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Nassau airport loss up 8-fold to $37.4m
The Nassau Airport Development Company’s (NAD) net loss rose more than eight-fold to $37.396m for the year to end-June 2021, exposing the full extent of COVID’s devastating travel impact.
Food for the homeless thanks to Rotary Event
THE Rotary Club of Grand Bahama distributed hot breakfast and food care packages to the homeless community and a local homeless shelter in Grand Bahama on Saturday.
‘We’re not taking VAT change sitting down’
A Freeport manufacturer yesterday warned its competitiveness will be undermined, and presence in The Bahamas endangered, by VAT reforms that have seemingly removed its ‘zero rated’ status.
‘Time long overdue to act on gender violence’
SENATE President LaShell Adderley says the time is now to enforce, amend and enact legislation to curb the scourge of gender-based violence in the country. “Enough is enough,” she said yesterday.
National debt just under economy’s size at 98.4%
The Bahamas’ national debt was just less than the size of the economy at end-September 2021 after increasing to almost $10.5bn over the previous three months, it was revealed yesterday.
Doctors ‘completely confident’: COViD test staff grow by 100
Doctors Hospital is “completely and absolutely confident” it can meet new US COVID testing protocols and higher Christmas/New Year travel demand after a 100-strong staffing expansion.
STATESIDE: Make no mistake, the game’s already begun before the first votes are cast
These days, it often seems like the United States actually has four major political parties, not just the two-party duopoly which has prevailed for much of the past 100 years. While there have been exceptions like Ross Perot in 1992 and Ralph Nader in 2000, third-party candidates have rarely influenced national election results in recent decades.
Cruise port profitability matches ‘lock up’ end
Nassau Cruise Port is forecasting that it will start generating profits by 2024 - a timeline that coincides with the end of a three-year “lock-up” for investors in its 49 percent local shareholder.
IMF: 12% VAT rate ‘lowest in Caribbean’
The Bahamas’ soon-to-be-repealed 12 percent VAT rate was branded “the lowest in the Caribbean” by the International Monetary Fund (IMF) in its much-debated report to the Government.
Halkitis hits out at FNM over VAT Bill amendment
MINISTER of Economic Affairs Michael Halkitis accused the Free National Movement of continuing to “peddle its misguided tax policy” by trying to pass a last-minute amendment to the government’s Value Added Tax Bill in the House of Assembly last night.
Opposition’s last-ditch VAT change bid fails
A Cabinet minister last night slammed the Opposition’s bid to introduce last-minute changes to the VAT Bill as the two sides continued to trade blows over the rate cut and ‘zero ratings’ end.
‘Buddy’ erupts for 25 in triple OT win, Jones scores first NBA points
IN an eventful weekend for Bahamian players in the NBA - Kings interim head coach Alvin Gentry continues to laud the growth of Chavano “Buddy” Hield, Deandre Ayton and the Phoenix Suns chase franchise history and Kai Jones got the first field goal of his NBA career.
Furlough ‘frustration’: Workers want finality
A union president yesterday warned that the 90-day extension to the COVID furlough period is “adding to the frustration” of long-suffering workers who want “finality” for their plight.
Fidelity eyes $21m-$22m profit following ‘overshoot’
A BISX-listed bank is targeting full-year net income of $21m-$22m after its exceeding its budgetary target during the first nine months of 2021, its chief executive revealed yesterday.
Aliv: ‘Honeymoon period’ now over
Aliv’s top executive yesterday warned that “the honeymoon period” is over despite service revenues enjoying four successive month-over-month increases to hit $5m for October.
‘We need more from resident billionaires’
The Bahamas “needs a little more than residency” from the multiple millionaires and billionaires that reside within its borders, an accounting firm’s principal is urging.
Bahamas had to ‘walk and chew gum earlier’
The Bahamas should have “found a way to walk and chew gum” earlier in the COVID-19 pandemic so as to minimise its foreign currency debt hike, an economist argued yesterday.
$6m claims jump drives Bahamas First into loss
Bahamas First has warned “it will take some time” to correct problems with its Cayman subsidiary’s life and health portfolio that have been blamed for a $6m-plus jump in claims payouts.
Kalik maker eyes 10% supply chain cost rise
Commonwealth Brewery is predicting that global supply chain disruption will increase its costs by 10 percent over the remainder of 2021 as it sustains its return to profitability.
Bahamas ‘like boxer with hand tied its behind back’
The Bahamas is “like a boxer with one hand tied behind its back” because it has failed to determine the true value of the Government’s multiple assets, a prominent banker argued yesterday.
