PM: Financial bills will keep sector competitive
A COMPENDIUM of financial bills passed in Parliament yesterday will ensure the country’s continued adherence to international standards set by the Financial Action Task Force (FATF), said Prime Minister Philip Davis.
Abaconians: We contribute - so why don’t we get support?
Abaconians are calling for more attention to be put on the island’s infrastructure needs, especially given the economic impact it makes on the country.
Union says foreign musicians are harming Bahamian artists
Foreign artists are taking the bread out of Bahamian artists’ mouths, according to the United Artists Bahamas Union (UABU).
Super Value chief: Tariff hits yet to wash through
Super Value’s owner yesterday said it has suffered just one price hike from the US-China trade war with local businesses warning there is no room to relax despite the rivals’ 90-day tariff ‘pause’.
‘Everyone praying this home run’ on Grand Lucayan sale
A former tourism minister yesterday asserted “everyone is praying this is a home run” ahead of tomorrow’s Heads of Agreement signing for the Government’s third attempt to exit the Grand Lucayan.
Attorneys voice concern over critical land reforms
Attorneys are voicing concerns over key aspects of the Government’s proposed land reforms including how the transition to registered land is handled and the ability to handle adjudication decisions.
Court rejects tax auction bar; property already sold
A Bahamian company’s bid to prevent the Government from auctioning off its property to recover tax arrears has been rejected because a sale had already been agreed prior to a previous injunction.
Abaco resort invests $250k to battle housing shortages
The Bluff House Beach Resort and Marina has invested more than $250,000 into staff accommodation in a bid to resolve Abaco’s housing shortage and attract more skilled workers.
Arrest warrants issued for officers absent from inquest
CORONER Kara Turnquest-Deveaux issued arrest warrants and imposed $5,000 fines on several police officers, including the lead investigator, after they failed to appear in court for the inquest into the fatal police shooting of 27-year-old Dino Bain.
Sports calendar May 13
THE Bahamas Triathlon Association has announced that its 6th Aquathlon/Triathlon National Championships is scheduled for from May 24-25 in Jaws Beach. The event is open to all athletic levels. For more information, interested persons can visit bahamastriathlon.org.
Gov’t abandons $12m VAT bid on $128m cruise ships
The Government has abandoned its bid to obtain $11.636m in VAT on the $128m sale of two cruise ships after the same tax claim was also dismissed by the Supreme Court.
Grand Lucayan deal has to be ‘destination driver’
A Freeport resort operator yesterday asserted that a revamped Grand Lucayan needs to “be the driver of the destination”, adding: “It is high time to put us back on track.”
Give construction ‘attention’ to drive GDP growth to 5%
The Bahamas could more than double its average economic growth rate to “well over 5 percent” if it gave residential construction “the attention it deserves”, a leading contractor argued yesterday.
Bahamas ‘well-placed trade hub’ amid Trump’s tariff war
The UK is working to cement “better, stronger ties” with Commonwealth countries including The Bahamas following the Trump administration’s tariff imposition on all trading partners, a senior official said.
‘Opportunity if we act on normalised dysfunction’
Not all Bahamian businesses were yesterday said to have felt the 3.4 percent expansion in the country’s gross domestic product (GDP) for 2024 as measured by the National Statistical Institute.
