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Lincoln Bain loses appeal over $64k repayment
FIREBRAND political activist Lincoln Bain has had the threat of a 90-day prison sentence eliminated despite losing his appeal against having to repay $64,000 over a failed investment deal.
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Nassau told: ‘Don’t fear’ Freeport’s cruise ports
Nassau has “nothing to be afraid of” from Freeport’s two mega cruise ports, the Minister of Tourism is arguing, while admitting both projects have added “fresh” urgency to the capital’s revival.
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Gov’t ‘took back’ LPG dealer profits
Any profits that liquefied petroleum gas (LPG) dealers made from the fall in global prices has been “taken back” by the Government via increased taxes, Tribune Business was told yesterday
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$300m Baha Mar water park to complete 2021
Baha Mar’s $300m water-based theme park remains in schedule to be completed next year despite the COVID-19 enforced construction suspension, its president revealed yesterday. Graeme Davis, in an e-mailed response to Tribune Business questions, said
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Existing 'ineptitiude' causing VAT concern
A LEADING businessman yesterday said the Government must have a serious plan to collect all revenue due under a Value Added Tax (VAT) system, citing the $400 million-plus owed in outstanding real property tax (RPT) as a “classic example” tax collection ineptitude.
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Briland: Cruise tourism ‘disaster waiting to happen’
More than 99.4 percent of existing and potential Harbour Island visitors have made it “crystal clear cruise tourism is a disaster waiting to happen” for the destination, a hotelier warned yesterday.
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Prove right to shanty homes
LABOUR Minister Dion Foulkes yesterday confirmed the start of the government’s three-part legal notice process for shanty town residents across the country, insisting the July 31 eviction deadline will be adhered to.
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Kai Jones posts double double, season high 21
Continues to dominate for the Swarm in G-League
Kai Jones continues to display his versatility with another dominant performance as he continues his latest G-League assignment with the Greensboro Swarm.
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Freeport airlift problems 'can't hold us over barrel'
A Grand Lucayan board member yesterday called for The Bahamas to create its own airlift for Freeport, adding: “We can’t let anybody hold us over a barrel.”Carey Leonard, pictured, the former Grand Bahama Port Authority (GBPA) in-house attorney, told
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Concerns over oil spill at facility
ENVIRONMENT groups are concerned about the impact an oil spill at Equinor’s facility on Grand Bahama caused by Hurricane Dorian may have on wildlife, ground water and marine protected areas.
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Financial industry hails ‘certainty’ on tax residency
Financial services executives yesterday hailed the government’s plans to codify its tax residency initiative via legislation as providing “certainty and transparency” for both investors and global regulators.
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Oceania: 'Major issues' resolved
Key parties in the battle over the Oceania Heights development yesterday resolved “how to settle the major issues”, the Exuma Chamber of Commerce’s president describing that outcome as “significant”.
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Unions threaten ‘shut down’ over Sandals
The Bahamas’ two leading trade unions bodies joined forces yesterday to warn they will “shut the country down” with a repeat of the 1958 General Strike, unless the Prime Minister meets with them in the next 48 hours to resolve the Sandals situation.
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Subsidies jump despite $31.5m Bahamasair fall
Subsidies to loss-making state-owned enterprises (SOEs) increased by more than $25m during the nine months to end-March 2022 despite an even greater drop in taxpayer support for Bahamasair.
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Blockchain operator blasts ‘unfounded’ $20m lawsuit
A Bahamian blockchain and digital assets firm has slammed a $20m damages claim as “unfounded”, asserting that it was lavished with praise by the party making the allegations less than five months earlier.
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Jitney drivers warn on strike
JITNEY drivers yesterday put Bahamians on notice that they plan to withdraw their services as early as this week Wednesday, telling Tribune Business: “Enough is enough”. Frederick Farrington, president of the Bahamas Unified Bus Drivers Union, told
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Income tax is ‘not on table’
A Cabinet minister yesterday said income tax is “not on the table” although he appeared to leave open the possibility of replacing Business Licence fees with a corporate version.
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'Key' reserves benchmark off target for 10 months
A “key” external reserve benchmark was below its target threshold for the final 10 months of 2013, the Central Bank of the Bahamas has revealed, dropping more than 10 percentage points below minimum in the Christmas run-up.
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Nassau targets 62.5% increase in cruise calls
Nassau Cruise Port is projecting a 62.5 percent in monthly cruise ship calls between September and December 2021, it was revealed yesterday, with demand exceeding available berths in the Christmas run-up.
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Goodman’s Bay hostilities erupt on 14-storey project
Hostilities erupted between Goodman’s Bay neighbours over allegations voiced at a public hearing regarding the motives for opposing the Wynn Group’s 14-storey penthouse project.
