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48 hours to go until plastics ban
WITH about 48 hours until the government’s single use plastics ban comes into effect, major companies in New Providence are still in the process of making final preparations for the fast approaching January 1 deadline.
BICA chief: Govt faces 20% revenue shortfall
The Bahamas Institute of Chartered Accountants (BICA) president yesterday warned the government could miss its full-year revenue target by “as much as 20 percent” based on current data.
Summer of Thunder: Undefeated PJ Stingers lead the charge
JUST two weeks in, the 2015 edition of the Bahamas Basketball Federation’s Summer of Thunder has been the most successful for Bahamian teams since the event began seven years ago.
Mitchell seeks to block FNM tv ad
PLP Fox Hill candidate Fred Mitchell yesterday called on broadcast authorities to block an advertisement he says seeks to connect to him to an alleged "visa scandal".
KIOSKS TO BE ADDED TO CHURCHILL SQUARE
KIOSKS TO BE ADDED TO CHURCHILL SQUARE FREEPORT - As the Downtown Revitalisation Project nears completion, the Grand Bahama Port Authority has announced it will introduce kiosks for the sale of indigenous Bahamian products as an added attraction to the n
'Madness': 90% of loan requests are consumer
The Bahamas' consumer loan "madness" is making sustainable economic development impossible, as more than nine out of every 10 credit applications fall into this category.
The world is changing and we must react
The boom and bust cycle of the global economy is well established. WTO says global trade has under performers with growth of 3% and is expected to decline in 2019 to 2.6 %. The IMF forecast a global slowdown for 2019. The United States (US) is the world’s largest economy in nominal GDP so I will focus mainly on the US in my analysis.
Consultants target 20% market share
Bahamian management consultants are seeking to quadruple their share of a local market in which the Government awards up to $20 million worth of work annually.
Port sets July record on container volumes
Nassau’s commercial shipping port set a July record after container imports increased by more than 20 percent with its top executive yesterday confirming business volumes have rebounded to pre-COVID levels.
Revised VAT Bill handed to Gov't
THE Central Revenue Agency’s (CRA) framework structure is “well advanced”, Financial Secretary John Rolle said yesterday, adding that a revised Value-Added Tax (VAT) Bill was now being handed over to the Government.
Baha Mar pay offer’s ‘dangerous precedent’
The Government was yesterday warned it would be setting “a dangerous precedent” if it stepped in to pay Baha Mar’s $7.337 million monthly wage bill, following yesterday’s Supreme Court hearing.
Govt knew of Wells LOI before signing
Key members of the Christie Cabinet knew in advance that the Government was set to “issue” the controversial ‘Letter of Intent’ (LOI) that led to the downfall of former parliamentary secretary, Renward Wells.
US Preclearance woes delay 350 LPIA flights
More than 350 flights departing to the US from Lynden Pindling International Airport (LPIA) were delayed during a 10-week period this summer due to problems at US Preclearance, a senior hotel executive yesterday acknowledging that while there had been improvement it was “not 100 per cent”.
Minority investors 'clearly abused' in absence of Takeover Code
Leading institutional investors and brokers have backed plans to implement a Takeover Code as “absolutely essential” to orderly Bahamian capital markets, its absence having led to situations where minority investors were “clearly abused”.
Businesses ‘crippled’ by 2/3 redundancy pay rise
Outraged Bahamian employers yesterday slammed the Government’s decision to press forward with union-friendly labour law reforms, including a 67 per cent increase in redundancy pay, as “crippling” individual businesses and the wider economy.
'Substandard value' on govt lease deal
Lease payments between 57 percent to 200 percent above market rate have raised questions of “preferential treatment” and “substandard value for money” at the ministry of finance.A report commissioned by the Auditor General’s Office, and tabled in Par
How to secure your home and light bill
Do your outdoor security lights make you feel safe? I hope so, because many Bahamians are spending $15-30 every month to run each light bulb. If you have three of them, that is about $1,000 on your electric bill per year.
Striving for the stars earns TripAdvisor award for Ardastra Gardens
ARDASTRA Gardens, Zoo and Conservation Centre has been recognised by TripAdvisor, the world’s largest travel website, with a certificate of excellence for the fifth consecutive year.
Eight years in jail for shooting police officer
A MAN was sentenced to eight years imprisonment yesterday when he owned up to shooting at a police officer more than a decade after the incident occurred.
Shockers recover to defeat Regulators
EXCEPT for their sluggish start, coach James Price said he was pleased with the way his Real Deal Shockers played.
