‘Due diligence done’ on Fox lease for Balmoral Island
Deputy Prime Minister Chester Cooper said the Davis administration “has done its due diligence” prior to leasing a portion of Balmoral Island to Adrian Fox for part of his proposed $300m resort project.
Bahamas graft improvement must match ‘story on street’
Governance reformers yesterday said The Bahamas’ improved ranking and score from Transparency International must match “the story on the street” for this nation to beat long-standing corruption concerns.
Tax-driven airline prices hit Bahamas’ advantage
A senior tourism executive yesterday asserted that high airline ticket prices have prevented The Bahamas from fully capitalising on its proximity to the US as its main tourism source market.
Investigations Bill ‘doesn’t fully address’ corruption’s causes
Governance reformers have asserted that legislation to create an Independent Investigations Commission “does not fully address” the root causes of corruption while whistleblower protections must be strengthened.
Bahamian firm suffers four supplier price hikes in year
Inflation and a “construction surge” have helped to expand The Bahamas’ now-$4.274bn annual trade deficit, it was argued yesterday, with one local firm suffering four prices increase from its supplier within a year.
Property declarations ‘just killed the ease of business’
A Bahamian financial services provider yesterday branded the demand to disclose all corporate clients’ real estate dealings by week’s end as “outrageous”, adding: “They have just killed ease of doing business.”
Record $4.2bn trade deficit is ‘no cause for alarm yet’
The Bahamas’ record annual $4.274bn trade deficit for 2024 is not something “to be alarmed about as yet”, a local economist told Tribune Business yesterday.
Pilots to challenge aviation test amid operator concerns
Bahamian pilots will today challenge a controversial aviation exam before the Supreme Court amid airline concerns that the test may impact operations and disrupt planned service expansion.
Tax chief: Property filing target ‘ain’t so hard cut’
Tax officials say the February 15 deadline to file details of all corporate real estate dealings “ain’t so hard cut” but there is unlikely to be “a blanket” extension for all of a registered office’s clients.
‘Do not let Sarkis weaponise Chapter 11 on Nassau hotels’
Baha Mar’s contractor is accusing Sarkis Izmirlian of seeking to “circumvent” the Bahamian courts by using its US Chapter 11 protection as a “springboard” to pursue the winding-up of its two Nassau hotels.
Fox’s Balmoral Island lease could face legal challenge from former MP
A former Cabinet minister has warned he may initiate legal action over the Government’s decision to lease a portion of Balmoral Island to Adrian Fox for part of his proposed $300m resort project.
Solar provider recoiled over 50% Bahamian ownership
A US firm, which abruptly abandoned a $1m legal claim against the Government, said the mandate to relinquish 50 percent ownership to Bahamians made it “impossible for foreign investors” to bid on a solar tender.
Solar provider eyes up to $100m raise
A solar power provider is targeting next month to raise between $75m to $100m from Bahamian investors to finance its projects on Abaco and Eleuthera.
Island Luck co-founder unveils 1,000 job Cable Beach resort
An Island Luck co-founder yesterday moved one step closer to realising his Cable Beach resort ambitions by signing a Heads of Agreement for a $300m project billed as creating up to 1,000 permanent jobs.
Fox’s resort project leasing ex-dolphin encounters site
Island Luck’s co-founder is leasing the site of the former failed Blackbeard’s Cay dolphin encounter for part of the $300m Cable Beach resort development he unveiled yesterday.
