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VAT 'recipe for disaster' with no Contractor Bill

A Bahamian contractor said yesterday that levying 7.5 per cent Value-Added Tax (VAT) on the sector without first passing the Contractors Bill would be a “recipe for disaster”, telling Tribune Business: “We are in no manner, shape or form prepared for this.”

That's a lame excuse, says union chief

BAHAMAS Union of Teachers president Belinda Wilson released a statement yesterday dismissing Education Director Marcellus Taylor’s “lame excuse” as to why 100 newly recruited teachers are still at home waiting to be employed and assigned to public sc

Developer’s 90 workers face ‘irreparable harm’

Blackbeard’s Cay and its 90-strong staff are threatened with “irreparable harm” as a result of its legal woes, which have already reduced cruise visitor numbers to the project.

PMH Critical Care Block 80% complete

THE $53 million Princess Margaret Hospital (PMH) Critical Care Block is roughly 80 per cent complete, Cavalier Construction’s managing director yesterday telling Tribune Business it was targeting an end-July competition.

Katrina Livingstone, aged 90, a Marathon resident, who told the meeting that cancer was found …

Parking ‘satisfied’: Wynn penthouse project is go

The Town Planning Committee’s chairman yesterday confirmed it has approved Wynn Group’s 14-storey Goodman’s Bay penthouses after it “satisfied” long-standing parking concerns.

Deadly coral disease is affecting up to 90 percent of reefs in some areas

THE deadly Stony Coral Tissue Loss Disease (SCTLD) continues to ravage corals in The Bahamas, affecting up to 90 per cent of corals in some areas.

Moody’s warn COVID impact will remain beyond 2024

Bahamian economic output will not recover to pre-COVID-19 levels "until after 2024", Moody's has warned, in a stark illustration of the economic devastation unleashed by the pandemic.

Gov’t told: Avoid ‘piecemeal approach’ over tax reforms

The Opposition’s leader yesterday urged the Government to avoid “a piecemeal approach” to reform in the FNM’s response to the corporate income tax proposal, warning: “We have a very small margin for error.”

Cable Bahamas axes 87 staff on furlough

Cable Bahamas' top executive yesterday admitted that hopes the COVID-19 crisis would "be short term" have been dashed as it permanently terminated 87 staff.

Abaco must ‘fix product’ before 7,200 new arrivals

Abaco hotels were yesterday urged to “fix product issues” and costs prior to the Christmas season start of Delta Airlines’ twice-weekly Atlanta service, which promises to bring an extra 7,200 visitors to the island annually.

Mitchell: Legislation to be tabled this week on new immigration policy

THE government plans to table legislation on its new immigration policy when the parliament resumes this week, according to Foreign Affairs Minister Fred Mitchell.

Bahamas to host Aqua X World Championships

The Bahamas’ sports tourism product is set to expand with a new initiative by the Atlantis resort, the Bahamas Ministry of Tourism and Aviation, the Nassau/Paradise Island Promotion Board and P1 Aqua Cross (branded Aqua X) Racing.

Safeguards against 'sinister' liquidations

CHANGES to Bahamian insolvency law will prevent directors/shareholders from putting companies into voluntary liquidation for "sinister reasons", a leading accountant yesterday arguing that the amendments bring this nation "into line with model international law".

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