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Seven held in $330k drug bust

FIVE men and two women were arrested after a police search netted 13 croker sacks of suspected marijuana with an estimated street value of $336,000.

Target ‘big boys’ first with corporate taxes

The Bahamas should initially only target companies generating more than $5m or $10m in annual net profits with a corporate income tax, a well-known attorney is arguing.

BTC facing ‘day by day’ fight on mobile rebound

The Bahamas Telecommunications Company (BTC) faces “a real day-by-day fight” to reclaim mobile market share lost to Aliv, its newly-appointed chief executive has admitted.

‘Coach Yo’ agrees to new, 4-year contract extension

The Ole Miss Rebels displayed their long term commitment to head coach Yolett McPhee McCuin and her vision for the women’s basketball programme with her second contract extension since she was named head coach in 2018.

Leading banker hits out over VAT ‘maze’

The Government “created a maze” for the Bahamian private sector and consumers when it abandoned the low-rate, broad base VAT model, a prominent banker is arguing.

‘Makes no sense’: Realtors challenge tax crackdown plan

Prominent realtors yesterday warned that the government’s plan to target delinquent commercial property owners by seizing their tenants’ rent “makes no absolutely no sense”.

IMF calls for austerity in the ‘hundreds of millions’

The International Monetary Fund (IMF) yesterday exposed the harsh austerity Bahamians face post-COVID by urging the government to increase its “net income” by more than $300m over four years.

Moody’s throws wrench into PLP’s VAT cut plan

The Davis administration’s pledge to slash the VAT rate to 10 percent has been undermined by Moody’s downgrade of The Bahamas’ creditworthiness, Tribune Business was told yesterday.

Minister: Give us ‘offset’ to halt oil drilling pursuit

A Cabinet minister yesterday argued The Bahamas should seek "offsetting” compensation from neighbouring countries if it bows to their demands to give up oil exploration.

Mitchell off to quick start with Panthers

Elijah Mitchell continues his stellar early season play for the Birmingham-Southern Panthers men’s soccer programme and has scored three points in his first two games.

Businesses ‘test water’ over extra night hours

Super Value’s principal yesterday said the supermarket chain plans to “test the waters” with 8pm closings after the nightly curfew was eased but voiced scepticism the move would increase sales.

Deandre Ayton is 'Mr Efficiency'

Deandre Ayton’s efficiency has been an integral part of the Phoenix Suns’ rise in the NBA standings.

Can we bite NIB bullet? ‘Bold decision’ needed - raise contributions to sustain cash assistance

NATIONAL Insurance Minister Brensil Rolle yesterday admitted that no government has been “bold enough” to take on recommendations that National Insurance Board contributions must increase to sustain the financial viability of the social security net.

‘Good tournament’ for Bain and Ramirez despite final defeat

BAHAMIAN freshman Jacobi Bain and his Xavier University of Louisiana senior teammate Juan Ramirez gave it their best shot, only to fall short in the final of the men’s doubles at the Intercollegiate Tennis Association (ITA) Cup Championships in Rome, Georgia on Saturday.

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