Selling out! Independence Day sales soar
RETAILERS are reporting strong sales of Independence Day-related merchandise ahead of the Bahamas’s 50th anniversary celebrations.
‘No choice’ but to go Bahamian
The Government must build greater “trust and confidence” in its fiscal plan among Bahamian investors given it has “no choice” but to almost exclusively tap the local capital markets to meet its nine-figure deficit financing demands.
‘Nothing to lose’ on 5% corporate tax
A Bahamian financial services provider yesterday argued that this nation should smash “conformity” by adopting a low-rate 5 percent corporate income tax, asserting: “We have nothing to lose.”
Inland Revenue must be a ‘well oiled machine’ for corporate tax
The Department of Inland Revenue (DIR) must become “a well-oiled machine” that is far more responsive to taxpayer needs under a corporate income tax regime, a prominent accountant is urging.
Grocers chief rejects PM’s ‘dumping’ fears
The Retail Grocers Association’s (RGA) president yesterday rejected the Prime Minister’s assertion that The Bahamas is a ‘dumping ground’ for unsafe and inferior goods, and charged: “You can stop it at the border.”
Reserves hit $2.9bn on Gov’t borrowing boost
The Bahamas’ foreign currency reserves expanded by almost $169m in May due to a boost from the Government’s external borrowing activities as they closed the month at near-$2.9bn.
Bahamian accountant calls for Caribbean united front
A Bahamian accountant has called on the Caribbean to adopt a united front over how mandatory environment, social and governance (ESG) reporting standards will be embraced in regional laws and regulations.
DPM: Downtown targets 'quick pedestrian wins'
The Deputy Prime Minister yesterday said the road adjacent to the Straw Market, which connects Woodes Rogers Wharf to Bay Street, is being targeted for the first in a series of "quick wins" for downtown Nassau.
Bahamian retailer in AI site upgrade
A Bahamian retailer says its newly-launched online shopping platform now features a chat services powered by artificial intelligence (AI) in a bid to improve customer service
Poultry producer seeks $100,000 for hatchery
A Bahamian poultry producer yesterday said it still requires $100,000 in financing to develop its own hatchery as plans for similar facilities advance elsewhere in this nation.
Gov't considers plan for Melia reopening
The Deputy Prime Minister yesterday said plans to re-open Cable Beach's Melia Nassau Beach Hotel are being “favourably considered” by the Government and an announcement on the property's future will be made in due course.
Spending watchdog to probe transport issues
THE OPPOSITION’S leader says the Parliament’s Public Accounts Committee (PAC) plans to start investigating before month’s end several matters “of great concern” involving the Ministry of Transport and Housing.
Briland hotelier’s ‘night and day’ $100k revenue jump
A HARBOUR Island hotelier yesterday revealed a “night and day” comparison to pre-COVID performance as revenues for May 2023 were some $100,000 up on the same month in 2019.
Stopover tourists strike 94% pre-COVID levels
TOTAL air arrivals to The Bahamas in May hit 94.2 percent of pre-COVID’s 2019 high, the Central Bank revealed yesterday, with overall visitor numbers for the first five months of 2023 some 68 percent ahead of last year.
‘Something’s got to give’ in Govt’s fight with GBPA
A LONG-STANDING Freeport licensee says “something has got to give” in the struggle between the Government and Grand Bahama Port Authority (GBPA), and warned: “Change is inevitable.”
