Freeport 'could attract $100bn if the economic model is right'
A Grand Bahama Port Authority (GBPA) director yesterday argued "Freeport needs $10bn, and could attract $100bn if we get the model right" amid a peace offering from the deputy prime minister.
‘Very aggressive’ crackdown on $200m smuggling, evasion
The Government’s top finance official last night pledged “a very aggressive” approach to cracking down on smuggling and tax avoidance schemes believed to cost The Bahamas a combined $200m annually.
Industries mixed over up to 75% boating fee cuts
Fishing and tour excursion providers yesterday gave decidedly mixed reactions on the up to 75 percent cuts in boat registration fees tabled in the House of Assembly.
Gov’t holds firm as $259m deficit near-double target
The Government has not adjusted any of its 2023-2024 fiscal targets despite revealing yesterday that its $258.7m half-year deficit was almost double the full 12-month goal.
Gov’t eyes $140m ‘accrual’ over corporate income tax
The Government is exploring how Bahamas-based companies that will pay the new 15 percent corporate income tax can “accrue” a projected $140m in revenues before the enabling laws are enacted.
EU blacklist escape blocks double-digit insurance rise
Bahamian households and businesses yesterday escaped potential double-digit increases in insurance costs after this nation secured its removal from the European Union’s (EU) tax blacklist.
Top attorneys battle on Sir Jack’s Butler’s $83k costs
Two leading attorneys are locked in a furious battle over $83,000 in taxed legal costs stemming from court cases involving Sir Jack Hayward’s late Bahamian butler.
$100m Goodman’s Bay penthouse ‘compelling’ amid pneumonia claim
The developer behind the $100m, 14-storey Goodman’s Bay penthouse project last night acknowledged their neighbour’s “passion” and “attachment” but pointed to the 300 construction jobs it will create.
Prince George Wharf vendors to relocate
The head of the Government’s Downtown Revitalisation Unit yesterday said vendors who were asked to vacate Prince George Wharf will be allowed to operate from “alternative locations”.
EU blacklist escape key to ‘new world order survival’
The Bahamas “can only survive in this new world order” through ongoing compliance with global demands, the Attorney General asserted yesterday, as it escaped the European Union’s (EU) tax blacklist.
Deltec pleaded Bahamas law breach, poverty over FTX evidence demands
Deltec Bank & Trust pleaded poverty and violations of Bahamian law in a failed bid to block aggrieved former FTX investors from forcing it to provide evidence.
Apprenticeship initiative to impact ‘big numbers’
The planned National Apprenticeship Programme will impact “big numbers” with ambitions to have the first entrants working in the Bahamian maritime industry as early as April/May 2024.
‘Zero’ crime fall-out for cruise numbers
Nassau Cruise Port’s top executive yesterday said he can “guarantee” passenger numbers for the past three days have surpassed prior years to show there has been “zero” impact from recent crime concerns.
‘Sting operations’ net 1,500 pounds of illegal grouper
A senior fisheries official yesterday revealed that “sting operations” over the past three weeks have netted more than 1,500 pounds of Nassau grouper caught illegally out-of-season.
‘No harm’: Private aviation meets ‘bonkers’ prior years
THE Bahamas’ private aviation business was yesterday said to have suffered “no harm” from saturation media coverage of this nation’s crime woes with visitor numbers matching the “bonkers” prior two years.
