PI Yacht Club ‘redesigns’ proposed 69-unit building
The Paradise Island Yacht Club’s redevelopment is aiming to apply for a construction permit during the 2023 second half provided it can obtain preliminary Town Planning Committee approval following its upcoming public hearing.
Minister pledges Freedom of Information Act roll-out
A Cabinet minister yesterday said some of the proceeds from a $30m Inter-American Development Bank (IDB) loan will be used to finance the phased roll-out of the Freedom of Information Act throughout government.
Bahamas’ ‘consent’ to new FTX chief charges blocked
The Supreme Court yesterday blocked the Bahamas government from - temporarily at least - giving the US permission to bring multiple fraud, bribery and corruption-related charges against embattled FTX founder, Sam Bankman-Fried.
NIB rate rise delay to minimise burden
A Cabinet minister yesterday revealed the Government decided to push the National Insurance Board (NIB) contribution rate increase back to July 1, 2024, to minimise the increased burden that businesses especially will face.
New Abaco bridge gives benefit beyond resilience
The Ministry of Works’ deputy director yesterday said the $5.34m construction of The Bahamas’ longest-ever single span bridge will boost eco-tourism and creek regeneration as well as enhancing climate change resilience.
Minister urges end to pensions anomalies
A Cabinet minister yesterday called pension anomalies impacting Royal Bahamas Defence Force officers to be addressed.
Bahamas ‘red hot’ with $39.5m listing
A real estate executive yesterday said The Bahamas’ high-end market will remain “red hot” for some time as he lists a $39.5m family residence in Old Fort Bay that is generating a “record” amount of interest.
Independence sales show rapid increase
Independence Day sales are picking up rapidly at merchants ahead of this year’s 50th anniversary celebrations.
Realtors voice fears on tax 'inconsistency'
Realtors yesterday voiced concern over "the optics" and "inconsistency" of tax policy as the Government moves to adjust the VAT paid on real estate sales to ensure foreign buyers pay a 10 percent rate across-the-board.
Protest pressure builds on North Andros banking woe
The MP for North Andros and the Berry Islands yesterday issued a "plea" for intervention to resolve his constituency's banking crisis with pensioners now forced to fly to Nassau to access funds and conduct financial services business.
Minister confirms civil service pension reform
A Cabinet minister yesterday confirmed that draft legislation for a new civil service pension plan will son be presented to the public sector unions to obtain their views and feedback.
Total shutdown: Just 1% of firms able to survive Dorian-type blow
Bahamian businesses have warned that commerce on islands hit by future Dorian-type natural disasters will almost completely shutdown with this nation forecast to be the worst-impacted of major Caribbean territories.
Atlantis will 'certainly' submit more Royal Caribbean queries
A senior Atlantis executive yesterday said Royal Caribbean has "addressed some of our concerns" about the impact its project will have on Paradise Island's coastline but the mega resort will "certainly" be submitting more questions.
Exuma businesses struggle with 'crazy' flooding's impact
Exuma businesses yesterday said they are struggling with the loss of commerce and impact from "crazy" flooding that has cut-off the northern part of the island although airlift has not been affected.
Ministry uses AI for pot hole detection
The Ministry of Works yesterday said it is employing artificial intelligence (AI) to predict where pot holes will form on The Bahamas' road networks as the country moves into rainy season.
