Local Business

Subscribe

Vacation rental crackdown set for launch in early 2026

The Department of Inland Revenue will launch a crackdown on non-compliant vacation rental properties early in 2026 as registration remains below its expectations, it was revealed yesterday.

Hotel chief: Our air arrivals ‘lifeline somewhat slipped’

The Bahamas Hotel and Tourism Association’s (BHTA) president yesterday conceded that air arrivals to New Providence “have somewhat slipped” while cruise passenger visitors continue to expand.

Don't get locked in studying for a degree

Are degrees still relevant for business employment?

Airport hotel bids are due at end-February

Final bids to develop an airport hotel on six acres at Lynden Pindling International Airport (LPIA) are due by the deadline of February 27, 2026, it was revealed yesterday.

Tourism market diversity key in challenging 2025

THE United Kingdom is “one of our most promising and steadily growing international markets this year”, the Nassau and Paradise Island Promotion Board’s chief executive said yesterday.

Just 157 firms collecting half gov’ts vat revenue

The Prime Minister yesterday said that just 157 companies were responsible for collecting more than half of the Government’s VAT revenues during the first eight months of 2025.

Tax chief: Power of sale is ‘absolute last resort’

The Department of Inland Revenue's top executive yesterday asserted it is using its ‘power of sale’ as an “absolute last resort” against real property tax deadbeats who have gone decades without paying taxes.

Downtown Nassau hotel names general manager

The Margaritaville Beach Resort Nassau has named Shyam Lalu as its new general manager.

Top airline activates its tie-up with Bahamasair

Bahamasair yesterday confirmed that a premier global airline has activated its interline partnership with the national flag carrier so that its passengers can enjoy improved connectivity to this country.

Bahamas’ boating loss is ‘USVI’s $100m gain’

The Bahamas’ loss is threatening to become a $100m gain for the US Virgin Islands (USVI), the Association of Bahamas Marinas (ABM) president asserted yesterday, as the latest boat tracking data shows “a 40 percent decline in vessels” visiting this nation.

Bad weather costs Nassau 16,000 cruise ship tourists

Nassau lost an estimated 16,000 visitors and four vessel calls on Saturday after strong winds prevented all but one ship from docking at the city’s $300m cruise port, it was confirmed last night.

Tourism ‘pacing ahead’ despite ‘reduced weeks’ for November

The Bahamas Hotel and Tourism Association’s (BHTA) president yesterday affirmed the 2026 winter season is “pacing ahead” of this year’s performance even as the industry’s line staff union disclosed that some employees were still working “reduced weeks” in November.

US court approves Sarkis’ CCA deal

Sarkis Izmirlian’s personal involvement helped secure the settlement of his decade-long legal battle with Baha Mar’s main contractor that was yesterday approved by a US judge.

Rosewood developer blasts ‘baseless’ work permit claim

The $200m Rosewood Exuma developer yesterday blasted as “baseless assertions” the claims a rival resort has made over the number of work permits it is seeking as it pledged to create 500 “well-paying jobs” during the project’s construction and operational phases.

$3m Queen’s Staircase, water tower upgrade near handover

The Fort Fincastle water tower and Queen’s Staircase are set to be formally handed back to the Antiquities, Monuments & Museums Corporation (AMMC) this week to mark the near-completion of a $3m restoration project.