Vaccination stipulations may hit wedding revival
Bahamian wedding professionals yesterday argued that the COVID-19 vaccination drive will not necessarily succeed in opening up their industry as “the world is 50/50” on becoming inoculated.
Playing ‘catch up’ on $200m clinic needs
The Bahamas will always be “playing catch up” with public health infrastructure needs that could amount to $200m just to upgrade community clinics, a former Cabinet minister has revealed.
Businesses face fire amid COVID vaccine ‘games’
The director of labour yesterday accused the Opposition of “playing political games” over COVID-19 vaccinations as businesses come under increasing fire for encouraging staff to become inoculated.
BREA chief: Do ‘admirable thing’ for existing deals
The Bahamas Real Estate Association’s (BREA) president says it will be “the admirable thing to do” for the government to “honour” current VAT rates on high-end deals agreed before the budget’s unveiling.
Cruise returnees cause airport rush
The Bahamas must “go back to the drawing board” on the departure experience for Royal Caribbean’s home porting passengers after many were forced to wait two hours or longer to check-in with Bahamasair.
Bahamas and all IFCs to feel tax compliance pinch
An attorney writes that this nation is being pushed to implement a 'low tax' regime
The past decade has witnesses an historically significant increase in international tax compliance measures.
IDB guarantee sought for $700m borrowing
The government is seeking a $200m guarantee from the Inter-American Development Bank (IDB) to underwrite the bulk of its foreign currency borrowing in the 2021-2022 fiscal year, it was confirmed yesterday.
BTC: 7,000 homes on fibre by 2021 end
The Bahamas Telecommunications Company’s (BTC) chief executive says 7,000 homes will be added to its new fibre technology network by the end of 2021.
Govt touts 14,000 new SMEs created
The government yesterday sought to show its small and medium-sized enterprise (SME) focus is delivering results by reiterating that almost 14,000 such businesses have been formed since the 2017 general election.
The return of oil
ActivTrades
BARELY 14 months ago, oil traders were paying almost $40 to anyone willing to accept delivery of a barrel of crude by the end of May 2020. Such had been the pandemic’s impact in the demand for the black gold, that storage reached full capacity and those who, acting as middlemen, had secured large quantities of oil, were unable not just to resell it but even to keep it stored at a suitable location.
Bahamas must replace vital infrastructure ‘every 20 years’
The Bahamas faces having to replace its entire infrastructure every 20 years due to its exposure to more severe and frequent hurricanes, an Inter-American Development Bank (IDB) analysis has asserted.
‘Strong possibility’ 2016 PI protest is repeated
A trade union leader yesterday said there was “a very, very strong possibility” that there will be a repeat of the 2016 protest walk over Paradise Island Bridge unless access to Cabbage Beach is resolved.
PI entrepreneur urges: “Let’s talk it out, PM’
A Bahamian entrepreneur yesterday said he has renewed efforts to negotiate a solution to his Paradise Island crown land lease dispute by requesting a meeting with the prime minister.
‘Ball is in their court’ over Bimini’s airport
A senior government official yesterday said “the ball is in the court” of Bimini’s largest investor to submit a completed $40m offer to transform and take over management of that island’s airport.
Controversy-hit airport: Five ‘unsolicited’ offers
The government was yesterday said to have received “at least five unsolicited” offers from the private sector to redevelop Cat Island’s New Bight airport, which has become the focus of political controversy.
