Minnis: Corruption, crime costing Bahamas $1.5bn
A former prime minister yesterday asserted that corruption and crime cost the Bahamian economy around $1.5bn per year.
39,000 yet to file Business Licence with 48 hours left
The Bahamian tax authorities yesterday said they are “ahead of the game” even though 39,000 firms - more than half of anticipated filers - have yet to submit Business Licence returns just 48 hours prior to deadline.
Treasure hunter’s ‘trade secrets’ with Gov’t under rogue contractor control
A treasure hunter’s “trade secrets” - including dealings with the Bahamian government over artifacts from a multi-billion dollar wreck - are under the control of a rogue contractor with an alleged 30-year criminal history.
‘Apply lessons’ from 2024’s Business Licence struggle
Accountants yesterday urged the tax authorities to keep “the door fully open” for companies seeking to meet filing deadlines while urging the private sector to “apply lessons” from last year’s Business Licence woe.
Pintard challenges awarding of hundreds of millions in contracts
The Opposition’s leader yesterday challenged the Government over what he asserted was the award of several hundred million dollars in contracts issued without competitive bidding.
Commission’s $221.6m FTX claim to now drop below other creditors
The Supreme Court yesterday approved the Securities Commission’s bid to relegate its $221.55m claim against FTX behind those of the insolvent crypto exchange’s clients and other victims.
New Providence home market is ‘ramping up’
New Providence’s property market is “ramping up”, a prominent realtor asserted yesterday, with contracted home sales having beaten prior year comparisons in every quarter during 2024.
Super Value chief urges Gov’t: Clarify ‘middleman elimination’
Super Value’s owner and other food retailers yesterday urged the Government to clarify what the Prime Minister means by “eliminating the middle man”, as he asserted: “We’ve been ahead of them for years.”
Exuma developer threatens pull-out over nearby resort project
An Exuma resort developer yesterday warned he is prepared to halt his $75m project and pull-out if a neighbouring development is allowed to proceed without resolving environmental concerns.
Eco-resort targets $1m per month spend through 2025
An Exuma eco-resort project yesterday revealed it plans to invest $1m per month throughout 2025 in a bid to complete the first phase of its full $75m build-out by year-end.
Electronic visitor stay halt ‘just adds to pain’
The suspension of electronic processing for extended tourist stays in The Bahamas “just adds to the pain” for visiting boaters and local marinas, the Association of Bahamas Marinas (ABM) chief asserted yesterday.
Hemisphere-leading obesity’s threat to ‘bankrupt’ Bahamas
The Bahamas’ hemisphere-worst status on adult obesity threatens to “bankrupt this nation” and “wipe out its economy” unless the country “gets a grip”, a former health minister warned yesterday.
Jack’s Bay targets investors to gauge top financing option
An Eleuthera resort project is targeting select investors over a potential preference share investment as it takes market “soundings” to gauge the best option for financing its build-out.
Union chief challenges Customs overtime pay
A trade union president is challenging the explanation given by Bahamas Customs’ top official for why overtime and transportation payments due to officers have been delayed.
Cruise port targets 11% passenger rise to 6.2m
Nassau Cruise Port is targeting a further 600,000 passenger increase to 6.2m for the 2025 full-year, it was revealed yesterday, with visitor volumes for January to-date up 5 percent year-over-year.
