Investor needs rezone to secure $5.6m investment
AN INVESTOR will tonight seek to secure his $5.6m south western New Providence purchase at a hearing to rezone a property that two government agencies assured him was for commercial use.
Bimini airport overhaul set to begin fall 2024
THE lead investor in the consortium spearheading Bimini airport’s $80m redevelopment yesterday branded the project as an “incredible opportunity” with construction work set to start this fall.
Concerns voiced over Exuma marina switch
ENVIRONMENTAL advisers to an Exuma-based developer yesterday voiced concerns over a neighbouring resort project’s decision to relocate its marina.
Pintard: ‘Deep concern’ on $100m Beaches revelation
THE Opposition’s leader yesterday said he was “deeply concerned” that only the Government - and not Sandals itself - has publicly confirmed specific details on the Emerald Bay resort’s $100m redevelopment.
GB Power: 75% won’t see bills increase despite base rate hike
THREE-QUARTERS of Grand Bahama Power Company’s customers will see their monthly bills remain unchanged or decrease by up to $2 despite its bid for a 6.3 percent base rate rise, it was revealed yesterday.
Opposing politicians united on ‘absurd’ GB Power rate hikes
GRAND Bahama Power Company’s proposed 6.3 percent base rate increase was yesterday branded as “absurd” and “wholly ill-conceived” given the potential impact on residents and businesses.
Hotel chief: ‘No real difficulty’ going to four-day work week
THE Bahamas Hotel and Tourism Association’s (BHTA) president yesterday said he foresees “no real difficulty” with a four-day work week as employers generally gave mixed reactions to the idea.
‘Rebalance’ onerous VAT dispute payment demand
A FORMER Cabinet minister yesterday called for the law dealing with VAT disputes to be “rebalanced” as he branded the ease of doing business in The Bahamas “a joke”.
Opposition to gov’t: ‘Which Sandals is it?’
THE Opposition’s chairman yesterday argued that the Government is sending mixed messages over whether it views the Sandals resort chain as a “tax dodger” or “national hero”.
Opposition finance chief blasts ‘indefensible’ bank fee increase
THE Opposition’s finance spokesman yesterday demanded that Bahamians be given greater protection against “inexplicable and indefensible” bank fee hikes as CIBC became the latest to unveil increases.
BPL admits its Briland power woe ‘untenable’
HARBOUR Island’s latest electricity woes are “cruel” to residents and “insulting” to wealthy investors who have sunk millions of dollars into acquiring high-end homes in a destination with inadequate infrastructure.
Fnm seizes on govt’s ‘cash flow crunch’
THE Opposition yesterday seized on remarks by the Progressive Liberal Party’s (PLP) chairman as confirmation the Government is facing “a cash flow crunch” and “taxing the private sector into oblivion”.
Private islands auction over $9.2m unpaid taxes blocked
FOREIGN investors have persuaded the Supreme Court to block the Bahamian tax authorities’ bid to seize and sell-off their private islands to recover an unpaid $9.2m real property tax bill.
Act’s noble intent ‘taking us down the path to hell’
SAFEGUARDS to protect delinquent mortgage borrowers from losing their homes are poised for review with a senior banker warning they were “carrying us down the path to hell” despite the noble intent.
BPL plunges to negative -20% net profit margins
BAHAMAS Power & Light’s (BPL) financial crisis was yesterday further exposed by negative net profit margins of -20 percent and -24 percent for the past two financials years when it was unable to cover its debts.
