VAT food cut runs ‘counter’ to farm policy
The Government’s 50 percent VAT rate slash on imported unprepared foods will place Bahamian farmers at “a serious disadvantage” and is counter to its sector policy, an agricultural entrepreneur argued yesterday.
‘Caught in the crossfire’: GB Power hit by rate rise delay
Grand Bahama Power Company is suffering a “very real impact” from the delay in reviewing and approving its proposed new rate structure after getting “caught in the crossfire”, it was disclosed yesterday.
Summit at peak strength despite ‘negative’ outlook
A Bahamian insurer yesterday said it is targeting “non-catastrophe” business lines for growth in a bid to escape continued reinsurance pricing pressures that have impacted recent profits and operating results.
Anti-financial crime legal reforms ready pre-Budget
The Attorney General yesterday said legal reforms to assist with the next international evaluation of The Bahamas’ anti-crime defences will be tabled in Parliament before the May Budget unveiling.
Bahamas ‘a haven for finance crime'
THE US government is asserting that The Bahamas “lacks... political will” to fully crack down on financial crime with this nation representing a “low risk” haven for fraudsters and corrupt individuals.
Straw vendors ‘pray and hope’ over US tariff fight
Straw vendors were yesterday said to be bracing for a drop-off in visitor numbers and reduced tourism business due to the uncertainty created by US trade and economic policy.
Companies registry boost via April platform launch
The Attorney General yesterday said the companies registry will launch an integrated platform in April that will allow financial and corporate services providers to manage their businesses more efficiently.
AG reveals IP regulations set for roll-out next week
The Attorney General yesterday said regulations to accompany and enforce The Bahamas’ intellectual property rights reforms will be issued next week.
‘Build the economy’ through permanent residency reform
A prominent realtor is urging The Bahamas to reform permanent residency by launching a ‘Start-Up Visa’ programme as a tool that “builds the economy”.
Annual Bahamas inflation rate falls flat in December
The Bahamas’ annual inflation rate was flat in December 2024 to end a run of five consecutive months where it declined year-over-year, official data has disclosed.
More than 500 sign petition opposing $200m Rosewood
More than 500 persons are said to have signed a petition launched by a consultant to a rival resort project urging the Government to protect Exuma’s marine ecosystems from the $200m Rosewood development.
Baha Mar: RevPAR down through all Q1 with rates sacrificed
Baha Mar is sacrificing rates and yield to drive 2025 first quarter business volumes, its president revealed yesterday, with plans to “invest north of $38m” in upgrading and refreshing its product this year.
Capo accuses Genting of ‘cooking the books’
Resorts World Bimini’s original developer has doubled down on claims that its Genting partner “cooked the books” in such a way as to “effectively wipe out” its $25m equity investment in the project.
Bahamasair Exuma ‘hiccup’ drops Family Island growth
Airline ticket bookings for Family Island travel between February and July 2025 would be up 12 percent year-over-year if George Town and the Bahamasair “hiccup” are not included, it was revealed yesterday.
‘Uncertain’ times for world, warns PM
Prime Minister Philip “Brave” Davis said the world is currently facing a period of “uncertainty” due to economic instability, geopolitical realignments, and shifting power dynamics.
