Cease order on Exuma moorings
An Exuma-wide boat mooring/anchorage deal branded as “insane” by Bahamian marina chiefs has been halted by local government authorities due to the purported absence of key approvals.
Crawfish volumes up 10-15% but ‘don’t let our guard down’
Bahamian fishermen are warning “we must not let our guard down” over illegal poaching despite enjoying a 10-15 percent year-over-year increase in lobster catch volumes for the season to-date.
‘Tighten’ anti-corruption Bills and ‘restore trust’
Anti-corruption Bills passed by the House of Assembly on Wednesday are vital “to restore trust” in the fight against graft but they can be further “tightened”, governance reformers argued yesterday.
Minister: Small businesses more cyber crime vulnerable
A Cabinet minister yesterday described cyber security is both a “key pillar of economic stability and growth” and critical to The Bahamas’ national security.
Don’t abandon Integrity Commission, Gov’t told
Governance reformers yesterday warned it will be a mistake for the Government to abandon the proposed Integrity Commission Bill and the “proactive” anti-corruption measures it contains.
‘Absolutely confident’ govt to hit fiscal goals
THE Government last night signalled it remains wedded to its full-year fiscal targets despite amassing a near-$400m deficit during the first six months as recurrent spending jumped 13.4 percent year-over-year.
Carnival’s $600m GB port to open July 19
Carnival Cruise Line’s $600m Grand Bahama port is now set to open in July with senior executives touring the location to assess construction progress.
Financial Stability Council holds its first-ever meeting
The newly-formed regulatory body providing “co-ordinated oversight” of the Bahamian financial services industry held its first-ever meeting this week.
Deficit ‘bust’: Half-year red ink close to $400m
Private sector executives and the Opposition yesterday argued that the Government will almost certainly “bust” its key fiscal targets after unveiling a near-$395m deficit for the 2024-2025 half-year.
‘Rights infringed’ over BOB banking directive
The Government is “infringing on constitutional rights” and consumer choice by directing new civil service hires to bank with an institution it holds an 82 percent majority stake in, a union chief blasted yesterday.
Royal Caribbean PI IPO to ‘slip’ into third quarter
Royal Caribbean yesterday duelled with a Bahamian entrepreneur over how many foreign construction workers are employed on its Paradise Island project while disclosing that its planned share offering will likely “slip”.
Minister says URCA approved BPL non-competitive bidding
A Cabinet minister yesterday said the energy sector regulator approved the use of non-competitive bidding for the outsourcing of Bahamas Power & Light’s (BPL) generation and electricity grid functions.
FNM deputy seeks answers on SpaceX’s environmental impact
Shanendon Cartwright, the MP for St Barnabas raised concerns about the SpaceX rocket booster landing in the Bahamas in Parliament yesterday, noting a lack of public information surrounding the environmental assessment for the initiative.
Cable chief meets with leading US diplomats
Cable Bahamas’ top executive has met with senior US diplomats to explore potential areas of co-operation.
‘You’ll never claw back’: Deficit five times’ target
The Opposition last night charged that “the Bahamian economy has never performed so aggressively as to wipe out a $300m shortfall” after the Government unveiled a deficit over five times’ its full-year target.
