Ex-DPM challenges Gov’t on engineer’s BPL report
An ex-deputy prime minister yesterday challenged the Government “in the interests of transparency and accountability” to disclose an engineer’s report justifying the choice of Station A for Bahamas Power & Light’s (BPL) baseload generation.
Red Lobster gains permit for first Nassau restaurant
The Red Lobster franchise yesterday said it has finally received the required Ministry of Works permits to start constructing its first New Providence restaurant which has increased in cost by 25 percent.
Tour operators enjoy 70% post-COVID visitor revival
Tour and excursion operators yesterday said business volumes have returned to 70 percent of pre-COVID levels amid a strong tourism rebound.
Dealer’s ‘art’ expansion as auto sales jump 60%
A Bahamian dealer yesterday revealed it will imminently launch its Automotive Art subsidiary in the belief operators cannot survive on vehicle sales alone despite an industry-wide 60 percent increase for the 2023 first-half.
September seizures for property tax delinquents
Tax officials say they will begin seizing and selling real estate owned by commercial and foreign real property tax delinquents next month, adding: “We’re dotting all the ‘i’s’ and crossing all the ‘t’s’.”
‘Burden cannot be heavier with corporate income tax’
Corporate income tax must not impose a heavier tax burden on businesses than what already exists, private sector executives are warning, while urging that such proposed reform cannot be viewed in “isolation”.
Chief Justice shows Dorian victims mercy
The Chief Justice has shown mercy to a Freeport couple who lost their home in Hurricane Dorian by not dismissing their battle against a commercial bank and top insurance broker over a Supreme Court order breach.
The impending impact of AI on financial markets
ActivTrades
In a world where technology continues to evolve at an unprecedented pace, recent advances in Artificial Intelligence (AI) are poised to reshape the landscape of financial markets.
RODERICK A SIMMS: Excessive taxation no solution for corruption
Corruption, a persistent issue in many countries, can have far-reaching consequences for economies and governance systems. In the case of The Bahamas, corruption not only erodes public trust but also leads to a cycle where governments resort to taxing citizens more as a solution to reduced productivity and economic activity. However, this flawed approach has its limitations and fails to address the root causes of the problem. In this article, we will delve into why excessive taxation is not the best solution, and explore alternative approaches that can bring about positive change and development.
Resort ‘hitting all targets’ with 95% of condos sold
The Goldwynn resort’s developer says its condominiums are 95 percent sold with the property “hitting all of its targets” ahead of what is predicted to be a strong 2024.
Large taxpayers promised ‘crème de la crème’ service
The Government’s senior revenue official has pledged that large companies will receive “crème de la crème” service when the Large Taxpayer Unit is launched next month.
Foreign vacation rentals face rising tax compliance burden
Foreign vacation rental owners face an increasing tax compliance burden with the Government handing them the responsibility of ensuring VAT is both levied on the rental income and paid to the Public Treasury.
Farmer expands with fresh produce market
A Bahamian farmer is expanding by launching a fresh produce market that he aims to have ready within the next three months.
Oil pollution ‘unfortunate’ says GB Chamber chief
The Grand Bahama Chamber of Commerce’s president has branded recent oil pollution impacting the island as “unfortunate” and says “combined efforts” from all stakeholders are needed to protect both the environment and economy.
'Unfulfilled dreams': Bahamians face five-year housing disparity
Housing demand by Bahamians will exceed the supply of new homes for at least "the next five years", a realtor warned yesterday, thereby threatening to leave multiple families with "unfulfilled dreams" of ownership.
