Top revenue collector eyes 2/3 expansion to 500 staff
The Government’s main revenue agency is targeting a further two-thirds expansion of its workforce to around 500 staff, a top official revealed yesterday, adding: “We have no staff in the Family Islands.”
Union leader: Minimum wage to jump to $260
A trade union leader last night forecast the Government will likely approve a 24 percent hike in the private sector minimum wage to $260 per week after a presentation was made to the Davis Cabinet on the issue yesterday.
Treasure Cay owners ‘hate’ buyer’s new bid
Treasure Cay property owners yesterday said they “hated” the latest development proposal submitted by the project’s potential purchaser, which includes plans for a 350-room hotel and 216-slip marina.
‘Can’t have cake and eat it’ on taxation rise
A well-known banker yesterday said the Government has to “increase the tax rate” to hit its revenue and overall fiscal consolidation goals, adding: “You can’t have your cake and eat it too.”
‘COME CLEAN’ ON $90M PUBLIC SERVICE FEE HIKE: FNM asserts Gov’t trying to ‘sneak’ increase through
The Opposition yesterday urged the Davis administration to “come clean” over plans to raise an extra $90m from increasing user fees paid by the Bahamian people to access multiple public services.
Grand Bahama airport bids range from $50m to $150m
Three shortlisted bidders are offering to invest between $50m to $150m in redeveloping Grand Bahama International Airport (GBIA), the deputy prime minister said yesterday, with the latter’s new Board charged with selecting the winner.
Collins parking plan tackles ‘national parking dilemma’
A prominent doctor says a proposed 15-storey parking garage and residential condo complex on Collins Avenue represents his contribution to solving what he described as a “national parking dilemma”.
Gov’t promises to ‘end fiscal insanity’
The Davis administration last night admitted that the decades-old “structural imbalance” in the Government’s finances is a recipe for “economic calamity”, and pledged: “This fiscal insanity must end.”
Insurer eyes expansion into ‘big boys’ territory’
A Bahamian insurer yesterday said it will decide within the next five years whether “to venture into big boys’ territory” via US expansion, saying: “We cannot rest on our laurels.”
Gov’t targets $500m ‘one-time tax boost’
The Ministry of Finance last night said it is targeting a “one-time $500m revenue boost” from a limited menu of enforcement and compliance initiatives while pledging to minimise any increase in the tax burden faced by Bahamians.
Taxi union chief threatens arbitrary 30% fare increase
The Bahamas Taxi Cab Union’s (BTCU) president yesterday threatened to tell his members to arbitrarily raise their fares by 30 percent despite not having obtained government or Parliament’s approval for such a move.
Cruise port targeting $40m yearly revenue
Nassau Cruise Port will generate up to $40m in annual operating revenues from 2023 onwards, it has been revealed, with next year’s passenger volumes forecast to hit a record high by breaching the four million mark.
Lyford Cay developer says project fits with community’s vision
A controversial potential Lyford Cay developer hits back at the objections to their 72 unit quartet of nine-storey condominiums in the heart of the gated enclave.
Cooper: We’re going the right way with agriculture
The Deputy Prime Minister said the country is “moving in the right direction” on sustainable and climate smart agriculture.
Customers warned on rising costs on construction projects
Not only are the price of construction materials “through the roof” but contractors have to tell their customers there are “escalating costs” that must be recovered on all projects.
