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Bahamas escapes PR damage from bonefish guide abuse
The Bahamas almost suffered a tourism PR blow after seven visiting sportsfishing journalists saw their guide verbally abused and intimidated by a fisherman engaged in illegal netting.
Union leader: NHI will end 'days of cook-outs'
A trade union leader is “definitely” backing the Government’s proposed National health Insurance (NHI) scheme, stating: “The days of cook-outs are over”.
Junior stars in Tennis-A-Thon
IT was a domino effect as Jacobi Bain set the pace, breaking William ‘JJ’ Fountain’s nine-year-old record for the most consistent rally in the Bahamas Lawn Tennis Association.
Show us the jobs
Deputy Prime Minister Philip Davis is still apparently peeved over the United States Department of State’s report which said that most of the ambitious campaign promises of the current Progressive Liberal Party government have been unfulfilled.
PHA Supply consortium 'a very slippery slope'
The proposed Public Hospitals Authority (PHA) medical supplies consortium was yesterday branded “a very slippery slope”, the FNM’s deputy chairman arguing that the projected savings did not justify “devastating” the private sector.
Super Value boss: VAT on January 1 is 'a joke'
Super Value’s owner has warned that the Government’s target Value-Added Tax (VAT) implementation date is becoming “a joke”, suggesting that March 1 is the earliest achievable start date.
FATCA compliance to drive 'increased real estate activity'
The Bahamas’ full compliance with US FATCA legislation should drive “increasing real estate activity”, with one realtor already working with two New York firms seeking to relocate to western New Providence.
Fund's $1.6m profit return holds lesson
RoyalFidelity Merchant Bank & Trust’s matured investment fund has delivered more than $1.6 million in collective profits to Bahamian investors , proving that opportunities exist in rock-bottom markets.
YOUNG MAN'S VIEW: ‘Although our nation has progressed by leaps and bounds, we still have quite a ways to go’
The celebration of Independence Day has come to represent the essence of what it means to be Bahamian, with expressions of culture, patriotism and reflections on our national history permeating the atmosphere whilst also serving as an occasion for reconnecting with families and friends. That said, although our nation has progressed by leaps and bounds, we still have quite a ways to go.
Harvest for the world
THE second decade of the 21st century has brought new challenges and opportunities for agriculture in the hemisphere, with the sector and the region increasingly being viewed as the next global breadbasket, a challenge as big as feeding the estimated world population in 2050: nine billion.
Gov't seeks $100m 'bridge financing'
The Government has hired CIBC FirstCaribbean to raise a $100 million “bridge financing” facility for it, with an initial interest coupon some 160 basis points below the Prime lending rate.
Iesha best junior female player in Bahamas for second consecutive year
IESHA Shepherd can lay claim to being the best junior female tennis player in the country for the second consecutive year.
Illegal netting threatens $1.5m bonefish investment
A Long Island bonefishing lodge owner says his $1.5 million investment and six jobs are being jeopardised by illegal netting, which threatens to “wipe out” the industry within the next five years.
$45,000 presented to Governor General’s Youth Awards
NINETY-two players took part in the 14th Annual Duke of Edinburgh Semi-Finals Charity Golf Tournament at Ocean Club Golf Course on Sunday morning in support of the Governor General’s Youth Awards programme.
Trade deficit narrows 9.7%
The Bahamas experienced a 9.7 per cent drop in its trade deficit to $2.554 billion in 2013, largely due to an almost-$300 million fall in its import bill.
'Internal brain drain'costs Bahamas $3.5bn
The Bahamas is losing nearly $3.5 billion to the “internal brain drain” caused by low worker productivity, a well-known eye doctor yesterday arguing this was having a greater economic impact than the loss of 61 per cent of tertiary-educated Bahamians to jobs abroad.
Bank braces for $2.4m tax impact
Bank of the Bahamas is bracing for a $2.4 million fourth quarter hit from the 3 per cent ‘bank tax’ unveiled in the 2013-2014 Budget, its managing director yesterday expressing “cautious optimism” it would return to profitability in its 2015 financial year.
QC urges 19% top earners income tax
A well-known QC yesterday urged the Bahamas to implement a 17-19 per cent income tax on persons earning over $50,000-$75,000 annually, arguing that fears of widespread evasion were overblown.
RoyalFidelity's fund with 'different angle'
RoyalFidelity is planning to launch an “alternative” US$ fund this summer that aims to minimise market volatility risk, a move coinciding with the maturing of another product forecast to generate 50 per cent investor returns.
‘Embrace new era’ with investor citizen plan
The Bahamas has been urged to “embrace a new era in financial services” by launching an Investor Citizen programme, a leading accountant describing this as essential if the country is to remain a “player” in the industry.
