NASSAU, BAHAMAS — The global observance of World Water Day, serves as a reminder of the critical role that water plays in sustaining life on Earth and the need to take collective action to protect this precious resource. According to the UN Water Conference, however, the lack of progress made on meeting the sustainable development […]
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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 […]
CRIME REPORT: Woman hitchhiker sexually assaulted at gunpoint
NASSAU, BAHAMAS — A woman was sexually assaulted at gunpoint by a man who offered her a ride yesterday morning. According to police, the victim was walking in the area of Bacardi Road and accepted a ride from an unknown man who was driving a burgundy-colored vehicle sometime around 9am. “During this time, the male […]
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 […]
$550M Cave Cay luxury development to aid Exuma “renaissance”
NASSAU, BAHAMAS — Following last week’s signing of a Heads of Agreement (HOA) for a $25 million high-end, low-impact boutique resort on Sampson Cay in the Exuma chain, the government yesterday signed an HOA for a $550 million luxury development on Cave Cay in the Exumas. The HOA with Cave Cay Limited brings the total level […]
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 […]