Island Luck ‘back to business’; deal may trouble rivals
Island Luck’s attorney says his client plans to “get back to business” following the tax settlement with the government, while conceding the deal “may create a problem” for other web shops.
Landfill manager eyes $20m raise
The New Providence landfill’s incoming manager has moved “in earnest” to close the initial $20m financing it requires with the ink barely dry on its deal with the government.
Union blasts govt as BTC ‘anxiety’ grows
The Bahamas Telecommunications Company’s (BTC) line staff union is warning that worker “anxiety” is increasing as it blasted the government’s “hands-off approach”.
Bimini a ‘Virgin’ cruise location
Sir Richard Branson has revealed that Bimini will feature in all voyages once his Virgin Voyages cruise line opens for business in 2020.
LNG transfer first for The Bahamas
The first ever ship-to-ship (STS) transfer of liquefied natural gas (LNG) in The Bahamas was completed on February 7 at Grand Bahama’s South Riding Point terminal.
Movies Masters series back in The Bahamas
The Movie Masters lecture series returns to Nassau and Grand Bahama this month to give Bahamian local access to Hollywood professionals.
BPL eyes ‘comprehensive push’ to keep the lights on
Bahamas Power & Light’s (BPL) chairman says that the utility is eyeing more “comprehensive” initiatives than reconnection deals to help customers keep their lights on.
BPL ‘really killing’ hotels on fuel cost
HOTEL operators have warning that Bahamas Power & Light’s (BPL) fuel charge “is really killing us” as they again lamented the impact of high electricity costs on sector profitability.
Taxing times for far-flung family islands
Roderick Simms writes that 'tax-free zones' should be considered to stimulate growth in remote parts of The Bahamas
The Bahamian government’s move to increase value-added tax (VAT) last year will have an adverse impact on southern Family Islands and, by extension, all Out Islands. Therefore, the government should consider making these islands economic “tax-free zones”. While the 4.5 percentage point increase will impact consumers across all islands, the brunt will be felt by those living in the southern Family Islands - particularly those that have yet to fully recover from major hurricanes that severely impacted them between 2015 to 2017.
URCA names director for communications industry
Veteran journalist and broadcaster, Carlton Smith, has joined the Utilities Regulation and Competition Authority (URCA) as director of electronic communications (DEC).
Bahamas broker blasts ‘sham’ US investigation
A Bahamas-based broker/dealer yesterday accused US federal regulators of “doing everything in their power to harm” its business through a six-year probe it branded as “a sham”.
‘Sell, sell, sell’ BOB even with 164% profit rise
The government’s priority with Bank of The Bahamas (BOB) must be to “sell, sell, sell”, a prominent minority shareholder argued yesterday, despite half-year net income increasing by 164 percent.
Bahamas Ferries ‘road map’ survives planning go-ahead
All parties to the Bahamas Ferries controversy in Abaco are sticking to the agreed resolution “road map” after it was almost derailed by an unexpected planning approval.
Bahamas urged: Challenge EU in global court
The Bahamas must explore “a legal challenge” to the European Union’s (EU) latest attack before the International Court of Justice, an ex-attorney general urged last night.
$45m landfill ‘transformation’ to happen within six months
THE New Providence landfill’s new manager yesterday pledged Bahamians will start to see a “transformation” of the facility within six months, as it bids to extend its life by 35 years.
