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Marina chief hits at increased red tape

The Association of Bahamas Marinas (ABM) yesterday voiced frustration that the entry process for incoming boats and yachts has been made “more complicated and difficult” for 80 percent of the market.

Unchecked spending boosted Govt deficit by 3.5% pts of GDP

Unchecked spending by the Christie administration added a sum equivalent to 3.5 per cent of GDP to the 2016-2017 deficit, Moody’s estimated yesterday, warning that Bahamian fiscal policy credibility has been undermined.

Bahamas’ ‘first class fills before economy’

The Bahamas’ tourism rebound is seeing “first class fill up before economy class”, a Cabinet minister said yesterday, estimating that as much as 80 percent of the industry’s economic impact has returned.

GB resort to give 18,000 'Memories'

Grand Bahama’s new four-star Memories Resort has more than 18,000 bookings “already in hand” to ensure an 80 per cent average occupancy level this winter, Prime Minister Perry Christie said yesterday, adding that Bahamasair will in May start a wet lease arrangement with its owners for service from up to eight US cities.

VAT rate rise 'criminal' if no compliance

A former Bahamas Chamber of Commerce president yesterday it was “criminal” for the Government to already be talking about increasing the 7.5 per cent Value-Added Tax (VAT) rate prior to getting the existing tax system’s compliance levels to 80 per cent.

High Flyers and Giants in charge

THE two-time defending division II champions Breezes High Flyers and the Commonwealth Bank Giants, going for a repeat of the men’s title, are now in the driver’s seat of the New Providence Basketball Association’s best-of-seven championship series.

BISX-listed fund promises investors ‘far better’ 2015

The BISX-listed Bahamas Property Fund yesterday said 2015 will be “a far better year” for its shareholders, as it aims for a ‘double digit’ increase in occupancy levels at its flagship building in downtown Nassau by mid-year.

60th CAGC off to a scorching start

AS host of the 60th Caribbean Amateur Golf Championships, the Bahamas was feeling the heat just as much as their opponents as the first day of competition got off to a scorching start at the Ocean Club Golf Club on Tuesday.

Internet gives 30% boost for Bahamian tourism forecasts

The Bahamian tourism industry’s ability to accurately predict visitor arrivals trends increases by 30 percent if it incorporates Internet search data into its forecasts, an IMF paper has revealed. The report Where should we go? Internet searches and

Formal economy 'overpaying' its share of taxes

Poor compliance, caused by corruption, limited accountability and a lack of enforcement, has resulted in the Bahamian formal economy paying a disproportionate share of this nation’s taxes.

The runaway bride . . .

CALIFORNIA bride-to-be, Sheri Smith will tie the knot in Inagua on January 16, two days before she will tie her laces and run in Marathon Bahamas.

GB Power: Base raten rise offset by efficiency gains

GB Power: Base raten rise offset by efficiency gains Grand Bahama Power Company (GBPC) says the $0.03 base rate increase set to be imposed on consumers under its new tariff structure will be offset by fuel savings resulting from efficiencies generated by

Tap into your future

Tap into your future By ALESHA CADET Tribune Features Reporter BAHAMIAN Entertainer Tracey Ann Perpall (TAP) is hosting a four hour seminar to encourage young women to discover their self-worth. The sketch comedy artist said the overall goal of Thursday

Non-profit reveals 36% fall in distributed meals

The Bahamas Feeding Network (BFN) yesterday said corporate donations have dropped-off noticeably since the COVID pandemic even though one in every eight Bahamians is thought to be living in poverty.

Davis defends $14m spending on clinic contracts

“The 80 people in Rum Cay, 72 in Ragged Island or the 700 in Berry Islands all have the same rights as those in New Providence. They are all citizens. None has priority over the other,” Mr Davis said.

Eleuthera ‘jewel’ for sale at $15m

A “jewel of Eleuthera” is said to be attracting significant buyer interest after being put up for sale with a $15m price tag, a local realtor has disclosed.

Prison outbreak would be disaster

When the Bahamas Department of Correctional Services was relocated at Fox Hill in 1952, it was built to house a total of 334 inmates, with the main facility having a capacity of 224; a first offender’s facility being able to accommodate 80 inmates and a female’s facility, 30 inmates.

GB POWER PLANT 'OVER 60% DONE'

By NEIL HARTNELL Tribune Business Editor Grand Bahama Power Company yesterday said its new generation plant is "more than 60 per cent complete" after a $40 million investment to-date, as the BISX-listed company that holds 50 per cent of its equity unveil

Golf event creates 3,000 room nights

ATLANTIS’S top executive yesterday said the wekend’s Pure Silk-Bahamas Ladies Professional Golf Assocation (LPGA) tournament generated some 3,000 room nights for the resort.

Referendum leaves Bahamas exposed to laundering sanctions

THE Bahamas remains exposed to potential international sanctions over illegal web shop gaming as a result of Monday’s referendum, the ‘Yes’ vote campaign co-ordinator wartned yesterday.

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