Minister: We stopped developer ‘free for all’
A Cabinet minister says the Minnis administration stopped a development “free for all” by introducing new laws and regulations similar to what foreign investors must comply with in their home nations.
‘Pent-up’ demand to invest post-election
Significant “pent-up demand” should fuel an increase in Bahamian capital market investment activity heading into 2022 with over $400m in transactions at various stages of readiness, a top banker said yesterday.
Businesses urge new Gov’t: Get COVID-19 under control
Business owners yesterday said they want the incoming administration to focus on controlling the COVID-19 pandemic so that The Bahamas can return to something resembling normality.
Forum aiming to ‘demystify’ COVID
TCL Group will this Monday host a virtual roundtable featuring multiple medical professionals in a bid to “demystify” the issues and concerns surrounding COVID-19.
Shipper forecasts further hikes in containers, rates
A shipping executive yesterday forecast that container prices and freight rates could increase by 200 percent over current market highs as the world continues to rebound from the COVID-19 pandemic.
Court dismisses bid to thwart tax disclosures
A Bahamas-domiciled company has been ordered to supply tax information to the Mexican authorities by October 15, 2021, after its legal challenge was dismissed by the Court of Appeal.
Multi-billion treasure opportunity ‘stalled’
The Bahamian head of a technology-driven underwater exploration group yesterday asserted that this nation has lost between $450m-$500m due to their proposal being “stalled” by government for three-plus years.
Lucayan’s fresh union row over seeking lay-off clarity
A trade union leader yesterday vowed “to oppose with every fibre in my body” the Grand Lucayan’s request that the Court of Appeal clarify whether employers can temporarily lay-off staff without pay.
Overflight fees start at $2m this month
The Government will collect around $2m in overflight fees by end-September from aircraft passing through Bahamian air space, a Cabinet minister disclosed yesterday.
Hotel Corp chief ‘ecstatic’ over Andros resort’s sale
The Hotel Corporation’s chairman yesterday said he was “ecstatic” that multi-year efforts to sell the Lighthouse Yacht Club and Marina had finally succeeded, likening it to “michaelangelo painting the Sistine Chapel”.
‘No intention’ to buy hotel initially
An Andros resort’s new owner has already hired 30 persons to help with site clearance as he yesterday revealed he initially had “no intention” of acquiring the property.
Atlantis incentivises staff to get vaccine
Atlantis launched a Vax for Cash incentive to encourage its 6,600 staff to all become fully inoculated against COVID-19. Team members who take the vaccine have the chance to win cash prizes.
Fishermen hail Dominican crackdown for better prices
Bahamian fishermen yesterday hailed the crackdown on Dominican poaching for helping to raise crawfish prices to $19 per pound and ensure a more plentiful supply.
Union initiates action on Immigration hires
The Bahamas Customs, Immigration and Allied Workers Union yesterday said it has initiated legal action against the Government for filling senior Immigration posts with persons from outside the civil service.
Facing up to the brutal facts
The idea of economic diversification has for too long become near taboo and is often misunderstood by many. The normal impulse it to react by saying: “Move to what?” Such a mindset needs urgent rehabilitation.
