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VAT cut’s ‘modest’ jobs, growth effect
Cutting the VAT rate to 10 percent will cause “only slight improvement” in job creation and economic growth, a University of the Bahamas (UoB) study asserts, while advocating it still “be pursued’.
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Ayton sidelined with right leg contusion – Suns centre posts second straight double double
Deandre Ayton had his second consecutive double double of the season but was also sidelined with a right leg contusion.
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Sweeting’s Cay residents ‘are still sleeping in tents’
MYLES Laroda, State Minister in the Office of the Prime Minister, was concerned that some Sweeting’s Cay residents were sleeping in tents, two years following Hurricane Dorian.
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RBDF promotions approved ‘soon’
ROYAL Bahamas Defence Force Commodore Raymond King said promotions for the organisation should be approved soon.
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Resort aims to bridge 36% T&C rates gap
An Exuma-based resort yesterday said it is striving for “five-star rock star” performance to match high-end Turks & Caicos rivals and bridge a 36 percent room rate gap.
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DPM praises ‘exceptional’ Sandals 95% occupancy
The deputy prime minister yesterday hailed Sandals Emerald Bay’s “exceptional” 90-95 percent slow season occupancy levels with the resort chain eyeing further Bahamas expansion.
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STATESIDE: Zuckerberg and Goodell dealing with controversies
FACEBOOK owner Mark Zuckerberg and NFL commissioner Roger Goodell are both in the news these days, for many of the same basic reasons. While neither is likely very happy about the situation, they can likely take some comfort from the fact that they are both very wealthy, powerful and influential. And even in the near term, both are likely to retain the outsized influence they wield, both in the U.S. and around the world.
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Coalition chief optimistic VAT cut to boost revenue
The Coalition for Responsible Taxation’s head yesterday voiced optimism that the 10 percent VAT slash will generate more revenue than the current structure once zero ratings are eliminated.
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Banks not ‘betting against economy’
Top bankers yesterday rejected the Prime Minister’s assertion that they are “betting against The Bahamas’ economy” after it was revealed that a recent bond issue was just 40 percent subscribed.
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Kerzner’s praise for Farrington
Two minutes ago I stumbled on my copy of the attached letter, apparently written to Barry Farrington by Butch Kerzner. I find it to be a profound and well deserved compliment to Barry. You may publish it if you wish.
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It’s official: Rolle makes return to pro basketball
WALTIEA Rolle officially made her return to professional basketball and leads her club in a newly formed tournament to encourage competition between teams in Spain.
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Promotions 'on the way'
HUNDREDS of promotions held back since before the 2017 general election are on the way for government workers in the coming weeks, including those in the armed forces, State Public Service Minister Pia Glover-Rolle said yesterday.
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Bastian, Williams inducted into Benedict Hall of Fame
Having persevered in almost similar fashion from humble beginnings, Bahamian triple sporting star Melinda Bastian and multiple distance running national record holder O’Neil Williams emerged as two of the top student-athletes ever produced at Benedict College.
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PETER YOUNG: Small island developing states should speak with one voice
HAVING written only last week about COP26, the UN Climate Change Conference which opens in Scotland in less than one week, I hesitate to return to the subject today for fear of repetition. But there has been a significant new development and it may also be worth reiterating the importance of the conference to Small Island Developing States (SIDS) which include, of course, The Bahamas.
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BPL’s Shell deal process ‘oblique’
Bahamas Power & Light’s (BPL) efforts to outsource electricity generation on New Providence were “oblique” and not fully transparent over a deal ultimately won by Shell North America.
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$2m BPL microgrid winner’s deal offload
The winning bidder to develop Ragged Island’s $2m solar microgrid, on the same day it signed the deal with BPL, assigned all project rights to an entity that failed to make the final tender round.
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Farewell to J Barrie Farrington
A STATE-RECOGNISED memorial service was held for John Barrie Farrington, 85, former senator and hotelier, on Saturday at Christ Church Cathedral.
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Avoid furlough end ‘double whammy’
The Grand Bahama Chamber of Commerce’s president has warned that the furlough period’s end must be “well thought-out” to avoid inflicting a “double whammy” on workers and businesses.
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Swimmer Davante Carey and Bearcats improve to 7-0
DAVANTE Carey had an active weekend for the McKendree Bearcats Swimming as the No.4 ranked team improved to 7-0 in dual meets this season.