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INSIGHT: The FNM and its petty games
The Free National Movement (FNM) needs to make up its mind if it wants to be a serious contender for the next general election and stop engaging in petty political games.
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Bahamas leads region for lift per hotel room
The Bahamas has the greatest airlift per available hotel rooms in the Caribbean, an International Monetary Fund (IMF) working paper has found, although flights to this nation from the US have fallen “by almost 50 per cent” since 2000.
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Baha Mar fury at Pointe claim
BAHA Mar’s former President Tom Dunlap has hit out at China Construction America (CCA), accusing the company’s Senior Vice President Daniel Liu of being a part of an organisation that gave little attention to Baha Mar.
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Bahamas ‘in good place’ on automatic exchange
Developing a regime to comply with global automatic tax information exchange standards was yesterday branded “the immediate priority” for the Bahamian financial services industry, a senior executive adding: “We’re in a good place.”
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Gov’t warned over Freeport ‘side deals’
The Government was yesterday warned not to agree any “side deals” with Freeport’s largest investors at the expense of all other businesses, should it ultimately decide not to renew the city’s expiring tax breaks long-term.
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Sponge revival in 17% sales growth
Bahamian spongers will enjoy an average annual sales growth of 17 per cent by the time a three-year project to revitalise the industry concludes, an Inter-American Development Bank (IDB) report has revealed.
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Baha Mar files for bankruptcy
Shock move by $3.5bn resort amid constructions deadlock
BAHA Mar CEO Sarkis Izmirlian announced yesterday that the $3.5bn Cable Beach mega resort has filed for Chapter 11 bankruptcy in a Delaware Court in the United States “in order to complete construction and successfully open”.
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Moss: Why I quit
MARCO City MP Greg Moss yesterday shot down speculation that he is joining the Free National Movement as he insisted on a definite political run in the 2017 general election as an independent candidate.
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Obesity: Our big fat problem – Part II
NOW that we have scratched the surface on how serious obesity is here in the Bahamas, I want to open up the public’s eye to the seriousness of how obesity affects one’s health by attempting to narrow the global scope of the obesity problem and make it more personal.
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‘Shocking’ Gov’t refusal to pay Baha Mar expats $1.8m
Baha Mar yesterday accused the Government of “refusing” to pay its expatriate staff $1.776 million in collective wages that are due today, amid fears this will prompt many upper management executives to quit.
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Nottage vow in face of 25% rise in murders
NATIONAL Security Minister Dr Bernard Nottage broke his silence on crime last night, contending that the government is “up to the challenge” as the nation continues to grapple with startling crime statistics.
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A tribute to Bertram Brown
It was a beautiful summer day in 1986. At the time I was Assistant Secretary General of our party and a member of a delegation to Black Point, Exuma, headed by our then Leader the late Sir Kendal Isaacs.
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BLTA names Fed, Davis Cup teams
WITH the exception of Kerrie Cartwright, the Bahamas Lawn Tennis Association (BLTA) will be fielding a more youthful team for the Fed Cup, while the men’s Davis Cup team will be made up of some familiar names.
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Jonquel Jones holds court for the George Washington Colonials
ALTHOUGH the George Washington Colonials women’s junior female basketball player will be the first to tell you that her team performances are the priority, Jonquel Jones just can’t help racking up the individual awards.
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‘Premature’ to tell if VAT a Ferrari or Lada
Senior private sector executives yesterday warned it was “too premature” to determine whether Value-Added Tax (VAT) will achieve all desired objectives, likening implementation to “driving a used Lada rather than a Ferrari”.
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‘No big improvement’ to $1.3bn bad loans in 2015
The $100 million Bank of the Bahamas ‘bail out’ helped to staunch the industry’s 2014 bad loan bleeding, but “no significant improvement” to this problem is expected in 2015.
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‘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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BEC bills won't show 25% oil price decline
Hard-pressed Bahamian energy consumers will not reap the benefits from a 25 per cent drop in global oil prices because BEC’s fuel supplier has it “by the balls” over its $130 million debt.
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Top ballers making an impact in Europe
EARLY in their respective seasons, some of the country’s top national team members and prominent names in Bahamian basketball are adjusting well to their new surroundings on the European and Middle Eastern circuit.
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Gov’t to ‘clarify’ VAT communications
The Government has agreed to “clarify” Value-Added Tax (VAT) communications previously slammed as misleading by retailers, in a bid to avoid stoking tensions between the two sides and consumers.
