‘Unnecessary damage’: Food Task Force head rebuts PM
The head of the former COVID-19 feeding programme yesterday voiced fears that participants will be “unnecessarily damaged” by the Prime Minister’s continuing attacks on its work.
Top Customs officers in ‘vast fee disparity’
Two senior Customs officers received a combined $836,391 in reimbursements over a three-and-a-half year period by selecting themselves for the most lucrative import clearance assignments.
‘Comfort’ as PM pledges tax increases last resort
Businesses and Bahamians can take “comfort” from the Prime Minister’s repeated assertion that new and/or increased taxes will be “a last resort”, a governance reformer said yesterday.
PM unveils plans for $900m crackdown on large tax delinquents
The Prime Minister yesterday unveiled plans to crackdown on delinquent taxpayers owing a collective $900m by creating a unit to focus on the Government’s major revenue generators.
Brave double down on Govt’s ‘hidden’ $650m
The Prime Minister’s accusation that his predecessor hid an “astounding” $650m of unfunded liabilities from its pre-election fiscal report was yesterday exposed as a “difference in interpretation”.
Cruise passenger count at new post-COVID high
Nassau Cruise Port’s (NCP) new arrivals terminal will be operational by year-end 2022, its chief executive said yesterday.
DPM hails world’s largest cruise ship
The deputy prime minister yesterday hailed the arrival of the world’s largest cruise ship in Nassau as epitomising “what a good partnership is supposed to look like”.
Banks urged: Don’t leave buyers ‘holding the bag’
A prominent accountant has urged Bahamian financial institutions not to leave clients “holding the bag” by selling them repossessed properties in unapproved subdivisions.
Chamber chief urges VAT gasoline ‘cap’
Abaco’s Chamber of Commerce president yesterday urged the Government to “cap” the VAT it earns from taxing gasoline at 45 cents per gallon and “alleviate the pain” of soaring fuel costs.
Bahamas to ‘feel brunt’ of Russian sanctions shock
The Bahamas will “feel the brunt” of the fall-out from Russia’s Ukraine invasion, a governance reformer warned yesterday, with hyper-inflation threatening to plunge the world into a depression.
Abaco suffers three-year, $60m Dorian rental blow
Abaco lost more than $60m in rental income during the 28 months immediately after Hurricane Dorian due to the devastation inflicted on its housing stock, it was revealed yesterday.
More questions raised over BPL fuel hedging
Bahamas Power & Light (BPL) yesterday rejected accusations that the Davis administration had cancelled its fuel hedging initiative even though it was not producing the desired financial savings.
Gov’t targets 25% slash to $1bn food import bill
A Cabinet minister yesterday said the Government is aiming to slash The Bahamas’ annual $1bn food import bill by 25 percent come 2025.
Gov’t considers taxi, jitney fare increase
A Cabinet minister yesterday said the Government is mulling whether to increase taxi and jitney fares to enable these industries to offset increased costs from rising gasoline prices.
Petroleum dealers warn on fuel, self-service, cutbacks
Petroleum dealers yesterday warned they may have to cut back on the amount of fuel they order, and move to self-service on some days, to ease the impact from soaring global oil prices.
