Story
A new giant
ActivTrades
The chip company, Nvidia, is benefiting massively from the boom in artificial intelligence (AI). The boom in AI gives the chip and graphics card manufacturer a boom in orders. The technology heavyweight's stock rose by almost 30 percent on Thursday last week. Nvidia trumps Apple's previous daily record on Wall Street.
Story
Forecast 78% deficit slash 'significant ask'
Achieving current projections of a 78 percent year-over-year cut in the Government's fiscal deficit will be "a significant ask" based on existing trends, a governance reformer warned ahead of today's 2023-2024 Budget.
Story
Budget deals marinas 'another slap in face'
A former Association of Bahamas Marinas (ABM) president yesterday asserted that the Budget has dealt the industry "another slap in the face" through multiple fee increases for dockage and vessel registration.
Story
'World has changed': IBCs taxed on foreign earnings
Bahamas-domiciled International Business Companies (IBCs) will have to pay tax on their overseas earnings from New Year's Day 2024 in an historic first for this nation, a senior official confirming: "The world has changed."
Story
Bahamas teams miss out on day one of World Relays
ALL four teams representing the Bahamas on Saturday at the BTC World Relays Bahamas 2024 missed out on the count of eight teams in each discipline on day one to qualify for the 2024 Olympic Games.
Story
FOCOL aids BPL probe into contaminated fuel
FOCOL’s top executive has confirmed it is assisting Bahamas Power & Light (BPL) with the latter's probe into how contaminated oil rendered one of the latter's North Andros generation engines inoperable for several days.
Story
Half of Royal Caribbean's PI investment on site clean-up
A senior Royal Caribbean executive yesterday disclosed around half the investment in its Paradise Island project will be spent on cleaning and restoring much of the 17-acre prior to construction starting.
Story
Gov't concern as hotel union on 'work-to-rule'
The hotel union's president last night said he told the Government "to talk" to industry employers as workers went into "full work-to-rule mode" over the impasse in industrial agreement talks.
Story
Staff and unions blast BTC during protests
Several dozen Bahamas Telecommunications Company (BTC) workers yesterday joined with executives from the company's two trade unions to demonstrate against feared job losses and other grievances with the carrier.
Story
Bahamas invests $400k in first livestock feed mill for 40 years
Bahamian agriculture's push to reduce the country's $1bn annual food import bill has been boosted by the Government's $400,000 acquisition of the first new animal feed mill in 40 years.
Story
Hotels dealing with visitor safety concerns on crime
Hotels have been fielding concerns over whether it is safe to vacation in The Bahamas as Canada was yesterday reported to have issued a crime alert on this nation.
Story
Yacht broker alarm on 'dismal' winter charters
Bahamian yacht brokers yesterday warned charter bookings for the peak winter season are "dismal" with the sector "almost at a standstill" due to VAT's imposition and lack of clarity on how it works.
Story
BAIC, ZNS get $5.7m for arrears 'clean up'
The Ministry of Finance's top official yesterday said the $5.7m allocated for "balance sheet clean-up" at two loss-making government agencies will likely "widen" in upcoming fiscal years to other state-owned enterprises (SOEs).
Story
Ex-US embassy property targeted for 48-slip marina
A prominent Bahamian contractor is seeking approvals to dredge more than 40,000 cubic yards of fill to make way for a 48-slip marina located at the rear of a former US embassy property opposite Arawak Cay.
Story
Wynn's 300 building jobs to 'far outweigh' environment impacts
A $100m, 14-storey Goodman's Bay penthouse complex will create 300 construction jobs and generate benefits "that far outweigh" the touted limited environmental impact, it has been pledged.
Story
Boy found living alone in car last year is 'safe and attending school'
THE 12-year-old boy who was found living alone in a car last year is safe and now attending school, according to Education Minister Glenys Hanna Martin.
Story
Corporate tax paper 'setting foundation' to broaden base
A prominent banker yesterday asserted it was no accident that the Government released its corporate income tax 'green paper' just days before the Budget, adding: "It needs to increase its revenue base."
Story
'Remarkable uncertainty' over NIB back-pedalling
The Government's political opponents yesterday accused it of creating "a remarkable amount of uncertainty" for businesses and workers by back-pedalling over plans to progressively increase NIB contributions.
Story
'No fear of contradiction' on Govt $500m loan use
The Ministry of Finance's top official last night denied that a recent $500m loan was used to pay-off a maturing government bond as the Opposition raised renewed concerns over the financing.
Story
GBPA praises PM for easing investor fears
The Grand Bahama Port Authority (GBPA) yesterday praised the Prime Minister for soothing the fears of multiple licensees and investors "alarmed by recent unsettling commentary" from Fred Mitchell.
