Developer obligated over Cabbage Beach ongoing public access
THE CONSORTIUM developing the $550m Four Seasons Ocean Club Residences is obligated to use “best efforts” to give Bahamian vendors-only access to Cabbage Beach via the project site during construction and provide a public right-of-way upon completion.
Arawak Port: 13% profits jump repeat not ‘automatic’
THE NASSAU Container Port’s operator yesterday warned investors not to “automatically” expect a repeat of last year’s 13.2 percent net income jump in 2027 although its $14.85m profits are “a sound starting point” for gauging likely performance.
Labour told 40 jobs lost in GB restaurant closure
THE GOVERNMENT’S labour chief yesterday confirmed the Department of Labour had been informally notified that 40 workers have lost their jobs with the closure of a major Port Lucaya Marketplace restaurant in Freeport.
Cabbage Beach relocations in Goodman’s Bay tension
THE RELOCATION of Cabbage Beach vendors to make way for construction of the $550m Four Seasons Ocean Club Residences on Paradise Island has sparked tensions at Goodman’s Bay, it was revealed yesterday.
Minister: ‘We’ll work to drive’ jobless numbers even lower
A CABINET minister yesterday hailed the unemployment rate’s reduction for “the third straight quarter” while pledging that the Government will “keep working to drive” the jobless numbers even lower.
Bahamas eyes joining UN initiative on AI in disasters
THE BAHAMAS is looking to use artificial intelligence (AI) to address challenges exposed by Hurricane Dorian, a Cabinet minister said yesterday, revealing this country has expressed interest in joining a United Nations (UN) initiative on the issue.
BAMSI professor’s research opens plant medicine avenue
A Bahamas Agriculture and Marine Science Institute (BAMSI) professor has authored a research paper examining how medicinal plant extracts interact with enzymes linked to skin aging and pigmentation.
Fuel retailers fear soaring prices will further squeeze
FUEL prices nearing $8 per gallon are heaping extra pressure on Bahamian petroleum dealers, it was asserted yesterday, with one Exuma-based operator reporting gasoline at $7.56 and diesel approaching $8 as retailers brace for further increases.
Petition demands full Cabbage Beach details
A PETITION demanding that the Government publicly disclose the approvals, surveys, environmental assessments and safety plans underpinning works at Cabbage Beach has garnered 506 verified signatures just two days after it went live.
Motorists warned gas prices will rise to $7.50 per gallon
BAHAMIAN motorists must brace for gas prices to soar as high as $7.50 per gallon with effect from today, one petroleum dealer is warning, adding that station operators may have to look at cutting operating hours and staffing.
Gov’t ‘got off easy’with rating agencies
A BAHAMIAN economist is asserting the Government “got off easy” in Standard & Poor’s (S&P) latest analysis while warning the country could “be in for a bit of a hard landing” with the rating agencies next year if does not “put its house in order”.
Bahamas entity heads $1.6bn launder ‘web’ in Brazil bank scandal
A Bahamian investment vehicle allegedly sits at the head of a complex “money laundering web” used to misappropriate some $1.618bn in what has been branded as Brazil’s largest-ever banking scandal.
Unions to Gov’t: Save BTC from ‘claws of destruction’
UNIONS representing Bahamas Telecommunications Company (BTC) staff are pleading with the Government to regain majority ownership and save the carrier from “the claws of destruction” as it now seeks its seventh post-privatisation chief executive.
‘Work never done’: 20% jobless or underemployed
THE CHAMBER of Commerce’s chairman says “the work will never be done” after the Labour Force Survey for the 2026 first quarter revealed that almost one in five Bahamians are either under or unemployed.
Chamber: Collect what on books before new taxation
THE BAHAMAS Chamber of Commerce and Employers Confederation (BCCEC) is urging the Government to focus on collecting revenue already on the books, tighten spending and improve fiscal transparency before considering any new or increased taxes.
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