Cruise liner hopes to hire thousands by 2021

Symphony of the Seas makes inaugural voyage to Nassau Executives of the Royal Caribbean Cruise line are hoping to double the employment of Bahamians to 3,000 by 2021, announced company President Michael Bayley during the inaugural voyage of the Symphony of the Seas to the port of Nassau on Wednesday. The ambitious goal, he said, […]

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Cabinet still considering way forward with Oban deal

While remaining mum on the likelihood of Oban Energies’ $5.5 billion oil refinery and storage facility project advancing, Minister of Labour Dion Foulkes said Cabinet was still reviewing a technical report that examines the original heads of agreement signed in February. Foulkes chairs the Cabinet subcommittee charged with examining the deal. Asked about the likeliness […]

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GB Tech Summit attracts hundreds

The second installment of the Grand Bahama Tech Summit kicked off in the nation’s second city on Wednesday morning and according to Kwasi Thompson, Minister of State for Grand Bahama, the event attracted a larger number of participants than initially expected. “We are actually oversubscribed. We had to close off online subscription and at that […]

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No lights at straw market discourages tourist spending

Opposition leader hears vendors’ concerns Sections of the world-famous straw market on Bay Street had no light for more than a year, and this has led many tourists away, claimed Irene Rolle, a Bay Street straw vendor of 50 years. “Many refused to come off the ship because they were told the market is too […]

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Aviation ministry sets eyes on new revenue outlet

The government can look forward to collecting a new stream of income in the coming months as the aviation ministry prepares itself to begin charging international carriers for flying through its airspace, according to Dionisio D’aguilar, Minister of Tourism and Aviation. D’Aguilar confirmed to Eyewitness News Tuesday that his ministry is in the is the […]

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BPL: No timeline for Clifton assets to return

Bahamas Power and Light (BPL) officials were unable to say yesterday how soon two critical assets that were being assessed by insurers as part of their investigation into several fires at the Clifton Pier Power Station in September, could be put back online. The loss of the DA-11 and DA-12 generators has forced BPL to […]

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PM touts govt’s stewardship of public finances

Declaring the nation’s public finances are being restored, Prime Minister Dr. Hubert Minnis heralded his administration reducing the annual deficit in half during the first quarter of the fiscal year. He indicated that while doing so the government has continued to make significant investments in education, entrepreneurship and anti-crime programs, among other initiatives geared toward […]

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FC Capital Investments donates $10,000 to Bahamas Feeding Network

It’s an investment that won’t preserve its capital or reap any monetary dividends but for FC Capital Investments Ltd. (FCCI), a wealth and fund manager providing sophisticated investment solutions to high-net-worth individuals, the $10,000 invested in the Bahamas Feeding Network as a part of its 10th anniversary celebration is money well spent. “With so many worthy […]

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Ministers meet with EU, OECD to discuss ending tax watchlist

Deputy Prime Minister and Minister of Finance,  K. Peter Turnquest, led a delegation to Brussels and Paris this week, for frank discussions with high-ranking officials within the European Commission and the Organization for Economic Co-operation and Development (OECD) on The Bahamas’ compliance with international standards on tax governance. The meetings also centered around the high-level […]

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Businesses granted duty waivers for apparel imports

The Ministry of Finance is inviting retail shoe and clothing merchants to take advantage of the customs duty waiver that is available to businesses to reduce the cost of importing goods. Since the policy was announced in July, with the start of the 2018/2019 budget year, the Ministry of Finance granted waivers to 154 applicants. […]

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BIA still seeking answers on NHI 2% tax

The  Bahamas Insurance Association (BIA) continues to question the proposed two per cent tax on salaries to fund the National Health Insurance Scheme expected to go into effect next year. Deputy Chairperson, Tina Cambridge said the potential of the program remains at a “wait and see stage” as there has been limited consultation with private insurers. […]

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PM says economy turning around

Prime Minister Dr. Hubert Minnis said the Bahamian economy is turning around economically. He also touted that job creation, strengthening the economy and improving the environment for businesses are top priorities of his administration. The prime minister’s comments came while officially opening the Securities Commission of The Bahamas Public Companies Forum at the British Colonial […]

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