‘Stars are aligning’ over $3m Nassau Gas raise
A Bahamian propane gas (LPG) dealer yesterday said “the stars are aligning” as it seeks up to $3m from Bahamian investors to finance its ambitious growth strategy throughout the country.
Gov’t goes high-tech for taxes 5% up on Budget
The Government is employing satellite imagery and artificial intelligence (AI) to boost revenue collections that are 4-5 percent ahead of projections for the 2022-2023 fiscal year to-date, a top official disclosed yesterday.
HUBERT EDWARDS: Governance of SOEs critical to ‘end game’
I have consistently argued that Bahamian policymakers must move urgently to implement structural reforms so as to influence the country’s economic fortunes.
Gov’t ‘not pursuing’ BPL’s $535m bond
A CABINET minister yesterday affirmed that the proposed $535m Bahamas Power & Light (BPL) refinancing is not being “pursued at this time” but was less definitive on Shell’s New Providence power plant deal.
Erosion at Junkanoo Beach under review
THE Government has been provided with an update on the Bahamas Building Code review that is being undertaken by an international engineering consultant, a Cabinet minister said yesterday.
Exuma cay’s deterrent to ‘frivolous’ land claims
The Chief Justice’s ruling on an Exuma cay was yesterday hailed as “a deterrent to frivolous and vexatious” land ownership claims that undermine economic growth, investment and development in The Bahamas.
‘Sooner the better’ for end to mask mandate
A top hotelier yesterday asserted that the Government will “secure tourism’s continued upward momentum” if it eliminates the remaining COVID travel restrictions, adding: “The sooner we do it the better off we will be.”
DPM seeks to reassure on Grand Lucayan sale
The deputy prime minister yesterday sought to reassure Bahamians that the Grand Lucayan sale remains on track by confirming the prospective buyer is still conducting "investigations" into all aspects of the purchase.
Price increase fear on Abaco port PPP
The reconstruction of Marsh Harbour’s Dorian-devastated commercial shipping port is “just not happening fast enough” amid fears the Government’s preferred public-private partnership (PPP) model will further fuel price increases.
AML targets further $2m store upgrades
AML Foods plans to invest $2m in 2023 upgrades to its existing Solomon's Fresh Market stores and Cost Right Freeport as it strives to be a "catalyst" for the revival of that city's downtown area.
Abaco partners offer $4m Dorian memorial
Abaco’s local government and non-profit groups are offering to partner in creating a near-$4m memorial to Hurricane Dorian victims that will also give Marsh Harbour’s shipping port room for much-needed expansion.
Law firm-bashing investors win Cay
Foreign investors, who launched a full-blooded online assault against a top Bahamian commercial law firm after their ownership of an Exuma cay was challenged, have triumphed in their dispute before the Supreme Court.
Doctors is ‘coming in hot’ on bed shortage
Doctors Hospital is “coming in hot” with a multi-million dollar investment in upgrading its healthcare infrastructure that aims to narrow The Bahamas’ bed shortage compared to global benchmarks.
Family Island hotels targeting 90% pre-COVID room nights
Family Island hotels can hit 90 percent of pre-COVID room nights sold with a strong over 2022’s final quarter, a senior tourism is predicting, voicing optimism the sector will “get closer” to its targets.
New Tunes
ActivTrades
THE Music industry has been in a state of transformation since the Internet’s launch in 1999.
