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BPC director blasts 'preposterous' action

A Bahamas Petroleum Company (BPC) director yesterday slammed "preposterous" environmental activists for seeking to block this nation from discovering whether it has natural resources to exploit.

Central Bank back in compliance on Gov't debt limits

THE Central Bank yesterday said its government debt holdings are back in compliance with its governing Act, with medium and long-term maturities equal to 12.52 per cent of its demand liabilities.The regulator, responding to the IMF’s Article IV repor

PHA: Expansion of salaries and benefits 'not sustainable at this time'

THE Public Hospitals Authority has disclosed that the expansion of salaries and benefits of medical personnel is “simply not sustainable at this time”, in the wake of last week’s demonstrations by healthcare unions over such outstanding issues.

'How could I compete' against 7 cents power?

A Bahamian businessman yesterday questioned “how am I supposed to compete” against foreign rivals whose all-in electricity costs are almost two-thirds lower than BPL’s fuel charge.Robert Myers, who also heads the Organisation for Responsible Governan

Web shop tax hikes ‘in our best interests’

The web shop industry tax hikes are in “the best interests of the Bahamian people” due to the social costs the sector imposes, a Cabinet minister argued yesterday.

Govt can save $80m by ‘verifying’ workers

The Bahamas Public Services Union’s (BPSU) president yesterday suggested the Government’s ‘employee verification’ exercise could slash recurrent spending by around $80 million.

‘No room for failure’ on auto tax exchange

The Bahamas “has no room for failure” in implementing automatic tax information exchange, a prominent QC warned yesterday, adding that it would be “extremely prejudicial” to this nation’s interests to miss the 2018 launch date.

EDITORIAL: Bahamians – understand the past to find the future

PHILIP “Brave” Davis, who now heads an Opposition of three members in an FNM parliament, although admitting that his party made mistakes during its five years in office, saw no reason to apologise to anyone for those “mistakes”. Not only was he not going to apologise, but he wanted Bahamians to note that after only three months in office the FNM have shown that they have no plans to eradicate crime.

Bahamas ‘grew’ stopover market share during 2012

Hotel industry leaders yesterday disputed Moody’s assertion that the Bahamas had lost stopover visitor market share to Caribbean rivals, saying this nation “held or slightly increased” its share in 2012 - a year that 1.35 million air arrivals made the best since 2008.

Warning of lower growth than forecast

The International Monetary Fund (IMF) yesterday slashed its 2013 economic growth forecast for the Bahamas by 80 basis points, prompting an Opposition MP to urge: “We have to find new ways to grow this economy.”

VAT not mandatory for 15,000 firms

More than 80 per cent of Bahamian companies, numbering more than 15,000, will not be mandated to pay Value Added Tax (VAT), with financial services and health/education among the industries exempt from paying it.

Carrier's $40m spend waits on Gov't approval

A Bahamas-based communications provider will invest at least 80 per cent of its planned $50 million capital expenditure programme in this nation, once the Government approves its majority acquisition by an international player.

Vixens defeat the Lady Truckers

THE New Providence Volleyball Association opened its 2012/2013 season at the DW Davis Gym on Sunday.

Eight years in jail for shooting police officer

A MAN was sentenced to eight years imprisonment yesterday when he owned up to shooting at a police officer more than a decade after the incident occurred.

LPGA: Georgette Role ends up at No.21, out of contention

AFTER two promising days in the Kissimmee Bay Golf Classic, Bahamian golf pro Georgette Rolle suffered a disappointing third round to fall out of contention.

Leonard ‘Boston Blackie’ Miller, 82, laid to rest

IT’S a pity that after all Leonard ‘Boston Blackie’ Miller did for the Bahamas as a national and international sporting icon in boxing and cycling and as a respected mentor, coach and philanthropist, he didn’t get what he deserved.

Jones: ‘We are taking it one game at a time’

Jonquel reacts to Game 2 loss

Jonquel Jones and the Connecticut Sun are once again facing a must-win situation to keep their 2022 season alive.

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