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Digital assets ‘shot in the arm’ sparks accountants to reunite
The Bahamas’ entry into the digital assets space sparked two well-known accountants to speed up their reunion after a decade apart by merging their two firms with effect from yesterday.
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Gas stations hope for industry ‘modernising’
Gas station dealers are hoping the Government will either agree to a margin increase or “modernising” the industry’s structure, with a solution agreed before the 2022-2023 Budget is unveiled in just over three weeks’ time.
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Investment protection focus for digital assets regulation
The Securities Commission’s top executive has foreshadowed the roll-out of more digital asset regulations as it begins focusing on “investment protection” in the cryptocurrency space.
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Govt discussing how to bring relief to gas operators and consumers
THE Davis administration is currently discussing how best it can bring relief to both gas operators and consumers in response to rising fuel prices sparked by the Russia-Ukraine war, according to Economic Affairs Minister Michael Halkitis on Friday.
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'Not feasible' to remove VAT on breadbasket items
ECONOMIC Affairs Minister Michael Halkitis maintained on Friday that removing value added tax on breadbasket items is not feasible at this time, noting the tax regime was a necessary initiative meant to reduce government borrowing and improve the nation’s overall “fiscal health.”
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DIANE PHILLIPS: What it takes to breathe new life into historic Nassau
PARTS of this column first appeared nearly five years ago. Sadly, it remains all too relevant. The Tribune has agreed to re-run it today at my request in light of the Davis administration’s commitment to rescuing and resuscitating the historic city of Nassau.
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First Pine Crest homes to be completed next month
THE first set of homes in the government’s affordable housing programme will be completed next month, according to Jobeth Coleby-Davis as she insisted the construction process aligned with the highest standards available.
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‘Inflation is raising costs for helping the hungry’
A LOCAL feeding organisation says the current period of inflation as well as the reintroduction of value added tax on breadbasket items has increased its operational costs.
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‘Progress being made’ in appointing first US ambassador since 2011
US Senator Christopher Dodd said he’s been told that officials are making progress to find a new US ambassador to The Bahamas, more than ten years after the last American ambassador stepped down.
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‘World’s in worst state that I have ever seen’
Super Value’s principal has voiced hope that “we can do better than” the World Bank’s dire prediction of high food prices lasting for three years, but conceded: “The world is in the worst state I’ve ever seen.”
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Disney triples construction workforce promise to 300
Disney Cruise Line yesterday revealed it is near-tripling the number of construction jobs created by its Lighthouse Point project to 300 amid hopes that Eleuthera can attract up to $1bn in total investment over the next decade.
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Vacation rental fears on ‘full package’ VAT
A Bahamian vacation rental website developer yesterday voiced concern that the Government’s plans to impose VAT on “the full package” will undermine the industry’s affordability and competitiveness.
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‘Creatures of evolution’: Digital firm to top $130m
A Bahamian digital payments provider yesterday predicted it will this year “top” the $130m worth of transactions it settled in 2021, and said of this shift: “This is not going to be the norm; it is the norm.”
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Traditional finance providers have ‘duty’ to embrace crypto
Deltec Bank & Trust’s chairman yesterday asserted that traditional financial services providers have a “duty” to help innovators in the digital assets and crypto currency space.
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Deltec chief: Banks quietly investing in crypto talents
A Bahamian financial institution’s chief executive yesterday said traditional financial services providers are quietly making “huge investments” in digital assets talent and infrastructure as they embrace the inevitability of its evolution.
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Suns finish off Pelicans in Game 6
NEW ORLEANS (AP) — Chris Paul has accomplished so many things in his 17 NBA seasons that it's nearly impossible to rank his Mount Rushmore moments.
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Murder in Grand Bahama takes year’s tally to 48
A MAN believed to be in his early 40s was shot and killed at his home in Grand Bahama early yesterday morning, pushing the country’s murder count to 48 so far for the year, according to this newspaper’s records.
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‘I struggled with breadbasket VAT decision’
ENGLERSTON MP Glenys Hanna Martin admitted yesterday that she struggled with the Davis administration’s decision to return value added tax to breadbasket items, adding that she hoped all food items would be free of the tax one day.
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‘Thunderball’ causes storm on Staniel Cay
The Supreme Court this week extended the construction halt on a property at the centre of an escalating dispute between Staniel Cay homeowners over fears it is a boutique hotel development in disguise.
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Permit ‘backdoor’ allows developers to evade law
The immediate past environment minister has warned that the permitting system “creates a backdoor” for developers “to cloak their boutique hotels as single family residences” and evade Bahamian law.
