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Web shop hold-outs told: 'Don't hide behind lawyers'
A Cabinet minister yesterday reiterated calls for web shop hold-outs to “stop hiding behind the lawyers” and pay millions in taxes due under the industry’s settlement with the government.
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Over 100 executives attend PI conference
More than 100 tour operators, airline executives and hotel representatives gathered at Atlantis last week to kick-off the 2019 International Travel Partners Conference.
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Container port operator $600k ahead of target
The Nassau Container Port’s operator beat the profits forecast for its 2019 financial year by some 8.4 percent or almost $600,000, its just-released financial statements have revealed. Arawak Port Development Company (APD), the BISX-listed manager f
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Nearly $6m paid to healthcare providers in NHI programme
NEARLY six million dollars was paid to healthcare providers enrolled in the National Health Insurance programme from April 2017, its inception, to June 2018, a new report says.
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AG Bethel tells web shops: Pay your taxes and go to court later
AS the legal and regulatory framework for a tax agreement between the government and domestic gaming houses nears its competition, Attorney General Carl Bethel has warned those still fighting the deal to “pay your tax” and go to court later.His comme
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'Marijuana will boost economy': Commission report says drug has huge business potential
THE Bahamas National Commission on Marijuana has endorsed the economic potential of a cannabis industry in The Bahamas as robust.
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‘On point marketing’ drives tourism surge
The minister of tourism yesterday said an “on point marketing campaign” had driven The Bahamas’ record-breaking tourism performance since the start of 2018.
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GDP grows by 1.6% but it's below IMF's 2.3% prediction
THE country’s real gross domestic product grew by 1.6 percent last year compared to 2017, new data from the Department of Statistics reveals.
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Equestrian Bahamas holds its sixth Annual End of Year Awards Ceremony
FANS of equestrian sport gathered on Saturday to celebrate the accomplishments of the 2018-2019 season at Equestrian Bahamas’ 6th Annual End of Year Awards Ceremony.
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Brewery shrugs off Dorian devastation
Commonwealth Brewery is “cautiously optimistic” on the economy’s short-term prospects after it rebounded quickly from Dorian’s destruction of five retail outlets and a distribution centre.The BISX-listed Kalik manufacturer, unveiling its results for
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Equestrian Bahamas holds its sixth annual end of year awards ceremony
FANS of equestrian sport gathered on Saturday to celebrate the accomplishments of the 2018-2019 season at Equestrian Bahamas’ 6th Annual End of Year Awards Ceremony.
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Exam results table - depressing again
STUDENTS who took the Bahamas General Certificate of Secondary Education (BGCSE) examinations failed to do any better this year in Maths, English and Science than test takers for the past five years.
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Web shops told: ‘Get on board and pay up’
Web shops were last night warned by a Cabinet minister to “get on board and pay your fair share to the Treasury” otherwise their licences will not be renewed if taxes remain owing.
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Colina raises policy reserves by $20.2m
Colina Holdings Bahamas (CHBL) yesterday unveiled a $20.2m increase in reserves to cover future policyholder payouts in the wake of Hurricane Dorian.The rise, likely undertaken in anticipation of increased benefits claims, occurred as the BISX-listed
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Come on down, Canada
The Bahamas Ministry of Tourism and Aviation delegates lead by Minister of Tourism Dionisio D’Aguilar as well as numerous industry partners took media outlets and tour operators in Canada on a whirlwind tour of the Islands of the Bahamas, solidifying the messaging of the Bahamas being a viable destination for the Canadian tourists, despite the impact of Hurricane Dorian
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Darville calls on Lloyd to address results decline
PLP Senator Dr Michael Darville said Education Minister Jeffrey Lloyd has a “duty to address this decline” after this year’s poor examination results.
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Credit union consolidation predicted by Central Bank
Small Bahamian credit unions will be forced to merge and consolidate as a result of intensified regulation, the Central Bank is predicting.The regulator, in its just-released 2018 Financial Stability Report, said it was increasing oversight of the se
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US report names Bahamas as money laundering jurisdiction
THE Bahamas was listed among major international money laundering jurisdictions in 2018, a newly released United States Department of State report said, highlighting sources of laundered proceeds included firearms trafficking, human smuggling and tax fraud.
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Civil service salaries in $53m 'over-budget'
The government’s wage bill for the 2017-2018 fiscal year was over-budgeted by $53m because of non-existent persons on its payroll, the deputy prime minister revealed yesterday.
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'Gun epidemic closely tied to drugs trade'
OF THE 762 murders in the country since 2012, 629 of these have been as a result of gun violence, National Security Minister Marvin Dames revealed yesterday. So far this year, he said, there have been 31 murders, but 87 percent of these or 27 involved firearms. Between 2012 and 2018, approximately 602 or 82.4 percent of the 731 homicides involved guns, he also said.
