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‘Absolutely livid’ over doubling, tripling tax
Real property taxpayers were yesterday said to be “absolutely livid” after receiving bills that doubled and tripled their 2022 payments following the recent New Providence-wide revaluation.
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Police end search after report of downed plane
POLICE have suspended the search for a reported downed plane, according to press liaison officer, Superintendent Audley Peters.
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Bad weather cancels as many cruise calls as COVID’s Omicron
Nassau Cruise Port’s top executive yesterday said it has lost more vessel calls to bad weather than the COVID Omicron variant with berth bookings “very solid” for the remainder of 2022.
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‘Red flags’ over financial sector growth eliminated
The Bahamas’ removal from Europe’s blacklist “sets the stage” for financial services growth by eliminating the last “red flags” to doing business with this nation, a Cabinet minister said yesterday.
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Omicron ‘pushes back’ pre-COVID for tourism
Tourism’s hoped-for return to 2019 business volumes this year has been “pushed back” several months by Omicron with Internet searches for The Bahamas now “half” of pre-COVID levels.
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Sir Sol’s equivalent a must for Lucayan
The Grand Lucayan must be acquired by a Sir Sol Kerzner equivalent to ensure long-term success, a hotelier said yesterday, arguing: “Business model is more important than cheque book size.”
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‘Not a single merchant’ avoids COVID staff woe
The Bahamas Federation of Retailers’ co-chair yesterday said “there’s not a single merchant I’ve spoken to” who has escaped COVID staffing shortages as she branded Christmas “hit or miss”.
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Dorian-hit islands slam VAT change as ‘short-sighted’
The Government’s assertion that reimposing VAT on construction services in Dorian-hit islands will only hurt a “minority” of wealthy homeowners was yesterday blasted as “short sighted”.
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Bahamas targets ‘40 out of 40’ compliance
The Bahamas is aiming to be “40 out of 40” and achieve near-total compliance with global anti-financial crime standards this year, the attorney general said yesterday.
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Gambler winnings tax ‘too complex’
The Minnis administration chose not to implement the tax on web shop patron winnings because it was “too complex” and could have driven gamblers back into the underground economy.
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More than 100 nominees for local government in GB
OVER 100 candidates have nominated for local government positions in the four districts on Grand Bahama. The local government election is January 27.
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Exchange controls to be ‘less of hindrance’
The Central Bank’s governor yesterday pledged to make exchange control restrictions “less and less of a hindrance” to Bahamian investors and companies seeking capital.
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Pre-COVID output ‘not good enough’
The Central Bank’s governor yesterday warned that returning to pre-COVID economic output “is not enough” as he reaffirmed forecasts that GDP will expand by 8 percent in 2022.
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‘Caribbean’s Singapore’: $15bn GDP target urged
The Bahamas was yesterday urged to target a 50 percent GDP increase to $15bn, a governance reformer arguing: “There’s no reason we can’t be the Singapore of the Caribbean.”
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Hilton closure to hit downtown business
DOWNTOWN Nassau businesses yesterday lamented that the British Colonial Hilton’s imminent February 15 closure will result in lost trade for their enterprises.
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No major rush with return to classroom
BACK-to-school suppliers say they did not see the typical customer volumes ahead of this week’s return to the classroom.
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WNBA MVP Jonquel Jones designated as core player
THE Connecticut Sun have placed the core tag on reigning WNBA MVP Jonquel Jones, weeks ahead of what is expected to be a busy 2022 free agency period.
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Realtor sees ‘bumper year’ over 400% transaction rise
A well-known Bahamian realtor yesterday revealed that his firm enjoyed a “bumper year” in 2021 with closed property transactions increasing by 400 percent year-over-year.
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Judge cuts $66k from Sir William’s outstanding loans
The late Sir William Allen’s estate has persuaded the Supreme Court to slash unpaid loans allegedly owed to a prominent Bahamian businessman by some $66,000.
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‘Entire economy shuts when ATMs go down’
Eleuthera Chamber of Commerce’s president yesterday urged the Government to stiffen “the backbone” of Bahamian-owned banks, adding: “When the ATMs go down the entire economy shuts.”
