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PM promises crime crackdown and warns criminals: WE WON’T STOP
PRIME Minister Dr Hubert Minnis has warned criminals that they will be relentlessly tracked down and brought to justice, but failed to unveil new plans that haven’t already been publicised to aid the war on crime.
Tax amnesty yields $9.1m
The Government’s real property tax amnesty has yielded $9.1 million in extra revenues during its first three months, a Cabinet Minister said yesterday, with more than 1,000 taxpayers “settling” their outstanding bills.
Burrows with history makers
Jaraun “Kino” Burrows and his Fos-Sue-Mur Provence Basketball Byers closed their season with a history-making milestone.
Senior golfers tee off in the 58th Caribbean Amateur Championships
FOLLOWING the spirited performance of the juniors last week, golfers on the Bahamas’ senior national team teed off yesterday in the 58th Caribbean Amateur Golf Championships at the Sugarcane and East Courses at the Dorado Beach Resort in Puerto Rico.
Share pledges show Baha Mar’s urgent Chapter 11 need
SARKIS Izmirlian believes “the best and fastest path to opening Baha Mar has evaporated” with the dismissal of its Chapter 11 bankruptcy protection, while the liquidation process offers “no light at the end of the tunnel.”
Water Corp’s ‘ludicrous’ 8 per cent debt recovery deals
THE Water & Sewerage Corporation’s chairman yesterday said he was reviewing pre-election contracts issued to two debt collectors who have recovered just 8 per cent of the $5 million assigned to them.
Coleby posts double double in Turkey debut
AFTER a strong preseason, Dwight Coleby made his 2020 debut in the Turkey Basketball League.
Farm eviction exposes Schooner Bay bust-up
An Abaco couple have slammed Schooner Bay’s “arrogance” in evicting them from their farm in a dispute stemming from the controversial licencing of 100 Crown Land acres to a foreign developer.Glen Kelly told Tribune Business that agents for the south
1 in 50 people in nation has HIV, report warns
THE country’s main supplies of HIV/AIDs drugs have been restored, Health Minister Duane Sands confirmed yesterday.In an interview with The Tribune, Dr Sands addressed the status of HIV/AIDs in the country, including The Bahamas’ rank as having the hi
No. 3 Kansas beats NC State in coach Bill Self’s return
PARADISE ISLAND, Bahamas (AP) — Bill Self couldn’t wait to get started yesterday at the Battle 4 Atlantis. Neither could hot-shooting Kansas rookie Gradey Dick.
Bahamians conflict on broker’s US client pull
Bahamian executives have given conflicting evidence over whether a local broker/ dealer used marketing deals with day trading schools to circumvent US laws against soliciting American clients.
PM: Not a dollar of VAT wasted
AMID lingering questions regarding Value-Added Tax (VAT) collections, Prime Minister Perry Christie was on the defensive yesterday as he explained how his administration handled $1.14bn in VAT revenue accumulated during 2015 and 2016, insisting that not one dollar of the money has been “frittered away” or spent “surreptitiously”.
RBC: Bahamas debt grows beyond 70% ‘danger zone’
Royal Bank of Canada (RBC) has warned that the Bahamas’ debt-to-GDP ratio continues to increase beyond the so-called 70 per cent ‘danger threshold’, with business leaders agreeing that international concerns are valid.
11% power bill fall if renewable energy goal met
The Bahamas could reduce its national electricity bill by 11 per cent through hitting the renewable targets set in its National Energy Policy (NEP), an IMF working paper has estimated.
Customs promises wise enforcement ‘teeth’ use
Bahamas Customs yesterday sought to reassure the shipping industry that it will use its newly-acquired “teeth” wisely, and not levy “unreasonable fines” that could drive a further increase in freight rates.
Retailer hails 'huge help' of govt lockdown change
A major Bahamian retailer has hailed the government’s decision to modify its “locked down” businesses list as “a huge help” both to its sector and the wider economy.Brent Burrows, vice-president of CBS Bahamas (Commonwealth Building Supplies), told T
Minister ‘concerned’ on rating agency reaction
The Minister of Finance yesterday conceded he was concerned about how the credit rating agencies will react to a five-fold increase in the projected 2016-2017 deficit, plus $722 million in new government borrowing.
E-passport provider in IT school venture
The former Bacardi plant’s owners yesterday pledged to “move forward” with establishing a high-end IT school, having enlisted the company responsible for the Bahamas’ e-passport and border control systems as its project partner.
$14.7bn asset manager targets Ginn project
A top US real estate/infrastructure investment firm with $14.7 billion in assets under management has been revealed as one of the groups exploring the potential purchase of the former Ginn project in Grand Bahama’s West End.
South Eleuthera to 'exceed glory days'
A Bahamian resort developer yesterday said that together with a proposed Four Seasons property nearby, they would “exceed South Eleuthera’s glory days” that were experienced under Pan-Am founder Juan Tripp.
