Laing: Government must decide on how to proceed NASSAU, BAHAMAS –  The country’s World Trade Organization (WTO) accession has effectively come to a standstill, the nation’s chief negotiator has confirmed. Former state minister for Finance Zhivargo Laing told a recent National Forum on Standards Facilitating Trade, the country is nearing the ‘record setting’ for longest […]

Developer commits $500,000 to local institutions NASSAU, BAHAMAS – Briland Club Residences and Marina developer Michael Wiener said yesterday he was “thrilled” the project can now resume receiving approval from the Harbour Island District Council. A judge quashed the development’s permit and halted development in October after ruling the approvals granted by the Town Planning […]

NASSAU, BAHAMAS – With completion still about two years away, the high-end residential and resort development on Cable Beach known as GoldWynn hit the $50 million mark in sales under contract last week with interest exceeding expectation – an indication, said one executive, of a “continuing love of The Bahamas as well as an appreciation […]

NASSAU, BAHAMAS – The government has moved to lift the nearly-three decades long moratorium on the issuance of taxi plates, according to Bahamas Taxicab Union (BTU) president Wesley Ferguson. After 27 years, Ferguson told Eyewitness News Online the historic move was confirmed at a meeting with Transport minister Renward Wells yesterday. He welcomed the move […]

NASSAU, BAHAMAS –  Deputy Prime Minister K Peter Turnquest yesterday cautioned the Special Economic Recovery Zone (SERZ) for Hurricane Dorian tax relief is not a “universal tax holiday” or “free for all”. Turnquest outlined the tax relief benefits now available to hurricane affected residents of Grand Bahama, Abaco and the surrounding cays as he tabled […]

Aviation legislation to improve safety audit score and establish independent Air Accident Investigation Authority NASSAU, BAHAMAS- Amendments to the country’s aviation legislation that govern the investigations of air accidents could improve this country’s Safety Audit Score by 77 per cent, Tourism and Aviation Minister Dionisio D’Aguilar said yesterday. During his contribution to the debate in […]

France announces country added to its tax haven ‘blacklist’ NASSAU, BAHAMAS – France has added The Bahamas to its blacklist of tax havens, with Attorney General Carl Bethel telling Eyewitness News Online yesterday, “we are in discussion with French Authorities”. French media outlets have reported that France has added Anguilla, Virgin Islands, Bahamas and Seychelles […]

Dorian has placed further pressure on the fund NASSAU, BAHAMAS- Noting that Hurricane Dorian has placed further pressure on the fund,  the National Insurance Board (NIB) yesterday projected a “sizable deficit” between contributions income and benefit payments in 2020. In a statement yesterday, NIB said it has sought to prudently manage its resources by slowing […]