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Jones: BEC leak was mean-spirited
JONES Communications CEO Wendall Jones yesterday defended his company against “mean-spirited” reports on its outstanding electricity bills.
‘Hardship’ threat over VAT medical bill move
The Government is threatening to cause “additional hardship” for thousands of Bahamians who enjoy private medical insurance through VAT-related reforms that will increase medical bills and treatment costs.
NCAA: Mikhail McLean suffers broken leg
IT WAS a bittersweet weekend for several Bahamian players in NCAA basketball with a major injury for one and key conference wins for others.
VAT rate rise unlikely soon
A senior Ministry of Finance official yesterday said an increase to the 7.5 per cent Value-Added Tax (VAT) rate was unlikely in the near term, suggesting that even more revenue can be extracted from the existing tax base with further administrative “tightening”.
Relays give Atlantis 4,700 nights boost
The IAAF World Relays generated 4,700 occupied room nights for Atlantis, a Cabinet Minister said yesterday, with the event attracting more than 1,400 visitors to the Bahamas.
Sands: Still room to grow, with Family Islands key
The Bahamas Hotel and Tourism Association president said there is “more room for growth” and that the country should prepare for the consistency of year round tourism especially in the Family Islands.
Chamber chairman urges progress by collaboration
The Chamber of Commerce’s newly-elected chairman yesterday said labour and business must pursue positive dialogue, adding that the path to a better Bahamas was wide enough for both sides.Mike Maura, who is also the Arawak Port Development Company’s (
Flight Services comes alive with $200,000 deal
ALIV and Nassau Flight Services (NFS) yesterday announced a four-year partnership that will give the airport ground services provider upgraded communications services.
BISX adds new listing to mutual fund roster
The Bahamas International Securities Exchange (BISX) has added another listing to its investment funds roster.
DNA chief demands proper VAT auditing
The Democratic National Alliance’s (DNA) leader yesterday pressed the Christie administration for a proper accounting of Value-Added Tax (VAT) revenue, accusing it of wasting monies on pet projects and those that had gone over-budget.
BTC fears copper theft rise post-Irma
The Bahamas Telecommunications Company (BTC) yesterday expressed concern it will suffer increased copper theft in Hurricane Irma’s aftermath, adding that this brings “significant” cost.Andre Foster, the company’s chief operating officer, speaking abo
Gov't targets strategy for external insurance
FINANCIAL Services Minister, Ryan Pinder, told Parliament yesterday his ministry is preparing to launch a new strategy to position the Bahamas for captive and international insurance business, while adding that the investment fund sector has been identified as having growth potential.
Government 'undecided' over VAT, rate to be under 15%
THE government is still undecided over the implementation of Value Added Tax, Prime Minister Perry Christie revealed last night.
Nottage: People electronically monitored ‘too dangerous for the streets’
NATIONAL Security Minister Dr Bernard Nottage yesterday said that if left up to him, people accused of committing serious crimes would not be granted bail if their trial progresses in a “suitable period of time”. He added that people whose movements are being electronically monitored are “too dangerous to be put on the streets.”
Ministry brings VAT campaign to Facebook
The Ministry of Finance yesterday announced it had launched its Facebook page, taking its ongoing Value-Added Tax (VAT) educational campaign to the world’s fastest growing social media network.
Realtors compile VAT concern list
THE Bahamas Real Estate Association (BREA) is moving to compile membership queries and concerns on the proposed Value-Added Tax (VAT) system before it presents its formal position to the Government, its president says.
FIBA: Team Bahamas falls to Panama 88-66
THE Bahamas men’s national basketball team wrapped up its final two games in the FIBA Americas World Cup Qualifier with another loss. The team, coached by Moses Johnson, John Nutt and James ‘Jimmy’ Clarke, suffered a 88-66 decision against Panama yesterday. The loss came after the Bahamas was handed a 117- 70 rout against Venezuela on Thursday in Caracas.
Ferry to bring 1,000 persons daily to Bimini
THE Bimini Bay Resort’s developers yesterday said they hope to attract at least 1,000 visitors daily into Bimini, with ferry service expected to come on stream in October.
VAT bill ‘before end of the year’
BEFORE the end of this year the Davis administration expects to bring before Parliament three pieces of key legislation, including one that will decrease value added tax to 10 percent from the current rate of 12 percent.
Giants are NPBA champions
THE Commonwealth Bank Giants and Your Essential Store Giants are the 2023 New Providence Basketball Association (NPBA) division one and two champions. The pair of Giants wrapped up the last game of their series this past weekend at the A F Adderley Gymnasium.
