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VAT cut’s ‘modest’ jobs, growth effect
Cutting the VAT rate to 10 percent will cause “only slight improvement” in job creation and economic growth, a University of the Bahamas (UoB) study asserts, while advocating it still “be pursued’.
Central banks love to print money
ActivTrades
Except for a few countries, Germany being a noticeable example where the use of physical cash to settle everyday transactions remains high due to cultural reasons, payment by electronic means is becoming more and more common.
Baha Mar unveils latest restaurant
Baha Mar has revealed that its latest restaurant option will open at its Grand Hyatt property on December 20, 2021.
BPL $535m bond ‘too late out gate’
The Minnis administration was “too late getting out the gate” on Bahamas Power & Light’s (BPL) mammoth $535m refinancing, an ex-union president said yesterday.
Ayton sidelined with right leg contusion – Suns centre posts second straight double double
Deandre Ayton had his second consecutive double double of the season but was also sidelined with a right leg contusion.
Aftershock Boxing Club hosts its first show in COVID-19 pandemic
VALENTINO Knowles and Keishno Major, two former top notch amateur boxers turned coaches and now organisers, were both quite impressed with what they saw from their newly formed Aftershock Boxing Club on Saturday night.
Burrows and Tigers get wins over Woodswide and Capers, Gibson and Huskies open season victorious
THE 2021-22 Atlantic University Sport men’s basketball season tipped off on October 29 and several Bahamians were active for their respective programmes in opening weekend double headers.
Prince catches three TDs
PRINCE Strachan continues to post standout numbers in his senior season of prep football.
Sweeting’s Cay residents ‘are still sleeping in tents’
MYLES Laroda, State Minister in the Office of the Prime Minister, was concerned that some Sweeting’s Cay residents were sleeping in tents, two years following Hurricane Dorian.
RBDF promotions approved ‘soon’
ROYAL Bahamas Defence Force Commodore Raymond King said promotions for the organisation should be approved soon.
Resort aims to bridge 36% T&C rates gap
An Exuma-based resort yesterday said it is striving for “five-star rock star” performance to match high-end Turks & Caicos rivals and bridge a 36 percent room rate gap.
DPM praises ‘exceptional’ Sandals 95% occupancy
The deputy prime minister yesterday hailed Sandals Emerald Bay’s “exceptional” 90-95 percent slow season occupancy levels with the resort chain eyeing further Bahamas expansion.
Stop mining toxic coal
IT’S DISHEARTENING that President Mnanagagwa has allowed Chinese citizens to mine coal in Hwange Zimbabwe.
Ayton ties career high 21 rebounds – Hield scores 26 points in 27 minutes
Buddy Hield’s Sacramento Kings got the better of Deandre Ayton’s Phoenix Suns in the first head-to-head matchup between the two this season.
STATESIDE: Zuckerberg and Goodell dealing with controversies
FACEBOOK owner Mark Zuckerberg and NFL commissioner Roger Goodell are both in the news these days, for many of the same basic reasons. While neither is likely very happy about the situation, they can likely take some comfort from the fact that they are both very wealthy, powerful and influential. And even in the near term, both are likely to retain the outsized influence they wield, both in the U.S. and around the world.
180 tests were used in free pilot scheme on Inagua
HEALTH Minister Dr Michael Darville said 180 rapid antigen tests were administered last week during the government’s pilot free testing programme on Inagua, resulting in three positive COVID-19 results.
Coalition chief optimistic VAT cut to boost revenue
The Coalition for Responsible Taxation’s head yesterday voiced optimism that the 10 percent VAT slash will generate more revenue than the current structure once zero ratings are eliminated.
‘$1bn hole in pre-election report’
AS he declared his administration’s plan to steer the country out of crisis, Prime Minister Philip “Brave” Davis said the government is faced with a $1 billion difference between numbers provided by the previous administration’s pre-election report and the true state of government liabilities.
Kerzner’s praise for Farrington
Two minutes ago I stumbled on my copy of the attached letter, apparently written to Barry Farrington by Butch Kerzner. I find it to be a profound and well deserved compliment to Barry. You may publish it if you wish.
‘Back On The Road Again’ set for November 6
THE inclement weather forced the postponement of the return of the Men’s Department of the Bahamas Baptist Missionary and Educational Convention’s Family Fun Walk Race on Saturday.
