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.
Pre-COVID ‘comeback’ still $3bn off GDP target
The Bahamas must focus on “how we grow from here” because returning to pre-COVID’s $13bn economic output is “not sufficient to take the ship of state forward”, a governance reformer argued yesterday.
Ex-BNT chief fears PI dangerous precedent
Bahamians “should be very concerned” that Royal Caribbean’s Paradise Island project sets a precedent that will allow other cruise lines to develop their own private destinations near Nassau, an ex-National Trust chief warned yesterday.
Heroic $6.2m investment creates 70 concrete jobs
A Grand Bahama businesswoman is investing $6.2m in a concrete plant operation that will create up to 70 jobs over the next 12 months as it “ramps up” to full operations following its April 22 ground-breaking.
PI entrepreneur says new evidence found
The Bahamian entrepreneur battling to restore Paradise Island’s lighthouse is seeking the Court of Appeal’s permission to introduce new evidence he says he has uncovered relating to his disputed Crown Land lease.
DEREK SMITH: Compliance is critical to corporate success
A compliance programme is an indispensable element for any company as it helps to prevent, detect and remedy potential violations of law and corporate policies.
‘Resorts and food’ double GDP impacts by $550m
THE Bahamas’ tourism-driven recovery saw “accommodation and food services” and the transportation sectors lead the way in returning 2022’s economic output to pre-COVID performance.
