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Bahamas breaks global standards with jet fuel tax
The Bahamas is breaching international standards by levying 7 per cent import duty on jet fuel, warns a report produced for the Caribbean Development Bank (CDB).
Ayton and Suns top Pelicans 110-99 in Game 1 of series
DEANDRE Ayton and the Phoenix Suns dominated a physical game one in their series against the New Orleans Pelicans and the veteran centre said he likes the tone that has been set for the postseason.
Met office says logs show radar was working
THE Department of Meteorology yesterday released computer server verification logs indicating that its Doppler weather radar was operational throughout the period that Hurricane Joaquin formed and subsequently ravaged the southern Bahamas.
PM tours construction site
PRIME Minister Dr Hubert Minnis and Minister of Tourism Dionisio D’Aguilar toured the Goldwynn boutique hotel construction site on West Bay Street yesterday. Construction on the $120 million project has resumed after a temporary stop due to COVID-19
Gov’t raises $72m from ‘not normal’ BGS bond
The Government’s financial advisers yesterday estimated it will take three years for Bahamian investors to start treating its new BGS security as a “normal investment vehicle”, after the first issue for the 2015-2016 fiscal year came in 28 per cent below target.
BOB non-compliant with 80% of regulatory ratios
Bank of the Bahamas shareholders are being asked to “throw good money after bad”, with the BISX-listed institution now non-compliant with four out of five key Central Bank capital ratios.
Fair share: Hotel rental unit tax not in effect yet
A key Budget measure designed to ensure hotel rental pool units pay their fair share of taxation has yet to be implemented amid the wait for legislation to give it lawful effect.
Bahamas 'underestimated' cruise visitors spending
The Bahamas may have “underestimated” cruise passenger spend in Nassau and Freeport, a Cabinet Minister admitted yesterday, following reports of a 59 percent increase since 2015.
Oil exploration fears for 'eco centric mecca'
An Andros bonefishing lodge's co-owner has voice alarm that that "the eco-centric mecca" of The Bahamas could be irreparably harmed if oil exploration plans go awry.
Bahamas ‘Jamaica bound’ on present fiscal course
The Bahamas will be “Jamaica bound” unless it immediately implements measures to tackle its growing debt and deficits, a well-known fiscal hawk warned yesterday.
Bahamas 'rises from captives extinction'
The Bahamas has “risen from extinction” in captive insurance, a leading industry player said yesterday, with this nation’s growth rate over the past three years “exceeding any other jurisdiction”.
‘Only one service calling at Freeport Container Port comes from South Africa’
OF THE 75 to 80 vessels calling monthly at the Freeport Container Port, only one service comes out of South Africa, representatives of international health organisations and the Ebola Task Force were told by port officials during their weekend tour of the transshipment facility to observe safety protocols.
‘DON’T GO THERE’: U.S. puts Bahamas back on top level alert as cases rise
THE US Centres for Disease Control and Prevention has told Americans to avoid travel to The Bahamas, citing a very high level of COVID-19 in the country.
Straw market vendors face uncertain future
WITH no income coming in due to COVID-19 restrictions, straw vendors say they fear they do not have sufficient food supplies and income to last for the duration of a two-week lockdown as provisions made by the government are not enough.
Welcome for clarity in awarding government contracts
A local contractor has welcomed the new Public Procurement Draft Bill put forward by the government for consultation believing it would fix the lack of transparency in the government bidding process.
Law change to open building inspections
The government is planning to reform construction-related laws so that licensed architects and engineers can approve building works performed by their counterparts, the deputy prime minister has revealed.
FNM demand for clarity on landfill contract
FNM Leader Dr Hubert Minnis yesterday demanded that the government fully disclose the details surrounding an agreement with Renew Bahamas, a company contracted to manage the city dump, saying the opposition “does not want any closed door bargaining”.
Giants and Millionaires in NPBA win column
THE TMT Giants and the Mekaddish Millionaires pulled off the New Providence Basketball Association’s double header at the Kendal Isaacs Gymnasium on Wednesday night.
Sarkis: Receivers ‘not pursuing’ Baha Mar’s $192m claim
Sarkis Izmirlian is accusing Baha Mar’s receivers of “failing to properly pursue” the company’s $192 million damages claim against its contractor’s Chinese parent.
CI Gibson Rattlers in the win column
While his CI Gibson Rattlers senior girls had to dig down deep to hold onto a three-point win over the RM Bailey Pacers, coach Kevin ‘KJ’ Johnson had his Rattlers’ senior boys clinching on all cylinders from start to finish in their 30-point rout over the CR Walker Knights.
