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Project to unlock handicraft sector being squandered

An award-winning electronic platform intended to unlock $6 million in annual sales for Bahamian indigenous “treasure” is in danger of being squandered, its key architect has warned.

Gov’t ‘definitely’ beat first $150m VAT goal

Value-Added Tax (VAT) “definitely” generated more than the $150 million net revenue increase targeted for the 2015 first half, a top official yesterday revealing that June’s compliance rates matched those for the first quarter.

‘Full steam ahead’ on $30m project relaunch

Construction on a ‘relaunched’ $30 million Cable Beach development is “moving full steam ahead”, its principal disclosing that 150 workers will be employed at the project’s peak.

Pension providers enjoy ‘significant’ 100% inquiry rise

Pension plan administrators yesterday said they had seen a 100 per cent increase in employer inquiries over the past 12 months, describing the surge as “significant” given existing low participation levels.

Robinson wins Bahamas Professional Golf Association’s Korn Ferry Qualifier

BOOKS ANOTHER TRIP TO THE GREAT EXUMA CLASSIC

DEVAUGHN Robinson booked another trip to the Great Exuma Classic by winning the Bahamas Professional Golf Association’s Korn Ferry Qualifier by five strokes on Monday at the Ocean Club Golf Course on Paradise Island.

Oil spotted in ocean off Abaco

OIL has been spotted in the ocean near Abaco and may have impacted parts of the coastline, days after an oil spill occurred in Grand Bahama.Equinor, which operates the South Riding Point storage and transshipment terminal in Grand Bahama, said the so

AG: ‘False parallel’ over web shop tax EU fears

The attorney general yesterday slammed as a “false parallel” suggestions that the web shop industry’s tax hikes will violate the European Union’s (EU) anti-tax evasion demands.

Expert warns fraud is common in the Bahamas

A certified Bahamian fraud examiner said fraud is common in the Bahamas and that people are finding ways to come up with more “complex and diversified” fraudulent schemes.

‘Highly probable’ most of $900m tax debts seized

The Ministry of Finance’s top official yesterday said the Large Taxpayer Unit is “just the start” of major reforms as he revealed it is “highly probable” much of $900m in past due taxes will be collected.

BPL to raise $100m in fiscal 2017-2018

Bahamas Power & Light (BPL) plans to raise $100 million in new debt financing during the 2017-2018 fiscal year, it was revealed yesterday, and is working on a new tariff structure and customer debt forgiveness.

Stung, tired and in hospital - but swimmer sets world record

ULTRA-marathon Australian swimmer Chloe McCardel carved her name into the history books early yesterday by swimming almost 80 miles unassisted from the southern tip of Eleuthera to New Providence – but spent the day in hospital as a result of severe jellyfish stings.

Gov't eyes $138m spending slash

The Government is moving to cut recurrent spending projections by 5.6 per cent for the current fiscal year to compensate for a $120 million drop in revenues, with a Wall Street analyst yesterday saying execution would be “key” if it was to hit is deficit/debt reduction targets.

Provider offers $500-$600m waste to energy plant

A Bahamas-based renewable provider is offering to build and operate an estimated $500-$600 million plasma waste-to-energy plant at the New Providence landfill, creating 400-500 full-time jobs, in the process.

GB Power findings dismissed as ‘fluff’

A well-known retailer locked in a Supreme Court battle with the Grand Bahama Power Company (GBPC) yesterday dismissed the report on its metering/billing practices as “fluff” and a whitewash, although he and the island’s major industrial players would accept a one-third reduction in electricity rates.

INSIGHT: The Abaco tragedy tells us it’s time for the gloves to come off

TRAGEDY struck as a vessel carrying more than 80 Haitian immigrants attempting to illegally enter The Bahamas shipwrecked in waters off Abaco. With the death toll up to 31 and only 18 of the migrants on this journey reported rescued, the number of fatalities seems certain to increase as search and rescue efforts continue for another 34 passengers still missing.

NP real estate sales value off 45 per cent during Q3

The total value of New Providence real estate sales on the Bahamas Multiple Listing System (BMLS) dropped 45 per cent quarter-over-quarter in the three months to end-September, the industry yesterday unveiling its initiative to boost “market transparency” and real time data access.

The Tribune

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