Atlantis defers on Royal Caribbean’s PI answers
Atlantis has decided to wait for Royal Caribbean to supply answers to its 50 questions over the latter’s proposed Paradise Island project because they were not totally “buttoned up” at the two sides’ most recent meeting.
Cable’s pay-TV status ‘screaming for removal’
Cable Bahamas is arguing its ‘significant market power’ designation in the pay-TV market is “screaming for removal” with competition from streaming services having caused an 11 percent plunge in subscriber numbers in 2021.
Atlantis braces for $17m electricity costs increase
Atlantis yesterday revealed it is bracing for a $17m year-over-year hike in electricity costs despite “still setting revenue records” through 2023’s winter tourism season and into the upcoming peak Easter weekend.
‘Hundreds of millions’ in tax arrears remain
The Ministry of Finance’s top official yesterday said “hundreds of millions” in tax arrears remain outstanding even though VAT revenues are 7 percent ahead of projections for the first nine months of the 2022-2023 fiscal year.
Business Licences: 99% were approved ‘in time’
The Ministry of Finance’s top official yesterday said 99 percent of Business Licence renewal applications were approved “in time” with those outstanding needing to “clarify” questions surrounding their reported turnover.
Gas retailers: ‘Never been so desperate’ due to OPEC slash
Bahamian petroleum retailers yesterday said “it’s never been so desperate” with a surprise production cut by the major oil producing countries making their need for a margin increase even more urgent.
Sir Franklyn: Quieting Titles ‘licence to thief’
Arawak Homes chairman yesterday urged The Bahamas to embrace a system of registered land as he warned that the Quieting Titles Act has become “a licence to thief”.
Cable: URCA’s 23% budget rise ‘assault on our finances’
Cable Bahamas has blasted the 23 percent hike in the Utilities Regulation and Competition Authority’s (URCA) 2023 budget as “an assault on the finances” of itself and other communications operators who will pay for it.
Growth to ‘moderate’ as COVID revival near end
The Central Bank yesterday reaffirmed that The Bahamas’ economic growth rate will “moderate as the recovery from COVID-19 becomes more complete” with February’s air visitor arrivals just 2.5 percent off pre-pandemic pace.
More ‘operations’ planned for tax dodger crackdown
The authorities are planning “several operations” throughout The Bahamas targeting other suspected tax delinquents, the Ministry of Finance’s top official revealed last night, while their Harbour Island sweep is still not finished.
Access accelerator targets 200 MSMES for assistance
THE SMALL Business Development Centre (SBDC) is this year aiming to help 200 micro, small and medium-sized (MSME) enterprises access an average $100,000 in funding each through its Guaranteed Loan Programme.
‘No industry more efficient’ at storm rebound than insurance
A BAHAMIAN insurance executive yesterday said that obtaining full property coverage is critical to the ability of homeowners, businesses and the wider economy to build resilience against natural disasters.
Eleuthera leads Family Islands over air arrivals
ELEUTHERA ranks second only to New Providence by leading all Family Islands for airborne visitor arrivals in 2022, it was revealed yesterday.
Chamber president: We must lead investment discussions
ELEUTHERA’S Chamber of Commerce president yesterday urged the Bahamian private sector to lead the discussion on the investments necessary to build a thriving national economy.
Disney: We’ll spend ‘100 plus years in Eleuthera’
DISNEY Cruise Line yesterday said it was committed to Eleuthera’s long-term growth by asserting that “we expect to be there for 100-plus years” with its Lighthouse Point destination.
