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PM: 40% of VAT money to deficit

Prime Minister Perry Christie yesterday said 40 per cent of the $1.14 billion Value-Added Tax (VAT) revenues has gone towards reducing the deficit, as he gave an accounting designed to end the “grave and nonsensical misconceptions that revenues were being squandered”.

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Contractors chief to bring members 'up to scratch'

THE Bahamian Contractors Association (BCA) yesterday said it was pushing for internationally-recognised certification for small/medium-sized firms, which make up 80-90 per cent of the industry.

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PETER YOUNG: From the summit of success to now being shown the door - it’s all over for Boris

“ALL political careers end in failure”. Those were the memorable words of Enoch Powell, who was a leading right-wing Tory, and some say a contrarian and a maverick politician, of the 1960s and beyond. It is a fair bet that some of the older generation in Britain will have recalled this famous dictum when watching Prime Minister Boris Johnson’s resignation statement outside No 10 Downing Street last Thursday as he stood down from what he called “the best job in the world”.

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Tum Tum back on the court after a month out

Exactly a month after he was sidelined due to injury, Lourawls, “Tum Tum” Nairn Jr made his return to the court for the No 8 ranked Michigan State Spartans.

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How to sweat less over AC

We find ourselves in the same situation every year. Winter is nearly here, but it still feels like 90 degrees outside.

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Caribs cut Giants down to size

REUBEN Goodman and Alvano Laing canned a basket and a pair of free throws in the final minute as the College of the Bahamas Caribs men’s basketball team pulled off their biggest victory of the season as they pack their bags to head off for their first international trip this year.

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‘WE’RE GETTING THE JOB DONE’: Attorney General hails conviction rate of almost 90 percent

THE conviction rate for serious offences has increased to almost 90 percent despite the challenges brought on by the global pandemic, Attorney General Carl Bethel said yesterday.

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PM slams predecessor on $99m BTC deficit

Prime Minister Perry Christie has again slammed the former Ingraham administration for failing to provide the $39 million needed to cover the Bahamas Telecommunication Company’s (BTC) original pension fund deficit, arguing that this had caused the shortfall to balloon to $99 million.

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War of words over court appointment

PROGRESSIVE Liberal Party leader Philip “Brave” Davis says he opposes the recent appointment of Supreme Court Justice Carolita Bethel to the Court of Appeal. His statement yesterday drew rebuke from Attorney General Carl Bethel who accused him of launching a “highly politicised attack aimed at the constitution itself and the learned justice of appeal personally”.

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Bahamians warned to prepare for scorching heat this week

BAHAMIANS can expect scorching temperatures from Wednesday through the weekend with the heat index expected to reach 104 degrees Fahrenheit, Senior Meteorological Officer at the Department of Meteorology Orson Nixon warned on Tuesday.

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Talk,Test,Treat!

THE Ministry of Health held its first Annual STI Awareness Symposium under the theme “Talk, Test, Treat”.

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Jones gets set for professional debut

JONQUEL Jones enjoyed a surreal moment when she was matched against Elana Delle Donne, of the Chicago Sky, during the Women’s National Basketball Association’s (WNBA) pre-season fixtures. Now reality will set in as she suits up for the Connecticut Sun in their 2016 regular season opener on Saturday night.

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Seven-fold jump in Benchmark’s debt to clients no alarm

A BISX-listed firm has reassured investors that the seven-fold increase in monies owed to clients at year-end 2021 is no cause for alarm since it stems from $150m in securities trading activity.

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THE KDK REPORT: A wrinkle or two

THROUGHOUT the course of history, we’ve all inherently benefited from the immeasurable sacrifices of our forefathers. Men and women who, through their contributions to the betterment of mankind, have made our lives infinitely easier.

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Petroleum retailers fear ‘another nail in the coffin’

Bahamian petroleum retailers yesterday voiced fears that full Business Licence audits will be “just another nail in the coffin” as they push to meet with the Prime Minister over demands for a margin increase.

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Reginald ‘Reggie’ Forbes retires from SAC

ONE of the longest tenures in high school sports came to an end as Reginald ‘Reggie’ Forbes retired from St Augustine’s College last week.

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‘All hands on deck’ as visa site overwhelmed

A Cabinet minister yesterday revealed it is “all hands on deck” to prevent “a surge” in visitor demand from “overwhelming” the Bahamas’ health travel visa website and deterring potential tourists.

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Correspondent ‘de-risk’ affects Bahamas banks ‘more than we thought’

The effects of correspondent bank ‘de-risking’ on the Bahamian financial services industry are “more extensive than first assessed”, the Central Bank has conceded, with 57 per cent of impacted institutions unable to find replacement relationships.

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Inaugural 'Hooping by the Park' Tournament also about giving back

THE inaugural Hooping by the Park Basketball Tournament was not just about playing the game, but it was also about giving back to those persons who would have made a contribution to the growth and development of the sport over the years.Accomplished