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BAIC acquires $400,000 feed mill in first phase of Golden Yolk Project

BAHAMAS Agricultural Industrial Corporation executive chairman Leroy Major said the government acquired a $400,000 animal feed mill for the first phase of its Golden Yolk Project and the development of the Bahamian egg industry.

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Ministry of Housing looking to redevelop abandoned homes into affordable housing

HOUSING Minister Keith Bell said his ministry wants to introduce a pilot programme to redevelop abandoned properties and transform them into affordable housing areas.

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Cable urges industry unity on URCA ‘budget travesty’

CABLE Bahamas is urging its rivals to join the battle against “this travesty in budget increases” for the sector’s regulator whose downtown Nassau headquarters it branded an “albatross”.

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Gov’t’s $2.5m elevator cost ‘quite exceptional’

THE Bahamian Contractors Association’s (BCA) president says spending $2.5m to replace an elevator at the Government’s Cecil Wallace-Whitfield Centre is “quite exceptional”, and asked: “Is it made of gold?”

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Sears unveils plan for NIB rate increase

ALFRED Sears, Minister of Immigration and National Insurance announced that NIB rates will increase by 1.5 percent effective July 1.

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Sears confirms 1.5% increase in rate on July 1

NATIONAL Insurance contribution rates will increase by 1.5 per cent on July 1 and rise by that amount every two years for the next 20 years, Immigration and National Insurance Board Minister Alfred Sears said yesterday. However, last night, the Office of the Prime Minister said only the rise for July 1 this year was confirmed - with no decision yet taken on future years.

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GOVT SEEKS TO EASE FEARS OF 26.3% NIB: PM’s Office responds to concerns contributions ‘like income tax’ by 2044

The Prime Minister’s Office last night sought to quell fears that the total National Insurance Board (NIB) contribution rate will hit 26.3 percent in 2044 and become “equivalent to an income tax”.

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Man ordered to 250 hours of community service for stealing $1800 from Starbucks

A 20-year-old man was ordered to serve 250 hours of community service after admitting to stealing $1,833.75 from Starbucks at Cable Cottage over a period of three months.

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American tourist fined $800 for having drugs

AN American tourist was fined $800 yesterday after admitting to having marijuana and amphetamines at the airport earlier this week.

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Queen’s College Comets take the lead on day two

BAISS TRACK & FIELD CHAMPIONSHIPS

The intensity levels rose on day two of the Bahamas Association of Independent Secondary Schools (BAiSS) Track and Field Championships as the Queen’s College Comets gained some ground in the team standings to take the lead yesterday at the original Thomas A Robinson Stadium.

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Bus and taxi drivers to see fare increase within weeks

TRANSPORT and Energy Minister JoBeth Coleby-Davis said bus and taxi drivers can expect to increase their fares in the coming weeks.

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No BPL ‘rush job’ trap on billion-dollar needs

THE Government must not allow Bahamas Power & Light’s (BPL) “dire” billion-dollar needs to trap it into an energy reform “rush job”, a former Chamber of Commerce head urged yesterday.

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PM’s ‘line in the sand’ on wealthy tax evaders

THE Prime Minister yesterday doubled down on his pledge of no “new taxes that will directly impact Bahamian families” while asserting that the Government has “drawn a line in the sand” on tax evaders.

Taxi and bus fare increases coming - but first quarter target ‘missed’

INCREASES in fares for taxis and buses will be included in the “coming weeks”, according to Minister of Energy and Transportation JoBeth Coleby-Davis.

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Pintard: Deficit ‘will be $400m or higher’

The Opposition’s leader yesterday predicted the Government’s full-year fiscal deficit will be “around $400m or higher” as the Prime Minister stuck to an original forecast that is less than one-third that amount.

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Sailors show out at KPMG Winter Youth Sailing Championship

THE KPMG Winter Youth Sailing Championship was a rousing success over the weekend at the Nassau Yacht Club.

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‘Impeccable’ Heroic timing: $7.1m plant ‘well worth it’

A GRAND Bahama concrete plant’s $7.1m investment is “well worth it” despite exceeding budget given the “impeccable” timing of yesterday’s ready-mix production launch.

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International certification for GBPA department

THE Building and Development Services at the Grand Bahama Port Authority received ISO 9001 certification, a globally recognised standard for quality management.

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Supreme Court takes over PharmaChem’s liquidation

The liquidation of PharmaChem Technologies has been placed under the Supreme Court’s supervision due to the company’s massive insolvency, Tribune Business can reveal.

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Man charged with rape of a woman in December remanded

A 32-year-old man was taken into custody after allegedly attempting to rape a woman in December.