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IMF: 12% VAT rate ‘lowest in Caribbean’

The Bahamas’ soon-to-be-repealed 12 percent VAT rate was branded “the lowest in the Caribbean” by the International Monetary Fund (IMF) in its much-debated report to the Government.

‘Rid yourselves of negative thoughts’ on $200m project

Bahamians were yesterday urged to “rid themselves of any negative thoughts” as to whether the latest $200m effort to revive the Cotton Bay Club is for real.

$200m plan to bring Cotton Bay to life

COTTON Bay Holdings Limited will partner with the Ritz Carlton Reserve brand in a $200m project in South Eleuthera that will employ 300 people during construction and 200 people during operation, according to officials.

Ayton scores 14 in win: Suns 1st team to 20 victories

PHOENIX (AP) — Chris Paul had 21 points and 10 assists, Jae Crowder added a season-high 19 points and the Phoenix Suns held off the San Antonio Spurs for a 108- 104 win last night.

Out Island resorts 10% above Christmas 2019

Family Island resorts are “expecting” business for the November-December period to be 10 percent above 2019 levels, an industry executive saying: “The needle is moving in the right direction.”

Twenty new COVID deaths confirmed

COVID-19 deaths have surpassed 700, with 20 additional deaths reported by health officials over the weekend. The country now has 705 confirmed virus-related deaths.

Retailer’s $10m spend creates up to 70 job

A Bahamian retailer yesterday said its $10m eastern New Providence investment, which has created 60-70 jobs, attracted more consumer traffic than expected during Saturday’s opening.

Bahamas Bowl

MIDDLE Tennessee (6-6, Conference USA), vs. Toledo (7-5, Mid-American Conference), December 17, noon ET

Thompson: Economic performance improved from July to September

EAST Grand Bahama MP Kwasi Thompson is adamant that the former Minnis administration’s policies were working, pointing to increased revenues between July to September.

GB reefs decimated by disease

NINETY percent of coral reefs off Grand Bahama have been devastated by the lethal stony coral tissue loss disease – SCTLD – which threatens to ravage much of The Bahamas’ corals, affecting livelihoods and making the country less safe from storms.

FRONT PORCH: What’s the actual plan for vaccine booster shots?

A FRIEND recalls a recent exchange with an employee of a utility company who came to read a meter at his home. Asked by the friend if he was vaccinated, the utility worker replied: “No, I don’t believe in that stuff.”

Private companies to take on govt workers

MORE than 40 people who were being paid by the government but could not be placed because of a lack of vacancies in the public sector will be engaged by private companies.

Six more confirmed deaths from COVID

THE COVID-19 death toll has risen by six after several unclassified deaths were added to this category on Tuesday.

Central Bank hit by staff sickout

A NUMBER of Central Bank workers called in sick yesterday to protest unresolved grievances with management.

Environment legislation

Thank you for giving me space to express my concerns about a situation that is unfolding that is deeply disturbing. I have heard numerous rumours since the new administration has taken over that the 2019 Environmental Planning and Protection Act and the 2020 Biological Resources and Traditional Knowledge Protection and Sustainable Use Act will be repealed.

Banks report ‘fourfold’ fraud attempt growth

The Bahamas can stand “shoulder to shoulder” with any country on the strength of its anti-financial crime regime, the Central Bank’s governor said yesterday, as banks reported a “fourfold” rise in fraud attempts.

Governor pledges to tackle private sector’s ‘pain spot’

The Central Bank’s governor yesterday pledged to tackle the “pain spot” suffered by many Bahamian companies over the difficulties encountered in opening bank accounts.

VITAL VACCINES MAY BE UNUSED: End of month deadline looms for 20,000 J&J doses public don’t want

TWENTY thousand doses of the Johnson & Johnson vaccine will expire by the end of the year, forcing the government “to do all in its power” to encourage uptake of the jab including offering incentives, according to Health and Wellness Minister Dr Michael Darville.

Credit union ‘over grading’ migrates to medium risks

Credit unions’ “over-grading” of the financial crime threat posed by customers has gone too far in the opposite direction with the percentage classified as “medium risks” near tripling in 2020.

Bahamas hitting ‘bull’s eye on HIV/AIDS global targets’

HIV/AIDS Foundation hosts candlelight vigil on December 1

TOMORROW the world re-commits to the fight against HIV/AIDS.

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HIV/AIDS Foundation hosts candlelight vigil on December 1

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