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Ministry’s $400k purchase first acquisition in 20 years

The Ministry of Works yesterday said it has hired an extra 25 workers to man $400,000 worth of newly-acquired equipment that is “vital” to patching potholes and enhancing the road network.

Cornish pleads not guilty to charges of rape, assault and death threats

NORTH Abaco MP Kirk Cornish yesterday denied accusations that he raped, assaulted and threatened to kill a woman earlier this year.

Restaurant chain eyeing 20% bond for expansion

A restaurant entrepreneur, who financed his expansion via crowdfunding, yesterday said he now plans to offer a short-term bond paying 20 percent interest to fund the $150,000 required for outfitting a third location.

‘Burden cannot be heavier with corporate income tax’

Corporate income tax must not impose a heavier tax burden on businesses than what already exists, private sector executives are warning, while urging that such proposed reform cannot be viewed in “isolation”.

Gov’t told: Avoid ‘piecemeal approach’ over tax reforms

The Opposition’s leader yesterday urged the Government to avoid “a piecemeal approach” to reform in the FNM’s response to the corporate income tax proposal, warning: “We have a very small margin for error.”

‘Quality new credit’ hard to find with $127m drop

Fidelity Bank (Bahamas) says the more than $127m collective decline in outstanding mortgage and consumer loans during 2022 shows “quality new credit” and borrowers will be tough to find despite the economy’s rebound.

Eric Wiberg – 20 accidents at sea off New Providence

NEW Providence saw over 20 World War II aircraft ditch, crash, and explode into its adjacent waters. Most of these were to the south of the island, east, and north, and depended on direction of the winds, which air field was used, and complex night-time exercises using extremely bright Leigh Lights, and flying in formation. Mechanical failures from aircraft just delivered from American factories played a role as well.

‘Explosive’ hurricane forecast predicts over 20 named storms for 2024 season

THE Atlantic 2024 hurricane season, expected to begin in less than two months, has been forecast to be “explosive”, with weather forecasting company AccuWeather projecting 20 to 25 named storms, and eight to 12 hurricanes – with four to seven of those expected to be major hurricanes.

Lincoln Bain defends declared net worth and liabilities

COALITION of Independents leader Lincoln Bain defended his $1.8m net worth yesterday, telling The Tribune that he gained his wealth through a successful investment strategy.

Good start

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Strong big-tech balance sheets lifted Wall Street into positive territory at the end of last week. However, disappointment over the latest US labour market report limited gains.

Big Red Machine just keeps rolling

The St Augustine’s College (SAC) Big Red Machine kept rolling at the 2024 National High School Track and Field Championships where they claimed six out of eight division victories on Sunday evening at the original Thomas A Robinson Stadium.

Up to 25 years jail for gang members in proposed law

LONG-AWAITED anti-gang legislation was tabled in the House of Assembly yesterday - with gang members facing up to 25 years in prison.

Munroe gives public warning of habitual sex offender’s release

A MAN convicted of 20 sexual assault offences over nearly 20 years will be released from prison today.

Bahamas destroys Cuba by 41 points

The top ranked Bahamas men’s national basketball team, arguably one of the best teams ever selected, posted an impressive 41-point rout over Cuba to start the FIBA Pre-Olympic Qualifying Tournament in La Banda, Argentina.

Bahamians turn out to be baptised during ‘Reaping the Harvest’ weekend

More than 20 individuals gave their lives to Christ and were baptised by water in during a special weekend hosted by Life Changers Ministries International (LCMI).

Sports Notes

THE New Providence Basketball Association continued its regular season action with a pair of games played at various gyms on Friday and Saturday night.

Jonquel Jones and NY Liberty continue Eastern Conference dominance

GRAND BAHAMIAN native Jonquel Jones and the New York Liberty continue to remain atop the Eastern Conference with a now 20-6 win/loss record. The team’s latest win came against the ninth-overall Los Angeles Sparks.

Freeport 'could attract $100bn if the economic model is right'

A Grand Bahama Port Authority (GBPA) director yesterday argued "Freeport needs $10bn, and could attract $100bn if we get the model right" amid a peace offering from the deputy prime minister.

Corporate income tax is 'wrong way around'

The Opposition's finance spokesman yesterday argued that The Bahamas has corporate income tax "the wrong way around" because the proposed reform options are forecast to suck "more money" from the private sector via taxation.

Revenue surge to $274m via corporate tax switch

The Government could near-double pre-COVID business taxation revenues if it were to implement a 15 percent corporate income levy across-the-board on all entities bar those generating less than $500,000 in annual turnover.

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