Carnival choosing vendors ‘outside of Grand Bahama’
A Grand Bahama business owner said Carnival Cruise Line’s Grand Bahama project is not providing adequate opportunities for local businesses.
Natural resource protection ‘started from ground zero’
A former Cabinet minister who oversaw enactment of the much-criticised natural resources regulatory regime has defended its objectives as noble, while asserting: “We were starting from ground zero.”
‘We all win’: BISX targets early 2025 for private listings launch
The Bahamas International Securities Exchange (BISX) will launch the first of three new capital markets “layers” in the 2025 first half, its chief executive disclosed yesterday, asserting: “Everybody wins.”
Gov’t agencies ‘defaulted’ on multi-million NIB debts
The National Insurance Board (NIB) has had to contend with two government agencies defaulting on multi-million dollar debts owed to it with one still delinquent at year-end 2022.
Space X landing ‘opens up space tourism for nation’
The deputy prime minister yesterdays said hosting the landing of a SpaceX rocket booster gives The Bahamas a platform to enter a space tourism sector expected to generate $14bn globally by 2030.
‘Due diligence done’ on Fox lease for Balmoral Island
Deputy Prime Minister Chester Cooper said the Davis administration “has done its due diligence” prior to leasing a portion of Balmoral Island to Adrian Fox for part of his proposed $300m resort project.
Bahamas graft improvement must match ‘story on street’
Governance reformers yesterday said The Bahamas’ improved ranking and score from Transparency International must match “the story on the street” for this nation to beat long-standing corruption concerns.
Tax-driven airline prices hit Bahamas’ advantage
A senior tourism executive yesterday asserted that high airline ticket prices have prevented The Bahamas from fully capitalising on its proximity to the US as its main tourism source market.
Investigations Bill ‘doesn’t fully address’ corruption’s causes
Governance reformers have asserted that legislation to create an Independent Investigations Commission “does not fully address” the root causes of corruption while whistleblower protections must be strengthened.
Bahamian firm suffers four supplier price hikes in year
Inflation and a “construction surge” have helped to expand The Bahamas’ now-$4.274bn annual trade deficit, it was argued yesterday, with one local firm suffering four prices increase from its supplier within a year.
Property declarations ‘just killed the ease of business’
A Bahamian financial services provider yesterday branded the demand to disclose all corporate clients’ real estate dealings by week’s end as “outrageous”, adding: “They have just killed ease of doing business.”
Record $4.2bn trade deficit is ‘no cause for alarm yet’
The Bahamas’ record annual $4.274bn trade deficit for 2024 is not something “to be alarmed about as yet”, a local economist told Tribune Business yesterday.
Pilots to challenge aviation test amid operator concerns
Bahamian pilots will today challenge a controversial aviation exam before the Supreme Court amid airline concerns that the test may impact operations and disrupt planned service expansion.
Tax chief: Property filing target ‘ain’t so hard cut’
Tax officials say the February 15 deadline to file details of all corporate real estate dealings “ain’t so hard cut” but there is unlikely to be “a blanket” extension for all of a registered office’s clients.
‘Do not let Sarkis weaponise Chapter 11 on Nassau hotels’
Baha Mar’s contractor is accusing Sarkis Izmirlian of seeking to “circumvent” the Bahamian courts by using its US Chapter 11 protection as a “springboard” to pursue the winding-up of its two Nassau hotels.
