Bahamas backs Mexico’s appeal in $10 billion lawsuit against US gun manufacturers

NASSAU, BAHAMAS — The Bahamas is backing Mexico’s appeal over its $10 billion lawsuit seeking to hold US gun manufacturers responsible for facilitating the trafficking of deadly weapons.  Last November, a US District Court for the District of Massachusetts dismissed the case against gun manufacturers Smith & Wesson Brands Inc, Sturm Ruger & Co and […]

Insurers welcome health VAT treatment deferral but issue “not off the table”.

NASSAU, BAHAMAS — Insurers say that while they welcome the government’s decision to defer the implementation of changes to the treatment of Value-Added Tax (VAT) on health insurance, the issue has been taken “off the table.” Marcus Bosland, Chairman of The Bahamas Insurance Association’s (BIA) health insurance committee said: “The government has indicated and we first […]

DPM: Gov’t wants to offer more incentives to vacation home rental sector

NASSAU, BAHAMAS — Deputy Prime Minister Chester Cooper said yesterday that government wants to provide more incentives to support the vacation home rental sector, noting that it presents the fastest way to boost this destination’s room inventory and for Bahamians to invest in the tourism industry.  Cooper who has ministerial responsibility for Tourism, Aviation, and […]

FTX Bahamas subsidiary branded a ‘front’ for fraudulent transfers in court filings

NASSAU, BAHAMAS — Lawyers for FTX have filed a complaint in a US bankruptcy court claiming that the company’s Bahamian subsidiary FTX Digital Markets is a legal and economic ‘nullity,’ which had been merely created as a ‘front’ to facilitate fraudulent transfers. In the complaint filed against FTX Digital Markets and its joint provisional liquidators […]

SUSPENDED: Vacation rental association to consult with gov’t on industry recommedations

NASSAU, BAHAMAS — Parliament yesterday suspended debate on the Tourism Development Corporation Bill 2023 as an association representing vacation rental owners in the country is seeking to offer its recommendations to the legislation which it says lacked industry consultation. Parliamentarians were set to debate the legislation yesterday. Theofanis Cochinamogulos, Interim President of The Bahamas vacation […]

Mother Pratt Foundation donates medical supplies to Ministry of Health

NASSAU, BAHAMAS — The Mother Pratt Foundation has donated essential medical supplies to the Ministry of Health and Wellness earmarked for clinics throughout The Bahamas. Continuing the fight against COVID-19, Cynthia “Mother” Pratt, through the assistance of donors in the United States, donated the “fighting instruments” including disinfectant, gloves, hand sanitizers, and masks, to Minister […]

Waterkeepers Bahamas awarded for dedication to mangrove restoration

FREEPORT, GRAND BAHAMA — The Bahamas Protected Areas Fund (BPAF) presented Waterkeepers Bahamas (WKB) with the Grantee Excellence Award, recognizing the non-profit’s outstanding mangrove restoration efforts on Grand Bahama. Since the passage of Hurricane Dorian, WKB, its partners, Blue Action Lab, Coral Vita, EARTHCARE, and dozens of volunteers have harvested and replanted more than 30,000 […]

NO VIOLATION: PM Davis affirms confidence in Education minister over RCI comments

Opposition calls for Hanna-Martin to resign NASSAU, BAHAMAS — Prime Minister Philip Davis last night defended Education minister Glenys Hanna-Martin’s recent comments about the pending deal with Royal Caribbean International (RCI) on Paradise Island as a reflection of her longstanding political advocacy and not a violation of the Ministerial Code.  Hanna-Martin told reporters last week […]