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BIG3 set to return to The Bahamas
THE BIG3 is set to return to The Bahamas in 2022 and will highlight its fifth season of professional 3-on-3 basketball by hosting its All-Star festivities at the Atlantis resort.
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Ex-marina chief doubtful on PM’s yacht registry ambition
A prominent marina operator yesterday voiced doubt that eliminating 10 percent Customs duty on so-called “pleasure vessels” will spark development of a yacht registry as envisioned by the Prime Minister.
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Man accused of indecent assault on American teen
A MAN was granted bail in a Magistrate’s Court yesterday after he faced an allegation of indecently assaulting an American teenage girl.
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Patrick Paul emerges as the overall winner of road cycling nationals
PATRICK Paul, Dorian Roach and Sanchia Fitzmaurice were among the winners of the New Providence Cycling Association Road Championships at the Clifton Heritage Center over the weekend.
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‘Don’t derail tourism revival with higher electricity costs’
The Bahamian tourism industry yesterday warned it “can ill-afford to be derailed” from its post-COVID recovery by a hike in electricity prices which remain “pivotal” to the sector’s global competitiveness.
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WHY SUDDEN AXE FOR BOAT DUTY?
The Opposition last night accused the government of “sneaking” in a tax break for the rich by ordering Customs to eliminate the ten percent duty rate on so-called “pleasure vessels” outside the normal Budget process.
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Bahamians take ‘partial’ medicine on VAT return
THE Democratic National Alliance’s (DNA) former leader says Bahamians have increasingly been obtaining “partial” as opposed to full prescriptions after VAT was reimposed on medicines with effect from January 1.
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HMBS Flamingo captain honoured at ceremony
NATIONAL Security Minister Wayne Munroe honoured distinguished Defence Force and HMBS Flamingo survivor Captain Witfield Neely at an awards ceremony Sunday.
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Gov’t ‘adds insult to injury’ with medical VAT reforms
Health insurers have yet to meet the Prime Minister over VAT reforms that threaten to increase medical bills and healthcare costs, with the Government yesterday accused of “adding insult to injury” for thousands of Bahamians.
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Realtor enjoys 25% Freeport sales rise
A prominent Bahamian realtor says sales activity in Freeport has increased by 25 percent over the past year as its economic revival ramps up, adding that the city’s “time has come”.
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Christian Council on remarriage?
I took note of Bahamas Christian Council (BCC) President Bishop Delton Fernander’s statement concerning support for the tightening of laws against rape between legal separation and divorce. In the rarest of rare cases would a level-headed woman give up her body to an estranged husband who has deep pockets. In such a case, the philandering estranged hubby would use his finances to blackmail the financially distressed woman. In the case of physical coercion, it should definitely be classified as rape.
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Capital Group gives $50k to youth education
TO celebrate its fifth year in business, IX Capital donated $50,000 for youth education in Financial Services.
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Man shot dead at East Street plaza
A MAN was fatally shot on Friday at an East Street plaza as he was in the process of collecting someone.
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Gov’t drafting carbon credit exchange law
The Government is developing legislation to establish a carbon credit exchange in The Bahamas to further boost its ambitions to make this nation “a global centre” for the emerging industry.
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EDITORIAL: Tax for bread but not for yachts?
THIS one is going to be a little hard to justify for the administration.
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'TREASURE SHARE MUST FAVOUR US': Govt seeks to secure ‘majority’ of riches found by explorers
A multi-million underwater explorer yesterday said it will cease treasure salvaging in Bahamian waters immediately if the Government's plans to take a "majority" share of the financial rewards prove unworkable.
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Real estate transition boost on VAT savings
Parties to real estate deals that are in process could enjoy tax savings worth five-figure sums if they close - and bring their documents forward for stamping - on or after July 1, it was revealed yesterday.
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Pompey Square hosts Regional HIV Testing Day
BAHAMIANS from all walks of life gathered in Pompey Square for Regional HIV Testing Day (RTD) on Friday.
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‘Sky is not falling in’ on NIB - yet
THE Government still has multiple reform options to rescue the National Insurance Board (NIB) from collapse if it acts now, a pensions specialist asserted yesterday, adding: “The sky is not falling in” yet.
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Cut $11.8bn debt ‘absolutely’ amid growing distress fears
The Bahamas must slash its $11.843bn national debt in “absolute” terms, a top banker urged yesterday, after this nation was named among ten countries whose bonds are now trading at “distressed” levels.
