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BPL eyed 58% lower costs than fuel hike
Bahamas Power & Light (BPL) was on target to lock-in fuel costs “through March 2024” that were up to 58 percent less than the skyrocketing increases unveiled by the Government yesterday, documents have revealed.
Buddy cans 23, Kings top Heat
MIAMI (AP) — Sacramento’s offensive approach was not exactly elaborate: Run, run, run and keep running.Once the Kings got rolling, Miami had no answers.Willie Cauley-Stein scored 26 points and grabbed 13 rebounds, Buddy Hield added 23 points and the
Bahamas ‘supertanker’ won’t change overnight
The Bahamas will not achieve “the radical change” it needs overnight, a governance reform campaigner likening the required effort to the time it takes to “turn a supertanker”
Top banker: Get economy ‘moving a bit more rapidly
A prominent banker yesterday urged The Bahamas “to get the economic engine moving a little more rapidly”, adding: “This is when executive management earns our keep.”
Financial model requires 'very serious rethink'
The Bahamas requires “a very serious rethink” on the business model for its financial services industry, a leading attorney warning yesterday that the continued push for automatic information exchange and to criminalise tax evasion represented a major “challenge”.
MOODY’S - WE SEE GROWTH NEXT YEAR
The deputy prime minister yesterday warned "there is no restart button" for fully relaunching a Bahamian economy that Moody's is projecting will grow by 2 percent next year.
The FNM and our money
Debate on Supplementary Budget through May, 2022… yet again input of so many of the MPs, clearly shows their personal lack of information and facts and really reality.
Small business faces $748m 'financing gap'
Bahamian small and medium-sized enterprises (SMEs) face a “financing gap” that could be as large as $748m, the Bahamas Development Bank’s (BDB) transformation plan estimates. The report, a copy of which has been seen by Tribune Business , suggests t
Investors warned to look before leaping
The Bahamas International Securities Exchange’s (BISX) chief executive is urging investors to conduct proper risk assessments before parting with their capital.
Minister backs Junkanoo Carnival’s privatisation
The Minister of Tourism yesterday backed the privatisation of Junkanoo Carnival, adding that the Government would be able to regain its near-$20 million initial investment over time.
Atlantis beats revenue goals, targets ‘strong’ 2023 first half
Atlantis continues to beat its revenue targets and is predicting a strong 2023 first half, a senior executive has revealed, with the wider resort industry bracing for 90 percent-plus occupancies over the Christmas and New Year period.
Bahamas facing $500m storm bill over next decade
THE Bahamas will reap multi-billion dollar benefits if it acts now to upgrade physical and environmental protections against $500 million in forecast storm damage, an engineer said yesterday.Carlos Palacious, director of operations for Caribbean Coas
Auto industry to 'pick up steam' through tax cut
Auto dealers yesterday said the industry is poised to “pick up steam” as a result of tax cuts that will give Bahamian consumers “more choice and better prices” from July 1.
Tobacco declarations 1/8th of true value
Tobacco imports recorded at Bahamas Customs are almost one-eighth of the true value that should be declared, the International Monetary Fund (IMF) has estimated, indicating the existence of “large-scale smuggling”.
CLASH OF THE TITANS: Buddy Hield and the Kings top Deandre Ayton and Suns, 122-105
PHOENIX, Arizona — The much anticipated first NBA regular season game featuring two Bahamian born players quickly turned into a lopsided win for Buddy Hield and his Sacramento Kings.
Monthly VAT pay plan’s ‘disservice’ to small business
The Government was yesterday urged to postpone plans to make at least some quarterly and monthly filers pay Value-Added Tax (VAT) monthly, a well-known consultant describing this as “an injustice and disservice” to small businesses.
Atlantis’s 4.5% Xmas rate rise beats hotel norm
Atlantis has seen a “quite substantial” 4.5 per cent year-over-year increase in average daily room rates (ADRs) for the upcoming peak Christmas/New Year season, a growth rate exceeding industry norms.
IDB: ‘Greater efforts’ needed from Central Bank on inflation
“Greater efforts” will be needed from the Central Bank of the Bahamas to contain and monitor the inflationary impact from Value-Added Tax (VAT) and other structural economic changes, a multilateral lender has warned.
‘Slow death’ fears if spend cut too deep
A small business advocate yesterday voiced fears the sector will suffer “a slow death” if Bahamians cut back too much on spending after the Prime Minister’s inflation warning, adding: “We don’t want to frighten people.”
‘Ad hoc’ taxation stifling economy
The Government was yesterday urged to stop the “ad hoc” imposition of new taxes, amid warnings that its National Health Insurance (NHI) financing plans will cause “a further contraction” of the private sector.
