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'World has changed': IBCs taxed on foreign earnings

Bahamas-domiciled International Business Companies (IBCs) will have to pay tax on their overseas earnings from New Year's Day 2024 in an historic first for this nation, a senior official confirming: "The world has changed."

Rhema Otabor wins NCAA javelin title

NEBRASKA'S junior Rhema Otabor got the early lead and held on for a personal best and collegiate leading mark to win the women's javelin title at the National Collegiate Athletic Association Outdoor Track and Field Championships in Austin, Texas.

Eva Hilton, Sybil Strachan run away with U-12 soccer titles

THE under-12 (U12) girls of Eva Hilton Primary School and boys of Sybil Strachan Primary School can now celebrate after winning the division trophies at the newly-named Dawn N Knowles Primary Schools Soccer Tournament hosted at the Roscow AL Davies Soccer Field yesterday.

Tiger Woods putts into a bunker and loses ground, Spieth and Scheffler share lead in Hero World Challenge

NASSAU, Bahamas (AP) — Tiger Woods opened with four birdies in seven holes. The closing stretch was another struggle Friday in the Hero World Challenge, which included a putt that went off the green and into the bunker.

Super Value president: 'Things aren't flowing'

Super Value's president says that, while profit-based taxation "would be favourable" for food retailers, the Government must first prioritise the ease of doing business because "things aren't flowing like they should".

PM denies FTX gave Heat ‘court side’ seats

The Prime Minister’s spokesman last night refuted claims he received free “court-side seat” tickets from FTX and other hospitality perks in attending a Miami Heat basketball game.

Chamber chair: Online start-ups expanding beyond social media

The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman said online ventures created during COVID are expanding from social media to full scale e-commerce platforms.

Morgan’s Bluff, Andros to host Bahamas Games sloop sailing

Morgan's Bluff, Andros will host the sloop sailing competition during the return of the Bahamas Games next month – with all other events being staged in New Providence.

CBS: Online platform in 20% of Xmas sales

A Bahamian retailer yesterday said its e-commerce platform is generating 20 percent of total revenue this Christmas season.

Realtors voice fears on tax 'inconsistency'

Realtors yesterday voiced concern over "the optics" and "inconsistency" of tax policy as the Government moves to adjust the VAT paid on real estate sales to ensure foreign buyers pay a 10 percent rate across-the-board.

Budget deals marinas 'another slap in face'

A former Association of Bahamas Marinas (ABM) president yesterday asserted that the Budget has dealt the industry "another slap in the face" through multiple fee increases for dockage and vessel registration.

Knowles brothers in lead after day 1 of Sir Durward Knowles National Junior Sailing Championships

IN a tribute to their late great-grandfather, Exuma’s brothers Emit and Joss Knowles put on a show as they led the pack after day one of the Sir Durward Knowles National Junior Sailing Championships.

'Death by 1,000 cuts' fear on new Bimini airport fees

Private aviation operators yesterday voiced fears that the industry faces "death by a thousand cuts" amid a furious reaction to the imposition of multiple new fees to pay for Bimini's $80m airport upgrade.

Abaco energy woe 'worst that I can ever remember'

A prominent Abaco official says yesterday was the first day in two weeks to largely pass without a power outage as he revealed that the island's energy woes are "the worst that I can ever remember" apart from Dorian's immediate aftermath.

Cruise port principal demands $2m back

A PRINCIPAL behind the Long Island cruise port project is demanding that a Bahamian law firm refund him $2m sent for a separate investment deal in the Exumas that “never took place”.

'Remarkable uncertainty' over NIB back-pedalling

The Government's political opponents yesterday accused it of creating "a remarkable amount of uncertainty" for businesses and workers by back-pedalling over plans to progressively increase NIB contributions.

Target cruising's top 10% for 'awesome' conversion

Nassau Cruise Port's top executive yesterday said The Bahamas must target the "top 10 percent" of cruise visitors with a compelling "value proposition" to realise a "huge" stopover conversion opportunity.

Gov't 'on target' for 60-day contract unveiling by March

The Government's top procurement official yesterday predicted that it will be "on target" to disclose all contract awards within 60 days - as required by law - come March 2024.

Ex-PM: 'Grave mistake' on $86m hospital funds

A former prime minister is charging that the Government made "a grave mistake" by returning more than $86m in low-cost financing for Princess Margaret Hospital's (PMH) expansion to the original lender.

Property tax cap up 25% to hit $150,000

Bahamian realtors have given a mixed reaction to the Government's decision to increase the annual real property tax cap by 25 percent to $150,000.

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