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 […]

FACT CHECKING: Opposition questions govt’s numbers for promotional exercises

NASSAU, BAHAMAS — Leader of the Free National Movement (FNM) Michael Pintard, while applauding the government’s promotion of public servants during this fiscal period, noted that the prime minister’s accounting figures on those promotional exercises must be fact-checked. The nation’s leader, during his Mid-Year Budget Presentation in the House of Assembly Wednesday morning, noted that […]

FNM says govt is out of touch after PM’s mid-year budget presentation

NASSAU, BAHAMAS — Leader of the Opposition Free National Movement (FNM) Michael Pintard said the Prime Minister’s Mid Year Budget Presentation, made in the Lower Chamber Wednesday morning, was out of touch with the reality of economic struggles faced by everyday citizens. The Prime Minister’s presentation covered government’s revenue intake, expenditure, deficit and new tax […]

WHERE WILL WE GO? Vendors on the Prince George Wharf given until March 15 to relocate

  NASSAU, BAHAMAS- Vendors located on the Prince George Wharf have been given until March 15, 2024 to close and relocate their small businesses as a result of ongoing revitalization efforts in Downtown Nassau. Vendors received a letter from The Ministry of Tourism on February 15, 2024 which advised that their businesses, which were granted temporary […]

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 […]

Bahamian NBA star Buddy Hield receives his official appointment as Ambassador at Large for The Bahamas

    NASSAU, BAHAMAS- Bahamian NBA star Buddy Hield has been presented with his credentials, as the newly appointed Ambassador at Large, by Prime Minister Hon. Philip Edward Davis during a ceremony at the Office of the Prime Minister this morning. Ambassador Hield was drafted to the NBA in 2016 and since entering the league he […]