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‘Total devastation’ if VAT was put at 15%
Super Value’s principal yesterday said increasing the VAT rate to 15 percent would have inflicted “total devastation on the economy” with food prices set to rise 10-15 percent in the New Year.
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Fishermen urged to respect Nassau grouper season end
Bahamian fishermen were yesterday urged to respect the Nassau Grouper’s closed season and focus on other species so that fisheries stocks can replenish.
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New COVID variant sparks restrictions
IN response to the new Omicron variant, the government announced yesterday it will impose travel restrictions against several African countries, including Botswana and Zimbabwe.
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Banks report ‘fourfold’ fraud attempt growth
The Bahamas can stand “shoulder to shoulder” with any country on the strength of its anti-financial crime regime, the Central Bank’s governor said yesterday, as banks reported a “fourfold” rise in fraud attempts.
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‘Sacrifices’: Bahamians drag feet on retirement
Too many Bahamians face having “to make sacrifices” because they wait too long to build-up sufficient savings to finance their retirement, a local banker warned yesterday.
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‘We need new mindset to end abuse’
PRIME Minister Philip “Brave” Davis says Bahamians must work to break the glass ceiling in society that condones acts of sexual and physical violence against women and children.
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Fidelity: ‘No overhang to depress worker morale’
A BISX-listed bank’s conservative approach to COVID loan loss provisioning has paid off by ensuring “there’s no overhang that depresses staff morale”, its chief executive says.
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Rahming hits back on ‘victimisation’ charge
STATE Minister for Social Services and Urban Development Lisa Rahming has strongly denied allegations that she verbally abused and carried out acts of political victimisation against employees at the social agency, insisting “that’s not who I am”.
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Gibson slams breadbasket VAT rise
LONG Island MP Adrian Gibson has taken the Davis administration to task about its plan to impose 10 percent value added tax on items that were once zero-rated.
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Sebas raises $19m for e-commerce purchase
Sebas Bastian raised nearly $19m from investors to finance the acquisition of an e-commerce platform that he yesterday said will become an “Amazon like” presence in The Bahamas and region.
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‘From headwinds to hurricanes’: Minnis denies 15% VAT increase
The former prime minister yesterday “categorically” denied that he planned to “turn headwinds into a hurricane” if re-elected by following the IMF’s recommendation to hike VAT to 15 percent.
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PAHO: Don’t panic over Omicron strain
PAN American Health Organisation officials have urged countries in the region to not panic over the new Omicron strain but instead to focus efforts on redoubling virus surveillance and expanding vaccine coverage in view of the new threat.
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Cyber Monday yet to catch on for local retail
Bahamian electronics retailers yesterday said “Cyber Monday” means little to them, with several instead believing a pre-Christmas clearance event will generate better economic returns.
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Opposition’s last-ditch VAT change bid fails
A Cabinet minister last night slammed the Opposition’s bid to introduce last-minute changes to the VAT Bill as the two sides continued to trade blows over the rate cut and ‘zero ratings’ end.
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NIB reserves still ‘stable’ at $1.6bn
A Cabinet minister yesterday said the National Insurance Board’s (NIB) reserve fund “remains stable” at $1.6bn despite multi-million dollar COVID-related unemployment benefit payouts.
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BDCS committing names to the sex offender register
THE Bahamas Department of Correctional Services is in the process of committing names to the sexual offender register, National Security Minister Wayne Munroe confirmed yesterday.
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Retailers face nervous festive inventory wait
A BAHAMIAN retailer yesterday said “goods are sitting in places and we can’t get them”, as she lamented the supply chain woes disrupting the run-up to a vital Christmas season.
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Canada routs Bahamas, 115-73
The Bahamas senior men’s national basketball team continues its struggles against Team Canada and the regional powerhouse dominated in the first window of the FIBA World Cup 2023 Qualifiers.
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Thompson: Economic performance improved from July to September
EAST Grand Bahama MP Kwasi Thompson is adamant that the former Minnis administration’s policies were working, pointing to increased revenues between July to September.
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U.S. steps up testing rule for entry into country
THE United States has announced tightened entry requirements for travellers entering the country, requiring a negative COVID-19 test taken within one day of departure regardless of vaccination status.This begins next week.
