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Govt targets $90m cruise passenger spending boost
The Government is targeting a near-28 per cent increase in cruise passenger spending yields to generate an extra $90 million in annual tourism revenue, a Cabinet Minister said yesterday.
Bahamas on ‘slippery slope’ without VAT
The Bahamas would “be on a really slippery slope” without Value-Added Tax (VAT), a former finance minister believes, because government’s costs will continue to increase on an annual basis.
Infrastructure Fund’s public offering plan
Bahamian investors will be given the opportunity to own a portion of the proposed National Infrastructure Fund via an initial public offering (IPO), a Cabinet minister confirmed yesterday.
PM meet’s ‘way to defuse’ VAT health claims dispute
The Prime Minister’s Business Round Table with senior corporate executives may have created a pathway for “defusing” the row over the VAT treatment of health insurance claims, one attendee said last night.
Marinas eye 50% boater rise in '18
Bahamian marinas believe 2018 could produce a 50 percent year-over-year increase in visiting boaters as the country moves to generate further interest in this sector.“In 2018, the Ministry of Tourism and Aviation saw boating numbers double in some is
AML’s Charles Saunders plan ready by early 2022
AML Foods will have “mapped out” plans to develop a new shopping centre off Charles Saunders Highway, anchored by its Solomon’s “neighbourhood” food store concept, by early 2022 at the latest.
‘No cover-up when officers open fire’
NATIONAL Security Minister Marvin Dames yesterday downplayed the occurrence of police-involved shootings as the number of incidents for the year has sparked growing concern from many in the community.
Restaurant owners eye social distance strategy
Restaurant and bar owners are already plotting how their establishments can re-open in compliance with COVID-19 health and safety protocols despite some suffering revenue declines of up to 95 percent. Peter Maury, owner of the Green Parrot and Marga
Deangelo leads SAC to 70-20 rout over Aquinas
POWERED by junior national team standout Deangelo Mackey, the St Augustine’s College Big Red Machine senior boys’ basketball team looks to continue their dominance in the Bahamas Association of Independent Secondary Schools.
Gov’t ‘betting on ability’ to prove the IMF wrong
The Government is “betting on our ability” to hit its fiscal targets, a Cabinet minister asserted yesterday, predicting that the Opposition and other critics will “be wrong again”.
Tour operator fears on COVID protocols
Tour and excursion provider are voicing concerns over the cost and ease of execution associated with implementing portions of the tourism industry’s post-COVID-19 Readiness and Recovery Plan . Captain Mike Russell, owner of Chubasco Charters, told T
Musicians hit at ‘second class citizens’ treatment
Bahamian musicians yesterday argued that they remain unemployed while foreign entertainers are permitted by the Government to work at major New Providence resorts.
Brokers leader: Health sales rise 20% despite NHI
The Bahamas Insurance Brokers Association’s (BIBA) president says her business has enjoyed a 20 per cent increase in health insurance sales despite National Health Insurance’s (NHI) imminent arrival, with policy renewals occurring more quickly than ever.
Auto dealer in 20-25% pre-VAT sales increase
A Bahamian auto dealer said yesterday that it had seen a 20-25 per cent “ramp-up” in sales from a pre-Value-Added Tax (VAT) rush, describing it as the “feast before the famine” in anticipation of a slow down for the 2015 first half.
Atlantis 'refreshing' for 24% repeat ratio
Atlantis needs to reward its 20-24 per cent repeat visitor ratio with product that is continually refreshed, the resort’s top executive disclosing it was investing $25 million to upgrade The Cove and Royal Towers.
Brewery seeks 100% increase in tax margin
Sands Beer’s manufacturer has urged the Government to increase the ‘tax differential’ advantage it enjoys over Commonwealth Brewery by 100 per cent for a “guaranteed” 15-year period, having been “assured” the authorities will not force it to close down.
Bahamians’ presence felt on MLB Pipeline’s Top 30 Prospects list
SINCE Major League Baseball (MLB) Pipeline began listing its top 30 prospects within each franchise for the upcoming 2019 season, Bahamians have been prominently featured.
PM plans to ask China for funds
PRIME Minister Perry Christie has announced plans to request funding from China to support the national budget, refinance and restructure the country’s debt.
Towing fare increase could heighten risks
Automotive repair shops yesterday voiced concern that the 67 percent, or two-thirds increase, in standard towing fees could prompt Bahamians to take more risky measures to move broken down vehicles.
‘We knew’ prison would fail accreditation bid
DOAN Cleare, the acting commissioner of corrections, admitted yesterday that the Bahamas Department of Correctional Services failed an accreditation inspection earlier this year, saying officials knew the prison would “fail miserably”.
