Food prices: ‘What goes up may not come down’
Super Value’s principal has warned Bahamian shoppers to brace for the possibility that increased food prices may be here to stay, warning: “I don’t believe in what goes up must come down.”
COVID quarantine change: ‘Right direction on all fronts’
The Government’s adjustments to the COVID isolation and quarantine rules have strengthened the “building blocks of travel confidence” for the peak winter tourism season, a top hotelier says.
COVID shutdown for auto dealer’s ‘major generator’
One of an auto dealer’s “two major generators” has likely been forced to close until tomorrow after almost one-third of staff tested positive for COVID-19 amid the latest case surge.
Cabinet yet to decide on jobless benefit extension
Cabinet will likely decide today whether to further extend the Government-funded COVID-19 unemployment benefit that was due to expire at end-December 2021.
Bahamas sees $715m gain if ‘infrastructure gap’ closed
The Bahamas stands to gain a $715m boost if it invests just $31m to close the “digital infrastructure gap” between itself and the world’s leading economies, a multilateral lender is arguing.
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Gov’t targets property tax tripling to $400m
The Government is aiming to more-than-triple annual real property tax collections to at least $400m as a key component in its ambitions to achieve a 25 percent revenue-to-GDP ratio.
‘Not a single merchant’ avoids COVID staff woe
The Bahamas Federation of Retailers’ co-chair yesterday said “there’s not a single merchant I’ve spoken to” who has escaped COVID staffing shortages as she branded Christmas “hit or miss”.
‘Bitter impasse’: Both sides claim win in Old Fort battle
A “bitter impasse” at one of western New Providence’s most affluent communities has ended with its developer confirmed as owner of the Old Fort Bay Club and the project’s marina.
VAT slash ‘not reckless’ as revenues up $160m
The Ministry of Finance’s top official yesterday said the VAT rate cut “is not a reckless, populist act” as he revealed the Government has outperformed first half revenue targets by $160m.
Opposition challenges contract award silence
The Opposition’s leader last night challenged assertions by a senior official that the Government cannot meet legal requirements to publish contract awards because a key post has not been filled.
Tourism in ‘huge win’ on COVID test ease
Bahamian tourism was yesterday said to have secured “a huge win” after millions of dollars in visitor bookings were rescued by the Government suspending tougher COVID testing measures.
Tourism urges Gov’t to cut 14-day quarantine
Bahamian tourism operators are urging the Government to reduce the 14-day COVID quarantine period, and bring it into line with US and UK measures, to give a further peak season boost.
Super Value’s solar roll-out eyes 60% energy bill slash
Super Value’s principal yesterday revealed the supermarket chain is aiming to slash its energy bill by “60 percent or better” through installing solar power at all its stores by summer 2022.
Realtor unveils his rent-to-own crowdfund plan
A Bahamian realtor yesterday predicted his crowdfunding-driven rent-to-own initiative could build a $10m property portfolio within two years, adding: “The sky’s the limit.”
