Bahamian aviation no longer ‘a poor orphan’
A Bahamian aviation attorney yesterday said the industry will “no longer be neglected like a poor orphan child” after this nation ended a near 60-year wait to charge planes for using its air space.
‘Very confident’ of hitting fiscal goals while deficit triples
The Ministry of Finance’s top official yesterday said the government remains “very, very confident” it will meet this fiscal year’s $1.327bn deficit target after running up $878m in “red ink” year-to-date.
QC rejects AG’s assertion on PI crown land fight
The QC acting for a Bahamian developer in his Paradise Island crown land lease dispute yesterday rejected the attorney general’s assertion that his client’s legal case was “going nowhere”.
Bahamas targets $40m in annual overflight fees
A Cabinet minister yesterday said the government expects to earn up to $40m per year to finance the country’s civil aviation sector from newly-introduced fees on aircraft using The Bahamas’ air space.
Web shops: Patron winnings tax halted
The long-awaited tax on web shop patrons’ winnings has been further delayed by another legal challenge from the domestic gaming industry, it was revealed yesterday.
Sun Oil chair mum on ‘contaminated’ BPL fuel assertion
Sun Oil’s chairman yesterday refused to be drawn on assertions by the deputy prime minister that it had supplied “contaminated fuel” to Bahamas Power & Light (BPL).
Financial delinquents warned: Time almost up to restore health
Delinquent Bahamian borrowers were yesterday warned time is rapidly running out to restore their financial health with the country’s first-ever credit bureau set to issue its initial reports as early as May.
‘All for nought’ if COVID outbreak not contained
The recent easing of COVID-19 travel restrictions and other moves to revive the tourism economy will “all be for nought” unless the current case surge is contained, a top hotel executive is warning.
Bank chief hopes Bahamians will have ‘learned their lesson’
The Clearing Banks Association’s chairman yesterday said he hopes Bahamians have “learned their lesson” from COVID-19 about the need to withstand economic catastrophe by building-up savings.
AG admitted that Royal Caribbean ‘unreasonable’
The attorney general previously admitted to the Bahamian developer battling for a Paradise Island crown land lease that Royal Caribbean was being “unreasonable” with its rival demands.
Stopover tourists 40% below pre-COVID level
A Cabinet minister yesterday said that while monthly stopover tourist arrivals are steadily increasing their numbers are still less than 40 percent of pre-COVID-19 levels.
Mixed Bimini reaction to $40m airport PPP
Bimini businesses and tourism operators yesterday gave a mixed reaction to plans by the island’s largest investor to take over its airport, with some hailing the move but others branding it “apocalyptic”.
Hotels enjoy steady uptick without COVID test cease
Bahamian hotels yesterday said eliminating the COVID-19 RT-PCR test for fully vaccinated visitors has yet to boost future bookings as business continues to recover from the COVID-19 pandemic.
Minister’s ‘rising frustration’ over vaccination hesitancy
A Cabinet minister says daily reports on the growing COVID-19 surge are making him “ever-more frustrated” with the “hesitancy” of many Bahamians to become vaccinated and aid economic revival.
Bimini’s top investor in $40m airport proposal
Bimini’s largest investor has submitted a $40m proposal that would see it transform and take over the management of that island’s airport, a senior government official revealed yesterday.
