Atlantis, cruise port: ‘Room’ for PI lighthouse restoration
Atlantis and the Nassau Cruise Port both say there is “room” for a restored Paradise Island lighthouse to provide an “iconic” visitor experience and boost New Providence’s status as a tourism destination.
Kwasi Thompson: IMF holds ‘serious concern’ on fiscal reforms
The Opposition’s finance spokesman yesterday asserted that the International Monetary Fund (IMF) had voiced “serious concerns” over legal reforms that seemingly reduce the Fiscal Responsibility Council’s (FRC) independence.
Gov’ts Central Bank debt soars 85% on IMF SDRs
The Government’s controversial borrowing of IMF special drawing rights (SDRs) reversed five years of decline by causing its net debt to the Central Bank to soar by 85.4 percent to $805.6m.
New Procurement Act to end large firm ‘dominance’
The Prime Minister yesterday said the Government’s digital procurement platform has generated $2.6m savings in just four months since its launch as he slammed his predecessors for giving large firms “dominance” in contract awards.
Sir Franklyn: Gas woe ‘won’t cripple country’
FOCOL’s chairman yesterday said he was “very confident a solution will be found” to the Bahamian petroleum industry’s financial woes, and added: “This will not be fatal to the country.”
PM: Halting gov’t waste remains ‘a high priority’
THE PRIME Minister yesterday pledged that eliminating waste of taxpayer monies is a “high priority” while blasting legislation passed under the former Minnis administration as “unworkable”.
‘Compelling reasons’ absent over public finance reforms
THE OPPOSITION’S finance spokesman yesterday urged the Davis administration to provide more “compelling reasons” to justify reforming the Public Financial Management Act 2021.
PM says PI’s lighthouse developer must reapply
The Bahamian entrepreneur seeking to invest $2m to restore Paradise Island’s lighthouse was yesterday invited by the Prime Minister to reapply for government approval of his project.
Gas station operator’s relief faith ‘now 120%’
A gas station operator yesterday said his faith was now “120 percent” restored over the Government’s intention to provide relief for the sector’s plight following Monday’s meeting with the Prime Minister.
Bahamas could gain $140m from 15% minimum taxation
The Bahamas could earn $140m in revenue from the global tax crackdown on major multinationals, a Cabinet minister disclosed yesterday, while suggesting the initiative is the first step towards “one tax rate for all”.
PI project concern over ‘compelling opportunity’
A senior Atlantis executive yesterday warned that concerns over Royal Caribbean’s Paradise Island project could harm downtown Nassau’s revival and “the most compelling real estate opportunity in The Bahamas” if not resolved.
ATLANTIS: DEAL WITH CONCERNS HEAD ON – RCI urged to address environment worries for $100m beach club
A senior Atlantis executive yesterday urged Royal Caribbean to tackle “head on” the concerns raised over its $100m Paradise Island beach club by providing “a more robust” Environmental Impact Assessment (EIA).
HUBERT EDWARDS: Create environment private sector ‘can sink teeth into’
There are two important points in time to reflect on. First, the 2022 Fiscal Strategy Report (FSR) emerged after the half-way point of the current fiscal year.
‘First in a long time’: Minister hails primary budget surplus
A CABINET minister yesterday hailed the mid-year Budget’s $4.9m primary surplus as “the first in a very long time” and a signal that The Bahamas is no longer having to borrow to pay interest on its existing debt.
BISX-listed fund targets storage drive to $100m
A BISX-listed fund is entering New Providence’s warehouse and storage space market to help drive ambitions of more than doubling in scale to some $100m in assets.
