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Gas station dealers eye 45-50% margin growth
Petroleum dealers want “at least a 45-50 percent” margin increase if gas stations are to remain open once the COVID-19 pandemic has come to an end. Vasco Bastian, the Esso station owner at East Street and Soldier Road, told Tribune Business : “We st
New online battle to stop Disney cruise plan
THE Waterkeeper Alliance has partnered with leading environmental groups in the country to launch a digital campaign in protest of Disney’s plans to construct a cruise ship port in South Eleuthera.
Ex-Chamber chief pegs GB jobless rate at 35%
A former Grand Bahama Chamber of Commerce president yesterday estimated that the island’s post-COVID jobless rate is “hovering” around 35 percent given the absence of official data.
IMF’s no rate change stance ‘unbelievable’
The International Monetary Fund’s (IMF) assertion that Bahamian monetary policy should remain unchanged has been slammed as “unbelievable”, a well-known doctor asserting: “Interest rates must come down.”
Consultant’s comments ‘mystify’ retailers
The Bahamas Federation of Retailers (BFR) yesterday hit back at a New Zealand consultant’s assertion that concerns surrounding Value-Added Tax’s (VAT) implementation date and associated costs, plus the ‘inclusive pricing’, were being overplayed.
Resident’s anger after being prevented from removing seaweed
A FAMILY Island resident claimed that a newly implemented regulation that prohibits the removal of seaweed from beaches is “outrageous” and questioned the legitimacy of an island administrator’s erosion claims.
Auto chief ‘surprised’ on January’s strength
The Bahamas Motor Dealers Association’s (BMDA) president has admitted to being “a little bit surprised” over January’s business volumes, having expected that Value-Added Tax’s (VAT) introduction would spark a sharp decline.
‘Baha Mar committee is a sign of ad hoc governance’
LONG Island MP Loretta Butler-Turner yesterday criticised the formation of a committee to oversee payments to Baha Mar creditors, insisting that this was evidence the Christie administration lacked the ability to plan well, instead relying on “ad hoc” governance.
Mitchell says Baha Mar group fuelling racism
FOREIGN Affairs and Immigration Minister Fred Mitchell yesterday hit out at Facebook group “Baha Mar Citizen Awake”, accusing it of fuelling “racism” and extreme patriotism towards Baha Mar’s Chinese investors at the behest of the resort’s developer Sarkis Izmirlian.
PM priorities include jobs, youth and inflation
THE government’s top priorities for this year will include tackling inflation, creating more job opportunities for Bahamians and fostering youth empowerment, Prime Minister Phillip Davis said yesterday.
'Novel' human rights argument to counter OECD blacklistings
The Government was yesterday said to be developing a "novel" legal argument for presentation before the United Nations (UN) that The Bahamas' "human rights" are being breached by blacklisting tactics.
Atlantis shop steward’s firing incites protests
The hotel union’s president yesterday said he expects the “law to take its course” as a small group of workers protested at the Department of Labour against Atlantis’ decision to fire a shop steward.
Financial delinquents warned: Time almost up to restore health
Delinquent Bahamian borrowers were yesterday warned time is rapidly running out to restore their financial health with the country’s first-ever credit bureau set to issue its initial reports as early as May.
BPL's Abaco customer base just 50% of pre-Dorian size
Bahamas Power & Light (BPL) is receiving 75 reconnection applications per week from residents and businesses seeking to rejoin an Abaco customer base that is just 50 percent of its pre-Dorian size.
Bahamas urged to 'set standard' over crypto regulation
The Bahamas can “set the standard” for blockchain and cryptocurrency regulation by establishing an appropriate supervisory framework now, an industry specialist said yesterday.Michsel Casey, chairman of CoinDesk Advisory Board, said he “thoroughly en
Minister slams ‘lackadaisical’ investor compliance stance
A Cabinet minister yesterday slammed the Government’s “lackadaisical” efforts in ensuring investors live up to their Heads of Agreement obligations, adding: “There’s plenty of blame to go around.”
Financial Intelligence ‘put away in corner and forgotten about’
A KEY agency in The Bahamas’ battle against financial crime had been “put away in a corner and forgotten about”, the deputy prime minister argued yesterday.
Financial Intelligence ‘put away in corner and forgotten about’
A KEY agency in The Bahamas’ battle against financial crime had been “put away in a corner and forgotten about”, the deputy prime minister argued yesterday.
Don't be 'deer in headlights' if VAT not ready July 1
The Bahamas cannot adopt “a deer in the headlights” approach of Value-Added Tax (VAT) is not ready to go come July 1, a Tax Coalition co-chair yesterday calling for a phased approach to reform.
VAT is 'unfair, untimely and unreasonable' - DNA
DNA leader Branville McCartney continued his push for the government to rethink the introduction of Value Added Tax (VAT), calling it an “unfair, untimely, and unreasonable” burden to place on the backs of Bahamians.
