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Small business agency refutes ‘demand letter’
The Government’s key small business support agency yesterday disputed assertions it sent a “demand letter” to one of its clients seeking repayment of a loan that had fallen into arrears.
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Big data is big business
ActivTrades
A lot of investors call data the new oil or gold. But they are wrong, since data nowadays is much more valuable to all companies as it is almost irreplaceable.
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Roger Kelty ‘was a good friend’
PAT Strachan, chairman of the Retired Boxers Association, expressed sadness on the passing of Roger Kelty, calling him “a good friend”.
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New location drives 80% of December sales rise for AID
A major Bahamian retailer yesterday revealed that its newly-opened Blue Hill Road and Coconut Grove store was responsible for 80 percent of the December sales increase seen in Nassau.
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Top US trade body singles out ‘bribes of convenience’
The Bahamian political system is “beleaguered by reports of corruption”, a newly-released US government report has asserted, singling out what it labelled as “small scale ‘bribes of convenience’”.
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VAT slash ‘not reckless’ as revenues up $160m
The Ministry of Finance’s top official yesterday said the VAT rate cut “is not a reckless, populist act” as he revealed the Government has outperformed first half revenue targets by $160m.
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Bowleg apology for Junkanoo film errors
AFTER complaints over the New Year’s Day virtual Junkanoo presentation, Youth, Sports, and Culture Minister Mario Bowleg said errors are being corrected and a rebroadcast is planned.
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Crisis point for Grand Bahama over COVID hospitalisations
COVID-related hospitalisations are at a “crisis” on Grand Bahama, according to Dr Frank Bartlett, head of the island’s COVID-19 taskforce who reported that there are some challenges with space and staff shortage at Rand Memorial Hospital.
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Sir William’s son hits back in $144k dispute
A son of the late Sir William Allen yesterday denied that his father owed a $144,000 debt to a local businessman, and argued that any obligation to repay hinges on a “deal” that has not yet closed.
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Restoring fiscal health, investing in our future
In 2022, the Davis administration is laser-focused on moving The Bahamas beyond recovery into a period of robust, broad-based economic growth. This means building an economy that widens the circle of opportunity and lifts all Bahamians - not just a few.
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Dorian-hit islands slam VAT change as ‘short-sighted’
The Government’s assertion that reimposing VAT on construction services in Dorian-hit islands will only hurt a “minority” of wealthy homeowners was yesterday blasted as “short sighted”.
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IHOP Bahamas arrival targets up to 130 jobs
A Bahamian entrepreneur yesterday revealed plans to create up to 130 local jobs by making this nation “the anchor for the whole Caribbean” with the IHOP franchise he has just secured.
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DIANE PHILLIPS: The Great Resignation – is The Bahamas vulnerable?
ALL the talk about everything COVID has made us weary.
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Hilton’s ‘indefinite’ close threatens up to 130 jobs
The “fragility” of tourism’s post-COVID rebound was yesterday underscored by the British Colonial Hilton’s decision to “indefinitely” close from February 15, 2022, and terminate up to 130 staff.
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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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Minister: ‘Government is not stopping you from playing sports’
MINISTER of Youth, Sports and Culture Mario Bowleg called on sporting bodies to be more innovative and diversified in their leadership, while advising them of the revision of the Bahamas Sports Advisory Council, provisions for the development of faculties for the seventh Bahamas Games in 2023 and to make the federations more self-sufficient as they relaunch sports in paradise.
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‘Not punitive’: Just 3% of homes see tax hike
The Ministry of Finance’s top official yesterday asserted that just 3 percent of New Providence homeowners will suffer a real property tax hike this year, adding: “We chose not to be punitive.”
