CCA: Sarkis ‘betrays his worry’ over examiner bid
Baha Mar’s contractor says Sarkis Izmirlian is “betraying his concern” that its appeal will overturn the $1.642bn damages awarded to him by seeking to “frustrate the orderly” Chapter 11 process.
Mosko project gets planning go-ahead
The Mosko Group has received approval for its Rock Point “day trip” destination on New Providence’s north coast from the Government’s planning authorities.
Gov’t urged: ‘Bite the bullet’ on home crisis
The Government must “bite the bullet” and absorb land costs, a Bahamian engineer asserted yesterday, arguing that it is “the only way” to resolve this nation’s affordable housing shortage.
Investor pays taxes for 20 years but doesn’t own land
A foreign investor paid more than 20 years worth of real property taxes on Eleuthera property that the Government approved it to acquire only to discover that it is not the land’s rightful owner.
Marinas seek ‘mercy’ with boating-related food sales off 20%
Bahamian food stores have reported a 20 percent decline in sales to visiting boaters, a marina chief has revealed, while asserting: “Hopefully someone will show us some mercy this year.”
RBC Bahamas locked in battle to reclaim $1.854m
RBC Royal Bank (Bahamas) is battling to recover $1.854m that it wired to a California money transmission business one month after the latter was ordered to cease business by the state’s regulator.
Bahamas in $1bn boost via climate resilient investment
The Bahamas will boost its long-term economic output by over $1bn if it starts investing in climate-resilient infrastructure and protecting natural assets such as beaches and mangroves, the IMF is urging.
Bahamas suffers ‘massive losses’ on flawed natural resource regime
A regulatory regime designed to protect Bahamian natural resources from foreign exploitation has instead sparked “massive losses in biodiversity” and “stifled” legitimate research vital to building the ‘blue economy’.
National Trust, activist on different sides over Park tenant’s eviction
The Bahamas National Trust (BNT) and a prominent environmental activist found themselves on opposing sides over the former’s termination of a water sports vendor’s lease at the Lucayan National Park.
Applebee’s targets two more venues after Fusion opening
APPLEBEE’S yesterday said it has hired 165 persons as it celebrated the formal opening of its first location at Fusion Superplex with more outlets expected in the coming months.
Bahamas ‘proceeds’ on 15% corporate tax despite Trump
The Government will “proceed” with implementing The Bahamas’ own 15 percent corporate income tax and is not worried “at this point” that the move will place this nation at a competitive disadvantage.
October suffers biggest inflation rise since March
The Bahamas enjoyed a continued decline in the annual inflation rate through to October 2024 even though prices rose month-over-month.
KEITH ROYE II: Technology making future arrive faster than we think
The technology world is accelerating in 2025, with transformative trends set to redefine industries and reshape how we live and work. These advances, ranging from artificial intelligence (AI) to sustainability, are creating opportunities while raising important questions about ethics, equity and regulation. Here is a deeper dive into the top five trends.
Minister: IMF housing report a ‘reality check’
A CABINET minister has said a recent IMF report on housing affordability and home ownership issues has “validity”.
Downtown Nassau to soon get IHOP and Applebee’s
IHOP and Applebee’s will have locations in Downtown Nassau “before the summer of this year”, according to IHOP’s operations manager.
