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No matching Customs duty fall from VAT
Wall Street is not anticipating that the introduction of a Value-Added Tax (VAT) will lead to a matching drop in revenues generated from Customs Duties, a prominent Bahamian accountant believes.
IDB study shows VAT 'positive' for jobs, growth
An Inter-American Development Bank (IDB) study has shown that Value-Added Tax (VAT) will have a “positive” impact on the Bahamian economy’s growth and employment prospects in the medium-term, a senior official said last night.
APD chief: 'fair concerns' over ship rate rise
The Arawak Port Development Company’s (APD) chief executive yesterday admitted that Bahamian importers had a “fair concern” about an increase in shipping rates following Crowley’s pull-out, but maintained that there were still “sufficient” carriers serving the market.
Francis, Ferguson and Turnquest are victorious
Teenagers Joshua Turnquest and Shannon Francis, fresh off their appearances in the IC North American 16-and-under Junior Challenge, pulled off victories in three of the six scheduled matches played in the men’s qualifying round of the Giorgio Baldacci Battle of the Elite Players Tournament at the National Tennis Centre on Tuesday.
Minister wants an end to cash for gold
NATIONAL Security Minister Bernard Nottage called for the closure of the country’s cash for gold stores, as well as a ban on copper exports, in light of statistics showing that more than half of all armed robberies are involving jewellery or copper.
PM praises Ingraham for letter to China
PRIME Minister Perry Christie yesterday praised his predecessor Hubert Ingraham for the efforts he has made to help spur a quick resolution to the disputes that stalled the $3.5bn Baha Mar project.
Backbenchers disillusioned by govt - Moxey
Backbenchers disillusioned by govt - Moxey THERE are those today who are convinced that if Ed Moxey's dream of a cultural community centre in the heartland of the Grove had been allowed to grow, the shipwrecked state over which we mourn today would not h
Backbenchers disillusioned by govt - Moxey
Backbenchers disillusioned by govt - Moxey THERE are those today who are convinced that if Ed Moxey's dream of a cultural community centre in the heartland of the Grove had been allowed to grow, the shipwrecked state over which we mourn today would not h
Backbenchers disillusioned by govt - Moxey
Backbenchers disillusioned by govt - Moxey THERE are those today who are convinced that if Ed Moxey's dream of a cultural community centre in the heartland of the Grove had been allowed to grow, the shipwrecked state over which we mourn today would not h
Backbenchers disillusioned by govt - Moxey
Backbenchers disillusioned by govt - Moxey THERE are those today who are convinced that if Ed Moxey's dream of a cultural community centre in the heartland of the Grove had been allowed to grow, the shipwrecked state over which we mourn today would not h
Buddy ‘Buckets’ 12 but Harden, Rockets get 10th straight win
HOUSTON (AP) — James Harden had 28 points, nine rebounds and nine assists, and the Houston Rockets fought off a late rally to get their 10th straight win, 100-91 over the Sacramento Kings on Wednesday night.
Standing ovation for Buddy Hield in Oklahoma
IT is not often that you see a home crowd give a standing ovation to an opposing player, but that is exactly the reception Buddy Hield received when he returned to Oklahoma as a professional.
Bahamians being kept in dark about government’s NHI plans
IN his budget address in the House of Assembly on May 27 this year, Prime Minister Christie announced that his government planned to introduce its National Health Insurance plan on January 1, 2016.
Gov’t ‘definitely’ beat first $150m VAT goal
Value-Added Tax (VAT) “definitely” generated more than the $150 million net revenue increase targeted for the 2015 first half, a top official yesterday revealing that June’s compliance rates matched those for the first quarter.
Project to unlock handicraft sector being squandered
An award-winning electronic platform intended to unlock $6 million in annual sales for Bahamian indigenous “treasure” is in danger of being squandered, its key architect has warned.
‘Full steam ahead’ on $30m project relaunch
Construction on a ‘relaunched’ $30 million Cable Beach development is “moving full steam ahead”, its principal disclosing that 150 workers will be employed at the project’s peak.
Stung, tired and in hospital - but swimmer sets world record
ULTRA-marathon Australian swimmer Chloe McCardel carved her name into the history books early yesterday by swimming almost 80 miles unassisted from the southern tip of Eleuthera to New Providence – but spent the day in hospital as a result of severe jellyfish stings.
Expert warns fraud is common in the Bahamas
A certified Bahamian fraud examiner said fraud is common in the Bahamas and that people are finding ways to come up with more “complex and diversified” fraudulent schemes.
BPL to raise $100m in fiscal 2017-2018
Bahamas Power & Light (BPL) plans to raise $100 million in new debt financing during the 2017-2018 fiscal year, it was revealed yesterday, and is working on a new tariff structure and customer debt forgiveness.
Port chief eyeing Abaco power cable connection
The Grand Bahama Port Authority’s (GBPA) president yesterday suggested running an electricity cable between his island and Abaco as a way to “stabilise” electricity costs and bring rates down.
