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Bahamas could gain $140m from 15% minimum taxation
The Bahamas could earn $140m in revenue from the global tax crackdown on major multinationals, a Cabinet minister disclosed yesterday, while suggesting the initiative is the first step towards “one tax rate for all”.
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Increasing $136m outbound transfers cause for ‘concern’
The Bahamas has “reason to be concerned” about the “growing trend” of outbound money transfers that hit $136m in 2022 as it represents incomes that are lost to this nation, it was argued yesterday.
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Bahamas to be Caribbean ‘sustainable airport leader’
The Bahamas “is uniquely positioned to become a regional leader” in sustainable airport development through putting 14 such facilities out to public-private partnership (PPP) bids, a senior tourism official asserted yesterday.
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Capacity concerns driving 14 Out Island airport bids
Many Family Island airports “no longer meet” growing tourist and airline demands, the Government’s top aviation official said yesterday, as he justified the rationale for putting 14 locations out to bid.
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BFA celebrates International Women’s Day with launch of new women’s football league logo
THE Bahamas Football Association celebrated International Women’s Day this past weekend with the social media release and launch of the new Bahamas Women’s Football League logo.
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Cat Island firms: Airport revival is ‘long overdue’
CAT Island business owners yesterday hailed the “long overdue” $17m upgrade of New Bight’s airport as a potential catalyst for increased tourism and economic activity.
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Bahamians told: Stop work permit complaints
A CABINET minister yesterday told Bahamians to stop complaining about the number of work permits being issued for expatriate labour if they are unwilling to “step up” and fill these posts themselves.
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‘Up the ante’ on cruise line deals
A former Bahamas National Trust (BNT) chief yesterday said this nation must “up the ante” and leverage its “natural capital” to obtain better deals from the cruise industry, adding: “We give up too easily.”
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Flats fishing regulations undergoing ‘fine tuning’
DRAFT regulations for the flats fishing industry have been completed and are now with the Attorney General’s Office for “fine tuning”, a Cabinet minister said yesterday.
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TWO SHOT DEAD IN FOX HILL PARK: One victim was out on bail for several murders
TWO men were shot dead last night in Fox Hill Park - including one man that police say was on bail for several murders.
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Minister of Tourism touts ‘significant’ opportunities as Grand Bahama tourism grows
DEPUTY Prime Minister Chester Cooper said the government is committed to entrepreneurship and will be launching an entrepreneurship symposium around the country, starting in Grand Bahama.
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J S Johnson puts COVID ‘in dust’ via 15% profit rise
J S Johnson shrugged off ongoing reinsurance capacity concerns to yesterday unveil a 15.1 percent profit increase for the 2022 that was aided by placing COVID-related restrictions “in the dust”.
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Mixed reaction to Royal Caribbean’s PI project
Bay Street merchants yesterday gave a mixed reaction to the Government’s approval of Royal Caribbean’s Paradise Island beach club with some fearing it will suck tourists away from downtown and others arguing it will improve the product.
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Gas stations seek ‘pennies on gallon for liveable wage’
Bahamian petroleum retailers yesterday revealed they are seeking a “pennies on the gallon” margin increase equal to 7 percent of the landed cost of fuel to achieve their version of a “ liveable wage”.
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‘$5m’ dispute closes boating fees portal
The online clearance portal for foreign boaters and yacht charters has been shut down amid disputed allegations that “$5m” in fees paid by the industry have not been passed to the Bahamian Government.
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PM doubles down over $6.4m provider licence
The Prime Minister last night doubled down on accusations that a payments provider which has failed to remit $6.4m to the Government was not licensed to collect funds on its behalf.
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PI project concern over ‘compelling opportunity’
A senior Atlantis executive yesterday warned that concerns over Royal Caribbean’s Paradise Island project could harm downtown Nassau’s revival and “the most compelling real estate opportunity in The Bahamas” if not resolved.
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FNM: PLP ‘cherry-picking’ who is accused of crimes
FREE National Movement leader Michael Pintard accused the Davis administration of doing “everything to ensure” that its supporters who are accused of crimes “never come to court again” while alleging the government is targeting the opposition.
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Golden Girl Pauline Davis: ‘CARIFTA trials should take precedent over any track meet’
FORMER Bahamian Olympian and sprinter Pauline Davis-Thompson criticised the head coaches of the major secondary schools for overworking athletes at the 2023 BAISS Track and Field Championships.
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Mario Ford Baseball Camp returns to the field
THE Mario Ford Baseball camp made its return to Windsor Park this past weekend. It was the group’s first session back on the field as the young men looked to learn basic baseball fundamentals and skills.
