Ex-minister faces legal fight over $1.25m debt
An ex-Cabinet minister yesterday slammed as “ridiculous” an escalating legal battle that he has become embroiled in over a controversial New Providence dolphin attraction that was ordered to close by the Supreme Court.
‘Place consumers ahead of votes on price control’
Eliminating price controls “would more than offset” soaring inflation, a Bahamian retail chief is arguing, but politicians remain too obsessed with “perception” and election votes to allow consumers to benefit.
'Misunderstood' on gasoline VAT cap
Abaco's Chamber of Commerce president believes the Government may have "misunderstood" calls for it to cap - not cut - the amount of VAT it earns on gasoline sales in a bid to ease inflationary pressures in the Family Islands.
Bill, Tony and Tom to elevate digital ‘front runner’ Bahamas
A former US president and ex-UK prime minister, plus a record-breaking Super Bowl winner, are heading the speaker line-up at a conference that will next week seek to elevate The Bahamas’ position as a digital assets “front runner”.
Highest US COVID rating ‘paves way’ for test ease
A senior hotelier yesterday voiced optimism that The Bahamas’ achievement in attaining the highest-possible COVID rating with US health regulators “paves the way” for both to review the testing protocols required to enter their nations.
Stocks and wars
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“BUY when the cannons roar. Sell when the violins are playing.” This stock market wisdom comes from Carl Mayer von Rothschild (1788-1855), partner in the Frankfurt banking and trading house, M.A. Rothschild & Sons. “Be fearful when others are greedy and be greedy when others are fearful,” Warren Buffett also said.
Gov’t touts 26% VAT rise despite rate cut
The Ministry of Finance’s top official has touted a 26 percent VAT revenue increase, compared to pre-COVID numbers, for the first two months of calendar 2022 as a signal that the rate cut has not impacted government revenues.
‘Shocked’ at 106% spend jump for universal health
The Bahamas may never achieve universal health care (UHC) if it “kicks the can down the road another five years”, an ex-Cabinet minister warned yesterday, while voicing “shock” at estimates it needs to increase investment by 106 percent.
‘Incredibly prohibitive’: Retail tariff cuts push
Bahamian retailers were yesterday said to be seeking a meeting with the Government to press for tax cuts on multiple high-tariff items and remove an “incredibly prohibitive” barrier to increased local commerce.
Law compliance fear over BPL fuel costs
Concerns were voiced yesterday that Bahamas Power & Light (BPL) could potentially be violating the law by failing to fully pass its fuel costs on to residential and business consumers.
Bahamians must pay for benefits they want
A prominent financial analyst says Bahamians cannot expect to remain “a low tax jurisdiction” while expecting to enjoy the same social security benefits as developed nations.
‘Give gas dealers reward for no Easter shut down’
The Government was yesterday urged to give gas station operators some reward for letting “common sense prevail”, as the industry pledged “there’ll be no shut down on this island” over the Easter weekend.
‘We cannot let NIB go broke’
The Bahamas cannot “let the National Insurance Board (NIB) go broke”, top business executives warned yesterday, with financial analysts asserting: “You cannot kick the can down the road any further.”
‘No water from stone’ warning on cost hikes
The Government was yesterday warned it “cannot get water from a stone” with a likely National Insurance Board (NIB) contribution rate hike set to add to multiple cost increases facing the Bahamian private sector and consumers.
Post-Easter tourism is ‘higher than ever’
A top hotelier yesterday said tourism demand for the post-Easter weekend period is “higher than it’s ever been” and “going beyond the traditional ring fencing” that usually marks the peak winter season climax.
