Budget fails to ‘convey’ fiscal crisis’ true depth
A prominent businessman is arguing that the present budget fails to properly detail the extent of the economic and fiscal crisis facing the Bahamian people following the COVID-19/Dorian debt blowout.
Bahamas can’t be ‘burnt’ over 15% corporate taxes
The government yesterday pledged it will not be bullied by this weekend’s 15 percent minimum global corporate tax deal amid warnings that The Bahamas cannot afford to be “burnt” by any knee-jerk response.
Tourism minister ‘anxious for end to quarantines’
A Cabinet minister says he is “anxious to get rid of quarantines and curfews”, adding that this is having an impact on the ability of Bahamian hotels to jumpstart their lucrative group travel business post-COVID.
The US agency shaping all our future
ActivTrades
THE last four decades have been marked by exponential advances in technology, which, to a large extent, consisted of fine-tuning ideas that surfaced in the aftermath of World War II.
Cruise line: We will not overhelm Spanish Wells
Crystal Cruises has sought to reassure Spanish Wells residents that its passengers will not overwhelm the community during their weekly call, while also pledging that its vessel will not harm Egg Island’s environment.
‘Overwhelmingly’ opposed to Crystal Cruises calling
A Spanish Wells council member says the community “overwhelmingly” opposes Crystal Cruises using it as a port of call while blasting both the cruise line and the government for failing to consult residents.
Private sector hire aids Dorian debris oversight
The Disaster Reconstruction Authority (DRA) says it has hired Abaco based J&G Pavers to manage the Green Turtle Cay debris management site.
GB cruise vessel is back in Palm Beach
Bahamas Paradise Cruise Line has brought its Grand Classica vessel back to its Port of Palm Beach home port as it begins to prepare for the July resumption of cruises to Grand Bahama.
PM’s GDP growth targets ‘nothing to write home’ on
The prime minister’s ambitions of achieving a “consistent” five to six percent annual GDP growth rate are “nothing to write home about” when set against COVID-19’s economic devastation, it was argued yesterday.
IDB: Just 54% of COVID loan firms still doing business
The effectiveness of the government’s COVID-19 small business support has been called into question by a report that found just 54 percent of loan recipients have remained operational.
Under 50% of Bahamian firms use social media
Less than 50 percent of Bahamian businesses are using social media to drive sales and promotions, it was revealed yesterday, exposing just how much work the government faces in its digitisation drive.
Hurricane VAT holiday to have ‘net zero’ effect
An ex-Bahamian Contractors Association (BCA) president yesterday said building material price hikes mean the government’s hurricane readiness VAT “holiday” and other tax breaks will just have a “net zero” effect.
Royal Caribbean: No Crown Land lease for $110m project
A senior Royal Caribbean executive has confirmed it has yet to secure a crown land lease for its $110m Paradise Island project as he indicated a willingness to “co-exist” with rival developers in that area.
Cargo port ‘starts to shrink the gap’
Nassau’s sole cargo port yesterday voiced optimism it has “started to shrink the gap” to pre-COVID business volumes with vehicle imports making up 20 percentage points during May alone.
Royal Caribbean to triple Bahamas arrivals to 6m
Royal Caribbean is aiming to triple its Bahamas arrivals to 6m by 2030, a senior executive disclosed yesterday, adding that this nation must seize its opportunity to become a “permanent” home port base.
