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Marinas seek charter clarity amid fear of 20% increase

Bahamian marinas are seeking clarity on whether the 10 percent VAT on foreign yacht charter contracts will be levied on pre-existing deals come July 1 amid fears this will be “a tough pill to swallow”.

COVID rebound uneven for Family Island resorts

Family Island resorts have recovered to 80 percent of pre-COVID business volumes, a senior tourism official has revealed, but the rebound remains uneven because of airlift woes impacting some locations.

Over $1.2m provided to Andros farmers, fishing

The Small Business Development Centre (SBDC) says it has facilitated some $1.216m in financing for 57 farming and fishing entrepreneurs in Andros.

Vacation homes, retail driving Andros growth

The Andros Chamber of Commerce president says the island experienced “significant growth” in 2021 with vacation homes and the retail sector leading the way.

‘Options limited’ over relief for gas dealers

The Ministry of Finance’s top official yesterday said the Government’s “options are limited” in providing the relief sought by petroleum retailers struggling with gross margins of 10 percent or less.

Clarity needed on Embassy spending

THE official opposition wants to see a full report detailing money spent on furniture and decor at an ambassador’s residence in Belgium.

WHAT’S THE REAL DEAL ON SUNKEN TREASURE? Munroe says licence issued to exploration firm ‘unsatisfactory’

National Security Minister Wayne Munroe said the royalties the government has received to date from treasure hunters salvaging wreckages in Bahamian waters have been “unsatisfactory”.

FIFA U-15 CentroBasket: Two defeats for Bahamas

THE Bahamas’ team at the FIFA Under-15 CentroBasket Championships got a rude awakening in the first two games they played over the weekend at the Fernando ‘Rube’ Hernandez Coliseo in Gurabo, Puerto Rico.

Freedom Farm dominates Andre Rodgers Nationals

THE Bahamas Baseball Association returned to play in its marquee event for local youth baseball, the Andre Rodgers National Championships.

Bahamas Bowl gets a new sponsor

HomeTown Lenders Bahamas Bowl is all set for the eighth edition of the biggest and longest running collegiate football season ending championship bowl game to take place at the Thomas A Robinson National Stadium on Friday, December 16.

‘No break’: Property cover to stick near all-time high

A Bahamian insurer yesterday warned “there’s just no scope for a break” on property insurance prices that are “pretty close” to all-time highs following double-digit percentage increases last year.

Bahamas must get youth for ‘leg up’ on Caribbean

The Bahamas was yesterday urged to start a youth movement so it can grow - for “generations to come” - a flats fishing industry likely to have expanded far beyond its $141m economic impact in 2010.

Airlift ‘bane of everyone’s life’

Andros has exceeded last year’s total stopover visitors by 66.5 percent in just the first four months of 2022, it was revealed yesterday, despite airlift woes being “the bane of everybody’s life”.

‘Train’s left station’: MSC eyes cruise port’s owner

Nassau Cruise Port’s $300m transformation will not be disrupted by a shipping giant’s interest in acquiring its controlling shareholder, its chief executive asserted yesterday, adding: “That train left the station a long time ago.”

Davis claims jobless rate now below 20%

PRIME Minister Phillip “Brave” Davis said yesterday the country’s unemployment rate is now below 20 percent, a major decrease from that of the pandemic, which he estimated at around 45 per cent.

‘Davis must not compete with Mottley’

In May, Office of the Prime Minister Press Secretary Clint Watson said that Prime Minister Philip Brave Davis is in high demand globally due to his no-nonsense stance on climate change. Watson’s response was due to the Progressive Liberal Party government coming under scrutiny for its frequent travelling abroad.

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