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Foreign buyer VAT rise gains ‘90-day transition’
A Cabinet minister yesterday confirmed the Government is allowing a 90-day “transition period” so that foreign purchases of real estate valued at under $1m - and already subject to sales agreements - can close at existing VAT rates.
Load shedding continues while BPL works to restore generation in North Andros
A WEEK after a catastrophic fire damaged Bahamas Power & Light’s facilities in North Andros, electricity has not been fully restored on the island.
Munroe expects 90 per cent decrease in outpatient care when prison facility built
NATIONAL Security Minister Wayne Munroe said the Public Hospital Authority does not like prisoners receiving care at Princess Margaret Hospital –– one reason medical facilities will be built at the Department of Corrections.
Jones and Liberty beat Aces 94-85
New York tightens up race for top seed in the WNBA playoffs
NEW YORK (AP) — Sabrina Ionescu scored 25 points and Breanna Stewart added 20 points, 12 rebounds and seven assists to help the New York Liberty beat the Las Vegas Aces 94-85 last night in the final regular-season meeting between the teams.
Governor General marks first official visit to Grand Bahama
GOVERNOR General Cynthia “Mother” Pratt travelled throughout Grand Bahama and met Bahamians from all walks of life during her first official visit last week.
Contaminated oil a new blow to Andros power
A CONTAMINATED supply of fuel led to a new shutdown of a power unit in Andros as restoration efforts continued following the fire that severely damaged BPL’s North Andros Power Station last week.
Gov’t awaits revenue ‘uptick’ on cruise tax
The Ministry of Finance’s top official says the Government’s revenues are on target with an “uptick” anticipated in the 2023-2024 fiscal year’s second half due to the hike in cruise visitor departure taxes.
Commonwealth hails $63.5m profit amid 91% claw back fall
COMMONWEALTH Bank yesterday hailed its “second most profitable” year-ever through $63.5m in net income that was generated despite a near-91 percent drop on COVID loss provision write-backs.
Grand Lucaya sees rise in occupancy numbers over long Easter weekend
SOME hotel properties experienced occupancy levels of between 30 and 40 percent over the Easter holiday, particularly in the Lucaya area.
BPGA gears up for 50th National Pro Golf Championships
THE Bahamas Professional Golfers Association (BPGA) is gearing up for its 50th Year National Professional Golf Championships for men, women and senior men.
$500m cruise port’s ‘strict preference’ for Bahamians
The US contractor managing landside construction for Carnival’s $500m Grand Bahama cruise port has pledged to give “strict preference” to Bahamians on all work that is put out to bid.
FTX Bahamas wind-up ‘halted’ if no Ray deal
FTX’s Bahamas wind- up “would be halted” without a deal with their US adversary, its liquidators have revealed, as they seek an extension to the legally-mandated 90-day deadline to hold a first creditor meeting.
Financial group chair to gain trailblazer award
A BAHAMIAN financial institution’s chairman is set to receive the Trailblazer Award at today’s Society of Trust and Estate Practitioners (STEP) Bahamas conference.
Men’s national basketball team splits wins with Jayhawks
TEAM Bahamas, with the newest addition of Phoenix Suns guard Eric Gordon, split games 1-1 against the University of Kansas (KU) Jayhawks this past weekend in Puerto Rico.
Fix child protection act for dads
I am writing to bring awareness to a social crisis that has permeated Bahamian society, and that is fatherhood absenteeism.
Educators honoured for efforts to reduce HIV infections, prevent teen pregnancy
MORE than 90 educators across the country were honoured on Friday for their efforts to reduce HIV infections among adolescents and prevent teen pregnancy.
Bahamians face extra 90-day wait to join NHI
Bahamians will now have to endure an extra 90-day wait to enroll in National Health Insurance (NHI) as the scheme embarks on an efficiency drive to counter its “finite resources” this fiscal year.
Battle 4 Atlantis men: Tar Heels to face Wildcats In Semifinals today
THE 12th Battle 4 Atlantis men’s tournament got off to a hot start for the Villanova Wildcats and North Carolina Tar Heels yesterday at the Imperial Arena, Paradise Island.
North Andros Power plant repairs cost $600k, as restoration continues
WORKS and Utilities Minister Alfred Sears said the cost of restoring power to North Andros after last week’s catastrophic fire at Bahamas Power & Light’s Nicholl’s Town plant is about $600k.
Four-year-old boy found dead after left ‘unattended’ in bath
A four-year-old toddler was left unattended in a bathtub and later found dead by his guardians at an apartment complex on McKinney Avenue on Tuesday.
