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Bahamas ‘not tapped out’: FDI inflows at $1.3bn high
The Bahamas is “nowhere near to tapping out” its ability to attract greater foreign direct investment (FDI) flows, it was argued yesterday, after these increased by 6 percent to near-$1.3bn in 2022.
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Businesses fear major loss from North Andros BPL fire
Hundreds of North Andros businesses and visiting vendors were yesterday fearing they could suffer substantial losses after the area's entire power generation capacity was destroyed by an early morning fire.
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'Reticent' on oil explorer's carbon credits alternative
Environmental activists are urging the Government to "carefully scrutinise" any proposal by Challenger Energy Group to monetise its $150m investment in this nation via the creation of carbon credits.
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Selling out! Independence Day sales soar
RETAILERS are reporting strong sales of Independence Day-related merchandise ahead of the Bahamas’s 50th anniversary celebrations.
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Day 1 of Track & Field Nationals in the books
Bahamian pro athletes shine
Day one of the Bahamas Association of Athletic Associations (BAAA) Senior and Junior National Track & Field Championships got off to an exciting start at the original Thomas A Robinson stadium.
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Babe Ruth Baseball Caribbean Region Championships all set for July 20-24
THE boys will be back in town to participate in the 2023 Babe Ruth Baseball Caribbean Region 12-and-under Championships and the 16-and-under invitational, scheduled for July 20-24.
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‘No choice’ but to go Bahamian
The Government must build greater “trust and confidence” in its fiscal plan among Bahamian investors given it has “no choice” but to almost exclusively tap the local capital markets to meet its nine-figure deficit financing demands.
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‘Nothing to lose’ on 5% corporate tax
A Bahamian financial services provider yesterday argued that this nation should smash “conformity” by adopting a low-rate 5 percent corporate income tax, asserting: “We have nothing to lose.”
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Inland Revenue must be a ‘well oiled machine’ for corporate tax
The Department of Inland Revenue (DIR) must become “a well-oiled machine” that is far more responsive to taxpayer needs under a corporate income tax regime, a prominent accountant is urging.
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Reserves hit $2.9bn on Gov’t borrowing boost
The Bahamas’ foreign currency reserves expanded by almost $169m in May due to a boost from the Government’s external borrowing activities as they closed the month at near-$2.9bn.
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Munroe: Bahari has no permit for National symbols use
NATIONAL Security Minister Wayne Munroe said a popular clothing store, Bahari Bahamas, does not have permits to feature Bahamian national symbols on their merchandise and has not responded to his ministry’s demands to comply with the law.
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Team New Providence ready for Bahamas Games
AFTER 20 long years, the Bahamas Games are finally back.
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Swimmer Lamar Taylor happy with gold, bronze
Makes a name for himself at Central American & Caribbean Games in El Salvador
LAMAR Taylor said he was surprised by his double medal winning performance at the Central American and Caribbean Games last week in San Salvador, El Salvador.
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No licence? Then don’t use national symbols
NATIONAL Security Minister Wayne Munroe warned against the unsanctioned use of Bahamian national symbols yesterday as officials announced that people can now apply online for licences to use the symbols.
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‘Something’s got to give’ in Govt’s fight with GBPA
A LONG-STANDING Freeport licensee says “something has got to give” in the struggle between the Government and Grand Bahama Port Authority (GBPA), and warned: “Change is inevitable.”
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Gas retailers ‘not gone to sleep’ on margin rise
BAHAMIAN petroleum retailers yesterday said they “haven’t gone to sleep” over their push for a margin increase but are willing to take a “sensible” phased-in approach that will not overly burden motorists and the wider economy.
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Emaniel Alexandre pleased with season, happy to be back home
EMANIEL Alexandre was glad to be back home. Alexandre was back on familiar grounds in the CI Gibson Gymnasium after he teamed up with Saheed Sanusi, Jaden Strachan, Bryan Rolle, Collin Storr and Charles Joseph on the CI Gibson Rattlers senior boys and Providence Storm basketball club teams.
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'Why I don't care to see Gov't takeover of GBPA'
A Bahamian investor has highlighted the contrasting treatment his project received in Nassau and Freeport to explain why he "does not care to see the Grand Bahama Port Authority (GBPA) fall into the Government's hands".
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Gov't 'examining merits' of oil explorer carbon credits
The Government is "examining the merits" of an oil explorer's proposal to gain a return on its $100m-plus investment in The Bahamas via the use of carbon credits.
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Low vaccination rates spark fears over polio
HEALTH officials are alarmed by declining vaccination among children and fear the country is at risk of reintroducing polio and other deadly diseases.
