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Gov’t is urged to ‘clarify’ VAT data
The Government was yesterday urged to “clarify” its Value-Added Tax (VAT) collection statistics, a leading private sector executive acknowledging the progress but warning it was too early to “heap praises on ourselves”.
Bahamas backs treaty to monitor gun trade
A TREATY designed to better monitor the trade of firearms and ammunition between countries was ratified yesterday morning by the Bahamas government and five other countries in New York.
Giants, Panchos get wins
THE New Providence Basketball Association continued its regular season at AF Adderley Gymnasium Wednesday night when the Johnson Trucking Panchos and the Commonwealth Bank Giants won their respective games.
Renewable provider hails resort’s new solar system
A renewable energy provider yesterday said the system installed at a major Family Island resort will cut its emissions by 95 percent through slashing diesel fuel consumption.
Bahamas in two-way tie for 2nd place
The Bahamas is sitting in a two-way tie for second place in the team standings after day one of the 32nd Caribbean Amateur Junior Golf Championships, thanks to the performances of Sophie Anand, Diego Azar, Heathcliff Kane and Tyesha Tynes.The quartet
Overall crime shows 7% decline
CRIME declined by seven percent in 2019 despite a four percent uptick in murders and a 12 percent increase in armed robberies, according to police statistics. Police Commissioner Anthony Ferguson, as he released the statistics, cited Hurricane Dorian for the murder increase from 91 in 2018 to 95 in 2019, saying law enforcement will learn from having its resources stretched to respond to a natural disaster.
Bahamas requires $160-$180m swing to 'stabilise' debt
The Bahamas needs a $160-$180 million ‘positive swing’ on its primary Budget balance to “stabilise” the debt-to-GDP ratio, with an even “stronger adjustment” needed to slash the $7 billion-plus national debt.The Inter-American Development Bank’s (IDB
Quarterly VAT filers: 75% compliance target
A Value-Added Tax (VAT) Task Force co-chair yesterday expressed hope that “at least 75 per cent” of quarterly filers would achieve first time compliance, as it targets “a level playing field” among all taxpayers.
Florida State league finals cancelled due to Dorian
CHAVEZ Young and the Dunedin Blue Jays were one of the top contenders for a Class-A Advanced title. However, Hurricane Dorian preempted those plans. Florida State League President Ken Carson announced yesterday that the Florida State League final we
S&P’s higher deficits on VAT ‘uncertainties’
Standard & Poor’s (S&P) has agreed that there are “indeed uncertainties” surrounding Value-Added Tax (VAT) implementation, and is less optimistic than the Government in projecting a 3 per cent fiscal deficit for 2015-2016.
‘Nothing to celebrate’ on $99m borrowing
The Opposition yesterday argued there was “nothing to celebrate” in the Christie administration’s revelation that it is only borrowing $99 million to fund the 2016-2017 fiscal deficit, its finance spokesman saying it had over-burdened Bahamians with taxes to achieve this.
More playing time for Sun’s Jonquel Jones?
The Connecticut Sun made arguably the biggest transaction of the WNBA offseason and it could lead to an increased role for Jonquel Jones.
Bahamas First shareholders support board on resolutions
Bahamas First yesterday said shareholders had agreed to board of directors’ recommendations for all proposed resolutions during last week’s annual general meeting (AGM).Shareholders representing 32.2m shares, some 88 percent of those that have been i
Tropical Storm Jerry update
Tropical Storm Jerry is about 715 miles (1,150 kilometres) east of the Leeward Islands and moving west-northwest at 15 mph (nearly 25 kph).
Delroy making a name for himself with the Knights
SINCE joining the Niagara College Knights men’s basketball team, Delroy Grandison has been making a name for himself.
Bahamas ‘leads pack’ over digital adoption
A senior Royal Bank of Canada (RBC) executive yesterday hailed The Bahamas as “a bit of a bellwether” for the Caribbean on digital payments adoption with more than 50 percent of its local clients now using such channels.
Giants look to even series after triple OT win
THE defending champions Commonwealth Bank Giants needed triple overtime in game three of the New Providence Basketball Association’s best-of-seven championship series to avoid being pushed to the brink of elimination against the Mail Boat Cybots at the AF Adderley Gym Saturday night.
$1.5m haul of drugs seized
POLICE arrested two men in connection with a $1.5m drug seizure yesterday.
Low vaccination rates spark fears over polio
HEALTH officials are alarmed by declining vaccination among children and fear the country is at risk of reintroducing polio and other deadly diseases.
