Minister slams ‘lackadaisical’ investor compliance stance
A Cabinet minister yesterday slammed the Government’s “lackadaisical” efforts in ensuring investors live up to their Heads of Agreement obligations, adding: “There’s plenty of blame to go around.”
UK resort group to buy downtown hotel
A DOWNTOWN Nassau resort that has defaulted on its debt is due to be sold to a major UK-based hotel group in a deal set to close on February 22, it was revealed yesterday.
ART OF GRAPHIX: Internet presence critical to survival
Does my business really need a website? The answer is: ‘Yes, it does’. If you are a small business owner, you have probably had someone tell you to get a website. But why should you? There are not many businesses that can survive without an Internet presence, and there is no reason not to have one.
Land ownership: ‘Nothing infuriates Bahamians more’
The Opposition’s Senate leader yesterday argued “nothing infuriates Bahamians more” than obstacles to land ownership amid bipartisan agreement that reforms in this area are “a vexing issue”.
Exclude Dorian-hit Bahamians from VAT construction ‘dragnet’
An ex-Cabinet minister yesterday pleaded with the Government to exclude Bahamians from “the dragnet” created by VAT’s reimposition on construction services in the Dorian-devastated islands.
Marina slowdown causing ‘freak out’
The Association of Bahamas Marinas (ABM) president says “it’s kind of freaking me out” that there has been a “noticeable” slowdown in boating/yachting traffic ahead of the Spring season’s peak.
Competitiveness boost on 70% of civil disputes
The Chief Justice yesterday said wide-ranging reforms to the Bahamian courts’ Civil Procedure Rules will “make the jurisdiction more competitive on dispute resolution” in 70 percent of such cases.
Rejected Post Office PPP may be revived
A Cabinet minister yesterday said the Post Office public-private partnership (PPP) entered into by the Christie administration may be revived after a proposal was resubmitted to the Government.
Cruise ship arrests: ‘No cost to the Gov’t’
The Port Department’s acting controller yesterday confirmed that the arrest of Crystal Cruises’ two vessels comes at “absolutely no cost to The Bahamas’ government”.
Old Fort Bay developer loses marina expansion appeal bid
A Supreme Court judge yesterday rejected the bid by Old Fort Bay’s developer for permission to appeal her ruling on its marina expansion as battle with the community’s homeowners continued.
Tourism’s call: ‘Eliminate’ 48-hour COVID testing
The Government was yesterday urged to eliminate the 48 hour in-country COVID testing requirement for all tourists and make The Bahamas “more competitive” for the peak winter season.
Fund’s record $75m inflow builds RF Bank ‘war chest’
A Bahamian investment bank yesterday said it expects to match last year’s record $75m inflow into its fixed income fund and further build a “war chest” to deploy as possibilities emerge in 2022.
IDB pledged $59m Bahamas savings through guarantee
The Bahamas would save $59m per year via a $200m guarantee from the Inter-American Development Bank (IDB) to underwrite a proposed foreign currency bond issue, it has been asserted.
Sisters-in law’ ‘take leap’ on authentic Bahamian brands
A sister-in-law duo yesterday said they are “taking a leap” by opening a downtown Nassau store designed to place “authentic” Bahamian brands within easier reach of tourists and locals.
Ex-judge and QC fight over who should be paid costs
An ex-Supreme Court judge and top QC are battling over who is entitled to receive $114,793 in costs awarded with Western Air’s successful $1.5m claim against the Airport Authority.
