Farmers ‘frustrated’ by rampant red tape
An agriculture entrepreneur yesterday urged multiple government ministries to slash the bureaucratic processes that are “frustrating” farmers and impeding a “time sensitive” industry.
GB Power in 25-year east, west extension
Grand Bahama Power Company yesterday confirmed its East and West End electricity supply agreements have been extended for a further 25 years - a revelation not met with universal acclaim.
PI entrepreneur confident in new Gov’t on lease fight
The Bahamian entrepreneur locked in a legal battle with the Government over his Crown Land lease on Paradise Island yesterday voiced optimism the new administration will come to his rescue.
Tour operators renew yacht charter tax call
Bahamian excursion operators yesterday renewed their call for VAT and National Insurance Board (NIB) contributions to be levied on foreign yacht charters so that they pay a fairer share of taxes.
Export agency seeks ‘orange economy’ link
A Caribbean export agency yesterday said it is seeking to partner with the Government to enable The Bahamas’ cultural and creative industries to fulfill their true economic potential.
Ex-BAIC manager’s $134k win over ‘radio show’ firing
A former Bahamas Agricultural and Industrial Corporation (BAIC) manager has won more than $134,000 after he was fired for allegedly sitting in his vehicle and joining in radio talk shows.
Ex-PM signed off $40m loan day before election
A Cabinet minister yesterday said he had no problem with Dr Hubert Minnis committing The Bahamas to a $40m loan one day before the general election as it has secured vital health funding.
Bahamas broker: $440m action out in under four days
Four Ukrainians yesterday withdrew a lawsuit alleging a $440m fraud against a Bahamas-based broker/dealer just four days after it was filed in the southern New York federal district court.
Yacht show to more than double in size
The Bahamas Charter Yacht Show will more than double in size for the upcoming 2022 event compared to its launch three years ago, the Association of Bahamas Marinas (ABM) president says.
AG urges IT audits in Pandora Papers wake
The Attorney General has urged all Bahamian financial services firms to assess IT security following the Pandora Papers’ disclosures since such leaks can “deal a devastating blow” to the sector.
‘Put a spigot in great wall’ around Bahamas
The Bahamas must strike a balance between “putting a spigot in that great wall” of foreign exchange control and not being “crowded out” by the outside world, a crowdfunding chief said yesterday.
BPL: 63% of Abaco customers connected
Bahamas Power & Light’s (BPL) chief operating officer says just 63 percent of the company’s Abaco customers have “returned to base” after Hurricane Dorian devastated the island in 2019.
Crowdfunder hits ‘tourist tech’ path
One of the first entities to seek capital in The Bahamas via crowdfunding says it has created “tourist-tech” via technology that co-ordinates the visitor experience in-country.
‘Make Abaco the second Freeport’
Abaco’s Chamber of Commerce president yesterday called for the Dorian-ravaged island to be designated as a ‘second Freeport’ to further spur its recovery from the devastating storm.
Bank branches shrink 30% in seven years
The number of commercial bank branches in The Bahamas has declined by almost 30 percent over the past seven years, the Central Bank’s governor revealed yesterday.
