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Freeport’s restaurants 50% below break even
A typical restaurant in Freeport’s Port Lucaya Marketplace “regularly fails” to earn 50 per cent of what is required to ‘break even’ on a daily basis, the Government has been warned.
Gov’t agrees ‘few hundred thousand’ in VAT credits
The Government has approved “several hundred thousand dollars” of Value-Added Tax (VAT) credit refunds, a top official yesterday promising that businesses would not endure “a protracted wait” to receive them.
On deck and close to the action at the Battle of Jutland
101 years ago this weekend, Lt Robert Tatton Bower, of the Royal Navy, wrote a letter to his father, giving a first hand account of the largest World War 1 naval battle from aboard HMS Inconstant. Lt Bower’s descendants have Bahamian connections: his son Paul, came to the islands and was Publisher of The Nassau Guardian while his grandsons, Nigel and Bobby, are known business figures in Nassau.
Troubled broker in Judicial review against regulator
A BISX-listed firm’s broker/dealer subsidiary has filed a Judicial Review action against the Securities Commission of the Bahamas, over the regulator’s demand that it cease taking on new business and submit to a “solvency review”.
‘Buddy’ scorching hot on his return to court
Chavano Rainer ‘Buddy’ Hield returned to the basketball court for competitive play for the first time since the COVID-19 pandemic sidelined the NBA.
Prince Strachan has another standout performance
It WAS another standout performance from Prince Strachan in the regular season finale for the John Carroll High School Golden Rams football team. The junior wide receiver finished with five catches for a game high 94 yards and one touchdown in the Rams’ 35-3 win over Sebastian River on homecoming night in Port St Lucie, Florida.
PM insists resolution to the Baha Mar saga is ‘imminent’
PRIME Minister Perry Christie has said he believes the Export-Import Bank of China is prepared to present a possible buyer for the beleaguered $3.5 billion Baha Mar resort, as he declared a resolution to the Baha Mar debacle is “imminent”.
Basil Sands dies, aged 88
BASIL Sands Sr, the father of Health Minister Dr Duane Sands and Baha Mar Senior Vice President Robert “Sandy” Sands, died yesterday at the age of 88.The elder Sands, a celebrated accountant in his own right, was also the father of noted and respecte
‘Smooth sailing’: Resort’s $30m annual GB boost
Fears that a major resort development may have stalled were eased yesterday after it was revealed the project will generate a $30m annual boost for Grand Bahama’s ailing economy once fully operational.
Oil exploration unlikely to start this year
DRILLING for an exploratory oil well is unlikely to start this year, according to Bahamas Petroleum Company (BPC) Chief Executive Officer Simon Potter.
Ministry reveals revisions to High School Diploma
AFTER longstanding public outcry on the criteria of the Bahamas High School Diploma, the Ministry of Education announced on Friday several revisions that have been made.
Woman dies as car crashes into barriers on Munnings Rd
A WOMAN was killed yesterday morning when her burgundy 2013 Hyundai Elantra collided into road barriers on Munnings Road.Paramedics pronounced her, Garvanisha Anastasia Carey, dead on scene after attempting to revive her.The death prompted fresh crit
Treasury admits breaching 75% wage deduction limit
The Government was yesterday urged to “curtail” civil servant salary deductions to no more than a combined 40 per cent of total income, after the Auditor-General rapped the Treasury for allowing the current 75 per cent limit to be breached.
Smith leads the Hawks past Celtics 83-74
ATLANTA (AP) -- Josh Smith scored 22 points and grabbed 18 rebounds, leading the Atlanta Hawks to an 83-74 victory over Boston in Game 1 of the Eastern Conference playoffs last night, the final minute turning ugly when Celtics star Rajon Rondo was ejected
18 candidates running for BCP
THE Bahamas Constitution Party (BC) nominated 18 candidates for the May 10 general election, the fringe party said in a press release yesterday.
EDITORIAL: Bahamas, Gun Laws and Lessons of the Pittsburg Massacre
At 9:57 on Saturday morning, gunshots shattered the peace of Tree of Life Synagogue in a quiet section of Pittsburgh, Pennsylvania. Within minutes, in one of the oldest houses of worship in the United States, 11 people would be dead including a 97-year-old man who, determined to thank God for life, made it to the temple where he would die as he prayed. Police rushed into the line of fire. Four were injured as they captured and arrested 46-year-old Robert Bowers, a man poisoned by hate and armed with three Glock handguns and an AR-15 assault rifle. “I just want to kill Jews,” he screamed.
Active surveillance for prostate cancer
Prostate cancer will affect one in six men in their lifetime. Early detected low-volume, low-grade, early-stage prostate cancer has an excellent cure rate of 97 to 98 percent.
Customer loyalty needs more focus than adding sales
Customer loyalty is vital to the growth and longevity of any business. What is more, about 82 percent of companies agree it is cheaper to retain old customers than acquire new ones.
Aliv in ‘phenomenal position’ financially
The Bahamas’ new mobile operator is in “a phenomenal position” financially, having secured $186 million in start-up funding prior to this week’s planned capital raising.
$450m to make Nassau a truly sustainable city
Transforming Nassau and wider New Providence into a truly resilient, sustainable island demands a $450m investment spread over a 20-year period, a newly-released Inter-American Development Bank (IDB) report has revealed.
