Opposition: Pay for VAT food relief via higher property rate
The Opposition’s finance spokesman yesterday urged the Government to reintroduce 12 percent VAT on high-value property purchases to finance his call for expanded tax relief on foods.
‘Value for money’ fears on 100% light bill rises
A senior hotelier says The Bahamas must deliver “value for money” to hit projected tourism growth levels after 100 percent light bill increases sparked fresh cost of doing business concerns.
Bahamas reputation 'whole' despite SBF guilty verdict
The Prime Minister's press secretary has maintained that The Bahamas' financial services reputation remains intact after FTX's founder was last week found guilty of defrauding clients of up to $10bn.
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.
‘Economy’s turned’: Port targets $10m-plus profit
Nassau’s main commercial shipping port is targeting a 7 percent year-over-year increase to break the $10m profit barrier in 2024, its top executive asserting yesterday: “The economy has turned.”
Just one SOE ‘can throw everything’
The Government yesterday unveiled policies to govern a near-$800m portfolio of loans and guarantees to state-owned entities, a senior official saying: “One transaction could throw everything awry.”
$500m cruise port’s ‘strict preference’ for Bahamians
The US contractor managing landside construction for Carnival’s $500m Grand Bahama cruise port has pledged to give “strict preference” to Bahamians on all work that is put out to bid.
Tribunal VP: Terminate employees ‘by the book’
The Industrial Tribunal’s vice-president has warned employers to ensure staff terminations are done “by the book” in awarding a fast-food group’s ex-supply chain manager $47,000 for unfair dismissal.
Bus fare increase set for 2024 first quarter
A Cabinet minister yesterday said the 25-cent bus fare increase will be rolled out in the 2024 first quarter following a series of Town Hall meetings to inform and educate the public on the move
Gov’t plans 100 MW Nassau solar project
The Government plans to seek bids for the provision of up to 100 Mega Watts (MW) of solar energy for New Providence, the Attorney General said yesterday.
Bahamian firm’s tie-up to ‘unlock’ LNG supply
A Bahamian firm’s partnership with an international liquefied natural gas (LNG) supplier will attempt to “unlock the supply chain” with plans to soon store the fuel in this nation.
BPL eyes ‘fast-paced’ transition over energy
A Cabinet minister yesterday pledged that Bahamas Power & Light (BPL) intends to make a “fast-paced” transition to cleaner and renewable energy in upcoming years.
Financial analyst chief backs income tax move
A Bahamian financial analyst yesterday backed the introduction of income tax as he called for this nation to move away from VAT and the other regressive levies it has relied on for decades.
Wynn identifies three sites to avoid ‘parking anarchy’
A Goodman’s Bay developer yesterday said it has identified three potential off-site parking locations for construction workers and staff as it bids to avoid the “anarchy” that occurred during its first project.
Pintard touts near-$50m equity gain on BPL plant
Bahamas Power & Light (BPL) enjoyed a near-$50m equity gain on its ‘Station A’ investment, the Opposition’s leader charged yesterday, slamming accusations of cost overruns as a “misrepresentation”.
