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'Can't tax Bahamas into better health'
Caribbean Bottling Company's top executive yesterday warned "you cannot tax a country into good health" amid private sector fears that a so-called 'sugar tax' will be a “poison pill” for small business.
Gov't eyes air freight terminal outsourcing
The Government is eyeing a proposal to outsource Lynden Pindling International Airport's (LPIA) freight terminal to private sector developers and operators, it has been revealed.
BPL set for a 'maturity audit'
Regulators are searching for consultants to conduct a "maturity audit" of Bahamas Power & Light (BPL) in a bid to assess the energy monopoly's performance and develop better regulatory oversight.
Haywards ready for GBPA 'sell down' to right partner
The Hayward family is willing to part with some of its Grand Bahama Port Authority (GBPA) ownership interest to aid Freeport's revival, it was revealed yesterday, but does not believe the Government should take "majority" control.
Lincoln Bain allowed appeal to Privy Council
THE Court of Appeal has granted Lincoln Bain permission to appeal its decision supporting a Supreme Court order that he repay monies on a failed investment.
PM: Sin tax? Not this year
PRIME Minister Philip “Brave” Davis said the government would not introduce a sin tax anytime soon.
HUBERT EDWARDS: Bahamas can’t afford for fiscal forecast miss
The Davis administration has delivered a Budget which, while leaving room for discussion and debate on many fronts, gives numbers which are very positive and welcoming news from a fiscal and debt management perspective. The projections suggest that The Bahamas is on the path to a turnaround in its fortunes, providing international and domestic investors with a level of certainty that would not have been anticipated two years ago. But every aspect of this turns on what the final outturn of the 2022-23 fiscal year will be.
PM's GBPA warning leaves investors 'hanging out there'
Private sector executives yesterday voiced concern that the Prime Minister's "decisive action" warning to the Grand Bahama Port Authority (GBPA) and its principals will deter potential investment in Freeport.
Gov't still focused on food and medicine price control
A Cabinet minister yesterday said the Government "feels inclined" to expand price controls on food and medicines, after previous such initiatives ended earlier this year, as it takes a "stand for consumer rights".
Marital rape and our laws
There is talk of a coming change to our marriage laws. To the extent the new law criminalises non consensual sex within marriage, it would in our view, be unconstitutional for two reasons. First, Article 22 Constitution protects freedom of conscience. This includes we say, the right to be married in accordance with one’s religious beliefs, especially where the belief was practised at the time the Constitution was passed. Since Christians and Jews are married on terms that exclude marital rape, a law criminalising non consensual sex within marriage may be seen as an attack on them.
WIN OR GO HOME: Flag football quarterfinals heat up
THE Bahamas Flag Football League (BFFL) playoffs got underway this past weekend at the Winton Rugby Field.
Felix Neely Jr national cycling champion
AFTER two days of inclement weather, Felix Neely Jr was crowned the national male cycling champion at the 50th Independence National Road Cycling Championships in Grand Bahama.
INSIGHT: Who really has Downtown’s interests at heart?
THERE is something of a phony war going on – with Downtown Nassau being pulled this way and that like a chew toy.
EDITORIAL: Honesty best policy on taxation
When is a tax rise not a tax rise?
THE KDK REPORT: The more things change, the more they stay the same
FROM the sixth to the 16th century, the Roman Catholic church was by far the most dominant religion in Great Britain.
Key tax arrears jump $230m to hit $1.13bn
Tax arrears owed to the Government from three key revenue streams increased by a collective $230m during the first nine months of the current fiscal year to hit $1.13bn at end-March 2023.
20% of Gov'ts fixed costs go to debt bill
One out of every $5 spent by the Government on its recurrent costs during the upcoming 2023-2024 fiscal year will go towards paying the $612.726m interest bill on its outstanding $11bn-plus national debt.
Property tax cap up 25% to hit $150,000
Bahamian realtors have given a mixed reaction to the Government's decision to increase the annual real property tax cap by 25 percent to $150,000.
New hope
ActivTrades
The averted US debt default, and positive data from the American jobs market, put international investors in a buying mood. In Germany, the Dax index jumped over the 16,000 point mark last Friday. Wall Street also closed higher.
Gov't ready to guarantee Nassau's $290m hospital
The Government is prepared to guarantee the $290m financing for New Providence's new hospital, a Cabinet minister revealed yesterday, adding: "This is a worthwhile investment for the Bahamian people."
