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Gov’t targets $246m BEC reform ‘windfall’
The Government yesterday revealed a $246 million energy reform ‘windfall’ that will temporarily arrest the national debt’s increase, amid new revelations about BEC’s dire financial straits.
Joaquin insurance loss stands at $14m
The Bahamian insurance industry is currently pegging gross losses caused by Hurricane Joaquin at $14 million, a sum equivalent to just 23 per cent of the initial $60 million damages estimate.
Eliminate VAT need via 70-80% tax compliance
The Tax Coalition’s co-chair has suggested that increasing tax compliance rates to 70-80 per cent under the existing system would eliminate the need for Value-Added Tax (VAT) or any other revenue reforms.
Former PM Ingraham pays tribute to Warren Levarity
FORMER Prime Minister Hubert Ingraham yesterday saluted ex-Cabinet minister and Grand Bahama MP Warren Levarity, 82, who died on Sunday after a lengthy illness, as a patriot and someone who devoted his life to improving the Bahamas.
Learning experience for running trio
IT was quite a learning experience for the Bahamas’ three-woman team to the North American and Central American and Caribbean (NACAC) Cross Country Championships over the weekend at the Manchester Golf Club, Mandeville, Jamaica.
Bahamian funds defraud leading banks of $219m
A psychologist dubbed Germany’s ‘mini-Bernard Madoff’ and a co-conspirator have been accused by the US government of using Bahamas-domiciled hedge funds to defraud some of the world’s top banks out of $219 million.
Oil explorer blasts activists over last ditch legal threats
Bahamas Petroleum Company (BPC) last night blasted oil exploration opponents for "significantly exaggerated" claims and waiting more than a decade to make a last-minute attempt to halt its plans.
REGULATORS, HIGH FLYERS WIN TITLE IN BASKETBALL NATIONALS
MR Ship It Freight Regulators and Breezes High Flyers represented the New Providence Basketball Association very well at the Bahamas Basketball Federation’s National Round Robin Tournament.
Airline industry faces $3.7m Customs debt
The Auditor General’s Office has urged Customs to collect millions of dollars in unpaid taxes and fees, including $3.747m collectively owed by 13 airlines as at end-June 2018.
D’Andre Vilmar dunk goes viral
D’ANDRE Vilmar appears to have regained the explosiveness and return to form from injury in his first season for the Missouri State-West Plains Grizzlies.
Bahamians sceptical on VAT revenue use
Many Bahamians are sceptical the Government will keep its promise to use Value-Added Tax (VAT) revenue to reduce the country’s deficit and $6 billion-plus national debt, according to a study conducted by College of The Bahamas (COB) students.
First land-based commercial coral farm opens in Freeport
CORAL Vita – the first land-based commercial coral farm in the world - was officially opened on Friday in Freeport, creating a new sector of sustainable aquaculture and innovation for reef restoration in Grand Bahama and The Bahamas.
Lyford Cay condo developer to move on ‘final approval’
The developer behind a controversial Lyford Cay condominium project yesterday said it will move forward to obtain “final approval” despite planning authorities requiring that the number of units be slashed by 30 percent.
Waltiea Rolle wants out of Turkish second division
AFTER spending the past four months playing in the Turkish women’s second division, Bahamian professional basketball player Waltiea Rolle wants out.The 6-foot, 8-inch centre, who has been the focus of attention for the Edremit Belediyes Gurespor, has
Yesterday’s referendum became a pawn to politics
NEW YORK Times’ op-ed columnist Frank Bruni, writing an appreciation of Cassandra Butts, President Barack Obama’s appointee as US Ambassador to the Bahamas, noted that she had been waiting for more than 820 days for confirmation in her post and was still waiting when she unexpectedly died on May 25.
‘Pay up’: students ignore loan plea
THE Education Loan Authority (ELA) is expected to resume loan services to students in the “not too distant future,” ELA Chairman Michael Foulkes disclosed yesterday, adding the entity has also commenced legal action in the Supreme Court against delinquent borrowers and guarantors to recover the more than $150m it is owed.
Bahamian professional basketball players shine on the global stage
LAST weekend’s schedule on the pro basketball circuit featured a number of standout performances from Bahamian players across the globe. Jaraun “Kino” Burrows scored a season-high 31 points, grabbed six rebounds and dished four assists in FOS Proven
Readers say CWC gained most from BTC deal
The majority of voters in The Tribune’s online poll say Cable and Wireless (CWC) benefited the most from the government’s recent BTC deal.
‘Junkanoo Boyz’ end up in 2-2 draw
The Junkanoo Boyz spoiled the Benna Boys chances of earning back-to-back wins when they secured a 2-2 draw yesterday evening in an away game in Piggotts, Antigua and Barbuda.
VIN numbers of stolen vehicles ‘being covered with false plates’
POLICE have noticed a trend regarding stolen vehicles where suspects are covering the original VIN number with a false plate, according to Commissioner of Police Clayton Fernander.
