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Boating industry watches for VAT yacht charter ease

A former Association of Bahamas Marinas (ABM) president says the industry is "eagerly" waiting to see if the VAT on yacht charters is adjusted in today's Budget as he blamed its imposition for a 20 percent gross revenue fall at his business.

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AML’s ‘20% shrink’ drives profit tripling

A BISX-listed food retail group yesterday said it had slashed shrinkage by 20 percent compared to the first half as it closed its 2019 financial year by more-than tripling final quarter profits.

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Eric Wiberg – 20 accidents at sea off New Providence

NEW Providence saw over 20 World War II aircraft ditch, crash, and explode into its adjacent waters. Most of these were to the south of the island, east, and north, and depended on direction of the winds, which air field was used, and complex night-time exercises using extremely bright Leigh Lights, and flying in formation. Mechanical failures from aircraft just delivered from American factories played a role as well.

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Opening Bahamian bank accounts ‘totally insane’

A PROMINENT accountant yesterday blasted “it’s crazy, absolutely insane” that Bahamian businesses face an average wait of more than two months to open a bank account compared to “20 minutes” in the US.

T-Bird Flyers Classics sees more CARIFTA qualifiers

The 32nd T-Bird Flyers Track and Field Classic was a success not only for event organisers but also athletes vying to compete at the 2024 CARIFTA Games scheduled to take place in St George’s, Grenada.

Boat registration fee hikes ‘not a tax grab’

The significant hikes in boat registration fees are not designed “as a tax grab”, the New Providence Port Authority’s chairman asserted yesterday, adding that the new regime will be a “game changer” for compliance and competitiveness.

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Runners come out in support of Jonique Webb

On Saturday, persons from all walks of life showed up to lend their support to former Jordan Prince Williams High School multiple athlete Jonique Webb in her battle against lupus.A ‘Fighting Lupus, Finding Hope - Jonique’s Beast Mode’ run/walk race w

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Teams eliminated on day 4 of Hugh Campbell Classic

IT was mass elimination day on day four of the 38th Hugh Campbell Basketball Classic as the tournament field continues to dwindle ahead of this weekend’s pool championships.

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DIANE PHILLIPS: The Great Resignation – is The Bahamas vulnerable?

ALL the talk about everything COVID has made us weary.

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VAT cut’s ‘modest’ jobs, growth effect

Cutting the VAT rate to 10 percent will cause “only slight improvement” in job creation and economic growth, a University of the Bahamas (UoB) study asserts, while advocating it still “be pursued’.

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Keyshawn Strachan: ‘I tried my best’ at World Under-20s

IT wasn’t what he anticipated, but men’s national javelin record holder Keyshawn Strachan is hoping that his experience at the World Athletics Under-20 Championships in Nairobi, Kenya, on Friday will be the impetus to get him ready for his return to the global stage next year.

Freeport revival ‘as real as it’s been for 20 years’

Freeport realtors yesterday revealed “a 360 degree turn” in buyer activity in recent weeks due to the prospect of an economic revival that is “as real as it’s been for 20 years”.

Clubs and Societies 09232016

Cycling Club Bahamas. - Weekday rides, East, morning: Tuesday & Thursday leaving 5am sharp from Sea Grapes Shopping Centre, East Prince Charles Drive. This ride is a 17-mile loop to the Northbound Paradise Island Bridge and back again (Both bridges are sometimes incorporated depending on available time). Open to riders capable of 18+mph for 1 hour. Lights are essential.

OECD attacks like ‘unofficial blacklisting’ of the Bahamas

A former finance minister says the recent OECD-inspired media onslaught against the Bahamas is akin to an “unofficial blacklisting” of its financial services industry, describing the situation as “a new form of international colonialism”.

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Tour providers suffer 50% crime alert drop

Bahamian tour and excursion providers yesterday revealed a 50 percent across-the-board business decline because tourists “don’t want to leave the hotel or ship” due to crime fears.

Opposition fearing revenue loss on corporate tax delay

THE Opposition’s leader yesterday voiced concern The Bahamas may miss out on significant tax revenues, and lose business, from delays in implementing the 15 percent minimum global corporate tax.

Clico liquidator targeting extra $20M from key asset

CLICO (Bahamas) liquidator is aiming to raise another $20 million before closing the sale of its main asset, a sum that would enable him to hit his $50 million target “pretty much spot on”.

Poultry producer in 70% output fall

An Abaco poultry producers yesterday said its production levels have fallen 70 per cent due largely to a “softening”  of sales in New Providence.

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Morley makes history in international rowing

Emily Morley made Bahamian history when she competed in the W1x (Women Singles) at the FISA Olympic Qualification Regatta at Laguna de Curauma March 13-24 in Valparaiso, Chile.

Soweto Choir to perform in Parliament Square

THE world famous Soweto Gospel Choir of South Africa will sing songs of freedom in Parliament Square today, in celebration of The Bahamas’ role in freeing former South African President Nelson Mandela from prison.