Cable and Gov’t hit by $41m Aliv losses
Aliv’s near-$41m loss for the year to end-June 2021 continues to drag on both its BISX-listed parent and the Government, just-released financial statements reveal.
‘Bright star’: Fish catches up 25%
Long Island’s fishing industry has proven to be a “bright star” amid COVID-19, it was revealed yesterday, with catches and prices said to be up 25 percent and 40 percent respectively.
Long Island businesses ‘helpless’ after bank exit
Long Island businesses are “in a helpless state” after the exit of all commercial banks, the island’s chief councillor revealed yesterday, amid fears that it will become “a banking desert”.
Enough of ‘pie in the sky’ promises
Long Island has had enough of “pie in the sky” promises, its chief councillor said yesterday, describing “appalling” health clinics and “hanging my head in shame” over the lack of tourist facilities.
Port’s profits to decline 7% despite pre-COVID bounce
Nassau’s major commercial shipping port is forecasting a 7 percent year-over-year profit decline for 2022 despite predicting container volumes will return to pre-COVID levels in the first quarter.
Change law so staff pay for COVID tests
A top hotelier yesterday issued “a clarion call” for The Bahamas to eliminate legal stipulations that mandate employers must pay for their workers’ COVID-19 testing.
Target ‘ideal’ 50% debt-to-GDP ratio
The Bahamas must target an “ideal” debt-to-GDP ratio of less than 50 percent to put its fiscal house in order, an ex-Chamber of Commerce chief executive argued yesterday.
VAT reforms to cap ‘huge’ refund liability
The proposed VAT reforms are designed to cap “huge” multi-million dollar refund liabilities owed by the Government to two major transhipment providers, it was revealed yesterday.
End to 12% VAT realty rate ‘shows we mean business’
Realtors yesterday hailed the Government’s decision to eliminate the 12 percent VAT rate on high-end property sales as “a very solid move”, adding: “It shows we mean business.”
Companies urged: Monitor new governance demands
A Bahamian accountant yesterday urged local companies to get on board with growing environmental, social and governance (ESG) awareness and develop strategies necessary to adapt.
Doctors Hospital in COVID turning point
Doctor’s Hospital has seen a turning point in the battle against the latest COVID-19 wave as non-pandemic related patient admissions are starting to increase, it was disclosed yesterday.
Gov’t to ‘swiftly’ probe GB Shipyard concerns
A Cabinet minister yesterday pledged to “very swiftly” investigate allegations that unvaccinated Grand Bahama Shipyard sub-contractors are being “replaced” by foreign workers.
Accountant raises ‘favoritism’ fears
A Cabinet minister yesterday promised that all Bahamian accounting firms will have “a fair opportunity” to win public sector work after concerns were voiced over alleged government bias.
Caribbean Bottling yet to ‘dent’ 15-18% sales gap
Caribbean Bottling’s president yesterday said it has yet to “materially dent” the 15-18 percent gap with pre-COVID sales levels as he voiced doubts that the divide will close in 2022.
Income tax is ‘not on table’
A Cabinet minister yesterday said income tax is “not on the table” although he appeared to leave open the possibility of replacing Business Licence fees with a corporate version.
