Realtors warn Bahamians face higher tax rate than foreigners
Realtors yesterday confirmed they have recommended the Government correct “inconsistencies” with its real property tax reforms that could result in Bahamians being taxed at a higher rate than their foreign owner counterparts.
Auto dealers blindsided by title certificate reform
Auto dealers yesterday revealed they have been blindsided by legal reforms that threaten to create “more and more bureaucracy” by changing how vehicle imports are cleared when they arrive in The Bahamas.
Emera chief: GB Power’s disposal ‘de-risks’ portfolio
Emera’s top executive says Grand Bahama Power Company’s sale has enabled it to “further de-risk” its business with a former Chamber of Commerce president warning “there are a lot of open-ended questions” on the utility’s and island’s energy future.
$360m project terminates staff, splits with contractor
The developer behind a $360m Eleuthera resort project last night asserted it remains “fully committed” despite recently terminating multiple staff amid a break-up with its main contractor that has stalled critical construction work.
Minister: Zero tolerance for water sports ‘recklessness’
A Cabinet minister yesterday asserted "recklessness" on Bahamian waters will no longer be tolerated as he pledged that the Government is moving to tighten maritime safety laws with new speed restrictions, tougher penalties and stronger enforcement powers.
Eleuthera hit with 14-hour island-wide power outage
Eleuthera residents and businesses across yesterday suffered an island-wide power outage that forced public offices to close early, left some without electricity for more than 14 hours and intensified calls for Bahamas Power & Light (BPL) to provide a clear plan for restoring reliability.
National Investment Fund sparks Parliamentary clash
The Minister of Finance and Opposition’s leader yesterday clashed in the House of Assembly over the National Investment Fund (NIF) with the latter pressing for answers over how hundreds of millions of dollars in borrowings and development financing will be managed and overseen.
Gov’t eyes next year for annual plan compliance
The Government expects all ministries and agencies to comply with annual planning requirements under the Public Finance Management Act by next year, a Cabinet minister said yesterday as he defended the administration's record against Opposition criticism.
Minister reveals retirement age rise proposal for NIB
A Cabinet minister yesterday revealed National Insurance Board (NB) employees could soon remain on the job until age 65 instead of retiring at 60, arguing the change will help retain experienced staff and preserve institutional knowledge.
Shipyard’s Bahamian hires rise 24% in 28-vessel cruise repairs
Grand Bahama Shipyard has completed overhauls for 28 vessels during the 2026 cruise ship repair season to generate a major economic boost and reinforce the island's position as a top maritime services hub.
Renewable provider’s bid for gas exemption is rejected by URCA
Regulators have rejected a renewable energy provider’s argument that it should be exempted from requirements to obtain a licence under the Natural Gas Act because it will only use liquefied natural gas (LNG) to generate power from its own facilities.
Minister warns Nassau outages set to persist
The Cabinet minister responsible for energy yesterday warned that New Providence electricity outages may persist after $130m in vital grid upgrades were delayed by about eight weeks following the earlier fatal shooting of a US contractor.
Road Traffic fees shake-up to boost safety, compliance
Bahamian motorists face having to pre-pay for their vehicle’s annual inspection, and fines if they fail to renew its licence and registration on time, as part of the Government’s drive to boost road safety and compliance with a “modernised” traffic regime.
Now-minister’s warning to US investor over ‘fronting’
A now-Cabinet minister last year warned a US investor he was “in direct contravention of Bahamian law” through his involvement with a Briland tourism operator doing business in an industry exclusively reserved for 100 percent local ownership only.
