Bid to block foreign fishermen ban fails
Top fisheries processors, boat owners and foreign workers have lost their bid to block the Fisheries Act’s implementation despite arguing it would cause the “possible collapse or bankruptcy of their businesses”.
PM hails $350m Shipyard move
The prime minister yesterday said the government is working on “a new partnership agreement” with the Grand Bahama Shipyard’s cruise line owners as he hailed their $350m investment in two new dry docks.
FOCOL ‘won’t go past’ $12m on offer’s excess
FOCOL Holdings will retain some of “the oversubscription” on its recent $10m preference share issue, its chairman telling this newspaper: “In our minds we will not go past $12m”.
PM: Borrowing was matter of our ‘survival’
The prime minister yesterday defended the government’s multi-billion dollar borrowing as a matter of “survival” for The Bahamas and the only way to protect the most vulnerable amid COVID-19’s devastation.
PM fires warning shot over procurement whistleblower
The prime minister yesterday seemingly threatened to disclose personnel file details on a former government employee who wrote an article challenging the administration’s procurement reform implementation.
Restaurants praise ‘Vax Pass’ potential
Restaurant owners yesterday said the government’s promised digital vaccination certificate may have a greater impact on their business than the one-hour curfew reduction by facilitating indoor dining.
Vaccination stipulations may hit wedding revival
Bahamian wedding professionals yesterday argued that the COVID-19 vaccination drive will not necessarily succeed in opening up their industry as “the world is 50/50” on becoming inoculated.
Playing ‘catch up’ on $200m clinic needs
The Bahamas will always be “playing catch up” with public health infrastructure needs that could amount to $200m just to upgrade community clinics, a former Cabinet minister has revealed.
Businesses face fire amid COVID vaccine ‘games’
The director of labour yesterday accused the Opposition of “playing political games” over COVID-19 vaccinations as businesses come under increasing fire for encouraging staff to become inoculated.
BREA chief: Do ‘admirable thing’ for existing deals
The Bahamas Real Estate Association’s (BREA) president says it will be “the admirable thing to do” for the government to “honour” current VAT rates on high-end deals agreed before the budget’s unveiling.
Cruise returnees cause airport rush
The Bahamas must “go back to the drawing board” on the departure experience for Royal Caribbean’s home porting passengers after many were forced to wait two hours or longer to check-in with Bahamasair.
Bahamas and all IFCs to feel tax compliance pinch
An attorney writes that this nation is being pushed to implement a 'low tax' regime
The past decade has witnesses an historically significant increase in international tax compliance measures.
IDB guarantee sought for $700m borrowing
The government is seeking a $200m guarantee from the Inter-American Development Bank (IDB) to underwrite the bulk of its foreign currency borrowing in the 2021-2022 fiscal year, it was confirmed yesterday.
BTC: 7,000 homes on fibre by 2021 end
The Bahamas Telecommunications Company’s (BTC) chief executive says 7,000 homes will be added to its new fibre technology network by the end of 2021.
Govt touts 14,000 new SMEs created
The government yesterday sought to show its small and medium-sized enterprise (SME) focus is delivering results by reiterating that almost 14,000 such businesses have been formed since the 2017 general election.
