Austerity measures inevitable whoever wins next election
A former finance minister yesterday argued that the next government will have no choice but to impose austerity measures as the prime minister branded tax increase claims “a flat out lie”.
GB Chamber chief eyes Customs ‘compromise’
Grand Bahama’s Chamber of Commerce president yesterday voiced optimism that “a compromise” can be reached via the partial implementation of Customs’ Click2Clear system prior to the September 1 target.
Auto dealers take ‘blows all around’
The Bahamas Motor Dealers Association’s (BMDA) president yesterday said the industry is taking “hits all around” with his own new vehicle inventories now just 25 percent of pre-pandemic levels.
Minister unaware of CCA’s reported Pointe, Hilton sale
A Cabinet minister yesterday said he was unaware that China Construction America (CCA) had any plans to sell its $200m Pointe project and the adjacent British Colonial Hilton.
A matter of life and debt
In the third of a four-part series, Hubert Edwards warns that in the absence of greater growth The Bahamas will be borrowing for some time to come . . .
‘Nowhere to go’ on climate woe
A leading environmentalist yesterday urged The Bahamas to confront the impact of climate change head on, adding that it needs to address the potential impact “sooner rather than later”.
Property tax amnesty gains ‘north of $27m’
The Government has reeled in “north of $27m” via its ongoing real property tax amnesty, a top official has revealed, with calls from additional delinquents for more time prompting a three-month extension.
Customs ‘will operate within the law’ on GB
The Ministry of Finance’s top official has pledged that Customs will make whatever adjustments are necessary to ensure its Click2Clear system “operates within the law” in Freeport and wider Grand Bahama.
AML’s Charles Saunders plan ready by early 2022
AML Foods will have “mapped out” plans to develop a new shopping centre off Charles Saunders Highway, anchored by its Solomon’s “neighbourhood” food store concept, by early 2022 at the latest.
Tourism chief ‘praying’ for vaccination uptick
THE Bahamas Hotel and Tourism Association’s (BHTA) president yesterday said he is “praying” more persons become vaccinated at the next available opportunity as it is the “only way to combat COVID spikes”.
Radio owners challenge broadcast ‘dumb down’
RADIO station owners are challenging the decision by regulators to seek two more FM broadcasters given that the market is already saturated with players “dumbing down” content and struggling to survive.
GB ‘back to 18th century’ over Customs meltdown
GRAND Bahama’s private sector is lamenting that it has been “sent back to the 18th century” through having to clear all imports manually for the next month-and-a-half.
Used cars sales driving rise in inflation
ActivTrades
On July 13, the United States Bureau of Labour Statistics (BLS) released the latest batch of consumer price data, revealing a jump in inflation of 5.4 percent in June, compared with the same period of 2020.
Developer’s fears on home construction ‘horror stories’
Construction materials shortages and COVID-19 will combine to create “horror stories” for Bahamians in the process of building their own homes, a prominent developer predicted yesterday.
