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Gov’t: Inflation did not drive VAT revenue rise
Record inflation generated less than $10m of the VAT revenue increase in the first six months after the rate cut, the Ministry of Finance asserted last night, with the 2021-2022 deficit slashed by 48.4 percent year-over-year.
Doctors is ‘coming in hot’ on bed shortage
Doctors Hospital is “coming in hot” with a multi-million dollar investment in upgrading its healthcare infrastructure that aims to narrow The Bahamas’ bed shortage compared to global benchmarks.
Taxi plates issuance branded ‘a big mess’
Drivers yesterday asserted that the Road Traffic Department has been forced to suspend the issuance of new taxi plates because some have ended up “in the hands of hooligans”.
Bitcoin: The Story So Far
ActivTrades
BITCOIN is the original cryptocurrency, created in the aftermath of the 2008 global financial crisis when someone known as Satoshi Nakamoto (their real identity is unknown) published the blueprint. The aim was to bypass traditional financial intermediaries and end central banks’ control over money, relying instead on a peer-to-peer system supported by blockchain, which is the name given to cryptographic information distributed across a decentralised network.
‘Best bang for dollar’ to counter rate hikes
The Bahamas must give all visitors “the best bang for their dollar and ‘A’-plus customer service” as the most effective counter to inflation and continuing US interest rate hikes, a senior tourism official said yesterday.
‘No warning shots’ for police says Fernander
POLICE Commissioner Clayton Fernander said officers have “the right to do what they have to do” when confronted with armed people who put their lives in danger.
80 Haitian migrants held after vessel intercepted
EIGHTY Haitian migrants were apprehended when their vessel was intercepted in the Ragged Island chain on Sunday. Royal Bahamas Defence Force Commodore Raymond King said the group will be taken to Nassau.
Jones, Sun force decisive Game 5
UNCASVILLE, Conn (AP) — DeWanna Bonner and Courtney Williams each scored 19 points to help the Connecticut Sun rout the Chicago Sky 104-80 last night and force a decisive Game 5 in their WNBA semi-final series.
‘Slow death’ fears if spend cut too deep
A small business advocate yesterday voiced fears the sector will suffer “a slow death” if Bahamians cut back too much on spending after the Prime Minister’s inflation warning, adding: “We don’t want to frighten people.”
Memorial for Dr Julia Wershing
A MEMORIAL mass was held in Madison, Nebraska, this morning for Dr Julia M Wershing, 89, who died in Madison, on Tuesday at the Arbor Care Centre in Madison.
Two accused of burglary
TWO men appeared in Magistrate’s Court yesterday on separate charges of housebreaking and burglary.
Inflation jumps five-fold to back PM’s warning
The Central Bank yesterday revealed that annual inflation for the year to June 2022 increased almost five-fold compared to the previous 12 months to give a stark indication of the cost of living crisis facing many Bahamian families.
Stop ‘getting every dollar’ out of Abaco
A prominent Abaconian has blasted the “bureaucratic red tape” that is preventing the island from making further progress on a post-Dorian economic recovery that he estimates its 60-65 percent complete.
‘Sooner the better’ for end to mask mandate
A top hotelier yesterday asserted that the Government will “secure tourism’s continued upward momentum” if it eliminates the remaining COVID travel restrictions, adding: “The sooner we do it the better off we will be.”
‘Stars are aligning’ over $3m Nassau Gas raise
A Bahamian propane gas (LPG) dealer yesterday said “the stars are aligning” as it seeks up to $3m from Bahamian investors to finance its ambitious growth strategy throughout the country.
NPSA All-Star Classic at Banker’s Field Saturday night
WITH a rekindled interest coming out of the two-year hiatus as a result of the COVID-19 pendemic, the New Providence Softball Association is eager to display its outstanding players so far this season during the All-Star Classic on Saturday night in the Banker’s Field at the Baillou Hills Sporting Complex.
FACE TO FACE: Following in the footsteps of an emperor
BATH, England is such a beautiful place. Those who watched the Netflix hit, Bridgerton have seen the scenes of an idyllic countryside with beautiful architecture and lots of charm.
Adelaide developer: Don’t ‘drop bomb’ on our costs
A Bahamian businessman yesterday warned he and his partners might have to “shelve” a $63m New Providence project if “prohibitively expensive” changes and conditions were imposed after Wednesday’s planning consultation.
DIANE PHILLIPS: What happens when the bridge to the future is condemned?
RIGHT now, today, 45 promising students with ambitious goals and a determination to succeed need a hero.
Port sets July record on container volumes
Nassau’s commercial shipping port set a July record after container imports increased by more than 20 percent with its top executive yesterday confirming business volumes have rebounded to pre-COVID levels.
