‘Unwitting front’ resists demand over dealings with now-Minister
A Briland tourism operator, who alleges he was “used as an unwitting ‘front’ to deceive” both the Government and Bahamian law, is battling demands from his estranged US business partner to hand over all correspondence with the now-Cabinet Minister who served as his former attorney.
‘Limited scope’ to slash jobless rate below 9%
The Bahamas has “limited scope” for cutting its unemployment rate below 9 percent without a major productivity boost or economic expansion, the Government’s own models and forecasts have predicted.
Budget hailed for targeting ‘Bahamian housing’s DNA’
Budget reforms that expand first-time home buyer VAT relief to multi-unit dwellings were yesterday hailed as boosting “the DNA of the Bahamian market” through making ownership more affordable and accessible.
Opposition MP blasts revised revenue target
The Opposition’s finance spokesman yesterday slammed the Government for the latest adjustments to its financial targets, and asserted: “The law is set to create fiscal discipline, not fiscal convenience.”
BPL blames Nassau outages on demand, network faults
Bahamas Power & Light (BPL) yesterday blamed multiple New Providence outages on equipment faults, underground cable failures and soaring electricity demand caused by an early summer heat wave, while maintaining that major network upgrades remain on schedule ahead of hurricane season.
Development Plan Bill eyes July tabling in Parliament
The National Development Plan’s chairman yesterday said legislation to support The Bahamas' long-awaited progress blueprint could reach Parliament before the end of July, while government ministries are now being assessed on their steps towards implementing its objectives.
MP to aid Kemp Roadgas station fire clean-up
Freetown’s MP has committed to help clean-up efforts following the recent blaze that destroyed Kemp Road Service Station as its proprietor awaits the results of an investigation into the cause of the fire.
Major Bimini resort faces weak summer
A major Bimini resort yesterday said it is expecting a weak summer with boating traffic and hotel occupancy lagging behind last year’s levels.
FNM demands ‘full transparency’on $700m borrowing, PPP liability
The Opposition has called for “full transparency and legal clarity” on the Government’s moves to place $700m net borrowings in the National Investment Fund and the “crystallisation” of $43m in public-private partnerships (PPPs).
Housing grows ‘1.5 times slower’ over vacancy and disrepair woes
The Bahamas’ housing inventory grew “1.5 times slower” over the 12 years to 2022 when compared to the previous decade, it has been revealed, with the decline blamed on a reduced pace of new-builds as well as more properties falling into disrepair and tenant-weary landlords.
Taxpayers owed $500m by loss-making SOEs
Bahamian taxpayers are owed half-a-billion dollars in outstanding loans by loss-making state-owned enterprises (SOEs), it has been revealed, with nine key government entities collectively plunging into “negative equity” with debt liabilities exceeding their assets.
Carmichael Village owners told: Your homes are safe
The Ministry of Housing has moved to reassure Carmichael Village purchasers that their homes and investments are safe while asserting it knew nothing of the connections linking the project’s contractor to the general election day plane crash drug accused.
Just 16% of Gov’t entities met Budget plan mandate
Just 16 percent of the Government’s ministries, departments, agencies and business entities (GBEs) heeded the Ministry of Finance’s call to submit annual and business plans as part of the 2026-2027 Budget preparations, it has been revealed, sparking pledges of a compliance crackdown.
$43m in PPP financing now ‘crystallises’ as Gov’t liability
More than 30 percent of $140m in public-private partnership (PPP) funding has now “crystallised” on the Government’s books as a debt that has to be repaid by Bahamian taxpayers, the Fiscal Strategy Report 2026 has revealed.
Gov’ts net worth valued from accounting switch
The Government’s long-promised switch to an accrual-based accounting system is forecast to “near completion within the next two years” and, for the first time-ever, enable an accurate valuation of what Bahamian citizens actually own.
