Fossil fuel phase-out pact raises oil drilling ban hope
Environmental activists yesterday voiced optimism that the threat of further oil exploration and drilling in this nation’s territorial waters has ceased after The Bahamas joined a pact to phase-out fossil fuel use.
Bay St hotels liquidation threat as court denies CCA appeal
Two major Nassau resorts yesterday faced the renewed threat of liquidation proceedings after a New York court rejected their owner's bid to prevent Sarkis Izmirlian enforcing a $1.642bn damages award.
300-acre Long Island battle delayed to 2025
The Supreme Court trial to determine ownership of more than 300 acres on Long Island, which a blind Bahamian alleges he was deceived into signing away for a pittance, has been pushed back to January 2025.
Union leader slams ‘atrocious’ handling of bi-monthly wages
A union leader yesterday slammed the Government’s handling of proposed bi-monthly pay for public servants as “atrocious” after seemingly cutting out key employee representatives from the talks.
Airport ‘void’ for 90% of Eleuthera’s investments
Rock Sound airport represents a “void” that needs to be filled given that most major investment projects are happening in Eleuthera’s south, the island’s Chamber of Commerce president warned yesterday.
Former BEC union chief loses $2.6m damage bid
A former Bahamas Electricity Corporation (BEC) union leader has failed to increase the damages and compensation payout for his wrongful dismissal over 20 years ago to almost $2.6m.
Bimini shrugs off rise in Flamingo Air’s prices
Bimini businesses yesterday shrugged off Flamingo Air’s increase in ticket prices to the island as commerce is “booming” and there are multiple other transportation means available.
Nassau and PI targeting winter-weary Londoners
The Nassau & Paradise Island Promotion Board (NPIPB) last week marketed the destination’s warm weather attractions to a UK audience through an event held at London’s Canary Wharf.
Bahamas launches National Cyber Security strategic plan
The Bahamas has launched its National Cybersecurity Strategy (NCS) in a bid to better protect its digital infrastructure from rapidly-evolving online threats.
Christmas ‘light at end of tunnel’ for tourism
Bahamian resorts were yesterday said to be “optimistic” that the peak Christmas and New Year period “may even surpass” 2023’s performance, as one executive said: “We needed this light at the end of the tunnel.”
Gov’t in $9m tax boost as ‘sword of Damocles’ lifted
The sale of four private islands in the Exuma cays has eliminated “the sword of Damocles” that was hanging over its former owners’ heads and netted the Public Treasury a multi-million dollar tax boost.
Bahamasair loses one-third of fleet for more than week
Bahamasair’s managing director last night confirmed that one-third of its fleet has been grounded for more than a week after damages caused by a “blown tyre” forced another plane offline.
Governor: Collateral register will boost business lending
The Central Bank’s governor says business lending and confidence will be boosted by legislation to create a regulatory framework that will enable “mobile assets” to be pledged as credit security.
Bahamasair privatisation urged over travel delays
An Abaco yacht and charter company’s proprietor yesterday demanded accountability and Bahamasair’s privatisation after the airline’s plane shortage caused travel delays for frustrated visitors.
Eleuthera businesses struggle amid outages
Eleuthera-based businesses yesterday complained that the weekend’s 24-hour plus electricity outage has cost them both time and money.
