Union seeking answers as CIBC sale collapses
A trade union leader is today hoping to today discover whether CIBC’s efforts to exit majority FirstCaribbean ownership have hit “the end of the road” following the collapse of a $797m deal.
Arrears hit $600m as 40% of property tax bills don’t reach
Up to 40 percent of real property tax bills never reach the intended taxpayer, the Auditor General’s Office revealed yesterday, as unpaid arrears breached the $600m mark.
Tax break scrutiny urged as Albany’s exemption $23m
The high-end Albany project received more than $23m in tax breaks during the 2017-2018 fiscal year as the government’s financial watchdog called for a “cost benefit analysis” on all such exemptions.
Firms 'understate' $18.7m Business Licence turnover
Six companies reported "significantly understated turnover" worth a collective $18.674m on their business licence renewals during the 2017-2018 fiscal year, it was revealed yesterday.
Gov't pushes on PPP financing for airports
The Government has "shifted" to a public-private partnership (PPP) model to finance "hundreds of millions of dollars in investments" for Family Island airports, a Cabinet minister said yesterday.
Restaurants back plan for ‘capacity certificate
Restaurant operators yesterday backed calls for the creation of a formal "Capacity Certificate” mechanism that would allow the sector to resume indoor dining at 50 percent occupancy.
Gov't eyes 'self-sustaining aviation regulation regime
The Government yesterday moved to reform "outdated" aviation regulation by separating air navigation services from the Civil Aviation Authority and paving the way to charge overflight fees.
ART OF GRAPHIX: The graphic benefits from a design career
A graphic designer is a professional responsible for designing contents for products and various activities related to print, advertising, website, magazines, brand identity and games. This role calls for understanding a client’s needs before making a design decision. There are many benefits involved with being a graphic designer, both job and lifestyle-related. A good salary is not the only thing that matters.
Entrepreneur fears investment ‘at risk’ over $700k losses
A downtown Nassau nightclub and restaurant entrepreneur yesterday voiced fears his latest investment is “at risk” after losing more than $700,000 due to COVID-19 restrictions.
Insurer challenge to IMF’s proposal
A top insurer yesterday challenged how The Bahamas could enforce the IMF’s “mandatory property insurance” proposal when it is currently failing to do this with existing laws.
$2m PI entrepreneur takes govt to court
The entrepreneur behind the proposed $2m restoration of Paradise Island’s lighthouse has initiated legal action against the government for failing to give effect to his crown land lease.
Insurers hope policy lapse increase is ‘bottoming out’
Bahamian life and health insurers are hoping the “noticeable increase” in policy lapses inflicted by the COVID-19 pandemic “bottomed out” in 2020’s final quarter, it was revealed yesterday.
NHI: We’ll protect 90% of Bahamians by 2025
The National Health Insurance (NHI) scheme is targeting a rapid expansion that aims to provide “more than 90 percent” of Bahamians with its basic primary care coverage by 2025.
GB Chamber chief's airport deal hopes
Grand Bahama's Chamber of Commerce president says he expects the Government’s purchase of Grand Bahama International Airport could be announced by the month's end.
Minister: Difficult to put limits on social welfare
A Cabinet minister yesterday said it was difficult to place timelines and limits on the Government's COVID-19 social assistance initiatives given the continued uncertainty created by the pandemic.
