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Web shop industry: 2,000 jobs will be lost due to tax hikes

The web shop industry yesterday warned that 2,000 jobs will be lost, and 75 per cent of its locations will close, if the Government follows through with aggressive triple-digit tax hikes.

Sky Bahamas enjoys summer with 85% load on relaunched route

SKY Bahamas said yesterday that it was seeing 80 to 85 per cent load factors on its recently re-launched Freeport-Fort Lauderdale route, highlighting what its chief executive described as a “very good summer” for the Bahamian-owned airline.

Non stop party as 100 Jamz celebrates 20 years

CALL IT a party or an anniversary, either way, the talk of the town as the holiday weekend approaches is 100 Jamz and its 20th anniversary.

Progress along the waterfront

IT seems the leadership of Ed Fields something might now happen along the Nassau Harbour waterfront.

S&P downgrade a ‘wake-up call’

The Central Bank’s governor yesterday said Standard & Poor’s (S&P’s) August downgrade of the Bahamas’ sovereign credit rating to one notch above ‘junk’ status was “a wake up call”, not a “seismic event”.

First VAT filings: ‘Huge discrepancies’ unlikely

The Tax Coalition’s chairman is not expecting “huge material discrepancies” between the private sector and the Government over the first Value-Added Tax (VAT) filings, although he acknowledged: “The proof of the pudding is in the eating.”

83 Dominican poachers detained

MORE than 80 suspected Dominican poachers were apprehended by the Royal Bahamas Defence Force yesterday.

‘Full steam ahead’ on $30m project relaunch

Construction on a ‘relaunched’ $30 million Cable Beach development is “moving full steam ahead”, its principal disclosing that 150 workers will be employed at the project’s peak.

UB Mingoes stop Defenders 83-60, High Flyers rout Elite 92-76

KEMSY Sylvestre was one assist away from a triple double for the University of the Bahamas as they took out the Fort Charlotte Defenders 83-60 in New Providence Basketball Association action at the AF Adderley Gym on Wednesday night.

‘We’ve flattened the curve’

HEALTH Minister Dr Duane Sands said officials have managed to “flatten the curve” by having a maximum of six COVID-19 cases on any given day, but this does not mean the nation is out of the woods.

Do you know what makes up your perception?

IF your perception is 99 per cent of your reality, then isn’t it important to know what makes up your perception?

Fox invited to spring training with Rays

LUCIUS Fox is set to begin his 2019 season at an elevated status and continues his progression through the Tampa Bay Rays organisation.

Lucius Fox listed as No.11 overall prospect in Tampa Bay

LUCIUS Fox became the seventh Bahamian minor league prospect to be listed among the top 30 in his organisation by Major League Baseball this offseason.

‘Very confident’ of 80% rebound by mid-2022

The Ministry of Finance’s top official yesterday predicted the Bahamian economy will regain 80 percent of its pre-COVID capacity by June 2022 with key taxes forecast to rise by a similar magnitude.

650 extra jobs for Bahamians at Albany

THE newly-commenced development of marina residences at Albany, a luxury resort in south-west New Providence, is set to create an extra 650 jobs for Bahamians, bringing the total number of jobs available at the resort to more than 1,000.

Chamber chief: ‘Don’t get sidetracked’ over investor confidence

The Grand Bahama Chamber of Commerce’s president yesterday urged the Government “not to get sidetracked” by the furore over the Prime Minister suggesting investor confidence is “waning”.

Former PM raises more concerns over economy

FORMER Prime Minister Hubert Ingraham relentlessly attacked the Christie administration’s narrative about the fiscal condition of the economy Wednesday night, raising concerns about the rising debt despite Value Added Tax’s implementation while questioning the government’s ability to pay vendors and contractors the money owed to them.

The Tribune

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