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Nassau/PI resort room revenues decline 7.4%
The Bahamian economy remained “relatively flat” in September, the Central Bank of the Bahamas revealing yesterday that Nassau/Paradise Island hotel room revenues were down 7.4 per cent year-to-date for the first nine months of 2013.
Gov’t ‘definitely’ beat first $150m VAT goal
Value-Added Tax (VAT) “definitely” generated more than the $150 million net revenue increase targeted for the 2015 first half, a top official yesterday revealing that June’s compliance rates matched those for the first quarter.
Celtics hold off Kings 103-102 despite Hield’s 41 points
BOSTON (AP) — Jaylen Brown scored 24 points, Jayson Tatum had 20 and the Boston Celtics held off the Sacramento Kings 103-102 despite a career-high 41 points from Buddy Hield last night.
Bahamas urged: Target 80% in next aviation safety audit
The Bahamas must target a “high 70s-80 percent score” on its next aviation safety audit and match the world’s best, an attorney said yesterday, adding: “We’ve made great strides in a short span of time.”
SuperGreen Solutions: Summer school on electricity savings
School is back in session, which means summer will soon be on its way out and fall will follow.
‘Mind blowing’: Under 4,000 firms face paying VAT
Under 4,000 Bahamian companies would likely face having to pay a Value-Added Tax (VAT), a Cabinet Minister describing as “mind blowing” the fact over 85 per cent of businesses might be exempt.
A gift for Kaylee to help treat diabetes at home
SIX-year-old diabetic Kaylee Hanchell will be able to have her blood sugar levels diagnosed at home after the donation of a life saving device by CIBC FirstCaribbean International Bank.
NHI $1,000 cost 'not pulled from out of thin air'
THE National Health Insurance Authority’s (NHIA) chairman yesterday defended the $1,000 premium costing for its basic package, arguing it had not been “pulled out of thin air”.
Loan delinquencies up $92m as tourism arrivals totally dry-up
Mortgage and consumer loan delinquencies soared by $91.8m in two months as tourist arrivals to The Bahamas dropped 98.4 percent year-over-year for October, the Central Bank has revealed.
Gov't urged: 'Follow paper trail' to stop fisheries poaching
FISHERMEN said yesterday there was “absolutely no doubt” that Dominicans were carrying out “well funded” poaching operations in Bahamian waters, the head of the Bahamian Commercial Fishers Alliance urging authorities to simply “follow the paper trail”.
PETER YOUNG: How sad for the Queen that Harry and Meghan should walk away
Last week’s bombshell announcement by the Duke and Duchess of Sussex that they had decided to step down as full-time senior royals came suddenly and as a surprise to most people. Buckingham Palace insiders are apparently still reeling from the news despite some saying the signs of Harry and Meghan’s discontent with their existing roles as members of the Royal Family had become increasingly evident, though not to the general public.
HUBERT EDWARDS: Reigniting the debate on Bahamian taxation
This will be a very interesting year economically. Continued COVID-19 headwinds, the first true Budget from the new administration and, consequently, the change in “ownership” of prevailing policy positions will definitely cause a shift in perspective.
Awards for top athletes
More than 100 athletes have been nominated for the various categories when the Bahamas Association of Athletic Associations (BAAA) selects its 2012 Athletes of the Year during the Awards Luncheon at the Sheraton Nassau Beach Resort on Sunday.
37% deficit rise creates new Govt ‘straitjacket’
A 37 per cent year-over-year fiscal deficit increase yesterday prompted the Opposition’s finance spokesman to warn that the next government will find itself “in a tight straitjacket with little room for manoevere”.
COVID collapse sparked rare $1.7bn ‘dual deficit’
Tourism’s “collapse” at COVID-19’s peak “exposed the fragility” of The Bahamas’ current economic model by producing rare twin goods and services trade deficits worth a combined $1.7bn.
Mavs rout Suns, force Game 7
DALLAS (AP) — Luka Doncic scored 33 points and the Dallas Mavericks beat the Phoenix Suns 113-86 last night to force a Game 7 in the Western Conference semifinals.
Most Eleuthera firms suffer 90% drop-off
Eleuthera’s private sector yesterday called for an 18-24 month construction sector tax break package after the national lockdown caused a “greater than 90 percent” drop-off for most businesses.Thomas Sands, president of the island’s Chamber of Commer
FINANCIAL FOCUS: The looming pension gap
Last Monday, both daily newspapers carried stories about our looming pension crisis which seemingly continue to fall on deaf ears. This is a topic which I, and others, have been warning of for years… yet nothing tangible has been done.
External shocks cause for a ‘special situation’
The Bahamas is “in a special situation” due to its high vulnerability to natural disasters and economic shocks, a trade specialist said yesterday, with imported goods ten times’ higher than exports.
How the Internet has changed the way we buy property
The worldwide web may have dramatically transformed the property hunting process but, Mario Carey says, the dependence on a trusted professional with local knowledge has only increased.
