Supplier 'crossed line' on Eleuthera water shutdown
A Cabinet minister yesterday blasted a water plant operator for "endangering the lives of Bahamians" by cutting off supply to central Eleuthera residents due to a dispute with the Water & Sewerage Corporation.
Minister: Tourists won't visit Nassau under lockdown
The Competent Authority will have to "give significant thought" as to whether the tourism industry can re-open on November 1 amid the current COVID-19 restrictions, a Cabinet minister said yesterday.
Cursed - or is just the way things are?
ActivTrades
POPULAR wisdom often refers to an old Chinese curse: May you live through interesting times. The point being that the humdrum of a quiet and stable life is preferable to the excitement and uncertainty of the unforeseeable.
Bahamians told: Cyber crime 'not if, but when'
Bahamian companies and individuals have been urged to adopt the “not if, but when" approach to combating hacking and other cyber crimes by a senior Central Bank information technology (IT) official.
Principle more important than revenue on Facebook ad VAT
A top Ministry of Finance official says the principle behind Facebook levying VAT on Bahamas-linked advertisements is more important than any revenue that will be earned by the Government.
'Perfect time' to clean up downtown eyesores
The Downtown Nassau Partnership's (DNP) co-chair says "this is the perfect time" to clean-up Bay Street, with owners of dilapidated and abandoned buildings put on notice they are running out of time.
Lyford Cay wages equal $3k to all Nassau families
Lyford Cay's annual wage bill generates the equivalent of $2,858 for every New Providence household as part of a total $453m economic impact, a government-appointed committee has revealed.
Realtor chief 'annoyed' over tax hike proposals
The Bahamas Real Estate Association's (BREA) president yesterday admitted she was "a little annoyed" that proposals have been made to increase taxes related to the sector without its input.
'Curb-side killing construction': 40% productivity decline
An ex-Bahamian Contractors Association (BCA) president yesterday said the sector had suffered a 30-40 percent productivity fall due to COVID-19 restrictions, adding: "Curb-side is killing construction."
Bahamas to eliminate abuse by tax dodgers
The Bahamas will eliminate all opportunities for tax dodgers to abuse its financial system by year-end 2020 with the launch of its Tax Residency Certificate (TRC), a Cabinet minister said yesterday.
Recovery strategy exposes 'lost years'
The Economic Recovery Committee's (ERC) report is an admission The Bahamas has "wasted three to four years" that may have given it a head-start on COVID-19 recovery, a top banker said yesterday.
Bahamas faces 'now or fail' predicament
The Economic Recovery Committee's (ERC) co-chair yesterday said none of its proposals will cure The Bahamas' ills by themselves, amid warnings that the country must "reform now or fail".
Gov't urged to 'double' $50m SME funding
The Government was yesterday urged to double the $250m it plans to invest in small businesses over the next five years by removing restrictions on foreign participation in these entities.
DPM: Bond attacks 'pie in sky thinking'
The deputy prime minister yesterday slammed arguments that The Bahamas' $600m bond issue was over-priced as "pie in the sky thinking" while revealing $133m in debt repayments have been delayed.
Recovery Committee: 'No sound ideas' for Freeport
The Economic Recovery Committee's report was yesterday blasted by a Freeport-based attorney for failing to propose a single idea for boosting Grand Bahama's economic growth.
