Financial analyst chief backs income tax move
A Bahamian financial analyst yesterday backed the introduction of income tax as he called for this nation to move away from VAT and the other regressive levies it has relied on for decades.
Wynn identifies three sites to avoid ‘parking anarchy’
A Goodman’s Bay developer yesterday said it has identified three potential off-site parking locations for construction workers and staff as it bids to avoid the “anarchy” that occurred during its first project.
Pintard touts near-$50m equity gain on BPL plant
Bahamas Power & Light (BPL) enjoyed a near-$50m equity gain on its ‘Station A’ investment, the Opposition’s leader charged yesterday, slamming accusations of cost overruns as a “misrepresentation”.
‘Incompatible’ Balmoral condo hotel is rejected
The Balmoral Club’s eight-storey, 50-unit condo hotel expansion has been rejected by the planning authorities because it is “incompatible” with land use and development trends in the community.
FTX executive violated work permit restrictions
An FTX executive breached Bahamian Immigration regulations by working outside the scope of his work permit, court documents have revealed.
Businesses ignore PR at their peril
The term ‘public relations’ is thrown around quite frequently but, many times, is misunderstood. There was a time when many companies did not see the value of public relations unless a crisis occurred. Nonetheless, it is important that companies have some kind of public relations capability, whether it lies in creating a brand identity, maintaining corporate relationships and relations with the media.
PM: Consumer Protection Bill will help ‘reimagine economy’
The Prime Minister yesterday said strengthened consumer protection laws are a key component in the Government’s plan to “reimagine the Bahamian economy”.
Stop ‘beating dead horse’ over BPL fuel hedge row
A Cabinet minister yesterday urged the Opposition to stop “beating a dead horse” over Bahamas Power & Light’s (BPL) fuel hedging strategy and summer’s sky-high light bills.
$600m Shipyard project set to boost GB investor confidence
The Grand Bahama Chamber of Commerce’s president yesterday said Grand Bahama Shipyard’s $600m dry dock ground-breaking should boost investor confidence in the island.
Pintard denies Shell sidelined over engines
FNM leader Michael Pintard yesterday denied that Shell North America was sidelined during the selection process for new engines at Bahamas Power and Light (BPL) under the last administration.
Minister ‘mischaracterised’ BPL’s $21m cost overrun
A Cabinet minister was yesterday accused of “mischaracterising” a review of Bahamas Power & Light’s (BPL) key generation investment by suggesting it had incurred a $21m cost “overrun”.
Bank denies ArawakX settlement negotiations
ArawakX’s belief that it stands to win “significant damages” from Bank of The Bahamas is being contested by the BISX-listed bank which says the two sides “have not engaged in any” settlement talks.
Arawak port beats profit target by 18%
Nassau’s main commercial shipping port yesterday revealed it beat its full-year profits target for 2023 by some 17.7 percent or more than $1.4m compared to original forecasts.
KFC industrial action halt with ‘historic’ deal
Industrial action by Kentucky Fried Chicken (KFC) staff has ceased, it was confirmed last night, after the franchise agreed to an “historic” deal that will more than double the lump sum payment initially offered.
PM denies FTX gave Heat ‘court side’ seats
The Prime Minister’s spokesman last night refuted claims he received free “court-side seat” tickets from FTX and other hospitality perks in attending a Miami Heat basketball game.
