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Doctors is ‘coming in hot’ on bed shortage
Doctors Hospital is “coming in hot” with a multi-million dollar investment in upgrading its healthcare infrastructure that aims to narrow The Bahamas’ bed shortage compared to global benchmarks.
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PAYDAY PAYBACK: Student loan debt could force govt to target salaries
THE Ministry of Education is seeking to garnish the wages of civil servants who have failed to repay the Education Loan Authority as it aims to recover over $83m in delinquent money.
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Aid offered to help farming community
THE government is calling on local farmers and farmer-hopefuls to come forward and receive assistance in the form of labour or financial benefits.
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Gov't urged to pass Small Business Bill
THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chief executive yesterday urged the Government to prioritise passing the Small and Medium-Sized Enterprises Development Bill left behind by the former Ingraham administration, saying this was "vital" to creating jobs and turning the economy around.
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Dock construction starts to pave way for $50m resort
WORK has begun on a $1.5m cargo shipping dock that will pave the way for construction of a resort development in the Exuma cays.
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Resorts plan to evacuate guests ahead of storm
AS powerful Hurricane Matthew churns towards the Bahamas, some visitors have left vulnerable areas with plans underway to evacuate others, the Ministry of Tourism said.
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Abaco power outages driving tourists away
Abaco businesses have been “left in the dark” by frequent power outages, with tourists cutting short their vacation amid “grave concern” for economic and reputational damage.Vado Bootle, the Abaco Chamber of Commerce president, said there was “anger
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Gymnastics federation holds annual general meeting
THE Gymnastics Federation of the Bahamas held its annual general meeting on Wednesday, November 14 at the British Colonial Hilton Hotel.
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THE VIEW ON THE STREET
Constituents in South Beach and Pinewood talk to The Tribune on the eve of the poll
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Island-wide blackout plunges thousands into darkness - again
TRANSMISSION network failure and related issues caused an island-wide power cut that plunged thousands of New Providence residents into darkness on Friday for hours. The power cut caused great embarrassment when it interrupted the final games of Bat
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Hobby Horse workers must wait on pay
THE roughly 200 former Baha Mar employees hired by or through The Hobby Horse Company will have to wait out the ongoing payout process to learn their fate, as Claims Committee personnel deliberate over how best to handle the “precarious” group.
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Treasure Cay’s fuel post eyes $3m record
While the new Delta Airlines service has brightened the immediate future for Abaco tourism, a Treasure Cay hotelier warned that the lack of domestic service into that location “has hurt us for three years”.
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Bahamians sceptical on VAT revenue use
Many Bahamians are sceptical the Government will keep its promise to use Value-Added Tax (VAT) revenue to reduce the country’s deficit and $6 billion-plus national debt, according to a study conducted by College of The Bahamas (COB) students.
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'Priceless Bahamas' merchants 'double' since launch
The number of Nassau/Paradise Island retailers participating in MasterCard’s "Priceless Bahamas" has "more than doubled" since its launch in 2008, according to regional executives, who said the programme was helping the Bahamas move to a cashless society.
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Food retailers fear 12% VAT cost rises
Bahamian food retailers fear the Government’s Value-Added Tax (VAT) legislation will have a “profound impact” and result in job losses, increasing their cost base by up to 12 per cent.
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S&P downgrade a ‘wake-up call’
The Central Bank’s governor yesterday said Standard & Poor’s (S&P’s) August downgrade of the Bahamas’ sovereign credit rating to one notch above ‘junk’ status was “a wake up call”, not a “seismic event”.
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First VAT filings: ‘Huge discrepancies’ unlikely
The Tax Coalition’s chairman is not expecting “huge material discrepancies” between the private sector and the Government over the first Value-Added Tax (VAT) filings, although he acknowledged: “The proof of the pudding is in the eating.”
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$20-$30M INVESTMENT AT LAST HOTEL CORP HOTEL
By NEIL HARTNELL Tribune Business Editor An Illinois-based investor is eyeing a $20-$30 million investment during the first two phases of its plans to transform the last Hotel Corporation-owned property into an upscale boutique resort, with talks aiming
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Banks to ‘double’ VAT recovery.... to just 10%
The Bahamian banking industry is hopeful it might be able to recover ‘double’ the amount of Value-Added Tax (VAT) inputs than previously thought, as one institution yesterday revealed its total tax burden will increase by $6-$7 million in two years.
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Yacht brokerenjoying 80%sales upswing
A BAHAMIAN boat/yacht broker has seen an 80 per cent sales upswing for 2013 to-date, telling Tribune Business yesterday that most of the boats sold were over the $100,000 threshold.
