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PM: $37m BTCIPO 'soon' held
PRIME Minister Hubert Ingraham said yesterday that the $37 million initial public offering (IPO) of a 9 per cent stake in the Bahamas Telecommunications Company (BTC) will be held "soon", adding that his administration was proud of its record in creating a "vibrant" shareholding society.
VAT slash ‘not reckless’ as revenues up $160m
The Ministry of Finance’s top official yesterday said the VAT rate cut “is not a reckless, populist act” as he revealed the Government has outperformed first half revenue targets by $160m.
Central Bank: No money laundering sign ‘on any scale’
The Central Bank says “there is nothing” to suggest money laundering occurs “on any scale” in The Bahamas based on its analysis of currency circulation trends.
Despite 20% sales growth, business 'ain't what it was'
A Bahamian businessman said yesterday he had seen “slight growth” of 20 per cent in sales at his Prince Charles Drive company, while noting that business “is not like it used to be”.
PM: VAT Rate to be lower than 15%
Prime Minister Perry Christie last night confirmed that Value-Added Tax (VAT) would be introduction at a lower rate than the initially proposed 15 per cent, with the implementation date also subject to potential change.
‘Totally devastating’: Water corp revenues shrink 61%
Hurricane Dorian and the COVID-19 pandemic have dealt a “completely devastating” blow to the Water & Sewerage Corporation’s cash flow with April revenues down 61 percent, its executive chairman revealed yesterday.
DIANE PHILLIPS: How many could have survived Dorian if they’d known how to swim?
The enormous economic toll of Hurricane Dorian continues to shake The Bahamas with Finance Minister Peter Turnquest this week confirming we were borrowing hundreds of millions more to help rebuild our devastated islands.
Barracudas champions of Atlantic Medical Invitational
EVEN though they got some welcomed competition from the visiting Surf Side Ocean Academy Aquatic from the Turks and Caicos Islands, the Barracuda Swim Club still emerged as the champions of their Atlantic Medical Invitational.
Bahamas to field its best team ever: FIBA Pre-Olympic qualifier August 14-20
With National Basketball Association’s DeAndre Ayton and Eric Gordon all committed to joining Chavano “Buddy” Hield and Kai Jones, the Bahamas is expected to field its best team for the Pre-Olympic Qualifier in Santiago de Estero, Argentina.
Temple Christian Suns are national track & field champions
FOR the third consecutive year, the Temple Christian Suns emerged as the champions of the Ministry of Youth, Sports and Culture’s annual Frank ‘Pancho’ Rahming National Primary School Track and Field Championships at the Thomas A Robinson Track and Field Stadium.
Family Island resorts suffer mixed Xmas
OCCUPANCIES at Out Island resorts for the Christmas period and into the New Year appear to be mixed, with one major property forecasting strong performance, while another said its guest business was in the
Bahamas secure hard-fought win over Panama
THE Bahamas men’s national team played with a lot of heart and grit right to the end, securing a hard fought 83-79 victory over Panama in the first of two games at home this weekend as the FIBA Americas World Cup Qualifier continued Friday night at the Kendal Isaacs Gymnasium.
96-year-old 'woken by crackling and smoke'
DORIS Smith, 96, was awakened by the sounds of “crackling and smoke” and her quick action helped to save not only herself but her caretaker from a fire at her residence in Pinedale, Eight Mile Rock. The cause of the fire is unknown and fire officia
Big names in Bahamas team for FIBA World Cup Qualifiers
The Bahamas Basketball Federation has announced the 24-member preliminary squad for the men’s national team as they prepare for the third window of FIBA World Cup – Americas Qualifiers.
Rolle fails to make the cut
It wasn’t so much the windy conditions as it was her putting that made it difficult for Bahamian exemption player Georgette Rolle to improve on her performance as she ended up at the bottom of the 108-player field at the Pure Silk-Bahamas LPGA Classi
Shockers seal 96-68 victory over Rockets
THE Real Deal Shockers clinched their berth in the New Providence Basketball Association Division One Vince Ferguson final by routing the Rockets in game three of their best-of-three playoffs.
ONE ELEUTHERA: Meatless Mondays – reducing meat in your meal can impact climate change
I DON’T know about you, but it sure feels extra hot to me these days! As a farmer, I pay particular attention to the weather here in The Bahamas. While it does feel particularly hot here this summer, the statistics are now in and show that this is not just a local phenomenon.
City Markets staff allege 'conspiracy'
TEN Grand Bahama-based City Markets employees are alleging that the company and its principals deliberately altered their employment terms to "coerce and compel" them to leave voluntarily, thereby relieving the supermarket chain of the need to pay them severance and pension benefits.
PLP Chairman: Sarkis is ‘anti-Bahamian’
PLP Chairman Bradley Roberts has accused Baha Mar CEO Sarkis Izmirlian of being “anti-Bahamian,” adding that the developer is “obstructing” the completion and opening of the Cable Beach project for his own gain.
Talks ‘best plan’ for Baha Mar
TOURISM Minister Obie Wilchcombe yesterday pointed out that the Supreme Court’s decision to limit the authority of provisional liquidators for Baha Mar was proof that the best solution for the stalled mega resort was at the negotiating table.
