IMF calls for property tax rate increase
The IMF last night called on the government to raise real property tax rates while again forecasting that it will miss its 2018-2019 deficit target by a sum equal to 0.5 percent of GDP. The International Monetary Fund (IMF), in its full Article IV r
Minister hails BMA's quality ranking move
The Bahamas Maritime Authority (BMA) has moved up six spots to second place on an international ranking that measures the quality of a country’s shipping registry. Renward Wells, pictured , minister of transport and local government, hailed the BMA’
Nassau hotels hit 34% room revenue increase
New Providence hotels saw average room rates for the four months to end-April hit the $300 mark as Easter added further fuel to the year-to-date 34 percent increase in room revenue. The Central Bank’s report on monthly economic developments for May
Tourism teams with pageant organisers
The Ministry of Tourism yesterday said it has teamed with a fitness pageant organiser to bring 300 contestants to The Bahamas for a four-day competition from August 7-10. In a statement, it described the WBFF Worlds Bahamas pageant as “the super bow
Six-month plant delay hits Pharmachem jobs
A six-month construction delay has forced Pharmachem Technologies to lay-off 23 staff, with possibly more to follow, in what was yesterday described as a “major blow” for Freeport’s economy.
Bahamas’ case for lesser KYC regime still ‘not sufficient’
The Bahamas cannot rely on the Central Bank’s “low risk” finding alone to persuade international regulators it should lower an onerous compliance burden, an ex-attorney general is arguing.
‘Unusual’ claims volume knocks Summit off peak
A Bahamian insurer has blamed “an usually large number of claims” for a non-hurricane year resulting in 2018 profits being slashed almost in half.
Bimini power crisis ‘like visiting the Third World’
A Cabinet minister has admitted that Bimini’s power crisis is “extremely vexing” for the island’s tourism lifeline as furious visitors cancel bookings, leave early and demand refunds.
Swimming pigs come back home
The film based on Exuma’s swimming pigs has arrived back home to screenings in The Bahamas following stops in Fort Lauderdale and at the Cannes International Film Festival.
Intellectual property key as WTO awaits
More than 30 Bahamian entrepreneurs have been equipped with tools to assist their venture’s development by protecting its intellectual property.
BTC apologises for ‘critical fault’
The Bahamas Telecommunications Company (BTC) yesterday apologised after “a critical fault” on its network disrupted fixed-line and mobile voice communications throughout the weekend.
Bran: End blame game over BPL energy crisis
The DNA’s former leader has called for the political blame game over Bahamas Power & Light’s (BPL) generation woes to cease, branding the crisis as an “economic disruptor”.
Govt renews 52-week jobs initiative for year
The government is renewing its 52-week jobs initiative with a pledge to “re-engage” those of the 1,000 participants who received “satisfactory” reports from their employers and ministries.
Bahamas must ‘come to grips’ with FATF realities
THE DNA’s former leader says The Bahamas must “come to grips” with the fact that its efforts to comply with global financial services regulatory demands will “never be enough”.
Govt renews 52-week jobs initiative for year
The government is renewing its 52-week jobs initiative with a pledge to “re-engage” those of the 1,000 participants who received “satisfactory” reports from their employers and ministries.Brensil Rolle, pictured, minister of public service and Nation
