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Bahamas ‘can’t be complacent’ on 15% corporate tax push back
The Bahamas “cannot be complacent” despite yesterday being granted more time to determine its approach to the G-7/OECD-led push for a minimum 15 percent global corporate income tax rate.
Debt strategy was Budget’s ‘big miss’
A governance reformer yesterday argued that the Budget presentation’s “big miss” was its failure to detail how The Bahamas will tackle its $10.5bn national debt and annual interest costs set to hit a record $589m.
GB church leader calls for ‘new economic paradigm’
GRAND Bahama Christian Council president Rev Kenneth Lewis believes The Bahamas must establish “a new economic paradigm” that will allow Bahamians to compete in all aspects of the country’s economy. While delivering his independence message, the clergyman indicated that it is now time for Bahamians to be encouraged to own hotels and banks.
March air arrivals near to 75% of pre-COVID
Tourist arrivals to The Bahamas increased almost ten-fold in March 2022 compared to the prior year aided by the continued easing of COVID-related border restrictions and a rebound in global travel, it was revealed yesterday.
Ex-BACO president in ‘non-compete’ dispute
A past Bahamas Association of Compliance Officers (BACO) president was yesterday said to be free to “engage in her profession” after a Florida appeals court refused to extend a non-compete injunction relating to a two-year legal battle.
WORLD VIEW: Developing countries also victims of Ukraine war
IN the words of UN Secretary-General, Antonio Guterres, the war on Ukraine by Russia “is fast becoming a matter of life and death for vulnerable people around the world”.
DIANE PHILLIPS: Honestly, I’m all in a pickle
It’s possible that I slept through the last decade but highly unlikely so how else do I account for the fact that until Friday I never heard of the world’s fastest growing sport? Wonder if you have.
Chamber chair ‘not disturbed’ by lower consumer borrowing
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman said yesterday he was “not disturbed” by lower levels of consumer borrowing, with June’s $5.6 million expansion in debt consolidation loans showing many were making “last ditch efforts” to restructure their affairs.
Gov'ts $300m bond finance demands 'extraordinary'
A leading investment advisor yesterday said he could not “readily recall” the Government ever seeking $300 million in bond financing in such a short times period, as the administration launched its latest $100 million Bahamas Government Registered Stock (BGRS) issue.
Making the judgement on Obama
THE prospects of Barack Obama being re-elected as President of the United States appear to be hanging in the balance. The latest Times/CBS poll in the US shows that the race between him and Republican candidate, Mitt Romney, is essentially tied.
‘The hottest place in the Out Islands’
Developers behind Abaco’s Schooner Bay community yesterday expressed confidence it would become “the hottest place to be in the Out Islands” within five years, telling Tribune Business all infrastructure/utilities work would be completed by December 2012.
Bank: E-platform can 'equal' credit for profit share
BANK of the Bahamas International's managing director yesterday said its business e-commerce platform had the potential to "equal" the contribution its loan portfolio made to its bottom line, telling Tribune Business the facility was expected to be "profitable from year one".
85% sold concert boosts Atlantis by 'several thosand' extra room nights
ATLANTIS is set to enjoy a "several thousand room night" boost this Memorial Day weekend, Kerzner International's Bahamas head yesterday telling Tribune Business that with 85 per cent of tickets already sold, the concert was on track for a sell-out.
Gomez past may help FNM
If one were to take the Nassau Guardian's front page report on Free National Movement's (FNM) North Abaco candidate at face value, then one would have to conclude that the details surrounding Greg Gomez's employment history raises more questions than answers
Growth to ‘moderate’ as COVID revival near end
The Central Bank yesterday reaffirmed that The Bahamas’ economic growth rate will “moderate as the recovery from COVID-19 becomes more complete” with February’s air visitor arrivals just 2.5 percent off pre-pandemic pace.
PM meet’s ‘way to defuse’ VAT health claims dispute
The Prime Minister’s Business Round Table with senior corporate executives may have created a pathway for “defusing” the row over the VAT treatment of health insurance claims, one attendee said last night.
December air arrivals up 13% on pre-COVID
Stopover visitors for December 2022, which included the peak Christmas and New Year's tourism period, more than doubled year-over-year to beat the industry's pre-COVID performance by almost 13 percent.
Gas station dealers mulling shut down
Gas station dealers are mulling a sector-wide shutdown this month amid growing concern about the ability of the industry’s fixed price controlled-margins business model to cope with a variety of cost increases.
Roy Wallace wins men’s title
BAHAMAS TABLE TENNIS FEDERATION’S NATIONAL CHAMPIONSHIPS
ROY Wallace outlasted Amol Pendharkar to win the men’s title of the Bahamas Table Tennis Federation’s National Championships at the AF Adderley Gymnasium on Saturday.
Bahamas beats pre-COVID tourism volumes by 25.8%
The Bahamas has finally beaten pre-COVID tourism volumes as higher-spending stopover visitor arrivals for September exceeded 2019 numbers by almost 26 percent, it was revealed yesterday.
