$250m resort project to start by year-end
The developers of Grand Bahama’s $250m Six Senses resort have announced that project construction will begin before year-end 2024 as they target a 2026 opening.
Bus drivers warn: ‘We may be next protesters’
Jitney drivers yesterday warned they may stage a protest of their own following the margin increase granted to petroleum retailers unless public transportation companies receive similar financial relief.
Baha Mar sees ‘softening’ bookings over short-term
Baha Mar is experiencing a “softening” in bookings with figures “slightly below” last year’s record-breaking numbers heading into the slower fall season, its top executive revealed yesterday.
Bahamas ‘vulnerable’ on shortage of tax expertise
The Attorney General yesterday warned that the failure to develop sufficient Bahamian professional expertise on tax matters has left this nation’s financial services industry “vulnerable’.
Bridge Authority expansion may cover every bridge in country
A NEW amendment bill passed in Parliament yesterday will provide the framework for every bridge in the country to be constructed, managed and maintained by the Bridge Authority.
Pitch contest offers cash help for winners
The Tourism Development Corporation held a press conference yesterday for phase II of the 50/50 Venture Pitch Competition for small and micro-sized businesses which will award participants from Abaco and Bimini with monetary funds to aid in their start-up businesses.
Bahamian Brewery in Trinidad lager launch
A Trinidad & Tobago lager held its formal Bahamas launch on Saturday, August 31, at Waterloo on East Bay Street.
New Cost Right store to be ‘members only club’
AML Foods yesterday confirmed that its new 55,000 square foot Cost Right Warehouse Club, next door to the newly-remodelled Solomon’s Old Trail store, is set to open this November.
Yacht charter VAT woe ‘definitely news to me’
A senior tax official yesterday said complaints that visiting yachts are struggling to pay VAT on charter contracts is “definitely news to me”.
Cruise chief: Multiple ‘wins’ from 60MW shore power
Nassau Cruise Port’s top executive yesterday asserted that the project to supply cruise vessels with 60 mega watts (MW) of shore power will generate multiple economic “wins” for The Bahamas.
Margin ‘breathing room’ for 75% of dealers owing taxes
More than three-quarters of Bahamian petroleum retailers have gained sufficient “breathing room” from upcoming margin increases to settle their unpaid taxes, it was revealed yesterday.
Opposition attacks $203m ‘sinking funds’ draw down
The Opposition’s finance spokesman yesterday voiced concern that the Government used $203m set aside to cover future maturing foreign bonds to repay its “debt obligations” in the last fiscal year.
Sir Franklyn: Oil majors to seek own margin rise
FOCOL Holdings chairman last night signalled that the three oil majors will likely now push to increase their own gasoline and diesel margins “that have not changed in decades”.
$200m project ‘renews’ PI and creates 300 jobs
Hurricane Hole’s developer yesterday estimated its near-$200m investment to-date has likely created “around 300 jobs” while helping to renew Paradise Island’s attraction as a residential location.
Marinas set to join Parliament fuel protest on ‘viability threat’
Bahamian marinas yesterday said they will join tomorrow’s Parliament protest by petroleum retailers as the fuel industry’s price-controlled model is threatening “the viability of our sector”.
