GBPA principal calls for laws governing the city of Freeport to be updated

NASSAU, BAHAMAS — The rules governing the city of Freeport are 70 years old and in need of a comprehensive overhaul, according to the Principal of the Grand Bahama Port Authority. Rupert Hayward, Principal and Director of the Grand Bahama Port Authority, addressed the Grand Bahama Business Outlook on Thursday, emphasizing the urgent need for […]

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 […]