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STATESIDE: Biden seeking to avoid gaffes

US President Joe Biden is known for avoiding live press conferences. In sharp contrast to his predecessor, Biden appears to believe that such largely unrehearsed sessions would expose him to more of the gaffes and errors that have occurred many times throughout his long public career – albeit without the crippling effect of some of his contemporaries’ mistakes and misstatements.

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Stampers, UB Mingoes advance to semi-final of NPBA playoffs

THE Triple K Stampers and University of the Bahamas Mingoes advanced to the semi-final of the New Providence Basketball Association playoffs.

Cable: URCA in 'uncharted waters' over price caps

Cable Bahamas has warned regulators they will be “in uncharted waters” by proceeding with implementing price caps on its pay-TV and broadband Internet services, arguing that the latter’s costs had dropped by up to 45 per cent in the past two years.

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Reduction on electricity bills 'not due to BPL'

IF you’ve noticed a reduction on your Bahamas Power and Light billing, it’s probably because you used less electricity, BPL Chairman Donovan Moxey told The Tribune Monday, not because the electricity provider did anything differently.

Bahamas ‘in good place’ on automatic exchange

Developing a regime to comply with global automatic tax information exchange standards was yesterday branded “the immediate priority” for the Bahamian financial services industry, a senior executive adding: “We’re in a good place.”

Gov’t to ‘clarify’ VAT communications

The Government has agreed to “clarify” Value-Added Tax (VAT) communications previously slammed as misleading by retailers, in a bid to avoid stoking tensions between the two sides and consumers.

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VAT lift on power bill ‘insignificant’

FREE National Movement leader Michael Pintard said the government’s amendment to the Value Added Tax Bill to increase the VAT-free ceiling on Bahamas Power and Light bills from $300 to $400 is “insignificant”.

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Highest US COVID rating ‘paves way’ for test ease

A senior hotelier yesterday voiced optimism that The Bahamas’ achievement in attaining the highest-possible COVID rating with US health regulators “paves the way” for both to review the testing protocols required to enter their nations.

Bahamasair reduces staff 12% in 5 years

Bahamasair reduces staff 12% in 5 years By NEIL HARTNELL Tribune Business Editor Bahamasair has reduced staff levels through "natural attrition" by more than 12 per cent over the past five years, Tribune Business was told yesterday, while improving its

Summit’s Matthew loss peaks at $37m

A Bahamian insurer yesterday revealed it had incurred $37 million in gross losses from Hurricane Matthew, and warned that “some small increase” in local insurance premiums may result in 2017.

National growth ‘remarkable’ coming from 18% of income

The Bahamas has achieved “remarkable national development” that has been financed with just 18 percent of national income, an ex-finance minister and Central Bank governor says.

Banks: 25% never verified Building Code compliance

The Central Bank is urging all licensees to ensure their offices can withstand a Dorian-type Category Five hurricane after 25 per cent said they had never confirmed Bahamas Building Code compliance.

RBC’s ‘great injustice’ to the Family Islands

A CHAMBER of Commerce executive yesterday accused Royal Bank of Canada (RBC) of doing the Family Islands “a great injustice” through their continued branch closures and exits.

Tax delinquents warned to brace for ‘shock treatment’

Major tax defaulters were yesterday warned to brace for “shock treatment” from the Government’s recently-unveiled tax crackdown, the Bahamas Chamber of Commerce’s (BCCEC) chairman giving his “strong support” to the initiative.

'Insane' 40% growth in govt's wage bill

The 40 percent growth in the government’s wage bill over the past seven fiscal years to 2018-2019 was yesterday branded “insane” and “criminal” by private sector leaders.KP Turnquest, pictured, Deputy Prime Minister, said the $226m increase in civil

Disney urged: Update lighthouse point EIA

Bahamian environmental activists yesterday urged Disney Cruise Line to update studies for its Lighthouse Point proposal to account for the impacts of COVID-19 and climate change. The groups behind the Stop Disney - Last Chance for Lighthouse Point c

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Bahamian retailer expands eastward

A well-known Bahamian retailer yesterday said it is aiming to complete its eastern New Providence expansion in time for Christmas 2021 and reach a market segment currently underserved.

Retailer’s $10m spend creates up to 70 job

A Bahamian retailer yesterday said its $10m eastern New Providence investment, which has created 60-70 jobs, attracted more consumer traffic than expected during Saturday’s opening.

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Rationale for non-profit bill ‘does not exist’

An outspoken QC yesterday argued that “the rationale for the Non-Profit Organisations Bill does not exist” because no such Bahamas-based group operates using foreign currency.

Moody's: Budget 'hit right notes'

The Government’s 2013-2014 Budget “hit a lot of the right notes” for one Wall Street analyst, who yesterday told Tribune Business the plans should prevent the Bahamas’ debt metrics “spiralling out of control”.