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CORPORATE TAX PLAN REVEALED: Govt favours proposal of 10-12 percent rate for most businesses

The Government is leaning towards reforms that will see most Bahamas-based businesses pay a "modest" corporate income tax of either 10 or 12 percent with the only exception being small firms earning less than $500,000 annually.

Bahamas treasure hunter eyeing Nassau museum

A Bahamas-based underwater explorer yesterday said it is "seriously considering" opening a Nassau museum to showcase artifacts recovered from what has been billed as “the most valuable shipwreck in the Western Hemisphere”.

NAD returns to $322m debt terms compliance

The Nassau Development Company (NAD) no longer requires a government "commitment" or waiver from its lenders after returning to full compliance with conditions governing its outstanding $322.313m debt at end-September 2022.

Local banks pass anti-financial crime 'shadow shopping'

The Central Bank yesterday hailed the results of a 'mystery shopper' style survey of Bahamian financial institutions which found "rigorous evidence" they were in full compliance with efforts to combat financial crime.

Bahamas branch of British Legion experiencing financial difficulties

THE Bahamas Branch of the British Legion is experiencing financial difficulties as it tries to cover its June distribution of money and goods.

Gov’t striving to re-open Lucayan’s Breaker’s Cay

The Government has taken a "show me the money" approach with potential Grand Lucayan buyers at it works to open another part of the resort complex to support increased airlift to Grand Bahama, it was revealed yesterday.

PETER YOUNG: Turkey’s identity at stake as the country faces a possible presidential run-off

TO many people, Turkey is something of an unknown quantity. But it is in the news at present because of last Sunday’s parliamentary and presidential elections. These are said to be the most pivotal polls in the nation’s history and President Recep Tayyip Erdogan’s toughest challenge since he first came to power in 2003.

‘WE JUST SHOT OURSELVES IN THE FOOT’: Men’s national beach soccer team goalie speaks on Bahamas’ 4th place finish

It’s not every day that an athlete makes a successful transition from one sport to the other.

PM calls for support for Bridgetown finance plan

PRIME Minister Philip “Brave” Davis said it is morally imperative that Caribbean and Latin American countries support the Bridgetown Initiative, a global climate finance plan.

Fiscal year finish is ‘critical platform’ for 78% deficit cut

The Ministry of Finance's top official yesterday said the Government's financial performance over the next two months is "critical" to setting the foundation for a 2023-2024 fiscal year in which the deficit is forecast to be cut by 78 percent.

Promotion Board in 67% website visitor increase

The Nassau Paradise Island Promotion Board's (NPIPB) chief executive says there has been a 67 percent year-over-year jump in visitor traffic to its website as it works to convert this increase into actual visitors.

Investor forum puts Grand Bahama in the spotlight

THE eyes of the world are on The Bahamas when it comes to investment and conservation, a conference in Grand Bahama heard this week.

STATESIDE: CBS adds Championship League Soccer to lineup; although interrupted by Trump news

TUESDAY afternoon this week was generally a fine spring day on the American east coast, with the last remnants of a much-needed morning rainstorm having largely cleared out to create a pleasant day for work in the yard or other entertainments.

Illegal construction fight has been 'a rank failure'

The Bahamian Contractors Association's (BCA) president yesterday said builders are asking "why should we follow the law" following the country's "rank failure to manage the built environment".

Bahamas trade deficit up $325m at five-year high

The Bahamas' trade deficit expanded by $314.6m or 10.7 percent during 2022 to hit a five-year high of $3.254bn, it was reveled yesterday, as inflation and higher global oil prices caused import costs to soar.

GB Power solar rates '30% below Caribbean'

Grand Bahama Power Company says the solar power rate it has obtained from independent energy providers (IPPs) is "30 percent less than what you see elsewhere" in the Caribbean.

Govt to remove shanty homes via building regulations act

ATTORNEY General Ryan Pinder said the Davis administration would demolish shanty town structures using the process outlined in the Buildings Regulation Act after the Supreme Court failed to deliver a favourable result to the government last week.

GSSSA soccer season rolls on

THE Government Secondary Schools Sports Association (GSSSA) soccer season continued for the junior and senior divisions yesterday at the CH Reeves, DW Davis and CV Bethel soccer fields.

Basketball standout Richard Lowe commits to Northwood

AFTER leaving his fingerprints on Western Oklahoma State College for the past two seasons, Bahamian Richard Lowe has committed to taking his talent to Northwood University to play for the Timberwolves men’s basketball team.

Restaurant crowdfunder targeting $2.4m in sales

A restaurant entrepreneur yesterday said he is targeting $2.4m in total sales for 2023 as he mulls opening a third location on Carmichael Road.

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