Southern Air plane in transfer mishap
Southern Air executives yesterday confirmed one of its aircraft suffered “minor damage” due to a mishap that occurred when it was being moved for mechanical service.
Fire sparks closure of west New Providence restaurant
A well-known western New Providence restaurant has closed indefinitely after a fire caused “significant damage” over the Labour Day holiday weekend.
Airline plans to launch daily Cat Island service
A Fort Lauderdale-based airline is launching daily service to Cat Island on November 1, 2025, and has also unveiled plans to expand its route to Stella Maris, Long Island, at the same time.
Airline plans to launch daily Cat Island service
A Fort Lauderdale-based airline is launching daily service to Cat Island on November 1, 2025, and has also unveiled plans to expand its route to Stella Maris, Long Island, at the same time.
Ex-minister: Reforms let tax authorities ‘run amok’
A former Cabinet minister is accusing the Government of devising laws that permit the tax authorities to “run amok” over law-abiding businesses who are constantly placed at a disadvantage.
Bahamas hits Florida for tourism promotion
The Ministry of Tourism, Investments and Aviation is today launching a series of regional sales and marketing missions targeting one of The Bahamas’ most lucrative and closest markets, Florida.
BREA: VAT reforms ‘unequitable’ in law
The Bahamas Real Estate Association (BREA) has warned the Government it is “unequitable in law” to impose the compliance burden, and related penalties, for property sales VAT on its members.
Budget debate awaiting unfunded $4.1bn civil service pension reform
The Government is “expected to table in Parliament” legislation to tackle unfunded civil service pension liabilities - forecast to hit $4.1bn in only seven years’ time - during the current Budget debate.
Ex-AG’s warning of ‘disastrous consequences’ on law’s reform
A former attorney general is warning that legal reforms intended to combat real estate-related VAT evasion will have “disastrous consequences” for the industry and all related sectors if passed as is.
Realtor’s commission bid on $57m sale dismissed
A Bahamian realtor’s bid to be paid a 4 percent commission on the $57m sale of a prominent Lyford Cay property has been dismissed by the Supreme Court.
Gov’t touting vendor arrears cut, eyes accounting switch
The Government says it has further slashed payables owed to its vendors by a sum equal to 0.4 percent of gross domestic product (GDP) as it bids to switch to accrual-based accounting within two years.
Union chief ‘blindsided’ by civil service wage increase
The Bahamas Public Services Union (BPSU) president yesterday said he was “blindsided” by the Prime Minister’s pledge of imminent civil service pay rises and a $112m jump in the Government’s wage bill.
PM: Rating goal ‘ambitious’, may be longer than 3 years
The Prime Minister yesterday conceded his three-year timeline for restoring The Bahamas to ‘investment grade’ status is “ambitious” but asserted that achieving this is more important than how long it takes.
Opposition MP hits ‘desperation’ over $100m VAT evasion
An Opposition MP yesterday asserted the Government is enacting “desperation” measures to crack down on tax avoidance said to be costing it $100m annually, warning: “One day the well will run dry.”
PM accused of ‘deflection’ over $120m Grand Lucayan proceeds
The Opposition’s finance spokesman yesterday accused the Prime Minister of “deflection” after he failed to answer how much of the $120m Grand Lucayan sales proceeds have been paid to the Government.
