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20% pt truck tax slash a 'tremendous blessing'
A Bahamian auto dealer yesterday described plans to lower Excise Tax rates by 20 percentage points on certain trucks as “a tremendous blessing”, telling Tribune Business his sales in this category had fallen by 75 per cent since the 2010-2011 Budget.
Sports in brief
THE fourth annual Georgette Rolle Junior Golf Camp is slated to get underway 9am to 2pm today in the Golf Driving Range at the Baillou Hills Sporting Complex.
‘Pie in the sky’: Gov’t slammed on Freeport regulation claw back
Calls for the Government to reclaim regulatory authority over Freeport have been branded “a pie in the sky idea”, given the existing legal barriers to such a move.
Second Baha Mar SPV asset transfer
Baha Mar’s receivers and liquidators have left “no stone unturned” in their hunt for assets, quietly transferring a second tranche to the project’s secured creditor in December 2016.
Digital banking can’t be ‘rammed down throats’
A senior banker yesterday said the industry must adopt the “Mary Poppins with medicine” approach in encouraging more Bahamians and businesses to switch to digital transactions.
The undefeated
DICK Anderson remembered it as clear as day. When you go through a perfect season, how could one forget.
Gov’t ‘got nothing’ for foregone $2bn taxes
The Government’s deal with the Grand Bahama Port Authority (GBPA) “makes no sense” because it has gained just “nebulous promises” in return for foregoing potentially $2 billion in taxes.
‘We’re no longer the best owner’ for Bahamian bank
A Swiss financial group has sold its 85 per cent majority stake in Nassau-based Private Investment Bank (PIB), conceding that it “might no longer be the best owner” for the institution.
EDITORIAL: Murder count tops 100 again, despite COP’s promise
IN August of last year, Police Commissioner Clayton Fernander was insistent that the country would not pass a total of 100 murders. He was wrong.
Distribution of income and property
There is a nebulous myth here in The Bahamas that there is and has been a gradual equalisation in income and property ownership amongst our people. I
A people betrayed, says Ed Moxey, of the Pindling years
A people betrayed, says Ed Moxey, of the Pindling years THE PANACEA to all this country's social problems is Urban Renewal, PLP-style. The constant cry of the PLP is that the FNM came along, stole the PLP's idea, destroyed it and, in so doing, opened a P
CARIFTA water polo gold, bronze
Bahamas under-14 co-ed team bringing home the medals
With some highly- spirited performances, the Bahamas under-14 co-ed water polo team captured a gold and bronze medal at the CARIFTA Championships over the weekend in Miami, Florida.
Sports notes
IN Financial Bowling League competition Wednesday night, the Price Waterhouse Coopers bowling team sent a clear message which was that their team is no longer to be taken lightly.
Nottage vow in face of 25% rise in murders
NATIONAL Security Minister Dr Bernard Nottage broke his silence on crime last night, contending that the government is “up to the challenge” as the nation continues to grapple with startling crime statistics.
Man who died in plane crash was 88-year-old Texas native
POLICE have confirmed the American citizen killed when his small plane crashed on the island of Eleuthera as 88-year-old Coy Lee Austin.
BPL’s Shell deal process ‘oblique’
Bahamas Power & Light’s (BPL) efforts to outsource electricity generation on New Providence were “oblique” and not fully transparent over a deal ultimately won by Shell North America.
Bahamian players clash in Canada U Sports Basketball
CANADA’s U Sports Basketball season opened with several matchups between Bahamian players with their respective programmes.Jordan Wilson and Shamar Burrows are in their second year with the Dalhousie Tigers, the No.2 ranked team in the country. Dalho
Bahamas broker 'pliant' in claimed investment fraud
The broker/dealer subsidiary of a BISX-listed company has been described by US regulators as “the pliant custodian” for an investment group accused of perpetrating an $140 million fraud, one investor alleging that it also failed to respond to its asset verification requests.
Lights out for 5,400 ‘can’t pay’ families
WORKS Minister Desmond Bannister revealed yesterday that 5,412 households across the country are “off the grid,” as a result of not paying energy bills for 60 days or more and collectively owe Bahamas Power and Light more than $5m.
Giants beat Bradley University 77-74
THE Bahamas Basketball Federation’s ‘Summer of Thunder’ is just over three weeks in and local teams have already achieved unprecedented success, with three wins in the summer-long series against top tier NCAA Division I teams.
