Carnival Cruise Lines GB cruise port likey to surpass 2.2 million annual visitor projections

NASSAU, BAHAMAS — Carnival executives said yesterday that its Celebration Key cruise port destination in Grand Bahama will likely surpass the initial projections of 2.2 million annual visitors, noting that the goal is to make the $500 million development “authentically and uniquely Bahamian.” Carnival Cruise Line held a Town Hall meeting at Margaritaville Resort Monday […]

IMF recommends The Bahamas implement corporate income tax and personal income tax

NASSAU, BAHAMAS — The International Monetary Fund (IMF) is recommending that The Bahamas consider implementing a corporate income tax, coupled with a personal income tax targeting high earners.  The IMF, in its Staff Concluding Statement of the 2023 Article IV Mission, also noted that there is an opportunity to meaningfully streamline current preferences, loopholes, and […]

BPL now able to meet Harbour Island’s power supply demand following recent challenges

NASSAU, BAHAMAS — Bahamas Power and Light (BPL) yesterday assured that it is able to fully meet Harbour Island’s energy demands with sufficient spare capacity, following recent challenges to four of its six units which resulted in load shedding and disrupted business during the US Thanksgiving holiday weekend. Arnette Ingraham, BPL’s communication manager, said to […]

PM commends Golden Jubilee Independence award honorees for their outstanding contributions to nation building

NASSAU, BAHAMAS-Prime Minister Philip Davis bringing brief remarks at the Golden Jubilee Independence awards Monday morning congratulated all honorees for their contribution to nation building. The prime minister says the award is a special undertaking spearheaded by government to honor those who have contributed heavily to shaping Bahamian history.