Show advanced options

Select all Clear all

Story

PM unveils lease-to-own Crown Land return plan

The Prime Minister has pledged to launch a lease-to-own initiative involving Crown Land to entice Cat Islanders to return home.

Story

Reinvesting 50% of corporate tax no GDP growth panacea

Reinvesting 50 percent of the revenues generated by a corporate income tax would lessen - but not eliminate - the negative economic impact of each of the four proposed implementation options, the Government is forecasting.

Story

Club Med: Over 75% of workforce returns

Club Med's general manager yesterday revealed that more than 75 percent of the resort's staff have returned to work at the property despite its near three-year shutdown due to COVID-19.

Story
Tease photo

Little juice left

ActivTrades

Global stocks of orange juice have shrunk significantly, and raw material costs are rising. Consumers must be prepared for price increases for their most popular drink.

Story
Tease photo

ERIC WIBERG: The last flight of a Marauder

On October 17, 1944, five years into World War II, a B-26 Marauder aircraft assigned to the Royal Air Force Transport Command took off from the Windsor Field.

Story

Revenue surge to $274m via corporate tax switch

The Government could near-double pre-COVID business taxation revenues if it were to implement a 15 percent corporate income levy across-the-board on all entities bar those generating less than $500,000 in annual turnover.

Story
Tease photo

Cat Island 'going to get whole hog'

Government officials yesterday pledged that Cat Island is "going to get the whole hog" when it comes to airport, roads and utilities upgrades and investments.

Story
Tease photo

PM blasts 'blinkered' officials' tax attitude

The Prime Minister yesterday slammed "blinkered" public officials for adopting inflexible approaches to the collection of outstanding taxes that "close the business" and hinder economic growth and productivity.

Story
Tease photo

CORPORATE TAX PLAN REVEALED: Govt favours proposal of 10-12 percent rate for most businesses

The Government is leaning towards reforms that will see most Bahamas-based businesses pay a "modest" corporate income tax of either 10 or 12 percent with the only exception being small firms earning less than $500,000 annually.

Story
Tease photo

Water Corp debt to main supplier grows to $16.6m

The Water & Sewerage Corporation's outstanding debts to its main BISX-listed reverse osmosis supplier increased slightly to $16.6m during the 2023 first quarter despite government pledges to eliminate this, it was revealed yesterday.

Story
Tease photo

Bahamas branch of British Legion experiencing financial difficulties

THE Bahamas Branch of the British Legion is experiencing financial difficulties as it tries to cover its June distribution of money and goods.

Story

Gov’t striving to re-open Lucayan’s Breaker’s Cay

The Government has taken a "show me the money" approach with potential Grand Lucayan buyers at it works to open another part of the resort complex to support increased airlift to Grand Bahama, it was revealed yesterday.

Story
Tease photo

Nassau Nastics set to launch kids’ summer camp starting June 19

NASSAU Nastics will launch a summer camp for children from June 19 to August 25.

Story
Tease photo

PETER YOUNG: Turkey’s identity at stake as the country faces a possible presidential run-off

TO many people, Turkey is something of an unknown quantity. But it is in the news at present because of last Sunday’s parliamentary and presidential elections. These are said to be the most pivotal polls in the nation’s history and President Recep Tayyip Erdogan’s toughest challenge since he first came to power in 2003.

Story
Tease photo

Central Bank exceeded Govt lending limits at year-end '22

The Central Bank would have massively exceeded its legal lending limits to the Government had the latter's accessing of $232.3m in IMF special drawing rights (SDRs) been included in the 2022 year-end calculation.

Story
Tease photo

‘WE JUST SHOT OURSELVES IN THE FOOT’: Men’s national beach soccer team goalie speaks on Bahamas’ 4th place finish

It’s not every day that an athlete makes a successful transition from one sport to the other.

Story
Tease photo

PM calls for support for Bridgetown finance plan

PRIME Minister Philip “Brave” Davis said it is morally imperative that Caribbean and Latin American countries support the Bridgetown Initiative, a global climate finance plan.

Story
Tease photo

FTX Bahamas charges US broke 'every single' pledge

FTX's Bahamian liquidators have accused their US adversaries of "breaching every single" co-operation pledge in just four short months as they urged the Supreme Court to "sort it out" with Delaware.

Story

Fiscal year finish is ‘critical platform’ for 78% deficit cut

The Ministry of Finance's top official yesterday said the Government's financial performance over the next two months is "critical" to setting the foundation for a 2023-2024 fiscal year in which the deficit is forecast to be cut by 78 percent.

Story

Promotion Board in 67% website visitor increase

The Nassau Paradise Island Promotion Board's (NPIPB) chief executive says there has been a 67 percent year-over-year jump in visitor traffic to its website as it works to convert this increase into actual visitors.