Neil Hartnell

A Cabinet minister last night asserted it was “no surprise” that Donald Trump has withdrawn the US from the 15 percent minimum global corporate tax amid fears this move may hit The Bahamas’ competitiveness.

A Bahamian developer yesterday voiced optimism that construction on his planned $45m West Bay Street resort can begin this summer if the necessary environmental approvals are obtained.

A Bahamian electric vehicle distributor yesterday revealed it will become the first auto dealer to have a Mall at Marathon showroom come this Spring as it bids to repeat 2024’s 10-15 percent sales increase.

Sky Bahamas principal yesterday pledged to “keep fighting” after a verdict ordering the now-defunct airline to pay $220,000 plus interest to the owner of its hangar at Lynden Pindling International Airport (LPIA) was upheld.

A BISX-listed bank yesterday overturned a $115,489 damages award “to escape liability” related to the alleged theft of pension contributions made on behalf of staff at a Freeport-based resort.

The Bahamas will boost its long-term economic output by over $1bn if it starts investing in climate-resilient infrastructure and protecting natural assets such as beaches and mangroves, the IMF is urging.

The Government will “proceed” with implementing The Bahamas’ own 15 percent corporate income tax and is not worried “at this point” that the move will place this nation at a competitive disadvantage.

A regulatory regime designed to protect Bahamian natural resources from foreign exploitation has instead sparked “massive losses in biodiversity” and “stifled” legitimate research vital to building the ‘blue economy’.

The Bahamas National Trust (BNT) and a prominent environmental activist found themselves on opposing sides over the former’s termination of a water sports vendor’s lease at the Lucayan National Park.

Baha Mar’s contractor is fighting to prevent Sarkis Izmirlian from using evidence disclosed in US legal proceedings to help with his bid to wind-up its two Nassau-based hotels.