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‘Davis must not compete with Mottley’
In May, Office of the Prime Minister Press Secretary Clint Watson said that Prime Minister Philip Brave Davis is in high demand globally due to his no-nonsense stance on climate change. Watson’s response was due to the Progressive Liberal Party government coming under scrutiny for its frequent travelling abroad.
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DOMES FOR RENT: Emergency homes in Abaco have been secretly rented out
DISASTER Reconstruction Authority executive chairman Alex Storr said investigations launched on the dome project on Abaco, initiated by the previous government administration, found some residents were renting the temporary housing structures for monetary gain.
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Electricity cost rise ‘pretty dangerous’ for economy
Bahamian businesses yesterday warned any increase in electricity costs will be “pretty dangerous” for an economy still recovering from COVID-19’s devastation, although some said spiking global oil prices make such a hike “inevitable”.
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Marinas seek charter clarity amid fear of 20% increase
Bahamian marinas are seeking clarity on whether the 10 percent VAT on foreign yacht charter contracts will be levied on pre-existing deals come July 1 amid fears this will be “a tough pill to swallow”.
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Health insurance VAT: 'This is not about money'
The Government has undertaken not to change the VAT treatment of private medical insurance claims until a full study is done, its top finance official asserting: "This is not about trying to get tax money."
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Sands beer’s tax advantage threatened in Budget reform
Budget reforms designed to brew “a level playing field” among Bahamian beer manufacturers are threatening to cost one Grand Bahama producer the tax advantage it has long enjoyed over its BISX-listed rival.
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Minnis: Nation worse off under PLP
FORMER Prime Minister Dr Hubert Minnis was yesterday critical of the Davis administration’s performance, insisting the country is worse off now since the Progressive Liberal Party assumed office last year.
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Davis says Budget is a foundation for change
PRIME Minister Phillip “Brave” Davis yesterday defended his administration’s budget for the upcoming fiscal year against the Official Opposition’s criticisms as he wrapped up debate at Parliament on his party’s first fiscal plan since it took office.
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House blows traded over 350% yacht charter hike
The Prime Minister and an ex-Cabinet minister yesterday traded blows over the Government's plan to increase the taxation rate on foreign charter operators by 350 percent in the upcoming 2022-2023 fiscal year.
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ALL OVER FOR HEALTH VISA – and no tests if you’ve had COVID jabs
HEALTH and Wellness Minister Dr Michael Darville announced yesterday the government will remove its COVID-19 testing requirement for vaccinated people entering The Bahamas beginning Sunday.
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PM ‘confident’ over bank tax despite blacklist fear
The Prime Minister yesterday voiced “confidence” that changes to commercial bank taxation will not violate existing agreements with the European Union (EU) despite Opposition fears it “could shake the foundation of our credibility”.
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Arrested cruise ships fetch $128m in sale
Two cruise ships that have been under arrest in Bahamian waters for more than four months were yesterday sold for a combined $128m via auction, Tribune Business was told.
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Assessing how robust your security systems really are
The annual report on crime, and related trends, by the Commissioner of Police should be applauded. It is a commendable attempt at transparency, allowing members of the public - who are also major stakeholders in the fight against crime - to make assessments of the Royal Bahamas Police Force's performance, efficiency and reliability.
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Budget’s housing focus can be ‘windfall catalyst’
The Budget’s focus on stimulating home ownership “could be the catalyst that triggers an economic windfall” by boosting investor confidence in the wider economy, the Bahamian Contractors Association’s (BCA) president believes.
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‘Still among leaders’: But Bahamas’ FDI down 60%
The Bahamas is “still among the leaders” despite a United Nations (UN) agency yesterday revealing that foreign direct investment inflows to this nation declined by 60 percent year-over-year in 2021 to $360m.
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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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Sandals founder’s family in Bahamian legal battle
The family of Gordon ‘Butch’ Stewart, the late Sandals resort chain founder, have become embroiled in an escalating Bahamian legal dispute over the multi-million dollar estate he has left behind.
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‘Take bull by the horns’: $100m for agriculture
The Government is being urged to “take the bull by the horns” and facilitate the $100m investment required to revive a Bahamian agricultural sector that is “40 years behind” where this country requires it to be.
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‘Train’s left station’: MSC eyes cruise port’s owner
Nassau Cruise Port’s $300m transformation will not be disrupted by a shipping giant’s interest in acquiring its controlling shareholder, its chief executive asserted yesterday, adding: “That train left the station a long time ago.”
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Crowdfunder aiming to be ‘next Bamboo Shack’
A Bahamian restaurant entrepreneur yesterday unveiled ambitions to become “the next Bamboo Shack” after raising almost one-third of his minimum $320,000 capital target within the first ten days.
