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Gas stations argue Business Licence 'further strangles' us
The Bahamas Petroleum Retailers Association's vice-president says he backs the introduction of a corporate income tax to replace Business Licence fees that "further strangle us".
Samuel P Haven Junior High Schools Soccer Nationals
THE Samuel P Haven Junior High Schools Soccer Nationals returned to the Roscow A L Davies soccer field for the third consecutive day. Yesterday’s trio of games saw the girls of Lyford Cay International School take on the Anatol Rodgers Timberwolves.
Bank shrugs off $2.8m fee rise to 'beat target by 54%'
Commonwealth Bank yesterday revealed its $19.58m first quarter profits "exceeded expectations by 54 percent" despite having to contend with a more than one-third year-over-year increase in licence fees.
Craig Flowers and FML face winding-up petition
FML's ex-chief operating officer has filed a Supreme Court petition to have the web shop chain wound-up as his five-year legal battle with Craig Flowers escalates into a new phase.
Corporate tax plan 'dead on arrival' unless wider reform
The Government's corporate income tax consultation will be "dead on arrival" if it does not involve a "holistic" approach to comprehensive Bahamian tax reform, a prominent banker warned yesterday.
Super Value president: 'Things aren't flowing'
Super Value's president says that, while profit-based taxation "would be favourable" for food retailers, the Government must first prioritise the ease of doing business because "things aren't flowing like they should".
Revenue surge to $274m via corporate tax switch
The Government could near-double pre-COVID business taxation revenues if it were to implement a 15 percent corporate income levy across-the-board on all entities bar those generating less than $500,000 in annual turnover.
CORPORATE TAX PLAN REVEALED: Govt favours proposal of 10-12 percent rate for most businesses
The Government is leaning towards reforms that will see most Bahamas-based businesses pay a "modest" corporate income tax of either 10 or 12 percent with the only exception being small firms earning less than $500,000 annually.
DPM urges Atlantis: 'Put money where mouth is'
The Deputy Prime Minister yesterday invited Atlantis to “put their money where their mouths are" and team with the Tourism Development Corporation to help drive downtown Nassau's revival.
GSSSA sudden death playoffs underway
With the soccer nationals looming in the background, the junior and senior teams sudden death playoffs kicked off yesterday for the Government Secondary Schools Sports Association (GSSSA).
Elon Musk's Starlink will 'raise bar' in Out Islands
Family Island companies yesterday voiced optimism that Elon Musk’s Starlink satellite Internet service will “raise the bar” by giving them access to more reliable and affordable communications that are essential to their competitiveness.
Cable 'accelerates' fibre due to Elon Musk threat
Cable Bahamas is "accelerating" the roll-out of its fibre-to-the-home network infrastructure in response to the competitive "threat" posed by Elon Musk's Starlink, its chief executive revealed yesterday.
WORLD VIEW: Decimation of vulnerable nations inevitable if global warming continues on present trend
JOHN Kerry, former US Secretary of State and current US Special Envoy on Climate Change matters, told the world’s Ambassadors at a meeting in Washington, on May 10, that “there is no way” of keeping the rise in global temperatures to 1.5 degrees Celsius unless CO2 emissions are drastically reduced.
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.
BTC suffers modest Q1 revenue, subscriber fall
The Bahamas Telecommunications Company (BTC) was yesterday revealed to have suffered modest year-over-year declines in both revenues and subscribers, with both largely flat for the 2023 first quarter.
Six design options for GB's $200m airport
Grand Bahama will be presented with six different design options for its new $200m airport, the winning bidder has revealed, with an announcement on the expected construction start expected "very shortly".
'Real life consequences': Fidelity's $560k Moody's hit
The Government's declining creditworthiness has sparked "real life consequences" for a BISX-listed bank by forcing it to take a "much bigger than expected" $560,000 hit in its 2022 full-year results.
STATESIDE: Is American political, economic and military dominance diminishing in the world?
IT seems like every couple of days there is a news story reporting on mounting evidence that increasing numbers of countries around the world are choosing to sit out the growing conflict between Russia and US-led NATO that is being played out on the fertile fields of Ukraine.
FRONT PORCH: After the warning of Dorian, what is our strategy for the next storm?
IN the closing days of August 2030, a peak period for Atlantic hurricanes, Bahamians and residents nervously eyed a gathering storm. It began as an unreported weather phenomenon off West Africa, travelling westerly and eventually funneled toward The Bahamas as a tropical storm.
Governor trims growth forecast ‘closer to 4%’
The Bahamas’ stopover visitor numbers rebounded to 97 percent of pre-COVID levels in the 2023 first quarter, the Central Bank’s governor said yesterday, while slightly trimming his full-year economic growth forecast.
