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Shanty town demolitions, evictions can resume after court ruling
DEMOLITION of shanty town properties and evictions of residents can resume after a Supreme Court Justice lifted a previous injunction on Friday when residents failed to prove such actions would be unlawful.
Bran: 'Can't water out of stone' over health VAT
A former Democratic National Alliance (DNA) leader is blasting the Government's "misguided decision" to change the VAT treatment of health insurance claims payouts, arguing: "You can't get water out of a stone."
Mailboat runs aground off Egg Island
A GROUP of passengers and crew members had to be evacuated from the M/V Legacy after the mailboat ran aground in waters near Egg Island off Spanish Wells, Eleuthera, on Wednesday morning.
Bahamas liquidators explore FTX ‘restart’
FTX’s remaining Bahamas-based staff were paid a collective $635,297 through to end-January 2023 as provisional liquidators explore “options” that may include restarting its trading platform, it was revealed last night.
Bahamas ‘into line’ on economic substance
The Attorney General yesterday said reforms to bring The Bahamas’ economic substance regime “into line” are “not necessarily” designed to address the deficiencies that led to the country’s re-blacklisting by the European Union (EU).
Tourism Minister calls Minnis’ Bahamasair comments ‘irresponsible’
TOURISM, Aviation and Investments Minister Chester Cooper said former Prime Minister Dr Hubert Minnis was “irresponsible” when he told parliamentarians on Monday that millions of dollars were missing from Bahamasair.
BPL to re-enter hedging via 15% fuel cost lock-in
Bahamas Power & Light (BPL) yesterday signalled its intent to re-enter the fuel hedging market just one day after the Prime Minister sought to discredit how the strategy was employed by the former administration.
‘Worryingly low’ graduation’s blow to high-value economy
The Bahamas’ ability to develop high-value industries and diversify its economy are impaired by “worryingly low” graduation rates at its sole university with just 7 percent of students studying science and technology-related courses.
Rejected web shop loses licence appeal
The Gaming Board’s decision to reject a web shop’s licence bid during the industry’s legalisation was fully vindicated yesterday by the Supreme Court.
PM targets 75% of property tax billings ‘within four years’
The Prime Minister yesterday defended the Government’s aggressive target of more than tripling real property tax collections by asserting it plans to collect 75 percent of annual billings “within the next four years”.
BOB hopes for imminent commercial loan restart
BANK of The Bahamas is hoping to receive regulatory approval to restart commercial lending activities next month, its managing director said yesterday.
Bahamasair suspends flights to Haiti’s capital
Bahamasair’s weekly jet service to Cape Haitien has been “leaving full every time” even though service to the country’s capital has been suspended from January 28, its managing director revealed yesterday.
UB Mingoes men beat Giants 69-51
THE University of The Bahamas Mingoes men’s basketball team pulled off a 69-51 rout over the TMT Giants as the two teams faced off in their second matchup of the New Providence Basketball Association (NPBA) season at the AF Adderley Gymnasium on Saturday night.
Opposition ‘stunned’ at tripling of property tax
The Opposition yesterday said it was “stunned” by the Government’s forecast that property tax revenues will more than triple to $555m within four years, its leader saying: “I don’t see what the Prime Minister does.”
Goodman’s Bay property opens to $1.5m bookings
A NEWLY-opened Goodman’s Bay resort has more than $1.5m worth of confirmed bookings during its initial months, its developer revealed yesterday.
Signing allows $150m Briland expansion
THE Davis administration signed an amended Heads of Agreement yesterday with developers behind the Briland Club Residences & Marina development that will allow for the expansion of the Harbour Island-based project, set to cost some $150m.
$64K NIB SALARY AS MUCH AS AUDITOR’S: IDB says ‘bloated’ cost structure highlighted by average income
National Insurance Board (NIB) employees enjoy an average $64,000 income that nearly matches the earnings of the Government’s top financial watchdog due to a bloated cost structure, a study has revealed.
Firearms task force ‘to create safer Bahamas’
PRIME Minister Philip Davis said the success of a firearms task force will make fighting illegal weapons more likely by providing a coordinated and comprehensive approach to the problem.
Ed Armbrister Baseball League officially open
PLAY ACTION ON DIAMOND CONTINUES THROUGH TO APRIL
AFTER hosting their developmental training programme at Flamingo Park in Carmichael Road, organiser Michael Butler said it was time for them to expose the players to a full-fledged league with games being played at the Baillou Hills Sporting Complex.
DPM targets 8m visitors for 2023
The Deputy Prime Minister yesterday forecast that 2023 tourist arrivals will hit the eight million mark with downtown Nassau’s British Colonial Hilton set to fully re-open by year-end.
