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Small Business Agency in 20% operating expense cap
The proposed Small Business Development Agency (SMEDA) can only allocate 20 per cent of its funding to cover operational expenses, freeing “no less than $8 million” per year to assisting Bahamian entrepreneurs.
‘Phenomenal’: Briland at 90% of pre-COVID levels
Harbour Island resort operators yesterday revealed business activity is at 90 percent of pre-COVID levels for Easter and beyond as they hailed a “phenomenal” rebound from the pandemic.
Businesses say - we’ll need a lot more
The Government was yesterday urged to "marry health with economics" to maximise the "phenomenal gesture" of its $60m bid to safeguard up to 10,000 jobs through tax credits and deferrals.
WORLD VIEW: We have to work together or be picked off, one by one
REPORTS are wrong in stating that eight Caribbean Community (CARICOM) countries are on a ‘blacklist’ recently released by the Organisation for Economic Cooperation and Development (OECD) over Citizenship by Investment (CBI) and Resident by Investment (RBI) schemes that they operate.
World View: Competition for benefits of second citizenship is global
Citizenship by Investment Programmes (CIPs) in the Caribbean have been the subject of much criticism, even though the financial and economic benefits of the programmes are undeniable. These programmes are operated by Antigua and Barbuda, Dominica, Gr
Tax break may help 41,000 homeowners
Prime Minister Perry Christie yesterday said more than 41,000 homeowners could benefit from the Government’s decision to waive real property tax arrears for owner-occupied homes valued at less than $250,000.
Power back on in more than half of homes
BAHAMAS Power and Light Ltd (BPL) has restored electricity to just over 50 per cent of its customers in New Providence and has “substantially completed restoration” in the Family Islands, however officials said last night that given the level of damage from Hurricane Matthew they are unable to give an exact date for full restoration.
Competition fears on Super Value's City Markets 'deal'
By NEIL HARTNELL Tribune Business Editor Rival food retailers have voiced fears that allowing Super Value to acquire City Markets' remaining stores would create a "virtual monopoly" in the New Providence supermarket business, with an estimated 60-80 per
Competition fears on Super Value's City Markets 'deal'
By NEIL HARTNELL Tribune Business Editor Rival food retailers have voiced fears that allowing Super Value to acquire City Markets' remaining stores would create a "virtual monopoly" in the New Providence supermarket business, with an estimated 60-80 per
Despite 20% sales growth, business 'ain't what it was'
A Bahamian businessman said yesterday he had seen “slight growth” of 20 per cent in sales at his Prince Charles Drive company, while noting that business “is not like it used to be”.
Coaches hold inaugural Throwers All-Comers Meet at COB
WITH no local track and field meet being held at the Thomas A Robinson Track and Field Stadium over the weekend, a group of coaches took advantage of the break to hold the inaugural Throwers All-Comers Meet at the College of the Bahamas on Saturday.
Two arrests after drugs found in separate incidents
Two men have been arrested in two separate incidents, after they were found in possession of dangerous drugs on Saturday.
Jones posts double double - 29 points and 16 rebounds
JONQUEL Jones starred for Bosnia and Herzegovina women’s national team and several other Bahamian players posted double doubles to lead their team in their respective leagues across Europe this week.
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.
Michael Pintard appealing for help to find missing Grand Bahama man
FREE National Movement leader Michael Pintard is appealing for help finding Philip “Big Mama” Stubbs, who has been missing for almost a week.
Two-sport star? Deyton Albury makes debut on the gridiron
DEYTON Albury is known for putting up big numbers on the basketball court. But he may be a two-sport star on the rise after his debut on the gridiron. Albury returned the opening kickoff 80 yards for a touchdown, rushed for 120 yards and another to
Global growth too low
Since September 2019, the Federal Reserve has been buying 80% of US Treasury debt. The US is borrowing from itself – unprecedented. The attack on the Abqaiq oil facility in Saudi Arabia in September 2019 that affected global oil supplies significantly barely increased oil prices. The killing of the Iran general by the US on January 3, 2020 barely influenced oil prices. The markets are not being influenced by threat to Middle Eastern oil.
Recognising women's softball legends
Members of the women’s national softball team of the late 70s and 80s were recognised yesterday during the House of Assembly session. The women were invited by Minister of Youth, Sports & Culture Dr Daniel Johnson as a part of events to honour International Women’s Day.
Sandals staff learning to save lives
BOTH Sandals Royal Bahamian and Sandals Emerald Bay are continuing their bid to ensure that as many as 80 per cent of their staff are trained to deliver life-saving aid, not only to resort guests, but to members of the public who may need assistance.
Unchecked spending boosted Govt deficit by 3.5% pts of GDP
Unchecked spending by the Christie administration added a sum equivalent to 3.5 per cent of GDP to the 2016-2017 deficit, Moody’s estimated yesterday, warning that Bahamian fiscal policy credibility has been undermined.
