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Cotton Bay revival targeting $12m yearly wage, tax boost
REPRESENTATIVES of the developer behind the Cotton Bay Club’s $200m revival have forecast that the project will generate an annual $12m economic impact in wages and taxes alone when fully operational.
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Rumour has it
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The ups and downs in the international markets continued last week. Robust economic data fuelled concerns about interest rates but, at the same time, consumer activity remained strong. This created a dilemma for many investors.
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Two more GSSSA champions crowned
COACH Kevin ‘KJ’ Johnson and his CI Gibson Rattlers celebrated another Government Secondary Schools Sports Association championship feat, this time in the senior girls’ division.
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‘Buddy’ Hield misses out on his second 3-point title
CHAVANO ‘Buddy’ Hield has hit some big three-pointers during his eight years in the National Basketball Association. In fact, the Grand Bahamian now owns the Indiana Pacers’ single-season franchise record, surpassing legendary Reggie Miller.
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Alcohol, drugs and gambling
In Jesus put all your trust, all your belief, and all your heart.
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Three granted $60k bail on cocaine charges
TWO men and a woman were granted $60,000 bail in court yesterday after being accused of smuggling $1,000,000 worth of cocaine into the country through Bimini last weekend.
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VAT health claims change may drain foreign reserves
THE changed VAT treatment on health insurance claims payouts could further drain The Bahamas’ foreign reserves by driving patients to seek care outside the country, a senior executive warned yesterday.
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FRONT PORCH: Constitution matters and questions
“IT IS something which is very healthy and something which is very much in keeping with the democratic spirit of the country to periodically examine the Constitution and make changes which are likely to be to the benefit of the country over the long term.” – Sean McWeeney, chair, 2013 Constitutional Commission.
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Hotel union eyes industrial agreement ‘red letter day’
The hotel union’s president yesterday said it will be a “red letter day” for its several thousand members when their now ten-year wait for a new industrial agreement with the main employer body is ended.
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Man sentenced for two years for theft of $80
A MAN was sentenced to two years in prison yesterday after he admitted to stealing cash in a housebreaking in Andros late last year.
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John Kerry: US ‘delegation here to listen’
UNITED States special presidential climate envoy John Kerry last night told government officials at a welcome reception hosted by the US embassy that every country must join in the fight against climate change and do its part to respond to the crisis for the future generations to come.
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PETER YOUNG: Horror of a lethal earthquake
WITH video coverage of natural disasters and war zones beamed instantly around the world these days, people have become almost accustomed to witnessing human suffering from afar. But the images and stories of the scale of destruction and horror this past week following Monday’s severe earthquake in southern Turkey and northern Syria have been hard to take in.
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Mitchell: Haiti to be a main topic during CARICOM
FOREIGN Affairs Minister Fred Mitchell said yesterday that Haiti is one of the main issues that will be addressed at CARICOM, noting the country’s political and security challenges.
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90 kilos of suspected cocaine seized in Bimini
Bahamian law enforcement officials seized over 90 kilos of suspected cocaine – worth $1m – onboard a vessel at the Cat Cay Marina in Bimini on Sunday.
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WORLD VIEW: Haiti at the tipping point of becoming fully hostage to criminals
HAITI continues to occupy the concerns of nations around the world, especially its closest neighbouring states.
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BOB eliminates ‘external influences’ of past rescue
Bank of The Bahamas has “eliminated a lot of the external influences” that helped produce two taxpayer-funded rescues, its top executive has revealed, with the institution “on track” to hit this year’s $8m-$9m profits target.
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Debt jumps $256m on IMF rights borrowings
Much of the $256.2m increase in the national debt during the six months to end-December was driven by the Government’s “use” of $232.3m in IMF special drawing rights (SDRs), it has been revealed.
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Jasmine Mackey misses CARIFTA-qualifying time
IN a gutsy performance on Saturday at the Road Runners’ Dianna Lynn Thompson’s Memorial Track Classic, middle distance runner Jasmine Mackey came so close to eclipsing the qualifying standard for the girls under- 20 1,500 metres for the 50th CARIFTA Games.
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Moody’s claims that we’re optimistic? We have to be
The Bahamas must “hold the line” on government spending to build investor confidence that it is not solely relying on economic growth “to fund any errors” in its fiscal projections, a well-known banker urged yesterday.
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Bran: 'Can't water out of stone' over health VAT
A former Democratic National Alliance (DNA) leader is blasting the Government's "misguided decision" to change the VAT treatment of health insurance claims payouts, arguing: "You can't get water out of a stone."