Bahamas island owner accused of $40m fraud
The owner of a private island in the Abacos has been accused of masterminding a $40m fraud that has also ensnared a Bahamas-based financial services provider in the fall-out.
Breaking Post Office lease just too costly
A Cabinet minister yesterday ruled out moving the Post Office to a new location before 2024 because breaking the existing Town Centre Mall lease will be too costly.
Ex-Central Bank guard’s win on insurance ‘malady’
An ex-Central Bank security guard has won $18,529 for wrongful dismissal after he was terminated for allegedly perpetrating an insurance fraud.
‘Not every liability must be disclosed’
A former Cabinet minister yesterday hit back at the Prime Minister’s assertion of a “$1bn” fiscal omission by the Minnis administration, saying: “Not every liability must be disclosed.”
IAN FERGUSON: Positive steps to a healthy workplace
A focus on employee health and wellness has become critical for many companies. Designing and managing employee wellness programmes, and developing strategies for helping workers achieve their health goals, is an important step in improving the health and productivity of employees.
Jet skis return November 15
A Cabinet minister yesterday told jet ski and watercraft operators they can return to work on November 15 provided they complete their licence applications and participate in industry training.
Heritage tourism eyed for Government House
A Cabinet minister has disclosed that talks are underway over how Government House can become a heritage tourism site and recover the $20m invested in its restoration.
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”.
