Derelict vehicle removal operation underway in Englerston

NASSAU, BAHAMAS — Urban Renewal, The Royal Bahamas Police Force, and The Ministry of Environment have partnered for a first-time initiative to remove derelict vehicles from inner-city communities. The project began in the Englerston community, and it is expected that 600 vehicles will be removed, according to environmental officials. Minister of the Environment and Natural […]

MORE FOR GRAND BAHAMA: Carnival Cruise Lines to invest an additional $100 million in Celebration Key

NASSAU, BAHAMAS — Carnival Corporation has announced plans for an additional $100 million investment in its Celebration Key development, bringing its total investment to $600 million. On Thursday, the world’s largest cruise line revealed plans for a $100 million pier extension that will double the arrival capacity of Celebration Key, Carnival Cruise Line’s new exclusive […]

AG: Bahamas supports abolishing ‘blacklists’

NASSAU, BAHAMAS — The Bahamas staunchly supports the abolition of so-called ‘blacklists’ in international tax policy compliance, with Attorney General Ryan Pinder noting their lack of objectivity and fairness and their devastating impact on the economies of small developing states. Pinder, while addressing the 6th Meeting of the Ad Hoc Committee to Draft Terms of […]

PM: Government not supporting privatization or shutdown of state-owned enterprises

NASSAU, BAHAMAS — Prime Minister Philip Davis stated on Wednesday that despite the continued need for significant government subsidies, the government does not advocate for the shutdown or privatization of state-owned enterprises, citing their significant social benefits across the country. During his mid-year budget statement in Parliament on Wednesday, the Prime Minister emphasized: “State-owned enterprises […]

Deltec denounces “meritless” allegations in new lawsuit, asserts it had no prior knowledge of FTX misconduct

NASSAU, BAHAMAS — Deltec says that it will vigorously defend against what it deems as “meritless claims” amidst allegations in a new lawsuit, with the bank maintaining that it did not know about FTX misconduct. The lawsuit alleges that Sam Bankman-Fried’s Alameda Research artificially inflated the growth of the cryptocurrency Tether using a secret short-term […]