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$25m initiative to reverse 85% small firm credit rejection
A $25m Inter-American Development Bank (IDB) loan is aiming to reverse an 85 percent rejection rate on small business financing applications, it was revealed yesterday.
Over 1,000 firms escape mandatory VAT registration
The Government yesterday estimated it would lose over 1,000 mandatory Value-Added Tax (VAT) payers in increasing the registration threshold to $100,000, but would still “capture” almost 98 per cent of economic activity.
‘OVERWHELMED’: Nurses’ leader says staff struggling with stream of new COVID patients
AN increase of COVID-19 hospital admissions is overwhelming public sector nurses who are already strained by “poor” working conditions, Bahamas Nurses Union president Amancha Williams said yesterday.
BISX micro tier ‘not necessarily money making’
THE Bahamas International Securities Exchange (BISX) has admitted its planned micro-listing tier will be a loss-maker during its infant years, but believes the facility is essential to “bring the entrepreneurial spirit” into this nation.
Deal signed for 507 more CCTV cameras
THE Ministry of National Security signed a contract with Proficient Business Services yesterday for the expansion of the government’s closed-circuit television system, adding an additional 507 cameras to the initiative. National Security Minister Ma
NPBA: Wreckers pull of 108-82 win over Caribs
THE New Providence Basketball Association, displaying its new live statistics for all of its games on its recently constructed website, had just one match on Tuesday night with the Y-Care Wreckers pulling off a 101-82 triumph over the College of the Bahamas Caribs.
Danish investor in Freeport dies, aged 81
LONG time Freeport resident and wealthy Danish investor, Erik Christiansen, died on Saturday after a lengthy battle with cancer. He was 81.
$28m collected in the first month of VAT
THE government has collected nearly $28m in value added tax since the January 1 implementation date, according to Minister of State for Finance Michael Halkitis.
Basketball player Trevone Grant making move to Acadia
THE basketball journey continues for Trevone Grant as he prepares to make the transition to the university level.
Jury discharged in Gibson trial for protocol breach
THE jury in Adrian Gibson’s corruption trial was discharged yesterday after a Supreme Court judge dismissed two jurors for failing to obey protocols.
Jurors sworn in after lengthy selection process in Gibson trial
A NEW jury was empanelled yesterday in Adrian Gibson’s corruption trial after a lengthy selection process that dismissed several candidates because of their ties to the accused or witnesses.
Court of Appeal rejects Adrian Gibson's constitutional motion
THE Court of Appeal rejected Adrian Gibson’s latest constitutional motion on Friday, paving the way for his corruption trial to begin on Monday.
Ministry pleased with sports tourism ‘heads in bed’ plan
THE Sports Tourism “Heads in Bed” initiative worked perfectly for the University of Kentucky, which brought more than 800 fans to support their Wildcats men’s basketball team here last week.
Ayton and Suns advance to West Finals
A season of historic milestones will continue for Deandre Ayton and the Phoenix Suns in the Western Conference Finals.
‘Buddy’ scores team high 19 off the bench in loss
Chavano “Buddy” Hield showed little signs of rust in his return to action as the Sacramento Kings made their debut in the NBA 2019-20 season restart.
Pharmachem confirms Freeport job losses
PHARMACHEM Technologies has confirmed over 30 full-time workers and direct contractors were laid off at its facility in Freeport, but said the company will continue to inject over $20 million annually into the economy. In a statement issued yesterda
Gaither falls short of final place, Colebrooke seventh in his heat
TYNIA Gaither’s bid for a spot in the final of the women's 100 metres and Samson Colebrooke's attempt to get out of the first round of the men's 100m heat fell short on Saturday night at the 2020 Olympic Games.
Bahamas world's fourth largest IFC at $595bn
The Bahamas is the fourth largest international financial centre by assets, it was disclosed yesterday, with the $595 billion held by this nation’s financial institutions equivalent to 96 times’ gross domestic product (GDP).
New Defence Force vessels a fisheries 'bright light'
THE Government’s move to bolster the Royal Bahamas Defence Force’s (RBDF) fleet by purchasing nine new vessels was yesterday described yesterday as a “bright light” for Bahamian fishermen in the long-running fight against illegal poaching.
VIDEO: New RBDF ships to make maiden voyage next month
THE first of nine new Royal Bahamas Defence Force vessels will make its maiden voyage next month, National Security Minister Dr Bernard Nottage said yesterday.
