‘Caught in the act’ over soccer bribe chief deal
A senior Bahamian banker’s claim for wrongful/unfair dismissal, after he was “caught in the act” dealing with a key figure in world soccer’s bribery scandal, was yesterday rejected for a second time by the judicial system.
PM: Carbon credit drive to ‘supplant’ oil drilling
The Prime Minister yesterday suggested The Bahamas’ efforts to extract value from carbon credits will “supplant” oil exploration and extraction as a potential future multi-million dollar revenue source.
PM negotiates 38% discount on shipping container costs
The Prime Minister yesterday said he had negotiated a 38 percent “discount” on the cost of shipping containers coming into The Bahamas from the Far East as the Government ramps up efforts to combat soaring inflation.
Fears Treasure Cay will ‘die on the vine’
Treasure Cay residents yesterday voiced fears that the island will “die on the vine” unless the uncertainty surrounding the long-pending sale of its resort is urgently resolved so the economy can kick-start.
GB ‘is famous for pipeline projects’
A Grand Bahama businessman yesterday said the island is “famous for having things in the pipeline” and he will believe the Grand Lucayan has been sold when he sees it.
Year-long research crisis is debasing local science
As a Bahamian scientist, I am writing today out of deep concern, but also a renewed sense of hope. As you may have read in the OpEd by fellow Bahamian researcher, Candace Fields, last November, a crisis is developing for the Bahamian scientific community. In her eloquent article, Candace explained that more than a year ago we were thrown into chaos because, almost overnight, it became nearly impossible to secure approvals to do vital research and environmental conservation work in this country.
Defence Force rammers’ ‘lenient’ penalties upheld
The Court of Appeal’s president has declined to impose harsher punishment on three Dominican poachers who rammed a Royal Bahamas Defence Force (RBDF) vessel despite branding their original sentences as “lenient”.
Airbnbs: ‘Don’t wring them out like sponge’
The Government was yesterday warned against “wringing out vacation rentals like a sponge” amid fears it is targeting any growth industry for extra tax dollars in its haste to combat The Bahamas’ debt and deficit crisis.
BID to end ‘piecemeal’ Bay Street approach
The Downtown Nassau Partnership’s (DNP) co-chair yesterday renewed calls for Bay Street and surrounding areas to be designated as a Business Improvement District (BID) to escape the “piecemeal” approach to redevelopment.
AG: Minnis tax changes ‘threatened’ IBC sector
The Attorney General yesterday accused the former Minnis administration of endangering The Bahamas’ International Business Company (IBC) sector through ill thought-out changes to tax laws.
ART OF GRAPHIX: Overcoming adversity is the entrepreneur's role
Setbacks in business can provide lessons that generate long-term rewards in the future. We must accept that adversity happens to everyone at some point in life. Overcoming challenges is critical on the path to success, so dealing with them in a healthy manner is really important for entrepreneurs. Always remember that it is possible to bounce back from failure, and get back on track in no time, than to remain mired in misfortune. An entrepreneur is not defined by the number of times he or she fails, but what they learnt from those mistakes.
Bahamas targets ‘perfection’ on anti-financial crime rating
The Bahamas must achieve “perfection” and “40 out of 40” total compliance with anti-financial crime standards given the double standards often employed against it, the Attorney General said yesterday.
‘Intelligent’ planning to slash urban growth cost by $1.6bn
New Providence’s urban development costs could be slashed by $1.6bn over a 30-year period via “intelligent” planning, an Inter-American Development Bank (IDB) report revealed yesterday, as it urged “vexing challenges” be confronted.
DPM’s vacation rental ‘law breaking’ concern
The Government is aiming to roll-out a vacation rental register that could ultimately feature 10,000 properties in time for the May Budget, the deputy prime minister said yesterday, as he voiced concern over “law breaking” by some owners.
Bahamasair raises fares on $100k weekly fuel cost rise
Bahamasair has increased ticket prices on all domestic and international routes with effect from early April after its fuel costs soared by an “extra $100,000 per week”, its managing director revealed yesterday.
