Ex-chief medical officer fails on CIBC quick win
The Government’s former chief medical officer has lost his bid for a quick legal victory against CIBC Caribbean (Bahamas) over their $1.233m mortgage loan dispute.
‘Every day that goes by retards fiscal progress’
A member of the original Fiscal Responsibility Council is warning that “every day we go without it is a day that retards our fiscal progress” amid signs the Government is moving to finally re-establish the watchdog.
Blackbeard’s Cay dolphin notice sparks ‘sale’ alarm
A Bahamian environmental activist yesterday said she is “very concerned” that the Government may by seeking to sell the five dolphins rescued earlier this year from the Blackbeard’s Cay project.
‘Major headwind’: Doctors triples provisions for unpaid patient bills
Doctors Hospital has warned of “a material headwind” to profitability after it was forced to more than triple provisions to cover medical bill non-payment by government patients and insurers to $12.7m.
Gov’t extends six-month real estate tax ‘amnesty’
The Government has extended the six-month “amnesty” for persons to bring forward unstamped real estate conveyances and pay the outstanding transaction tax by another two weeks.
Foreign LPIA departures fall 11% in tourism drop
Foreign air departures from Nassau’s Lynden Pindling International Airport (LPIA) declined by 11.1 percent year-over-year in October 2024 to signal the extent of the fall stopover tourism slowdown.
BTC ‘firing on all cylinders’ as 5G looms
The Bahamas Telecommunications Company’s (BTC) chief executive yesterday pledged to deliver “more innovation” in 2025 via 5G and improved connectivity, adding: “It feels like we’re firing on all cylinders.”
Chamber chief: ‘I have to believe’ in GB Power plan
The Grand Bahama Chamber of Commerce’s president yesterday said he is expecting businesses to enjoy the traditional “boost in activity” over the Christmas holiday with several already starting their promotions.
Union chief: ‘Promise is comfort to a fool’
A trade union leader yesterday asserted that “a promise is a comfort to a fool” as “nothing in writing” has been received following a “rushed” late November meeting with the Prime Minister.
Bahamian realtor teams for sales drive on three projects
A US realtor’s development division has forged an alliance with a Bahamian counterpart to jointly spearhead the sales and marketing effort for three multi-million property projects in this nation.
New Freeport logistics provider in ‘open house’
A newly-launched Freeport logistics company, specialising in direct shipping from China to The Bahamas, last week held its first-ever open house event for local business owners.
‘Pub on the Mall’s’ re-developer hailed for ‘stepping up to plate’
The Deputy Prime Minister has hailed the entrepreneur behind the restoration and reopening of a Freeport restaurant and bar for “stepping up the plate” and aiding revival of the city’s downtown area.
‘Desperately bleak’: Bahamas faces greatest sea level rise threat ‘by far’
More than half of New Providence and Paradise Island resorts are “vulnerable” to the weakest storms, it was revealed yesterday, with The Bahamas facing “by far” the greatest global threat from sea level rise.
Nygard legacy fails to halt $11.9m Union Wharf sale
A Bahamian attorney’s bid to block the $11.9m sale of downtown Nassau’s Union Wharf property over an alleged debt owed by Peter Nygard has been dismissed by two separate courts.
Governance reformers: Police chief’s ‘bribe call’ not sufficient
Governance reformers yesterday warned the police chief’s call for all persons solicited for bribes to “speak up” is unlikely to succeed unless backed by tough anti-corruption and ‘whistleblower’ protections.
