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'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
Insurer 'praying' Abaco 90% paid in six months
A top Bahamian insurer was yesterday “praying” that 90 percent of Abaco’s Dorian-related claims will be paid out within the next six months given the scale of the island’s devastation. Anton Saunders, RoyalStar Assurance’s managing director, told Tr
Electric vehicle dealer targets sales doubling
A Bahamian electric car dealer yesterday voiced optimism that it will “double” year-over-year vehicle sales in 2022 having just placed a record 100-strong order with its Chinese supplier.
Resorts set for ‘over 90%’ Thanksgiving occupancies
Major Bahamian resorts are set to enjoy occupancies “in excess of 90 percent” over the Thanksgiving holiday, a top hotelier disclosed yesterday, adding: “We’re not looking back.”
Nassau ‘leads Americas’ on cruise ship port visits
Nassau Cruise Port is handling “more cruise ships than any port in the Americas”, its chief executive said yesterday, adding that “we’re well on our way to climbing out” of COVID’s devastation.
Govt ‘strained’ by first non-profit bill
The Government would have placed increased “financial strain” upon itself had it gone through with the initial Non-Profit Organisations Bill version, sector representatives warned.
Web shop tax hikes ‘in our best interests’
The web shop industry tax hikes are in “the best interests of the Bahamian people” due to the social costs the sector imposes, a Cabinet minister argued yesterday.
Govt can save $80m by ‘verifying’ workers
The Bahamas Public Services Union’s (BPSU) president yesterday suggested the Government’s ‘employee verification’ exercise could slash recurrent spending by around $80 million.
‘No room for failure’ on auto tax exchange
The Bahamas “has no room for failure” in implementing automatic tax information exchange, a prominent QC warned yesterday, adding that it would be “extremely prejudicial” to this nation’s interests to miss the 2018 launch date.
EDITORIAL: Bahamians – understand the past to find the future
PHILIP “Brave” Davis, who now heads an Opposition of three members in an FNM parliament, although admitting that his party made mistakes during its five years in office, saw no reason to apologise to anyone for those “mistakes”. Not only was he not going to apologise, but he wanted Bahamians to note that after only three months in office the FNM have shown that they have no plans to eradicate crime.
Bahamas ‘grew’ stopover market share during 2012
Hotel industry leaders yesterday disputed Moody’s assertion that the Bahamas had lost stopover visitor market share to Caribbean rivals, saying this nation “held or slightly increased” its share in 2012 - a year that 1.35 million air arrivals made the best since 2008.
Warning of lower growth than forecast
The International Monetary Fund (IMF) yesterday slashed its 2013 economic growth forecast for the Bahamas by 80 basis points, prompting an Opposition MP to urge: “We have to find new ways to grow this economy.”
VAT not mandatory for 15,000 firms
More than 80 per cent of Bahamian companies, numbering more than 15,000, will not be mandated to pay Value Added Tax (VAT), with financial services and health/education among the industries exempt from paying it.
Pension providers enjoy 'significant' 100% inquiry rise
By NEIL HARTNELL
Carrier's $40m spend waits on Gov't approval
A Bahamas-based communications provider will invest at least 80 per cent of its planned $50 million capital expenditure programme in this nation, once the Government approves its majority acquisition by an international player.
Senate’s vice-president attends trade conference
THE Senate’s vice- president represented The Bahamas at a recent trade and economic conference in his role as the Trade Commission’s deputy chairman.
Arizona Fall League: Chisholm, Fox win on opening day
LUCIUS Fox and Jazz Chisholm continue their 2018 season in the Arizona Fall League and their respective clubs took wins on opening day yesterday.Fox hit leadoff for the Peoria Javelinas and finished 2-5, with two stolen bases and two runs scored in a
Evans says Aliv will not steal major market share from BTC
BAHAMAS Communications and Public Officers Union President Bernard Evans yesterday dismissed assertions that newcomer Aliv will steal a significant market share from the Bahamas Telecommunications Company, charging that the former’s initial success is merely the result of “restrictions” placed on BTC by regulators to give Aliv “some advantage” to “get in the game”.
Aliv’s pay-per-second rates aim to cut customer costs
THE Bahamas’ second mobile operator yesterday promised to deliver superior customer service and “phenomenal” plans, as it outlined pay-per second call rates and “no contracts” as key components of its new mobile services offering.
Jones expresses interest in Slam Dunk Contest
KAI Jones’ youthful exuberance was one of the highlights of Charlotte Hornets’ media day.
