Gov't backed off 10-day VAT filing for large firms
The Bahamian private sector yesterday said cutting the VAT filing deadline for firms with annual turnover exceeding $5m has been "wholly rejected as unworkable" despite the Government backing off its original 10-day target.
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 lines 'should do more': Departure tax hikes backed
Bahamian environmental advocates have backed the increased taxes and new levies imposed on the cruise industry as "a significant step in the right direction" to ensuring it does more to protect the very assets critical to its product.
NIB rate hikes every two years
A Cabinet minister last night warned employers and workers to brace for a series of rolling National Insurance Board (NIB) contribution rate increases every two years with the first hike to be split equally between the two.
CLICO victims urge: 'We need a new day'
The Government was yesterday urged to "make it a new day" for long-suffering CLICO (Bahamas) policyholders amid concerns that zero of the $3.8m compensation allocated in the 2022-2023 Budget has been paid out.
NHI/drug plan merger to curb health waste
A Cabinet minister yesterday asserted that combining National Health Insurance (NHI) with the National Prescription Drug Plan will help to curb healthcare waste and inefficiency in the public sector.
Battery storage to save BPL some $3m monthly
A Cabinet minister yesterday said Bahamas Power and Light (BPL) has commissioned a 25 Mega Watt (MW) battery storage system at Clifton Pier that will save the utility $3m a month.
Bahamas can build ‘extraordinary blueprint’ for nature-based tourism
The Bahamas has the opportunity to “develop a truly extraordinary blueprint” that can make inroads into the global $600bn annual nature-based tourism market, an international advocate is arguing.
Gov't targets $9m grant for BPL ocean energy
A Cabinet minister yesterday said the Government is negotiating a $9m grant from the International Renewable Energy Agency (IRENA) to help Bahamas Power & Light (BPL) develop an ocean thermal energy initiative.
Social services reform key to healing country
Social services play a crucial role in nurturing our nation's most valuable asset: Its citizens. Currently, the well-being, health and standard of living of Bahamians are subjects of great concern. We have yet to fully tackle the challenges of accessibility for child protection services, raising awareness about mental health and revitalising social welfare programmes.
Ex-US embassy property targeted for 48-slip marina
A prominent Bahamian contractor is seeking approvals to dredge more than 40,000 cubic yards of fill to make way for a 48-slip marina located at the rear of a former US embassy property opposite Arawak Cay.
Bahamas wants 'clarity' on Gov'ts GBPA plans
A former MP yesterday urged the Government to come clean on the action it plans to take over the Grand Bahama Port Authority (GBPA), asserting: "The country is waiting for clarity."
DPM: Zero tolerance to revive 'dead zones'
The deputy prime minister yesterday pledged a "zero tolerance" approach to criminal activities in downtown Nassau as he seeks to revive an area presently featuring "crippled commerce" and "dead zones".
Bahamas 'not maximising' impact as tourism booms
The deputy prime minister yesterday admitted The Bahamas has failed "to maximise visitor spending", and retain more of this within its economy, despite a "booming" tourism industry whose numbers "have never been better".
Bahamasair eyes 'millions' in savings from refinancing
Bahamasair's revenue is projected to grow by up to $8m "over the next year" as it targets "millions" in potential savings from the refinancing of existing loans carrying a 13 percent interest rate, it was revealed yesterday.
