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Fishermen suffer 45% drop in crawfish price
BAHAMIAN fishermen suffered a 45 percent price drop during the now-closed crawfish season, it was disclosed yesterday, although strong catch volumes offset some of the fall caused by market “overcorrection” and higher global supply.
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Union chief to Atlantis: ‘Put own placards on’
THE hotel union’s president yesterday urged Atlantis executives to “go put their own placards on” as he asserted that workers will not fight the mega resort’s battle with Royal Caribbean for it.
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IHOP: ‘This is the Caribbean launch, not just The Bahamas’
IHOP’s local franchisee says he will decide on two further New Providence locations “pretty shortly”, adding: “This is the launch of the Caribbean, not just the launch of The Bahamas.”
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‘Remarkable’ non-profits need improved structure
Bahamian non-profit groups are performing a “remarkable” service to local families and communities despite being under-resourced and suffering a 20 percent cut in government funding through COVID, it was argued yesterday.
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Atlantis defers on Royal Caribbean’s PI answers
Atlantis has decided to wait for Royal Caribbean to supply answers to its 50 questions over the latter’s proposed Paradise Island project because they were not totally “buttoned up” at the two sides’ most recent meeting.
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Cable’s pay-TV status ‘screaming for removal’
Cable Bahamas is arguing its ‘significant market power’ designation in the pay-TV market is “screaming for removal” with competition from streaming services having caused an 11 percent plunge in subscriber numbers in 2021.
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Atlantis braces for $17m electricity costs increase
Atlantis yesterday revealed it is bracing for a $17m year-over-year hike in electricity costs despite “still setting revenue records” through 2023’s winter tourism season and into the upcoming peak Easter weekend.
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Child abuse cases up near 50 percent
NEARLY 200 child abuse cases were reported between January and March 2023 in New Providence, a near 50 per cent increase over the same period in 2022.
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‘Hundreds of millions of tax dollars’ owed to govt
THE government’s top finance official says “hundreds of millions of dollars” is owed in VAT and other tax arrears — an estimate that does not even include the $800m owed in real property taxes.
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‘Grammy’ Wallace-Whitfield: Go for Gold
BAHAMIAN Olympian Pauline Davis and CARIFTA volunteer as well as long-time track and field supporter Beverly “Grammy” Wallace-Whitfield offered strong words of wisdom and encouragement to Team Bahamas.
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‘Hundreds of millions’ in tax arrears remain
The Ministry of Finance’s top official yesterday said “hundreds of millions” in tax arrears remain outstanding even though VAT revenues are 7 percent ahead of projections for the first nine months of the 2022-2023 fiscal year.
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Business Licences: 99% were approved ‘in time’
The Ministry of Finance’s top official yesterday said 99 percent of Business Licence renewal applications were approved “in time” with those outstanding needing to “clarify” questions surrounding their reported turnover.
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PETER YOUNG: King Charles rebuilding bridges
A STATE visit is a potent symbol. It confirms at the highest level the quality of relations between two countries by demonstrating the strength of their diplomatic, economic and cultural ties. It is a powerful indicator of the overall bilateral relationship.
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Gas retailers: ‘Never been so desperate’ due to OPEC slash
Bahamian petroleum retailers yesterday said “it’s never been so desperate” with a surprise production cut by the major oil producing countries making their need for a margin increase even more urgent.
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Cable: URCA’s 23% budget rise ‘assault on our finances’
Cable Bahamas has blasted the 23 percent hike in the Utilities Regulation and Competition Authority’s (URCA) 2023 budget as “an assault on the finances” of itself and other communications operators who will pay for it.
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Growth to ‘moderate’ as COVID revival near end
The Central Bank yesterday reaffirmed that The Bahamas’ economic growth rate will “moderate as the recovery from COVID-19 becomes more complete” with February’s air visitor arrivals just 2.5 percent off pre-pandemic pace.
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More ‘operations’ planned for tax dodger crackdown
The authorities are planning “several operations” throughout The Bahamas targeting other suspected tax delinquents, the Ministry of Finance’s top official revealed last night, while their Harbour Island sweep is still not finished.
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Random bag searches may be added to primary schools
RANDOM bag searches may be introduced in primary schools throughout New Providence to bolster security, Acting Director of Education Dominique McCartney-Russell said yesterday.
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Shanty town demolition ‘unlawful’ says KC Smith
THE possible demolition of shanty town homes by the government is “unlawful”, a Supreme Court Chief Justice was told yesterday by the legal team representing residents.
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CARIFTA swimming team off to Curacao
Bahamas going for 5th straight title
With their bags already packed, the 39-member team is ready to head to Pirate Bay, Curacao tonight to go for their fifth straight CARIFTA Swimming Championship title this weekend.
