Minister: National Investment Fund’s governance still a work-in-progress
A CABINET minister yesterday conceded that governance structures have yet to be fully implemented for a National Investment Fund that to-date has spent almost $311m of public money.
Opposition voices $311m‘off books’ spend concern
THE OPPOSITION yesterday challenged if the $311m spent from the National Investment Fund represents “off-the-books capital expenditure” structured so as not to blow the Government’s Budget surplus in the election run-up as a Cabinet minister asserted it had followed the law.
GB water supplier: Hikes to cover $1m revenue gap
THE “AVERAGE” 30 percent water rate increases facing Grand Bahama businesses and households are designed to plug an estimated $1m revenue shortfall and help finance its supplier’s proposed $9.5m capital investment plan over five years.
‘Every cent accounted for: Ex-CARIFTA head blasts watchdog over ‘conflict of interest’
THE CHIEF executive for the 50th CARIFTA Games yesterday blasted “every penny was accounted for right down to the last five cents” as he hit back at “transparency, value for money” and other woes raised by Parliament’s spending watchdog over the $500,000 advance he gave.
Finance Minister: Cost of royal visit is still being worked out
THE government still does not know how much taxpayers will spend on King Charles III and Queen Camilla’s visit to The Bahamas next month, with Finance Minister Michael Halkitis saying agencies are still working out the costs.
Pintard demands answers over more than $400m
OPPOSITION leader Michael Pintard yesterday demanded an accounting of more than $400m of roughly $700m the government said it transferred to the National Investment Fund, saying Finance Minister Michael Halkitis explained only about $310.9m in spending when he addressed Parliament.
Baha Mar offers 16 weeks of fully paid parental leave
BAHA Mar will give eligible full-time employees 16 weeks of fully paid parental leave after the birth or adoption of a child, a benefit that far exceeds both existing Bahamian law and the two weeks of paid paternity leave currently proposed as part of the government’s national labour reforms.
Halkitis: Govt broke no laws
THE Davis administration broke no law when it began spending hundreds of millions of dollars through the National Investment Fund before its board ever convened, Finance Minister Michael Halkitis insisted yesterday, even as he acknowledged that key governance arrangements for the fund remain unfinished.
Minister touts Bahamas’ energy reform progress
A Cabinet minister yesterday promoted The Bahamas’ energy reforms at the region’s 10th Annual Caribbean Infrastructure Forum (CARIF).
CARIFTA Games oversight ‘deficient from its inception’
PARLIAMENT’S spending watchdog yesterday said the governance framework for the 50th CARIFTA Games was “deficient from its inception” with organisers beset by “uncertainty” over who was responsible for key decisions.
DEIDRE BASTIAN: Managers who ‘enable’ bad behaviour pose great threat
In contemporary business, leadership styles vary widely, but one of the most under-estimated risks stems from managers who “enable” employees without accountability.
Minister in reassurance on Companies Registry delays
A Cabinet minister yesterday reassured Brazilian intermediaries and financial services practitioners that delays and bottlenecks at the Registrar General’s companies department are now being addressed.
Package Out Island projects to attract private investment
A Cabinet minister yesterday said The Bahamas is packaging infrastructure projects across multiple Family Islands to make them more attractive to private investors and thus raise the necessary financing.
$200m Exuma project appeal ‘not a war zone’
THE WARRING parties battling over the $200m Rosewood Exuma project yesterday clashed over procedures and witness evidence amid constant interruptions during yesterday’s appeal seeking to overturn the development’s preliminary site plan approval.
Bahamian tourism official wins infrastructure award
Dr Kenneth Romer, The Bahamas’ deputy tourism director-general and director of aviation, was this week presented with the 2025-2026 Infrastructure Leadership MVP Award at a regional conference.
Op-Ed: Govt accountability demands answers, not empty promises
"Knowledge will forever govern ignorance: And a people who mean to be their own Governors, must arm themselves with the power which knowledge gives."
Court orders psyc-eval for man accused of damaging kiosk
A MAN accused of damaging an Island Luck kiosk last month was remanded to prison for a psychological evaluation after displaying erratic behaviour and incoherent speech in court.
Atlantis ‘not on market’ following record 2026
ATLANTIS’ top executive yesterday asserted that the Paradise Island mega resort is “not on the market right now” as it targets “a very strong” year-end and 2027 performance following “another record year”.
