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FTX chief’s fate lies in Bahamas’ hands

THE FATE of embattled FTX chief, Sam Bankman-Fried, rests in The Bahamas’ hands in determining how many criminal charges he will ultimately face over the crypto exchange’s multi-billion dollar implosion, it was revealed yesterday.

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Ras Delancy named Player of the Year

Ras Jesse Delancy, in completing his sophomore year at Benedict College, added another feather to his cap when he was selected last week as the 2023 Division II National Player of the Year.

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GAS DEALERS WANT 30 CENT INCREASE – Association: Govt discussed change to fuel margins

Petroleum retailers say they refuse to become "paupers" as they intensify demands for a 30 cent per gallon margin increase which they have been seeking to obtain from the Government since April 2022.

Bahamas Striping working to improve Eleuthera and Long Island roads

BAHAMAS Striping Group of Companies (BSGC) general manager Melanie Roach said the company is working to improve roads on Eleuthera and Long Island.

Trade Policy aims to break export barriers

A Cabinet minister yesterday asserted that the newly-launched National Trade Policy will play a key role in helping to diversify the Bahamian economy through the creative industries plus sectors such as agriculture and fisheries.

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Ex-MP says: 'Gov't supporters trying to get hands on GBPA'

A former MP yesterday doubled down on concerns that "supporters of the governing party have been trying to get their hands on the Grand Bahama Port Authority" amid push back to calls for politics to be kept out of Freeport's future.

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Corporate income tax is 'wrong way around'

The Opposition's finance spokesman yesterday argued that The Bahamas has corporate income tax "the wrong way around" because the proposed reform options are forecast to suck "more money" from the private sector via taxation.

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Sears says newly launched Traffic Management Centre first phase to cost $1.8m

THE Ministry of Works and Utilities launched the first phase of its Traffic Management Centre yesterday.

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‘We want to make sure we have the best team’ for CAC

With the 2023 Central American and Caribbean Games all set for June 23 to July 8 in San Salvador, El Salvador, the Bahamas Olympic Committee is still looking at putting together the pieces for Team Bahamas’ participation.

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PETER YOUNG: Summits galore for world leaders

The ubiquitous and apparently tireless President Volodymyr Zelensky of Ukraine is perhaps today’s busiest leader on the world stage.

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Corporate tax plan 'dead on arrival' unless wider reform

The Government's corporate income tax consultation will be "dead on arrival" if it does not involve a "holistic" approach to comprehensive Bahamian tax reform, a prominent banker warned yesterday.

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Keep Freeport out of a 'political cess pool'

Major figures in last year's protest march to the Grand Bahama Port Authority (GBPA) have reiterated their opposition to its acquisition by the Government for fear Freeport will be dragged into "a political cess pool".

US will warn over crime

My prediction has happened. Two American tourists in Exuma robbed of thousands of dollars, another State Department Advisory will happen warning American tourists of the crime in The Bahamas.

Reinvesting 50% of corporate tax no GDP growth panacea

Reinvesting 50 percent of the revenues generated by a corporate income tax would lessen - but not eliminate - the negative economic impact of each of the four proposed implementation options, the Government is forecasting.

Club Med: Over 75% of workforce returns

Club Med's general manager yesterday revealed that more than 75 percent of the resort's staff have returned to work at the property despite its near three-year shutdown due to COVID-19.

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DIANE PHILLIPS: Morgan Freeman live, another nod to the orange economy

ONCE you’ve played God, it must be hard to be human. But on a recent Sunday night in the Atlantis Theatre, the real Morgan Freeman strolled out on stage, took a seat in a comfortable armchair and talked with a crowd of film festival goers, answering every question with humour and honesty, even if a few would not have gotten a thumbs up for intelligence on Rotten Tomatoes.

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ERIC WIBERG: The last flight of a Marauder

On October 17, 1944, five years into World War II, a B-26 Marauder aircraft assigned to the Royal Air Force Transport Command took off from the Windsor Field.

Revenue surge to $274m via corporate tax switch

The Government could near-double pre-COVID business taxation revenues if it were to implement a 15 percent corporate income levy across-the-board on all entities bar those generating less than $500,000 in annual turnover.

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Cat Island 'going to get whole hog'

Government officials yesterday pledged that Cat Island is "going to get the whole hog" when it comes to airport, roads and utilities upgrades and investments.

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PM blasts 'blinkered' officials' tax attitude

The Prime Minister yesterday slammed "blinkered" public officials for adopting inflexible approaches to the collection of outstanding taxes that "close the business" and hinder economic growth and productivity.