$300M ALBANY EXPANSION GIVEN PLANNING GO-AHEAD
THE Town Planning Committee’s chairman yesterday said it has approved a $300m New Providence project that aims to create some 500 new jobs.
Abaco 'not up to speed' by time tax breaks end
Abaco’s Chamber of Commerce president yesterday warned the island “won’t be back up to speed for June 30" when the reconstruction tax breaks expire due to the need to “get past COVID-19".
‘Don’t talk, act’ call on marijuana pledge
The former Democratic National Alliance (DNA) leader is urging the government to “not just talk but act” on its proposed medical marijuana legislation, adding: “It’s better late than never.”
Property tax complaints system branded ‘flawed’
A leading real realtor has branded the real property tax appeals system as “flawed” because complainants first have to pay the sum they are disputing for the process to launch.
KFC’s 35 lay-offs reveal economic ‘chains’ breaking
The hotel union’s president says KFC’s decision to lay-off 35 workers exposes how “the chains” that bind the Bahamian economy together have either been weakened or broken by COVID-19.
Accountants brace for surge in insolvencies
Bahamian accountants are bracing for “an uptick” in corporate insolvency work during the 2021 second half with companies already moving to restructure as hopes for a quick economic rebound fade.
All aboard for the market manipulation game
ActivTrades
First GameStop then silver shortly after, hit the front pages of the business press across the globe in the last couple of weeks.
Gov't grants $116m in Dorian tax breaks
The Prime Minister says the Special Economic Recovery Zones (SERZs) have provided more than $105m in VAT, Customs duty and Excise tax breaks to aid Hurricane Dorian reconstruction.
Chamber director disagrees over severance payout call
A Chamber of Commerce director says he disagrees with the director of labour's call for some employers to pay furloughed workers full severance packages over fears they will not find new jobs.
Gov't urged: Tackle GB airport's costs if you buy
A prominent Freeport hotelier is warning the Government that it must tackle Grand Bahama International Airport's (GBIA) high costs if its prospective purchase is to "grow the destination".
Advocate criticises 'ant like' pace on marijuana
A marijuana advocate has voiced concerns the Government is moving too slowly to legalise the sector and develop industrial hemp, comparing its speed to "an ant trying to nip at a piece of bread".
Taxi union targeting Wednesday protest
The Bahamas Taxi Cab Union is planning a Wednesday protest outside Parliament against the Road Traffic Department's efforts to "confiscate" 40 plates belonging to retired drivers.
Healthcare ‘disaster’ if no expanded NHI
The Bahamas will face a healthcare “disaster” if National Health Insurance (NHI) does not fulfill its potential, an ex-health minister has warned, urging: “We must get past this ‘deep state’ debate.”
Property tax woe ‘a colossal mess’
Leading realtors yesterday branded the real property tax system “a colossal mess” that needs to be outsourced to the private sector after it was revealed that up to 40 percent of bills go astray.
Aliv gains network ‘ownership’ through $24m loan payback
Aliv has gained “ownership” of its mobile network equipment by paying off a $24m loan with the proceeds from long-term debt advanced by its controlling shareholder, its top executive has revealed.
