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Insurer uproar on Gov'ts 50% investment 'dictate'
Bahamian insurers yesterday blasted the Davis administration for seeking to "dictate" their investment strategy by mandating that a "minimum" 50 percent of their total portfolio be held in government securities.
PM highlights incentives for corporate tax
PRIME Minister Phillip “Brave” Davis highlighted incentives for The Bahamas to introduce a corporate income tax yesterday, noting that multinational companies could face a “top-up tax” in their base country if The Bahamas does not conform with the global minimum tax push.
Four GSSSA soccer champions crowned
CR Walker Lady Knights senior girls victorious
Following a three-year hiatus, soccer finally returned to the field for the Government Secondary Schools Sports Association (GSSSA) this year.
BBF announces coaching committee, application process
THE Bahamas Basketball Federation (BBF) announced their coaching selection committee during yesterday’s press conference at the Thomas A Robinson National Stadium.
BTC donates $5,000 to Sandilands Rehabilitation Centre Push-a-Thon
THE Bahamas Telecommunications Company Ltd (BTC) donated $5,000 to the 12th edition of the Sandilands Rehabilitation Centre’s (SRC) 2023 Push-A-Thon.
PM says dealers 'impacting themselves' with diesel halt
The Prime Minister yesterday said his "technical team" is working on a resolution to the petroleum dealers' margin increase demands as many continued the halt to diesel sales for a third day.
Legal reforms set to ban pyramid selling schemes
The Prime Minister yesterday unveiled plans to strengthen protections for Bahamian consumers through legal reforms that will ban "pyramid selling schemes" and allow regulators to issue warning notices over "harmful business practices".
PM: We might as well get 15% corporate tax revenue
The Prime Minister yesterday extended the corporate income tax consultation period by almost two months to end-August 2023 as he reassured that the Government has not decided upon "any particular policy action".
Registered agents take on substance reporting burden
The Attorney General yesterday said financial services providers will have to do economic substance reporting for all entities where they act as the registered agent if The Bahamas is to escape Europe's 'blacklist' this year.
ALICIA WALLACE: Politicians does lie... Marital rape bill’s lack of progress concerning
“People does lie.” Those are the words of a religious leader in The Bahamas. While he used the word “people,” the rest of his drivel indicated that he was really talking about women. In particular, he was talking about women who are raped by their husbands, suggesting that they are liars who want to get out of a marriage.
EDITORIAL: Don’t punish public for impasse with govt
THE long-running dispute between government and gas retailers has finally ended up in action – though not the sort that helps anyone.
Pintard says Davis administration must act urgently to resolve retailers’ concerns
FREE National Movement leader Michael Pintard said the Davis administration must act now to resolve gas retailers’ concerns, warning their inaction could cause a domino effect that will affect the broader economy.
Sears says newly launched Traffic Management Centre first phase to cost $1.8m
THE Ministry of Works and Utilities launched the first phase of its Traffic Management Centre yesterday.
'Screeching economic halt' if diesel stop lasts 10-14 days
Bahamians could "see a totally different economy" if the decision by most petroleum dealers to halt diesel sales lasts for up to two weeks, a well-known contractor warned yesterday.
Corporate tax certainty 'vital' to Freeport future
Grand Bahama's Chamber of Commerce president yesterday said it was "vital" to business certainty and investor confidence that Freeport gain clarity on whether, and how, corporate tax will be implemented in the Port area.
Gas stations argue Business Licence 'further strangles' us
The Bahamas Petroleum Retailers Association's vice-president says he backs the introduction of a corporate income tax to replace Business Licence fees that "further strangle us".
Town Planning rejected Lyford Cay condo advice
Lyford Cay residents will today bid to block a controversial condo project, which speculation previously linked to FTX, after planning authorities approved the doubling of its height beyond that recommended by their technical advisers.
Building $3m shelter for homeless, Hanchell says
A $3M shelter will be built on Carmichael Road to house at least 100 homeless people, according to Great Commission Ministries founder Bishop Walter Hanchell.
Activists find Rex Major’s comments ‘appalling’
A TOP human rights expert said she is hard-pressed to celebrate the 50th anniversary of Bahamian independence given the constitutional inequalities between men and women and the government’s failure to adequately protect women from violence.
DIESEL SALES HALT TO LAST UNTIL MARGIN RESOLUTION: However, sites owned by FOCOL continue to make fuel available
Bahamian petroleum retailers have "no intent to disenfranchise the motoring public", their president asserted yesterday, as he warned that the halt to diesel sales will "go on until such time" as their plight is resolved.
