PM told: ‘Stop throwing rocks’ at Port Authority
A group of Grand Bahama Port Authority (GBPA) licensees plans to intervene in its escalating dispute with the Government as the Prime Minister was yesterday urged to “stop throwing rocks and come to the table”.
Downtown Nassau given Business Licence warning
Downtown Nassau property and business owners were yesterday warned that their Business Licence applications may not be approved if they fail to properly maintain their premises and keep them clean.
Foreign buyer VAT rise gains ‘90-day transition’
A Cabinet minister yesterday confirmed the Government is allowing a 90-day “transition period” so that foreign purchases of real estate valued at under $1m - and already subject to sales agreements - can close at existing VAT rates.
Pinder: Cruise lines wanted three years for tax phase-in
Attorney General Ryan Pinder revealed that cruise lines wanted a six-month phase-in period for increased passenger taxes.
$30m loan from Afreximbank taken up to develop business
The Bahamas Development Bank will receive a loan of $30m for business development, it was announced yesterday.
DEIDRE BASTIAN: Bad customer service will kill your business
We have all experienced poor customer service. Sometimes the issue can be small, such as waiting in a long queue, or much broader due to receiving a completely different product or service compared to what was expected. Whatever the case, negative experiences leave customers deeply unsatisfied and hesitant to patronise that company in the future.
Gov’t closely scrutinises China, global oil prices
A Cabinet minister says the Government is “monitoring global events”, especially oil prices and the Chinese economy’s strength, to ensure such factors do not “undermine” recovery at home.
Businesses call for rapid transition to renewables
Bahamian businesses yesterday called for a more rapid transition to solar and other forms of renewable energy after Bahamas Power & Light (BPL) confirmed that it has resumed load shedding.
Civil service's $55.7m rise critical productivity booster
A Cabinet minister yesterday defended the $55.7m increase in public sector worker compensation during the first nine months of the 2022-2023 fiscal year as essential to boosting morale and productivity.
Bahamas ‘shipwrecked’ if no Development Plan
The Bahamas will “end up shipwrecked” if it fails to fully revive the National Development Plan (NDP) as a mechanism to direct and benchmark improvements on key economic and social metrics, it was argued yesterday.
GBPA: Gov’ts financial demands are ‘contested’
The Grand Bahama Port Authority (GBPA) yesterday hit back at the Government’s financial demands as the Opposition’s leader warned his party will “vigorously resist” any bid to “supersede” Freeport’s founding treaty without consultation.
Almost 1m referrals to Nassau/PI hotels
A senior Bahamian tourism executive yesterday said Nassau/Paradise Island has recovered to 97 percent of pre-COVID business volumes by March 2023 with airlift capacity up by double digits for the year-to-date.
Minister says Bill not removing ‘bread out of farmers’ mouths’
A Cabinet minister yesterday asserted that agricultural-related legislation accompanying the 2023-2024 Budget was being “misinterpreted” amid charges that it is threatening to “take bread out of farmers’ mouths”.
FTX’s Bahamas attorney quiet on $1m ‘bonus’ claim
FTX’s Bahamas attorney yesterday declined to comment on allegations that a “former Bahamian government official” was offered a $1m “bonus” if they could expedite obtaining the necessary licences to operate from this nation.
Royal Caribbean: PI project aims to retain profits locally
A senior Royal Caribbean executive yesterday pledged that a key objective of its $100m Paradise Island project is to have the bulk of revenues and profits generated remain in The Bahamas.
