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Govt mulling $1m investment floor for permanent residency
The government is eyeing a $1m minimum for investors to qualify for economic permanent residency by making non-real estate investments in The Bahamas, a Cabinet minister revealed last night.
Water Corp sees cash collections decline by $6m
The Water and Sewerage Corporation continues to endure COVID-19’s “devastating impact” on cash collections which have decreased by 24 percent or nearly $6m year-to-date, its executive chairman said yesterday.
Fisheries exports enjoy 19% value increase in 2020
Bahamian fisheries generated a 19 percent increase in the value of its export earnings in 2020 despite a reduction in the volume of domestic landings, a Cabinet minister disclosed yesterday.
Kalik maker’s loss doubles as revenues decline 15%
Commonwealth Brewery yesterday blamed a 15 percent year-over-year revenue decline for its 2021 first quarter loss more than doubling in comparison to 2020 figures.
Port’s $31m refinance eliminates tariff rises
Nassau’s major cargo port says it has eliminated the possibility of any tariff rate increase by agreeing a refinancing of its near-$31m preference share debt that will slash interest costs by some $4.5m.
Ayton and Suns advance to West Finals
A season of historic milestones will continue for Deandre Ayton and the Phoenix Suns in the Western Conference Finals.
Marlins celebrate rising star ‘Jazz’ Chisholm Jr and Bahamian Heritage Night
THE Miami Marlins celebrated rising star Jazz Chisholm Jr and “Bahamian Heritage Night” at Loan Depot Park with a 4-2 win over the Atlanta Braves.
PM suggests expanded benefits for those fully vaccinated
PRIME Minister Dr Hubert Minnis suggested on Friday that fully vaccinated people could soon begin experiencing a variety of expanded benefits, including permission to go out at night after the 10pm curfew.
Tax breaks renewal ‘definition of insanity’
An ex-deputy prime minister yesterday likened the blanket five-year renewal of all tax breaks under the City of Nassau Revitalisation Act as akin to “the definition of insanity”.
Housing Act reforms ‘invite legal challenge’
An ex-deputy prime minister yesterday warned that legal reforms to facilitate Dr Hubert Minnis’ “young professionals” real estate developments are “discriminatory” and “invite legal challenge”.
Cut public sector? Actually we hired 2,400
THE Minnis administration, which came to power promising to right-size the civil service after the Christie administration hired scores of people, has made at least 2,402 people permanent members of the civil service and has promoted more than 1,600 people throughout government since taking office.
‘HOUSING PLAN JUST ISN’T FAIR’: Turnquest’s challenge to PM’s pet project on affordable homes
FORMER Minister of Finance Peter Turnquest has criticised Prime Minister Dr Hubert Minnis’ housing programme for western New Providence, calling the legislation to facilitate it “inherently discriminatory” and open to a court challenge.
Criminal records of 28 expunged - with 85 pending
NATIONAL Security Minister Marvin Dames said the Bahamas Rehabilitation of Offenders Committee has expunged the criminal records of 28 people to date, with 85 applications pending.
Murders up by 52%
MURDERS and armed robberies jumped by 52 percent and 42 percent this year compared to the same period last year, National Security Minister Marvin Dames said yesterday.
Cascarilla ‘game changer’: Project receives 100 acres
An Acklins co-operative is to receive more than 100 crown land acres to facilitate a $1.4m “game changer” in developing a cascarilla industry in The Bahamas.
Ayton and Suns beat Nuggets, take 2-0 lead
Deandre Ayton has drawn two of the toughest individual assignments of any player in the NBA playoffs with the Los Angeles Lakers’ Anthony Davis in round one and the newly minted league MVP, Nikola Jokic of the Denver Nuggets, in round two.
Collegiate Baseball magazine names Stuart Freshman All-American
DAUNTE Stuart received another postseason accolade for his freshman season of milestones with the Northwestern State Demons Baseball programme.
Mike Strachan ‘fits that wide receiver profile’
MIKE Strachan had a promising performance at Indianapolis Colts’ Organised Team Activities (OTAs) and had an opportunity to get repetitions with the first team on the field.
‘Win for common sense and sanity’
The Grand Lucayan’s chairman yesterday hailed a Supreme Court verdict dismissing wrongful/unfair dismissal claims by 36 current and former managers as “a victory for common sense and sanity”.
Black Lives Matter ‘hypocrites’
American political writer Kenneth R Timmerman claimed in his hard-hitting exposé of Rainbow PUSH Coalition founder and African American civil rights activist Jesse Jackson, Sr, that Booker T Washington forewarned that there will come a time when hucksters will seek to enrich themselves at the expense of the Negro population.
