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Insurers warn that VAT reversal ‘totally asinine’

Insurers have warned the Government it would be “totally asinine” to reintroduce VAT on residential homeowner premiums given that this will create a multi-million dollar hurricane liability for itself.

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Pintard alarm at Urban Renewal ‘abuse’

MARCO City MP Michael Pintard said he is concerned by reports that employees of Urban Renewal have been verbally abused and intimidated at the Ministry of Social Services and Urban Renewal.

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COVID rules to spark barber price increase

Bahamians were yesterday warned to expect price increases at barbers, hair salons and spas due to capacity restrictions set to be impose under the Government’s new COVID-119 rules.

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Govt relaunches plans for training on Grand Bahama

GRAND Bahama Minister Ginger Moxey says the government has relaunched plans to facilitate training to increase the employment of certified Bahamians at the Grand Bahama Shipyard.

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Realtor questions VAT break for ‘rich’ buyers

A realtor yesterday questioned why the Government is effectively giving a break to “rich” overseas real estate buyers while raising VAT on the poor by taxing ‘breadbasket’ food items again.

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Golden Gates church row simmers on

FORMER defendants in the Golden Gates World Outreach Ministries case said the recent ruling of Supreme Court Justice Ian Winder, which was favourable to them, is still not being followed, more than a month after the judgement was handed down.

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Central banks love to print money

ActivTrades

Except for a few countries, Germany being a noticeable example where the use of physical cash to settle everyday transactions remains high due to cultural reasons, payment by electronic means is becoming more and more common.

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Payment provider in Christmas give back

A BAHAMIAN electronic payments provider has launched its Win It Back holiday campaign through which 50 customers will receive 100 percent cash back on their purchases.

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A mismanaged opportunity

The conclusion of Dr Minnis’ term as prime minister of the Commonwealth of the Bahamas came on September 16, 2021.

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International Bazaar is an embarrassment

Fire fighters of the Grand Bahama Fire Services, the Grand Bahama Shipyard and Buckeye Bahamas averted an unmitigated disaster by quickly outing the fire blaze at the once popular International Bazaar.

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Insurance VAT return ‘not even on the table’

A Cabinet minister yesterday said making homeowners insurance VAT-able was “not even on the table”, with legislation to effect the rate cut to be tabled in Parliament by next Wednesday.

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Gov’t and Opposition trade blows over S&P downgrade

The Government’s attempt to blame the former Minnis administration for The Bahamas’ latest downgrade “does not line up” with Standard & Poor’s (S&P) analysis, an ex-Cabinet minister says.

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Fourth wave fears will lead to booster rollout

HEALTH and Wellness Minister Dr Michael Darville says the government is planning to roll out booster vaccine shots to immunocompromised Bahamians and residents before year’s end amid mounting concerns of a possible fourth COVID-19 wave.

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Breaking Post Office lease just too costly

A Cabinet minister yesterday ruled out moving the Post Office to a new location before 2024 because breaking the existing Town Centre Mall lease will be too costly.

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Fidelity eyes $21m-$22m profit following ‘overshoot’

A BISX-listed bank is targeting full-year net income of $21m-$22m after its exceeding its budgetary target during the first nine months of 2021, its chief executive revealed yesterday.

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GOVT SEEKS TO LIFT DEMOLITION BLOCK: Judge asked to scrap order preventing shanty town actions

THE government is seeking leave to appeal an interim injunction that barred it from destroying shanty town structures across Abaco until a Supreme Court judge delivers her decision on a judicial review on the demolition of the unregulated communities.

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New auto chief eyes VAT cut sales bump

The Bahamas Motor Dealers Association’s (BMDA) newly-elected president yesterday voiced optimism that the VAT rate cut could spark a 10-20 percent uptick in consumer auto purchases.

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EDITORIAL: We are failing our children

THE children of our nation seem to be caught in the middle of an almighty mess.

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BREA president: Post Office lease ‘good deal’

The Bahamas Real Estate Association’s (BREA) president says moving the Post Office to the Town Centre Mall was the best option given the location and rental rate that was obtained.

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VACCINE DROP OFF RAISES CONCERNS: Slowdown raises alarm and fears vital supplies could be left unused

HEALTH and Wellness Minister Dr Michael Darville said his ministry along with officials from the Pan American Health Organisation are concerned about vaccine hesitancy in the country, noting a drop in vaccination rates in recent weeks.