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Builder defends $20m contract

GOVERNMENT-hired builder Rev Lloyd Smith has defended his construction firm Holiday Industrial Builders International (HIBI) insisting that during the arbitration process, which followed a “politically motivated” contract termination, he pocketed nearly $10 million as there was no evidence that his work did not meet coding standards.

Alden Lewelyn Ritchie

Memorial Service for Alden Lewelyn Ritchie age 99 of Talbot Street and formerly of Deadman’s Cay, Long Island who died on March 1, 2019 will be held on Tuesday March 19, 2019 at 10:00 a.m. at St. George’s Anglican Church, …

NEW MOODY’S DOWNGRADE: Action taken over financing access fears

The Bahamas was last night urged to "move more urgently to rev the engine" after Moody's again downgraded the country's sovereign creditworthiness over fears its access to borrowing is being squeezed.

Bail revoked in $40m fraud case

A Bahamian private island owner, who has been accused of masterminding a $40m fraud, has had his bail revoked over fears he may flee to this nation and has engaged in human smuggling.

No VAT prosecutions, as quarterly filers hit over 80% compliance

The Government has yet to bring any prosecutions against delinquent Value-Added Tax (VAT) payers, while confirming last night that more than 80 per cent of quarterly filers had met the April 28 deadline for their first returns.

Start-up success still the exception, not the rule

STARTING out is tough in many different ways. I still remember my first days at high school, and my first week at work. I was nervous the day I decided to propose to my wife. Is natural conservatism the reason for this reticence, I wonder, or could there be more to it. Is nature trying to tell us something?

Jonquel Jones has double double, Foxes 11-0 in Euro League

JONQUEL Jones and her UMMC Ekaterinburg Foxes returned to FIBA Women’s EuroLeague play for the first time in nearly a month and remained just as dominant as the last time they took the floor.

PM: ‘No concerns’ that businesses won’t cope

PRIME Minister Phillip “Brave” Davis said yesterday he had no concerns about small business longevity in the face of an impending light bill increase and now a newly announced higher minimum wage of $260 a week. Mr Davis said it was a step in the right direction.

Team Bahamas: ‘We are all safe’

By now the Bahamas’ nine-member team should have returned home from the World Athletics’ Under-20 Championships in Nairobi, Kenya, but they had to take a slight detour in Johannesburg, South Africa.

Great success for Bahamians in college tennis

JOSHUA Turnquest, a graduate student at Indiana Wesleyan University, stepped on court with his doubles partner Jeremias Rocco at the Intercollegiate Tennis Association (ITA) Doubles Championship.

Tourism ‘90% unaffected’ by COVID-19 tightening

Tourism industry executives yesterday voiced optimism that the industry’s recovery will not be impacted by the government’s tightening of COVID restrictions, with one asserting it will be “90 percent unaffected”.

‘Far too premature’ for PM to claim VAT success

A well-known businessman yesterday said it was “far too premature” for the Prime Minister to boast about Value-Added Tax (VAT) being successful, accusing him of “gloating” over the hundreds of millions of dollars the tax will suck out of the Bahamian economy.

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