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Prices 'through roof' on grocers' 20% VAT recovery
Food stores could recover as little as 15-20 per cent of their Value-Added Tax (VAT) ‘input’ costs under existing legislation, a leading retailer yesterday warning this would drive prices “through the roof” plus result in business closures and lay-offs.
FIFA U-15 CentroBasket: Two defeats for Bahamas
THE Bahamas’ team at the FIFA Under-15 CentroBasket Championships got a rude awakening in the first two games they played over the weekend at the Fernando ‘Rube’ Hernandez Coliseo in Gurabo, Puerto Rico.
Defence Force detains 112 migrants
THE Royal Bahamas Defence Force apprehended 112 undocumented Haitian migrants some 24 nautical miles west of South Point, Long Island on Thursday morning.
Exporter targets live China lobster approval by Xmas
A Bahamian seafood exporter yesterday said it expects to receive approval to export live lobsters by air to China before Christmas, adding that this market could ultimately surpass the US as its largest.
Richardson and Giants clinch the first postseason berth
Antoan Richardson and the San Francisco Giants were excluded from the MLB 2020 playoffs following a heartbreaking loss in the regular season finale, but left nothing to chance this season as they became the first team to clinch a postseason berth for the 2021 postseason.
Legal status for majority in shanty town census
MOST shanty town dwellers in unregulated communities across Abaco have legal status permitting them to reside in the country, according to Labour Minister Dion Foulkes, who yesterday revealed an estimated population size of around 3,500 residents.
Bahamas broker’s clients: ‘We’ll be left with nothing’
Deloitte & Touche liquidators and their attorneys have been awarded over $1m in costs despite clients of a collapsed Bahamas broker/dealer voicing fears this payment leaves nothing for them to recover.
Bahamas 6th overall after 75-50 loss to Guatemala
IT wasn’t what she expected, but head coach Varel Davis said her young team gave it their best shot, finishing as the sixth best team in the FIBA Under-17 Centrobasket Championship for Women.
Bahamian players shine in the NCAA
CONFERENCE play continues throughout NCAA Division I with several Bahamian players in action over the weekend.Travis Munnings continues his productivity and his back-to-back 20 point games helped the UM Warhawks recover from a four-game losing streak
BPC director blasts 'preposterous' action
A Bahamas Petroleum Company (BPC) director yesterday slammed "preposterous" environmental activists for seeking to block this nation from discovering whether it has natural resources to exploit.
'How could I compete' against 7 cents power?
A Bahamian businessman yesterday questioned “how am I supposed to compete” against foreign rivals whose all-in electricity costs are almost two-thirds lower than BPL’s fuel charge.Robert Myers, who also heads the Organisation for Responsible Governan
BEC Chairman joins SOS relief flight to hurricane-hit islands
LESLIE Miller, the chairman of BEC, got a first hand look at the destruction on some of the worst affected southern Family Islands which suffered a devastating direct hit from Hurricane Joaquin last weekend after he joined a relief flight on Saturday organised by the Tribune Media Group SOS - Save Our South initiative.
Court must back dismissal of top Baha Mar staff
Baha Mar’s senior management cannot be dismissed by the $3.5 billion project’s joint provisional liquidators without the Supreme Court’s permission, although regular employees can be released “in the ordinary course of business”.
Rollins ‘would consider’ running if FNM offered him nomination
AFTER saying he would not offer himself for re-election on the Free National Movement’s ticket, Dr Andre Rollins suggested yesterday that he would consider and potentially accept a constituency nomination if offered one by the FNM’s recently re-elected Leader Dr Hubert Minnis.
Don’t ‘reinvent the wheel’ over Abaco mega project
An Abaco realtor yesterday queried why the Government was “reinventing the wheel” with new multi-million dollar resort projects when existing ones were for sale at a fraction of these sums.
Gambling referendum to cost $5m
ABSOLUTE scandal! Obviously, National Security Minister Dr Bernard Nottage did not realise the Pandora’s box he opened this weekend with the announcement that the January 28 gambling referendum has cost the Bahamian tax payer about $5 million, especially as Prime Minister Christie — who is also Finance Minister — had some weeks earlier estimated a cost in the region of $1 million plus.
Joaquin drives ‘below average’ crawfish yield
The Bahamas Commercial Fishers Alliance’s president (BCFA) said yesterday that the 2015-2016 crawfish season is expected to have a below average yield, due largely to the devastation caused by Hurricane Joaquin to 20 per cent of the fishing fleet.
Angry hotel unions raise strike threat
Hotel workers were yesterday warned it would be “absolute madness” to further damage a tourism industry already “reeling” from Hurricane Dorian with industrial action during the peak winter season.
Boutique hotel on 'radar' for $200m development
A $200 million real estate development yesterday confirmed that a boutique hotel, while “on our radar”, was likely three to four years from being added to its product mix.
IMF urges Bahamas to stick to 50 percent debt ceiling
The International Monetary Fund has urged The Bahamas to keep to the 50 percent debt ceiling passed in 2018.
