Private sector ‘critical’ to Internet governance
IT is “critical” for the private sector to be involved in discussions on internet governance, the Utilities Regulation and Competition Authority’s (URCA) chief executive said yesterday.
Central Bank hails ‘buoyant’ tourism
The Central Bank yesterday described tourism’s performance as “buoyant” through April 2019, with “off-resort room nights” in the vacation rental sector up 31.7 percent that month.
Privatisation target in just 2% annual growth
The government’s latest privatisation target is forecasting annual revenue growth of just two percent over the next decade, with the selection of a preferred bidder targeted for end-July 2019.
‘Discretion’ in name switch tax dodgers clamp down
The government has introduced “discretion” into the crack down on corporate tax cheats who seek to evade their liabilities by reincorporating under a different vehicle or name.
‘Bring your A game’ for one-runway LPIA
A Cabinet minister yesterday said all stakeholders “must be on our ‘A’ game” to cope with Lynden Pindling International Airport’s (LPIA) imminent reduction to a single runway.
Vacation rentals tax ‘solves 25% of issue’
AN Out Island boutique resort operator says the government’s vacation rentals tax plan “only solves 25 percent of the real problem” and is “not the way to go”.
Public health deficit slashed to $18m-$25m
The public health sector’s financial deficit has been cut to $18m-$25m, a Cabinet minister said yesterday, with National Health Insurance’s (NHI) expansion “a matter of timing”.
BISX all-share index falls flat
The Bahamas International Securities Exchange’s (BISX) All-Share Index was flat during the 2019 first quarter, under-performing compared to indices in more developed capital markets.
$20m upgrade cuts LPIA to one runway
Lynden Pindling International Airport (LPIA) will operate with a single runway for four to six months due to a near-$20m upgrade that is set to begin on June 17.
PI condo complex almost 70% sold
A high-rise Paradise Island condominium complex has now sold almost 70 percent of its inventory after finding buyers for its two most expensive units - 10th floor penthouses.
Auto duty slashes ‘not the answer’
MAKING conventional gasoline vehicles cheaper is “not the answer” to the government’s environmental sustainability drive, a Bahamian electric car dealer is arguing.
‘Serious money’ need for renewable energy
The Bahamas needs “serious money” to reverse a “less than mediocre” renewable energy performance that has been “trumpted as ‘big strides’”, an industry executive is arguing.
$1.3bn tax giveaway
The government gave up more than $1.3bn in customs duties during the 2015-2016 fiscal year due to the multiple tax breaks afforded investors and corporate entities.
‘Nowhere near out of the fiscal woods’
The Bahamas is “nowhere near out of the woods” with its fiscal woes, the deputy prime minister admitted yesterday, with the government still confronting several “ticking timebombs”.
Wealthy Bahamians greatest tax cheats
“High-end” Bahamians and companies are the biggest tax dodgers, the deputy prime minister revealed yesterday, adding: “Poor people pay their taxes.”
