PM: Bahamas ‘rewriting rules’ in climate battles
The Prime Minister is asserting that The Bahamas is “rewriting the rules of engagement for climate resilience and conservation” with its $300m debt-for-nature refinancing transaction.
New construction ‘fallacy’ for solving housing crisis
Successive governments have “buried their head in the sand” and are “guilty of this fallacy” that simply building more homes will solve The Bahamas’ housing crisis, a senior banker has warned.
IMF ‘out of touch’ on Bahamas VAT hike
Bahamian businesses yesterday branded the International Monetary Fund (IMF) as “out of touch” in calling for “further revenue measures”, including a possible VAT hike, adding: “They need to come live here.”
KEITH ROYE II: Machine learning now a corporate necessity
In today’s fast-paced business world, companies are turning to machine learning (ML) to drive efficiency, reduce costs and gain a competitive edge. As a technology that leverages data to make predictions, automate tasks and optimise processes, machine learning is reshaping business operations across numerous industries.
Ex-minister backs PHA fees on ‘ability to pay’
A former health minister yesterday backed the IMF’s call for the Public Hospitals Authority (PHA) to impose patient fees on those “with the ability to pay” and “double” its present $20m annual revenues.
‘Simpler building process and more transparency from bill’
THE Local Government Bill will streamline the building process, improve transparency and give local governments the power to raise revenue, said Minister of Works and Family Island Affairs Clay Sweeting.
Chamber blasts ‘audacity’ of IMF tax, water tariff increase
The Bahamas Chamber of Commerce and Employers’ Confederation told Tribune Business they strongly oppose “even the suggestion of increased taxation” after the International Monetary Fund (IMF) proposed a VAT increase among other changes to aid the government in reaching its 2031 debt target.
‘Why has roadwork stopped?’ ask residents in South Andros
South Andros business owners and residents have become frustrated with the pace of road repairs and have renewed calls for roadwork to be completed.
US companies on three-day Bahamas mission
Seven American companies are participating in a three-day US government-sponsored trade mission that started yesterday in a bid to forge partnerships and closer ties with Bahamian firms.
Chamber warns of impact of crime on businesses
The Bahamas Chamber of Commerce & Employers’ Confederation is concerned with the rise of crime and its impact on businesses, especially following an IDB report stating the country’s GDP experienced a loss of $100m with 40 percent of that owed to crime.
DPM heads to Middle East for technology, airlift discussions
The Deputy Prime Minister is travelling to the Middle East to discuss technology innovation and airlift development initiatives that are designed to benefit The Bahamas.
‘Check the fine print’ says Rolle on Amazon shipping
Randy Rolle, chairman of the Consumer Protection Commission, said DHL representatives were “extremely responsive and provided good insight” as the Commission sought clarity on how taxes and fees will be attributed to orders that qualify for “free shipping” from Amazon.
$250m GB resort project begins with site clearance
The developers behind Grand Bahama’s $250m Six Senses resort project have begun site clearance in preparation for an official groundbreaking in the 2025 first quarter.
US feared Bahamas would not arrest SBF
The US was so concerned that Bahamian authorities would not arrest Sam Bankman-Fried unless his “precise location” was known that they enlisted his FTX co-founder to identify the hideaway.
IMF: Raise VAT rate or debt goal ‘out of reach’
The International Monetary Fund (IMF) yesterday warned the Government’s 2031 debt target will be “out of reach” without “further revenue reforms” including a possible VAT rate increase.
