Bowe: LNG deal with Shell represents “slave arrangement”

NASSAU, BAHAMAS – Bahamas Power and Light’s (BPL) contract with Shell North America to construct a new generation and liquefied natural gas (LNG) plant at Clifton Pier represents a long-term “slave arrangement” for the Bahamian people, according to businessman Ethric Bowe. Instead, Bowe said The Bahamas should be pushing toward total solarization. “Right now, everybody […]

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Sears: Eliminate ‘ring-fencing’ and level the playing field in the gaming sector

NASSAU, BAHAMAS – While certain financial institutions are afforded the opportunity to engage in broad-based consultation with the government, attorney Alfred Sears on Sunday expressed that Bahamian gaming house operators have not been given the same consideration. Sears is now calling on Deputy Prime Minister and Minister of Finance, K. Peter Turnquest to level the […]

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Moore suggests Oban pushback premature

Despite repeated calls from the opposition and environmentalists for the Minnis administration to scrap the Oban Energies deal, founding member of the Free National Movement (FNM) Maurice Moore suggested that push is premature. While Moore acknowledged the government did not execute the original agreement “carefully enough before they made a communication on it”, he pointed […]

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New Year to bring several ‘ease of doing business’ reforms for starting a new business

NASSAU, BAHAMAS – The Ministry of Finance will roll out a provisional business license in the New Year to significantly reduce the time it takes to start a new business. This addition was approved by Parliament during the 2018/2019 budget exercise, and will be implemented by the Department of Inland Revenue in the first quarter […]

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Change in business license fee structure

NASSAU, BAHAMAS – In an effort to satisfy and comply with international tax standards outlined by the European Union (EU), some Bahamian business owners will experience a change in their annual business license fees this year, according to Peter Turnquest, Deputy Prime Minister and Minister of Finance. “It is important to point out that the […]

Netherlands blacklisting “premature”

NASSAU, BAHAMAS – The Dutch government’s inclusion of The Bahamas to its tax haven black list is “premature” and “disappointing”, according to Deputy Prime Minister and Minister of Finance Peter Turnquest, who said the move goes against the very tenet of the multilateral approach and common standards established by the European Union (EU). “We are […]

$25 million marketing campaign pushes Baha Mar’s 2018 end of year occupancy to 100%

NASSAU, BAHAMAS – Although the Baha Mar resort is considered the “new kid on the block,” in the hotel industry; the multi-million-dollar development, with three different brands in its portfolio, finished 2018 with occupancy at 100 per cent. Graeme Davis, President of Baha Mar, asserted that the hotel’s $25 million marketing campaign is to thank […]

Private airport operators in need of another runway

NASSAU, BAHAMAS – As the Ministry of Tourism has dubbed 2018 as “the best year for tourist arrivals,” private airport operators in New Providence are hoping to see some improvement in airport infrastructure, mainly with the construction of a new runway. The airport operators at Odyssey and Jet Aviation told Eyewitness News Online that they […]

CCC wants solar power plants in GB

Group launches petition to lower power bills   NASSAU, BAHAMAS – A power company has made application to the government to create solar power plants that will reduce Grand Bahama’s electricity bills by 33-43 per cent, Pastor Eddie Victor, a member of the Coalition of Concerned Citizens (CCC) claimed on Friday. “We shared with the […]

Davis: PLP would support campaign finance legislation

NASSAU, BAHAMAS – Progressive Liberal Party (PLP) Leader Philip Brave Davis said the opposition will support legislation to regulate campaign finance reform, but will review what the Minnis administration eventually introduces in Parliament before committing further. Ahead of the last election, Free National Movement Leader Dr. Hubert Minnis pledged that if elected his government would […]

Preferred bidder on Nassau’s cruise port delayed

NASSAU, BAHAMAS – The government will delay its evaluation period and ultimate decision on which entity will develop and operate the Port of Nassau until the first quarter of 2019 to allow stakeholders and public servants involved in the process an opportunity to recognize the upcoming holidays, Eyewitness News Online can confirm. Bids were submitted […]

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Davis: Govt. exercising “wishful thinking” with Grand Lucayan

Govt. hopes to sell resort in the first quarter of 2019   NASSAU, BAHAMAS – Opposition Leader Philip Brave Davis said the government’s pronouncement that it could operate the Grand Lucayan Resort at a profit before its resale is not grounded in evidence and appears to be more “wishing thinking” on the part of the […]

Scott: Grand Lucayan board awaiting Cabinet signoff for VSEPs

NASSAU, BAHAMAS – Michael Scott, the Grand Lucayan’s chairman, said yesterday that the resort’s board is awaiting Cabinet sign-off to conclude the voluntary separation packages (VSEPs) offer for the more than 200 employees who have applied. “The matter is with Cabinet,” he said when contacted. “We’re waiting for the final approval so we can pay […]

GPH prepared to invest an estimated $250 million to transform port

NASSAU, BAHAMAS – Global Ports Holding (GPH), one of three companies in the running to redevelop and manage the Port of Nassau, revealed Wednesday that it is prepared to invest an estimated $250 million into transforming the country’s main gateway. Colin Murphy, Head of Business Development for GPH Americas revealed a number of GPH’s proposed […]

The Bahamas snags two top best Caribbean awards

NASSAU, BAHAMAS: The Islands of The Bahamas continues to dominate tourism in the Caribbean. So says Caribbean Journal which bestowed on the destination two key awards in its Caribbean Travel Awards 2018: Best Caribbean Destination and Best Caribbean Tourism Minister. Caribbean Journal is the world’s largest website covering Caribbean travel and tourism. Editor and Publisher […]

S&P maintains Bahamas’ credit rating

BB+/B rating with “stable” long-term outlook NASSAU, BAHAMAS – Credit ratings agency Standard and Poor’s (S&P) has affirmed The Bahamas’ sovereign credit rating and ascribed a “stable” long-term outlook due to an expectation of further fiscal consolidation and moderate economic growth over the next one to two years. The Bahamas’ credit rating was affirmed as […]

RCCL CEO: Port proposal incorporates Bahamian ownership

Cruise lines to focus on realizing potential of the destination if successful   Royal Caribbean Cruise Lines (RCCL) President and CEO Michael Bayley said yesterday that the proposal submitted by a consortium of cruise companies to redevelop and operate the Port of Nassau “absolutely encourages Bahamians ownership, and participation”. “Our proposal encourages Bahamian ownership, participation […]

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