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Governor: Profit repatriation tax would deter investment
The Central Bank's governor has warned against introducing a tax that solely targets profit repatriation on the grounds that it may deter foreign direct investment (FDI) into The Bahamas.
Bahamas failing to fully exploiting trade deals
The Prime Minister says Bahamian businesses are failing to properly exploit trade agreements that would give them preferential export access and potentially lower the cost of imports.
ERIC WIBERG: The Eleutheran Adventurers and William Sayle’s early days
THE story of the Eleutheran Adventurers is woven deeply into the fabric of national identity. The general themes are of escaping religious prosecution to take great risks by sailing to unknown shores – so far that is like the Puritan’s voyage in the Mayflower from England to New England’s Plymouth Rock.
Eviction notices placed on 95 shanty structures in Abaco
EVICTION notices were posted on 95 structures in an unregulated community in Abaco on Wednesday as the government ramps up efforts to eliminate shanty towns on that island.
Minister of Sports Mario Bowleg impressed with baseball growth
LAST week was filled with celebrations as seven Bahamian baseball players signed professional contracts with five Major League Baseball (MLB) organisations during the 2024 MLB International Signing period to kickstart the next chapter of their baseball journeys.
Business Licences: Up to 20% facing extra scrutiny
UP to one in five Business Licence filings are facing extra scrutiny by the tax authorities, it was revealed yesterday, with construction, landscaping and “home based” auto dealers causing particular concern.
Unpaid property taxes hit $690m at mid-2021
UNPAID real property tax arrears totalled $690m at end-June 2021 despite exceeding target by 37 percent that fiscal year, the Government’s top financial watchdog revealed yesterday.
Albany chief faces ‘largest insider trading’ fine for decade at $50m
THE Bahamas-based billionaire who led Albany’s development will pay “the largest financial penalty for insider trading in a decade” at $50m after he yesterday pleaded guilty to perpetrating a securities fraud.
‘Moral imperative’ to boost financial watchdog’s staff
THE Government’s top financial watchdog has warned that “insufficient” staffing and resources are undermining its ability to protect Bahamians and hold successive administrations to account.
Sonja Knowles Track Classic on Saturday
THE fourth edition of the Sonja Knowles Track Classic returns to the original Thomas A Robinson Stadium this Saturday and Sunday with a new timing system to facilitate a quicker and more efficient track meet.
Man admits to four bail breaches, fined $2,000
A 20-year-old man was fined $2,000 after admitting to breaching his curfew while on release for a pending murder charge.
Garvin Clarke named Player of Week again
For the second time this year as he makes his transition from the University of Akron to the Indiana University of Pennsylvania, Garvin Clarke has been named the Pennsylvania State Athletic Conference (PSAC) West Athlete of the Week.
Minister: National stadium ‘repairs are going quite well’
CONCERNS have mounted as repairs continue at the Thomas A Robinson National Stadium and Betty Kelly- Kenning Aquatic Centre about whether the renovations of both venues will be completed in time for the 2024 CARIFTA Aquatics Championships and World Athletics Relays in March and May respectively.
Man accused of molesting 11-year-old girl in Eleuthera granted $5,000 bail
A 20-year-old man was granted $5,000 bail yesterday after he allegedly molested an 11-year-old girl in Eleuthera last week.
Resort revenue growth relies on 5-7% room rate increases
THE BAHAMAS is relying on a 5-7 percent increase in room rates (ADRs) to drive resort revenue growth in 2024 due to limited opportunities to expand occupancies, a senior hotelier has revealed.
Gov’t yet to decide over Abaco ports
A CABINET minister yesterday said the Government has yet to make a final decision on the two proposals it received to operate and manage North Abaco’s port.
'Very confusing' boat fees needing urgent resolution
Bahamian maritime operators yesterday warned the Government "urgently needs to resolve" the fall-out from the "very confusing" suspension of 1,000 percent and greater hikes in boat registration fees.
Haitian Pastor helped 20 since demolition of shanty towns
LEAGUE of Haitian Pastors president Dr Jean Paul Charles said he helped 20 residents affected by recent demolitions in New Providence who needed money and food.
Cougars senior boys destroy Stars, 75-23
The Charles W Saunders Cougars showed the Bahamas Academy Stars why they are the Bahamas Association of Independent Secondary Schools defending senior boys’ basketball champions.
Chickens have come home to roost
Our country is running a high fever.
