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Marina chief hits at increased red tape
The Association of Bahamas Marinas (ABM) yesterday voiced frustration that the entry process for incoming boats and yachts has been made “more complicated and difficult” for 80 percent of the market.
Unchecked spending boosted Govt deficit by 3.5% pts of GDP
Unchecked spending by the Christie administration added a sum equivalent to 3.5 per cent of GDP to the 2016-2017 deficit, Moody’s estimated yesterday, warning that Bahamian fiscal policy credibility has been undermined.
Bahamas’ ‘first class fills before economy’
The Bahamas’ tourism rebound is seeing “first class fill up before economy class”, a Cabinet minister said yesterday, estimating that as much as 80 percent of the industry’s economic impact has returned.
Atlantis targeting $130m investment by end-2018
Atlantis’s top executive yesterday revealed that the Paradise Island destination resort is likely to invest a further $130 million to upgrade its amenities by 2018 year-end.Howard Karawan, its president and managing director, said “north of $80 milli
GB resort to give 18,000 'Memories'
Grand Bahama’s new four-star Memories Resort has more than 18,000 bookings “already in hand” to ensure an 80 per cent average occupancy level this winter, Prime Minister Perry Christie said yesterday, adding that Bahamasair will in May start a wet lease arrangement with its owners for service from up to eight US cities.
VAT rate rise 'criminal' if no compliance
A former Bahamas Chamber of Commerce president yesterday it was “criminal” for the Government to already be talking about increasing the 7.5 per cent Value-Added Tax (VAT) rate prior to getting the existing tax system’s compliance levels to 80 per cent.
Pamela Stuart dies, aged 91
MISS Pamela Stuart, 91, died at her Ridgeway, Eastern Road home just before midnight on Friday. Her funeral services will be announced later.
Butters named Player of the Week
Grand Bahamian Shackeel Butters of Williams Baptist in Walnut Ridge, Arkansas, has been named the American Midwest Conference (AMC) Men’s Basketball Player of the Week.
Bahamas in two-way tie for 2nd place
The Bahamas is sitting in a two-way tie for second place in the team standings after day one of the 32nd Caribbean Amateur Junior Golf Championships, thanks to the performances of Sophie Anand, Diego Azar, Heathcliff Kane and Tyesha Tynes.The quartet
Formal economy 'overpaying' its share of taxes
Poor compliance, caused by corruption, limited accountability and a lack of enforcement, has resulted in the Bahamian formal economy paying a disproportionate share of this nation’s taxes.
The runaway bride . . .
CALIFORNIA bride-to-be, Sheri Smith will tie the knot in Inagua on January 16, two days before she will tie her laces and run in Marathon Bahamas.
GB Power: Base raten rise offset by efficiency gains
GB Power: Base raten rise offset by efficiency gains Grand Bahama Power Company (GBPC) says the $0.03 base rate increase set to be imposed on consumers under its new tariff structure will be offset by fuel savings resulting from efficiencies generated by
Tap into your future
Tap into your future By ALESHA CADET Tribune Features Reporter BAHAMIAN Entertainer Tracey Ann Perpall (TAP) is hosting a four hour seminar to encourage young women to discover their self-worth. The sketch comedy artist said the overall goal of Thursday
Non-profit reveals 36% fall in distributed meals
The Bahamas Feeding Network (BFN) yesterday said corporate donations have dropped-off noticeably since the COVID pandemic even though one in every eight Bahamians is thought to be living in poverty.
Davis defends $14m spending on clinic contracts
“The 80 people in Rum Cay, 72 in Ragged Island or the 700 in Berry Islands all have the same rights as those in New Providence. They are all citizens. None has priority over the other,” Mr Davis said.
Eleuthera ‘jewel’ for sale at $15m
A “jewel of Eleuthera” is said to be attracting significant buyer interest after being put up for sale with a $15m price tag, a local realtor has disclosed.
Prison outbreak would be disaster
When the Bahamas Department of Correctional Services was relocated at Fox Hill in 1952, it was built to house a total of 334 inmates, with the main facility having a capacity of 224; a first offender’s facility being able to accommodate 80 inmates and a female’s facility, 30 inmates.
Regulators stay alive, Shockers take 2-1 lead
The Real Deal Shockers pulled off an 80-69 win over the Mail Boat Cybots to take a 2-1 lead in their New Providence Basketball Association men’s semi-final series, while Mr Ship It Freight Regulators stayed alive in their series against the Commonwealth Bank Giants with a 114-85 blowout victory.
GB POWER PLANT 'OVER 60% DONE'
By NEIL HARTNELL Tribune Business Editor Grand Bahama Power Company yesterday said its new generation plant is "more than 60 per cent complete" after a $40 million investment to-date, as the BISX-listed company that holds 50 per cent of its equity unveil
Golf event creates 3,000 room nights
ATLANTIS’S top executive yesterday said the wekend’s Pure Silk-Bahamas Ladies Professional Golf Assocation (LPGA) tournament generated some 3,000 room nights for the resort.
