Gov’t earns just 36% of Nassau vehicle revenues
The Road Traffic Department may be collecting as little as 36 per cent of due vehicle licensing revenues on New Providence, with system breakdowns “too numerous” for the Government’s financial watchdog to detail.
Grand Lucayan facing closure without buyer
Freeport’s largest resort will be closed unless its current owner can find a buyer “within a reasonable period of time”, a move that would threaten hundreds of Bahamian jobs and deliver a major blow to its tourism economy.
PM confirms MSC talks to buy GBPA
Prime Minister Perry Christie yesterday confirmed that Mediterranean Shipping Company (MSC) is in talks to acquire the Grand Bahama Port Authority (GBPA), although the Government has not set any timeline for the existing owners to exit.
Developer’s 90 workers face ‘irreparable harm’
Blackbeard’s Cay and its 90-strong staff are threatened with “irreparable harm” as a result of its legal woes, which have already reduced cruise visitor numbers to the project.
FNM deputy gives Gov’t ‘benefit of doubt’ on deficit
The Opposition’s finance spokesman is “giving the Government the benefit of the doubt” over the widening $100 million gap to its 2015-2016 deficit target.
Project’s closure bar not extended
Environmental activists have pledged to intensify efforts to shut down the $12 million Blackbeard’s Cay project, after the injunction preventing this expired on Friday.
URCA fires back at Cable on regulatory approach
Regulators have thrown criticism of their approach back at Cable Bahamas, saying they receive “numerous complaints of anti-competitive behaviour” by the two major carriers.
Freedom of Information key to curing Gov’ts ‘ailments’
Key clauses in the Freedom of Information Bill need revamping, a non-profit group warning the legislation is vital to correcting “a massive number of serious government ailments”.
Corporate Bahamas urged to lead wellness ‘charge’
Corporate Bahamas has been urged to “step up and lead the charge” towards a wellness and fitness culture that could improve workplace productivity.
FNM dismisses Baha Mar ‘nationalisation’ proposal
The FNM’s deputy leader has dismissed calls by political rivals for the Government to set a date for Baha Mar’s ‘nationalisation’, warning it brought back memories of the Hotel Corporation’s woes.
Port: Freeport deal reached with Gov’t
The Grand Bahama Port Authority (GBPA) yesterday said it had reached agreement with the Government and key licensees on a deal to bring “ significant growth and job creation to Freeport”.
Verdict ‘derails’ PM’s Freeport policy move
The Prime Minister’s ambition of making an imminent announcement on Freeport’s future was yesterday “derailed” by the Supreme Court, which found the Government’s consultation process was “fundamentally flawed” and needed to be continued.
Port licensees not ‘public enemy No.1’
An elated QC yesterday urged the Government to finally recognise that the Grand Bahama Port Authority (GBPA) and its 3,500 licensees were not “public enemy number one”, and that they shared the same objective: Freeport’s success.
Referendum outcome’s ‘brain drain’ impact
The upcoming constitutional referendum’s outcome could have far-reaching consequences for the Bahamian economy and its ability to reverse the “brain drain”, a senior private sector executive warned yesterday.
Court adjourns action on $192m Baha Mar claim
The Supreme Court yesterday adjourned until May 27 the bid by Baha Mar’s original developer to wrest control of the $192 million legal claim against the project’s contractor from the receivers.
