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Cruise port’s $3.5m ‘icing on the cake’
Nassau Cruise Port will receive an unexpected $3.5m windfall from its use by two cruise lines as a home port, with its chief executive branding the windfall as “the icing on the cake”.
Moody's challenges Govt's fiscal forecast
Moody’s has warned the Government it will be “difficult” to slash the fiscal deficit to 1.1 per cent of GDP by 2019-2020, unless it achieves faster economic growth or alters policy.
BPC: Oil royalties '30% higher' than Gulf of Mexico
The Bahamas Petroleum Company’s (BPC) royalty rates are “30 per cent higher” than those paid by Gulf of Mexico oil drillers, its chief executive disclosing that these terms were also “more onerous” than what is specified in the existing Petroleum Act.
Moody’s doubles down on ‘overly optimistic’ forecasts
Moody’s has doubled down on concerns that the Government’s Budget revenue forecasts are “overly optimistic” and that its debt servicing payments will be higher than projected due to the rise in global interest rates
Customs in smooth VAT introduction
The Customs Department has seen a relatively smooth Value-Added Tax (VAT) roll-out despite some minor hiccups, its assistant comptroller said yesterday.
VAT 'major concern' to Out Island hotels
OCCUPANCY levels at Family Island resorts remain in the low 30 per cent range, the Out Island Promotion Board’s (OIPB) president said yesterday, adding that Value-Added Tax’s (VAT) potential impact on the ‘bottom line’ of small properties was a growing concern.
Bahamian players on wrong side of upsets in NCAA
IT was a weekend on the wrong side of upsets for several high profile Bahamian basketball players in NCAA Division I conference play.Charles Bain had one of his best shooting performances of the season, but it was not enough to prevent his Robert Mor
'Get a mammogram - it might just save your life'
WITH high rates of breast cancer in the country, a local surgeon is urging Bahamian women to get routine mammograms.In support of breast cancer awareness month, Cleveland Clinic, Florida, hosted its first symposium on Wednesday to address the high pr
Doctor sounds alarm over toxic products
Toxic personal care products are a major cause of inflammation, leading to the onset of degenerative diseases, said anaesthesiologist Dr Sy Pierre, a guest speaker at a recently held public lecture at Doctors Hospital.
TOUGH CALL: Is it time for FNM to change horses or hold a steady course?
WITH less than eight months to the next British general election, the opposition Labour Party appears to be having buyer’s remorse over its choice of leader. In fact, there are some interesting parallels with the political situation here.
Sports in brief
THE lanes at Mario’s Bowling & Entertainment Palace were on fire Monday night as the City Bowling League continued its regular season action.
Lucayan chair: 'Do you want another Oasis?'
The new Grand Lucayan Board will meet this morning to determine if a hotel operator is needed, its chairman asking critics of the Government’s deal: “Do you want another Royal Oasis?” Michael Scott, also chairman of the Hotel Corporation, told Tribun
‘Premature’ to hand back VAT windfall
A top private sector executive yesterday warned it might be “premature” for the Government to start ‘handing back’ its Value-Added Tax (VAT) windfall via other tax breaks, arguing that deficit reduction was the priority.
Businesses suffer 15-30% energy cost increases
MAJOR Bahamas-based businesses yesterday said that have seen electricity costs surge as much as 15-30 per cent year-over-year during 2012 to-date, one telling Tribune Business the issue was the "biggest deterrent" to getting into - and running - a company.
‘Too many taxi plates will hurt elderly’ warns union chief
The Bahamas Taxi Cab Union (BTCU) president says the elderly are suffering due to the 200 percent increase in the government’s taxi plate giveaway and many will “cry out” this coming September.
Gov’t on deficit track even if 2024 ‘slides’
The Government’s prior year performance gives confidence that it remains on track to eliminate the fiscal deficit even if 2023-2024 “slides” from its original targets, a governance reformer said last night.
‘Reputation on chopping block’ over reefs threat
The Bahamas’ “reputation is on the chopping block” if it fails to immediately combat a new “pandemic” devastating the coral reefs relied upon by tourism and fisheries, activists warned yesterday.
BPL executives brush off ‘game plan’ challenge
BAHAMAS Power & Light (BPL) executives yesterday brushed off questions about their “game plan” as they moved to “fast track” the $95m installation of 132 megawatts (MW) in new power generation.
Exuma developer hits ‘warp speed’
A major Exuma project yesterday said it is hitting “warp speed” with its development plans, amid talks likely to result in it handing 150 acres to the Government for Georgetown’s redevelopment.
Red-Line Athletics athletes ready for the next step
The Red-Line Athletics track club saw a few of their star athletes cross the stage at the St Augustine’s College graduation ceremony yesterday. The newest members of the class of 2023 celebrated their milestone in front of family, friends, and guardians at the Atlantis Imperial Ballroom. The Red-line Athletes included Alexis Brown Jr, Clinton Laguerre, Tumani Skinner, Johnathon Fowler, Ezthia Maycock, Jadyn Demeritte, and D’Angelo Collie. The athletes are preparing for the next step as they venture into early adulthood.
