‘Fix is in motion’ for power issues on Harbour Island
With residents of Harbour Island reporting that they have been experiencing frequent power outages for the past three days, Bahamas Power and Light has said that they are aware of the issue and “the fix is in motion”.
Atlantis: 30% spend, rate jumps ‘as good as it gets’
Atlantis yesterday said its year-to-date performance is “as good as you can get” with rates and visitor spending per occupied room both exceeding pre-COVID levels by up to 30 percent.
Fishing ‘distress’ over boat registration hike
Bahamian fishermen were yesterday said to be “distressed” over “ten-fold” rises in annual boat registration fees that are causing “a lot of panic” in the sector.
Merchant’s remote shift ends 50-year retail era
A Bahamian merchant has shuttered its retail store after more than 50 years in business as part of a restructuring that now sees it providing reduced services remotely.
Bahamas ‘not tapped out’: FDI inflows at $1.3bn high
The Bahamas is “nowhere near to tapping out” its ability to attract greater foreign direct investment (FDI) flows, it was argued yesterday, after these increased by 6 percent to near-$1.3bn in 2022.
Businesses fear major loss from North Andros BPL fire
Hundreds of North Andros businesses and visiting vendors were yesterday fearing they could suffer substantial losses after the area's entire power generation capacity was destroyed by an early morning fire.
'Rent to own' initiative attracts 600 applicants
The Bahamas Mortgage Corporation's chair yesterday said the Government’s 'rent to own' housing initiative has sparked a “very high” response with more than 600 applications submitted to-date.
'Reticent' on oil explorer's carbon credits alternative
Environmental activists are urging the Government to "carefully scrutinise" any proposal by Challenger Energy Group to monetise its $150m investment in this nation via the creation of carbon credits.
Selling out! Independence Day sales soar
RETAILERS are reporting strong sales of Independence Day-related merchandise ahead of the Bahamas’s 50th anniversary celebrations.
‘No choice’ but to go Bahamian
The Government must build greater “trust and confidence” in its fiscal plan among Bahamian investors given it has “no choice” but to almost exclusively tap the local capital markets to meet its nine-figure deficit financing demands.
‘Nothing to lose’ on 5% corporate tax
A Bahamian financial services provider yesterday argued that this nation should smash “conformity” by adopting a low-rate 5 percent corporate income tax, asserting: “We have nothing to lose.”
Inland Revenue must be a ‘well oiled machine’ for corporate tax
The Department of Inland Revenue (DIR) must become “a well-oiled machine” that is far more responsive to taxpayer needs under a corporate income tax regime, a prominent accountant is urging.
Grocers chief rejects PM’s ‘dumping’ fears
The Retail Grocers Association’s (RGA) president yesterday rejected the Prime Minister’s assertion that The Bahamas is a ‘dumping ground’ for unsafe and inferior goods, and charged: “You can stop it at the border.”
Reserves hit $2.9bn on Gov’t borrowing boost
The Bahamas’ foreign currency reserves expanded by almost $169m in May due to a boost from the Government’s external borrowing activities as they closed the month at near-$2.9bn.
Bahamian accountant calls for Caribbean united front
A Bahamian accountant has called on the Caribbean to adopt a united front over how mandatory environment, social and governance (ESG) reporting standards will be embraced in regional laws and regulations.
