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Gov’t targets property tax tripling to $400m
The Government is aiming to more-than-triple annual real property tax collections to at least $400m as a key component in its ambitions to achieve a 25 percent revenue-to-GDP ratio.
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Christie Gov’t incurred huge Parks, Beaches overshoot
A Cabinet minister says resolving the controversy at the Public Parks and Beaches Authority is “a high priority” with major spending overruns not confined only to the Minnis administration.
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‘Caribbean’s Singapore’: $15bn GDP target urged
The Bahamas was yesterday urged to target a 50 percent GDP increase to $15bn, a governance reformer arguing: “There’s no reason we can’t be the Singapore of the Caribbean.”
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Sir Sol’s equivalent a must for Lucayan
The Grand Lucayan must be acquired by a Sir Sol Kerzner equivalent to ensure long-term success, a hotelier said yesterday, arguing: “Business model is more important than cheque book size.”
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Dorian rebuild in question for 98% on tax break loss
Some 98 percent of business and home owners in Dorian-devastated Abaco say reinstating 10 percent VAT on construction services will “significantly influence” whether they rebuild or not.
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‘Expect hardship’ from inflation, interest hikes
A former finance minister yesterday warned that “every family can expect hardship” from rising inflation that will exceed the current 7 percent rate in the US.
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IMF restructure?: ‘Not on my watch’
A Cabinet minister yesterday pledged “not on my watch” after a noted Caribbean economist again forecast The Bahamas will need an “IMF restructure” with GDP still below pre-COVID at end-2023.
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Duane Sands and family among those hit by virus
FORMER Health Minister Dr Duane Sands and members of his family have tested positive for COVID-19.
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Leave the schools shuttered
The Prime Minister is a man after my own heart. In the midst of the ongoing pandemic he is focus and relentless on getting the nation into a recovery mode. The economy is showing vital signs of improvement and more and more Bahamians are going back to work and/starting new businesses. Churches; restaurants and other social venues are gradually reopening. There are some who are calling for the reopening of schools, especially within the public sector.
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GB Power rate hike approval sparks ‘new regulator’ charge
Renewed calls were made last night for an independent regulator to take over supervision of all Freeport utilities after Grand Bahama Power Company’s base tariff hike was partially approved.
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GB Power’s ‘major cash flow constraint’ warning
Grand Bahama Power Company yesterday said it will suffer “a significant cash flow constraint” after it was granted just 53 percent of the base electricity rate increase it was seeking.
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Physicians concerned about hundreds of new cases
CONSULTANT physicians are concerned about the hundreds of COVID-19 cases recorded in recent days, a representative has told The Tribune.
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Minnis no longer the scapegoat
The December 2019 SARS-CoV-2 outbreak in Wuhan, China has exacted an immense social, physical, economic, psychological and political toll on Bahamians.
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No tough measures on Davis’ play sheet
PRIME Minister Philip “Brave” Davis says he is not considering a serious shutdown of economic activity in the country despite record increases of COVID-19 cases.
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Worker shortage fears on Omicron explosion
Bahamian employers yesterday voiced fears that the rapid explosion in Omicron cases could result “in our whole system being challenged” by the absence of key workers.
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Michael Pintard displays hypocrisy
Michael Pintard, the comedian-turned-leader of the FNM, in my opinion displayed hypocrisy in his comments in The Nassau Guardian on Tuesday, January 4, 2022.
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Exchange controls to be ‘less of hindrance’
The Central Bank’s governor yesterday pledged to make exchange control restrictions “less and less of a hindrance” to Bahamian investors and companies seeking capital.
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A COMIC'S VIEW: Is marijuana really a cure for COVID?
A NEW study released this week has marijuana enthusiasts beaming, comedians laughing as they pen the related material. (Yours truly included)
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600 new COVID cases reported over weekend
MORE than 600 new cases of COVID-19 were recorded in the country over the weekend prompting Free National Movement chairman Carl Culmer to say more must be done to control the spread of the virus.
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Realtor sees ‘bumper year’ over 400% transaction rise
A well-known Bahamian realtor yesterday revealed that his firm enjoyed a “bumper year” in 2021 with closed property transactions increasing by 400 percent year-over-year.
