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Atlantis defers on Royal Caribbean’s PI answers
Atlantis has decided to wait for Royal Caribbean to supply answers to its 50 questions over the latter’s proposed Paradise Island project because they were not totally “buttoned up” at the two sides’ most recent meeting.
Cable’s pay-TV status ‘screaming for removal’
Cable Bahamas is arguing its ‘significant market power’ designation in the pay-TV market is “screaming for removal” with competition from streaming services having caused an 11 percent plunge in subscriber numbers in 2021.
Atlantis braces for $17m electricity costs increase
Atlantis yesterday revealed it is bracing for a $17m year-over-year hike in electricity costs despite “still setting revenue records” through 2023’s winter tourism season and into the upcoming peak Easter weekend.
‘Hundreds of millions of tax dollars’ owed to govt
THE government’s top finance official says “hundreds of millions of dollars” is owed in VAT and other tax arrears — an estimate that does not even include the $800m owed in real property taxes.
‘Grammy’ Wallace-Whitfield: Go for Gold
BAHAMIAN Olympian Pauline Davis and CARIFTA volunteer as well as long-time track and field supporter Beverly “Grammy” Wallace-Whitfield offered strong words of wisdom and encouragement to Team Bahamas.
‘Hundreds of millions’ in tax arrears remain
The Ministry of Finance’s top official yesterday said “hundreds of millions” in tax arrears remain outstanding even though VAT revenues are 7 percent ahead of projections for the first nine months of the 2022-2023 fiscal year.
Business Licences: 99% were approved ‘in time’
The Ministry of Finance’s top official yesterday said 99 percent of Business Licence renewal applications were approved “in time” with those outstanding needing to “clarify” questions surrounding their reported turnover.
PETER YOUNG: King Charles rebuilding bridges
A STATE visit is a potent symbol. It confirms at the highest level the quality of relations between two countries by demonstrating the strength of their diplomatic, economic and cultural ties. It is a powerful indicator of the overall bilateral relationship.
Gas retailers: ‘Never been so desperate’ due to OPEC slash
Bahamian petroleum retailers yesterday said “it’s never been so desperate” with a surprise production cut by the major oil producing countries making their need for a margin increase even more urgent.
Cable: URCA’s 23% budget rise ‘assault on our finances’
Cable Bahamas has blasted the 23 percent hike in the Utilities Regulation and Competition Authority’s (URCA) 2023 budget as “an assault on the finances” of itself and other communications operators who will pay for it.
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.
More ‘operations’ planned for tax dodger crackdown
The authorities are planning “several operations” throughout The Bahamas targeting other suspected tax delinquents, the Ministry of Finance’s top official revealed last night, while their Harbour Island sweep is still not finished.
Random bag searches may be added to primary schools
RANDOM bag searches may be introduced in primary schools throughout New Providence to bolster security, Acting Director of Education Dominique McCartney-Russell said yesterday.
Shanty town demolition ‘unlawful’ says KC Smith
THE possible demolition of shanty town homes by the government is “unlawful”, a Supreme Court Chief Justice was told yesterday by the legal team representing residents.
CARIFTA swimming team off to Curacao
Bahamas going for 5th straight title
With their bags already packed, the 39-member team is ready to head to Pirate Bay, Curacao tonight to go for their fifth straight CARIFTA Swimming Championship title this weekend.
3PA Stallions’ Jasmine Mackey in games’ limelight
COACH Cedricka Rolle feels now that quarter-miler Jasmine Mackey has broken the mantle as the first 3PA Stallions Track and Field Club member to make the CARIFTA Games team, she envisions that others will be inspired to follow suit.
High schoolers join International Basketball Academy
WITH their high school basketball league over and done with, local high school players are now showing their skills in the annual International Basketball Academy Bahamas Developmental League that is currently underway.
Roadrunners have three athletes on CARIFTA team
THEY’RE not one of the top ranked track and field clubs, but coach Dexter Bodie said they are extremely proud to have three of their athletes making the Bahamas’ 80-member team that will compete at the Oaktree Medical Center’s 50th CARIFTA Games this weekend.
Kingsway and SAC crowned as first high school flag football champions
THE Bahamas Youth Flag Football League (BYFFL) hosted the country’s inaugural high school flag football tournament this past weekend at the Thomas A Robinson National Stadium.
Access accelerator targets 200 MSMES for assistance
THE SMALL Business Development Centre (SBDC) is this year aiming to help 200 micro, small and medium-sized (MSME) enterprises access an average $100,000 in funding each through its Guaranteed Loan Programme.
