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OECD shouldn’t have failed Bahamas over ‘one element’
THE BAHAMAS argued in vain to the Organisation for Economic Co-Operation and Development (OECD) that it should “not fail the entire test on one element” of tax information exchange, a Cabinet minister disclosed yesterday.
Gov’t in near-$40m deficit for August
The Government incurred a near-$40m deficit during August 2022 as it reclassified almost $35m of revenues earned in July as VAT, Ministry of Finance data released yesterday revealed.
Mitchell says goalposts shifting on tax
DESPITE the notion that Caribbean countries with competitive tax regimes are robbing European countries of revenue, Foreign Affairs Minister Fred Mitchell said the evidence shows the opposite of this is true.
Auditors could not verify FBI bait broker’s $1.5m
Auditors for a Bahamas broker/dealer once used as ‘bait’ by the FBI refused to give its last accounts a clean bill of health because they were unable to verify the existence of $1.5m held with other financial institutions.
BTVI has already tackled auditor general concerns
I write to provide important information in reference to a story on October 20, 2022, related to the Bahamas Technical and Vocational Institute (BTVI).
Smaller stores ‘lead way’ on price control response
Small, inner-city and Family Island food stores were yesterday said to be “leading the way” as the industry works “feverishly” to supply the Government with an alternative to the massive price control expansion by this Friday.
PRICE CONTROLS MOVE ‘DISASTER’: Pintard calls for govt rethink over impact to business
FREE National Movement leader Michael Pintard called on the Davis administration to reverse its decision to enforce price controls on additional items, warning that to continue the measure is another ingredient to a “recipe for disaster” for hundreds of businesses in the country.
‘Future generations will say we did no favours’
COVID has worsened The Bahamas’ looming savings and retirement crisis, a pensions specialist warned yesterday, adding: “Future generations will say we did them no favours.”
Food security
Zimbabwe was known as the breadbasket of Africa until 2000 exporting wheat, tobacco, and corn to the wider world, especially to other African nations. However, today Zimbabwe is a net importer of foodstuffs from the Western World. Many farm owners and farm workers have been killed during violent takeovers.
Liveable wage not possible without productivity boost
A CABINET minister yesterday warned that achieving a “liveable wage” will not be possible unless there is an improvement in Bahamian worker productivity and business efficiency.
Don’t ‘demonise’ food sector over price controls dispute
Grocery retailers are anxious not to be “demonised” over their opposition to an expanded price control regime they fear could undermine Bahamian food security, an attorney said yesterday.
EDITORIAL: So many left hungry in our nation
YOU don’t have to look far to see signs of how hard life is for many Bahamians.
No sanctions over price control ‘death warrant’ execution
The Government last night backed down from imposing sanctions on food retailers and pharmacists who fail to enact the expanded price control regime - which one branded “a death warrant” - by today’s deadline.
The Bahamas’ top two life insurers downgraded
The Bahamas must “take concrete steps” to reverse the trend of sovereign credit rating downgrades after the country’s two largest life and health insurers saw their own financial strength assessments slashed as a result.
HUBERT EDWARDS: Missing the mark on our economic dignity
From a regional perspective, the mission of getting Caribbean countries to a position of economic sustainability and resilience will demand national innovation, productive creativity and a herculean effort on prudent fiscal management. It will also require an unfailing commitment to delivering value across the broadest socio-economic divides that these countries have ever experienced, and a radical cultural shift at multiple levels.
Long Island cruise port build-out to hit $500m
The developer behind the planned Long Island cruise port has committed to employing a workforce that is a minimum 80 percent Bahamian for a project where the total investment could exceed $500m.
Proven competition: Jamaica group targets Bahamas move
Bahamian financial providers were yesterday told to “prepare themselves” for increased competition after a prominent Jamaican group with over $1bn in total assets unveiled plans to establish a physical presence here.
FNM: Address full of promises, not specifics
FREE National Movement leader Michael Pintard criticised Prime Minister Philip “Brave” Davis’ national address as full of “tremendous promises”, but lacking specifics on how the government will address serious issues such as crime and financing big commitments.
Gov’t in $40m surplus despite 25% VAT drop
The Government yesterday unveiled a rare $40.2m Budget surplus for July 2022 despite VAT revenues declining by more than 25 percent or some $36.5m year-over-year.
Avalanche!
ActivTrades
The first warning of an avalanche usually comes from the noise it makes, as the mix of snow, rocks and other debris rolls down mountain slopes at speeds that can reach 30 kilometres per hour.
