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Ministry's 'strong support' for $100k VAT threshold
Increasing the compulsory Value-Added Tax (VAT) registration threshold to a $100,000 annual turnover has “strong support” within the Ministry of Finance, as it would still capture almost 98 per cent of economic activity.
84 new cases and three more deaths as surge continues
EIGHTY-FOUR additional COVID-19 cases were recorded on Wednesday along with three more deaths.
Jonquel Jones and Sun start fast, breeze to 92-70 victory over Fever
JONQUEL Jones’ individual numbers are short of her MVP pace from a year ago, but a more balanced Connecticut Sun has surged ahead of the WNBA’s Eastern Conference standings.
Albany donates $1m to Urban Renewal
ALBANY developers yesterday donated $1m to the Urban Renewal Foundation in a move hailed as unprecedented in corporate sponsorship.
QC slams selection of Bimini as ‘model PPP’
An outspoken QC has slammed the selection of Bimini as a model tourism public-private partnership (PPP), arguing that the Resorts World project was “completely divorced from a harmonious relationship” with local Bahamians.
Baha Mar ‘not too far gone’ for arbitration
The $3.5 billion Baha Mar dispute is “not so far gone” that professional arbitration will be unable to resolve it, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive yesterday arguing that such intervention was becoming more urgent by the day.
Exchange rate was 'never in jeopardy'
The Bahamas’ $838 million foreign currency reserves “are in line” with both their internationally-recognised adequacy benchmarks, the Central Bank of the Bahamas governor yesterday saying the one:one US dollar peg was “never in jeopardy” over the past decade.
Jonquel Jones and Foxes win title
Jonquel Jones and the UMMC Ekaterinburg Foxes claimed their sixth FIBA EuroLeague Women’s title in club history.
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.
120 family medicine physicians required to provide primary care
caption: Medical school graduates, proud families and friends attend the induction and awards ceremony at Baha Mar as celebratory tunes is provided by the Royal Bahamas Defence Force Band. (BIS Photos/Kristaan Ingraham) Minister of Health Dr Duane
Boothe makes history with Marathon Bahamas victory
A testament to his consistency and longevity in the sport, Delroy Boothe returned as the overall winner of Marathon Bahamas in 2020, a decade after his first win at the event.
Baha Mar appoints ‘restructuring’ chief
Baha Mar yesterday pushed forward with its Chapter 11 plans by seeking US court permission to appoint a ‘chief restructuring officer; while Bahamian attorneys spent a second day attempting to thrash out the powers its joint provisional liquidators will possess.
$315m lost in Baha Mar tax
IT is estimated that the government has lost $315m in tax revenue from the beleaguered Baha Mar resort due its opening delays and the court appointed receivership process, according to an economic impact report of the $3.5 billion property obtained by The Tribune.
Accountant opposed by own creditors committee
An accountant is facing opposition from his own liquidation committee as he bids to obtain over $1m in compensation for efforts to wind-up a collapsed Bahamian broker/dealer.
We’re ready to take a hit on sale price
THE government has given itself a little over a month to close bids for the sale of the Grand Lucayan, according to Hotel Corporation chairman Michael Scott.
US warnings ‘threaten core of our existence’
The Bahamas “must do everything in our power” to combat US crime advisories, the Chamber of Commerce’s chief executive warning yesterday: “It threatens the very core of our existence”.
Andros Chickcharnies take home gold in golf
Grand Bahama Lucayans secure silver, NP Buccaneers win bronze
THE Chickcharnies will carry the sixth Bahamas Games team gold medal home to Andros.
Baha Mar eyes $12bn payroll
REAFFIRMING its commitment to a majority Bahamian workforce, a senior Baha Mar executive yesterday the $2.6 billion resort development would position the Bahamas for economic growth and activity over the next 20 years.
38 set to be honoured as National Sports Legends
THE nation’s newest NBA star Buddy Hield, former Deputy Prime Minister Dr Cynthia “Mother” Pratt, Women’s NBA standout Jonquel Jones, and veterans like Leonard Boston Blackie Miller, Peter Gilcud, swim coach Andy Knowles and sports administrators like Sir Arlington Butler as well as the late Vince Ferguson are joined by the country’s only test cricketer Ivan Johnson in the 38 Sports Legends list as part of the country’s 43rd Independence Anniversary celebrations.
Sports news in brief
THE Bahamas Lawn Tennis Association (BLTA) has confirmed that Iesha Shephard has been seclected to represent the Bahamas at the International Tennis Federation (ITF) 7th Regional Training Camp for players 13-and-under to be held in Tobago at the Shaw Park Tennis Facilities.