Insurance VAT return ‘not even on the table’
A Cabinet minister yesterday said making homeowners insurance VAT-able was “not even on the table”, with legislation to effect the rate cut to be tabled in Parliament by next Wednesday.
New auto chief eyes VAT cut sales bump
The Bahamas Motor Dealers Association’s (BMDA) newly-elected president yesterday voiced optimism that the VAT rate cut could spark a 10-20 percent uptick in consumer auto purchases.
BTC revenues up 7% to $48m
The Bahamas Telecommunications Company (BTC) generated a 7 percent year-over-over increase in 2021 third quarter revenues after adding 3,000 Internet and TV subscribers in the period.
Hotels won’t rebound to pre-COVID employment
A top hotelier yesterday conceded it will “be very difficult” for existing Bahamian resorts to fully return to 100 percent of pre-COVID staffing levels due to the changed working environment.
ART OF GRAPHIX: Unlocking the creative spirit
Creative people are those who imagine the possibilities and wonders of the world. They can immerse themselves in imagination and fantasy, yet remain grounded enough to turn their dreams into reality. They are often described as dreamers, but that does not mean they live with their heads in the clouds. Art must be creative as it is a product of our imagination. We can use art as an expression of our feelings, emotions and selves.
Deloitte hired to review $535m BPL refinance
The Government has hired Deloitte & Touche to conduct a 30-day “rapid assessment” of Bahamas Power & Light’s (BPL) massive $535m refinancing, a Cabinet minister said yesterday.
COVID rules to spark barber price increase
Bahamians were yesterday warned to expect price increases at barbers, hair salons and spas due to capacity restrictions set to be impose under the Government’s new COVID-119 rules.
House dispute erupts over controversial water plant
A dispute erupted in the House of Assembly yesterday over a troubled New Providence wastewater treatment plant that the new administration is pledging to finish “in the shortest possible time”.
House dispute erupts over controversial water plant
A dispute erupted in the House of Assembly yesterday over a troubled New Providence wastewater treatment plant that the new administration is pledging to finish “in the shortest possible time”.
Port beats revenue forecasts by $1.5m
Nassau’s major commercial shipping port beat its original revenue forecast by almost $1.5m for its 2021 financial year, although profits declined by 7.7 percent year-over-year.
Oil explorer shouldn’t be ‘blip on the radar’
An oil explorer’s financial woes should mean its bid to renew its four Bahamian licences is “not even a blip on the radar” for the Government, environmental activists argued yesterday.
Murder convict fails to release $11.4m freeze
A convict serving a 50-year sentence for murder has failed in a bid to overturn an Order that froze up to $11.4m of his assets held by Bahamian financial institutions.
‘Out on a limb’ over strong boating 2022
The Bahamas is on course to enjoy “one of its best years for yachting and boating in a very long time” in 2022, the Association of Bahamas Marinas (ABM) vice-president predicted yesterday.
‘Can’t account’ for all BAMSI set-up spend
The Christie administration’s investment in the Bahamas Agricultural and Marine Science Institute (BAMSI) could not be fully accounted for but may have hit $80m, an ex-minister affirmed yesterday.
Gov’t ‘reaching ceiling’ on debt
The Government may be reaching its debt limits given that such liabilities are now bigger than the economy, the Debt Advisory Committee’s head warned yesterday.
