Customs promotions by month’s end ‘impossible’
A Cabinet minister yesterday said it was “absolutely impossible” to complete all Customs promotions by month’s end as the team assessing the matter had only just begun their work.
‘Not punitive’: Just 3% of homes see tax hike
The Ministry of Finance’s top official yesterday asserted that just 3 percent of New Providence homeowners will suffer a real property tax hike this year, adding: “We chose not to be punitive.”
$60m farm project aiming to ‘make agriculture sexy’
Bahamian investors will get details on how they can invest in a $60m hydroponic farming project by early March, its principals saying yesterday: “We want to make agriculture sexy again.”
Legal queries raised on property tax revaluation
A realtor is questioning whether the recent New Providence-wide real property tax revaluation violated Bahamian law because it used an overseas contractor to perform appraisals.
Farming investors: ‘You can taste the difference’
The Bahamian principals behind a $60m hydroponic farm project yesterday voiced hope it will inspire “our fellow Bahamians” to invest in the sector, adding: “We’re full speed ahead.”
BPL’s ‘wild price swings’ preventer set for extension
Bahamas Power & Light’s (BPL) chairman yesterday said the utility’s fuel hedging strategy will almost certainly be continued beyond end-June 2022 to protect customers from “wild price swings”.
‘Absolutely livid’ over doubling, tripling tax
Real property taxpayers were yesterday said to be “absolutely livid” after receiving bills that doubled and tripled their 2022 payments following the recent New Providence-wide revaluation.
Top US trade body singles out ‘bribes of convenience’
The Bahamian political system is “beleaguered by reports of corruption”, a newly-released US government report has asserted, singling out what it labelled as “small scale ‘bribes of convenience’”.
Airlines ‘pay price’ over COVID surge with 15-20% drop
Bahamian domestic airlines have “paid the price” for the recent Omicron-led COVID case surge with a 15-20 percent drop in passenger numbers, an industry executive has revealed.
Stock markets on track for really tough January
ActivTrades
The first month of 2022 has been a challenging one for most stock market investors thus far.
Bahamian farm eyes 1.4m herbs in $60m joint venture
A Bahamian hydroponic producer and its US partner last night revealed they will invest $60m in developing a 71,000 square foot facility able to grow “300 times more food” than a traditional farm.
DEREK SMITH: Building the platform for successful compliance
Compliance is about mitigating risk and following rules set by external authorities.
Restoring fiscal health, investing in our future
In 2022, the Davis administration is laser-focused on moving The Bahamas beyond recovery into a period of robust, broad-based economic growth. This means building an economy that widens the circle of opportunity and lifts all Bahamians - not just a few.
Cruise line’s shut down to have ‘minimal impact’
A senior tourism official yesterday the loss of Crystal Cruises will have “minimal impact” for The Bahamas after one of its ships was forced to anchor off Bimini to escape a US arrest warrant.
No major rush with return to classroom
BACK-to-school suppliers say they did not see the typical customer volumes ahead of this week’s return to the classroom.
