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$170m project must stop Exuma’s south ‘dying out’
EXUMA’S private sector says the $175m Torch Cay project is urgently needed to prevent the island’s southern end from “dying out”.
Men’s national soccer team split games
AFTER winning their opener by a pair of goals, the Bahamas men’s national soccer team lost by one to the Turks and Caicos Islands in the second game of their two friendly matches played over the weekend at the Thomas A Robinson National Stadium.
Gov’t touts 26% VAT rise despite rate cut
The Ministry of Finance’s top official has touted a 26 percent VAT revenue increase, compared to pre-COVID numbers, for the first two months of calendar 2022 as a signal that the rate cut has not impacted government revenues.
BNT director supports govt move on carbon credits
THE director of Bahamas National Trust has applauded the Davis administration’s pledge to become the first country to sell blue carbon credits and to generate at least 30 percent of the country’s energy from renewable sources by 2030.
Austin Knowles to walk free in six years
CONVICTED Bahamian drug smuggler Austin Knowles will spend just over six years in prison and forfeit $1m for his role in an international conspiracy and drug trafficking scheme in 2002.
Hotel chief hits out at ‘parasitic’ union leaders
THE Hotel Corporation’s chairman yesterday attacked “some parasitic” union leaders, arguing that their “extortionate, outrageous and crippling methods” pose a threat to The Bahamas’ economic welfare.
IDB: Road overruns 'exceed expectations'
The size of the $239 million New Providence Road Improvement Project’s cost overruns “exceed usual expectations”, the Inter-American Development Bank (IDB) has admitted, agreeing that Bahamian contractor capacity needs to be assessed when drawing up major infrastructure contracts.
Fiscal deficit up 24% to end-May '12
The Government’s fiscal deficit for the first 11 months in its 2011-2012 fiscal year rose 24 per cent year-on-year to $293.8 million, as spending - and the size of government - outpaced a 4.5 per cent improvement in tax revenues.
Colina drops interest in CLICO (Bahamas)
COLINA Insurance Company has dropped its interest in acquiring CLICO (Bahamas) policy portfolio, Tribune Business can reveal, due to concerns over whether supporting back office data could be successfully obtained from the insolvent insurer's Trinidadian affiliate.
VAT 'not total' tax reform answer
VALUE Added Tax (VAT) is not the complete solution to the Bahamas' taxation reform needs, this nation's leading World Trade Organisation (WTO) negotiator yesterday warning that changes also needed to encourage targeted investment and be trade agreement-compliant.
BISX listing becomes 'recognised standard'
THE Bahamas International Securities Exchange (BISX) is becoming the "recognised independent standard" for valuing securities in this nation, its chief executive dismissing concerns that prices for stocks and other instruments were being distorted by one-off trades.
Consolidated Water expected to close on water deal ‘very soon’
BISX-listed Consolidated Water said that it expects to ‘very soon’ close the deal for a 50/50 joint venture 25-year water exclusivity franchise for western New Providence, its President and Chief Operating Officer saying that the company had anticipated closing the transaction on or by June 30.
Cable 'a bit surprised' at 55% energy bill rise
CABLE Bahamas yesterday said it was "a bit surprised" by the unseasonal 55 per cent electricity cost increase it suffered during its 2012 first quarter, although this was offset by a 23 per cent revenue rise driven by its new fixed-line voice business.
Mixed feelings after the vote
MARSH HARBOUR, Abaco – North Abaconians are having mixed feelings on the outcome of Monday’s historic by-election which saw the Progressive Liberal Party recapture the seat held by the Free National Movement for 35 years.
GSSSA soccer season rolls on
THE Government Secondary Schools Sports Association (GSSSA) soccer season continued for the junior and senior divisions yesterday at the CH Reeves, DW Davis and CV Bethel soccer fields.
Bahamians must pay for benefits they want
A prominent financial analyst says Bahamians cannot expect to remain “a low tax jurisdiction” while expecting to enjoy the same social security benefits as developed nations.
Who gains from a long war?
Greed is an antidote to good judgment. The profit-oriented military industrial machine that drives western countries to pursue endless wars is simply incapable of sensitivity to the fact that, thanks to its antics, the world is now closer to self-destruction than at any point during the Cold War, which ended in 1989.
PM's mid-year budget communication: Revenue is up
PRIME Minister Phillip “Brave” Davis said for the first six months of the year, revenue collections are estimated at $1.2bn, which represents a $111.5m increase over the same period in the previous fiscal year.
Laroda again puts case for action on NIB funds
MYLES Laroda, state minister with responsibility for the National Insurance Board, yesterday continued to advocate for increased contributions for the agency’s fund to avoid an $98m loss this year.
