House blows traded over 350% yacht charter hike
The Prime Minister and an ex-Cabinet minister yesterday traded blows over the Government's plan to increase the taxation rate on foreign charter operators by 350 percent in the upcoming 2022-2023 fiscal year.
ART OF GRAPHIX: Promoting greater staff advancement
You have been working hard, putting in long hours at the office and giving in to every demand from your boss, and you are still being passed over for a promotion. Being a loyal worker clearly is not enough to get you to the next career level, so what is a dedicated employee to do?
Managing the Budget’s perils
The 2022-2023 Budget has generated vibrant, robust discussion in certain quarters and an uncanny level of silence in others.
'Economic dignity': Container Port slashes casuals to 24%
The Prime Minister yesterday said the Government's drive for "economic dignity" had resulted in Freeport Container Port reducing the number of "casual" employees in its workforce to 24 percent.
Agricultural Fund seeking to revive interest among young
A Cabinet minister yesterday said the Government plans to create an Agricultural Development Fund that will give young farmers access to grant and loan financing.
Last-minute rescue for private aviation
Bahamas Customs yesterday flew to the private aviation industry’s last-minute rescue by delaying implementation of a new border control regime that some feared could drive away up to 50 percent of this nation’s business.
Cruise port hits 97% end-May occupancy
Passenger occupancies on vessels calling at Nassau Cruise Port in the final week of May exceeded 97 percent, it was revealed yesterday, signalling the sector is closing on full recovery from COVID-19’s ravages.
Budget’s housing focus can be ‘windfall catalyst’
The Budget’s focus on stimulating home ownership “could be the catalyst that triggers an economic windfall” by boosting investor confidence in the wider economy, the Bahamian Contractors Association’s (BCA) president believes.
‘Get past need for Budget secrecy’
The Government must “move past this need for secrecy” in the annual Budget process and avoid blindsiding the private sector and wider Bahamian public on planned fiscal reforms, a prominent banker is arguing.
Insurers: Monday night floods a ‘wake-up call’
Bahamian insurers yesterday said Monday night’s heavy rainfall and flooding should be a “wake-up call” for all home and vehicle owners, plus businesses, ahead of what is expected to be an active 2022 hurricane season.
Unions won’t ‘twiddle thumbs’ on industrial agreement delay
A union leader yesterday warned that the labour movement will “not sit around twiddling our thumbs” as he voiced displeasure with the Government’s failure to progress multiple industrial agreement negotiations.
BPL woes can’t be solved ‘overnight’
Bahamas Power & Light’s (BPL) struggles to keep the power on are the result of “legacy issues” that cannot be solved “overnight”, a trade union leader asserted yesterday.
Cable in $169m refinance amid return to profitability
Cable Bahamas yesterday unveiled plans to refinance $169m in preference share debt, and slash annual interest payments by $500,000, after generating its first quarterly net profit for several years.
Sands beer’s tax advantage threatened in Budget reform
Budget reforms designed to brew “a level playing field” among Bahamian beer manufacturers are threatening to cost one Grand Bahama producer the tax advantage it has long enjoyed over its BISX-listed rival.
‘Fantastic’ food tariff cuts won’t fully offset inflation
The Budget’s tariff cuts “can’t compensate” fully for the 20 percent increase in food prices since late 2021, Super Value’s principal said yesterday, although they may cover “half of what was lost” by the return of breadbasket VAT.
