As Prime Minister Philip Edward “Brave” Davis and his New Day Government thrive, flourish and grow abundantly, opportunities continue to pop up in favour of our country’s economy and by extension, the PLP government.