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Bank chief warns VAT to increase prices 10%
A top bank executive yesterday estimated that the planned Value-Added Tax (VAT) would increase Bahamian consumer prices by around 10 per cent, with this and higher Business Licence fees increasing his institution’s operating expenses by an annual $2.5 million.
Tourism ‘90% unaffected’ by COVID-19 tightening
Tourism industry executives yesterday voiced optimism that the industry’s recovery will not be impacted by the government’s tightening of COVID restrictions, with one asserting it will be “90 percent unaffected”.
High Flyers soar to championship
The Breezes High Flyers had their best offensive output in the final game of the series to claim the New Providence Basketball Association Division II Championship.
Service honours Sir Sidney Poitier
A STATE-RECOGNISED Service of Thanksgiving in honour of the late Sir Sidney Poitier, KBE, was held on Father’s Day.
Jones posts double in Foxes’ victory
FOLLOWING a break in competition for national team play at the FIBA Eurobasket 2021 Qualifiers, Jonquel Jones and her UMMC Ekaterinburg Foxes began FIBA Euroleague play this week and continued their dominance in the region.
UB Mingoes lose to STU Bobcats after strong start
MIAMI GARDENS, FLORIDA – Kemsy Sylvestre and Justin Smith combined for 49 points for UB but a slew of three-pointers from St Thomas University late in the game kept the Mingoes from picking up the win.
Whylly, Goodman & Hurricanes win ACAA title
A PERFECT regular season continued with a perfect run through the playoffs for the Holland College Hurricanes as their Bahamian pipeline led the way to their seventh consecutive Atlantic Collegiate Athletic Association men’s basketball title.
San Salvador and Rum Cay residents learn from Joaquin and head for shelters
THE devastation caused by Hurricane Joaquin last year has given residents in San Salvador and Rum Cay all the motivation they need to evacuate homes, according to the administrator for both islands, Gilbert Kemp, who told The Tribune on Wednesday afternoon there has been very good response to relocating to shelters to ride out Hurricane Matthew.
Miss Earth Bahamas makes pageant history
MISS Earth Bahamas Vandia Sands has made pageant history, becoming the first Bahamian to win best national costume at one of the four major world pageants.
Insolvent adviser meets just 25% of $1m liability
An insolvent Bahamas-based investment advisor has been placed in Supreme Court-supervised liquidation due to its remaining cash balances covering less than 25 percent of its $1m-plus liabilities. Ed Rahming, the newly-appointed liquidator for Pacifi
MOXEY: STAFFORD SANDS BROKE THE STRANGLEHOLD OF WHITE RETAILERS
WHEN you enter the drawing-room of former parliamentarian Ed Moxey you know you’re entering into the space of a man who is at heart an archivist and a lover of history.
Cruise port hits 97% end-May occupancy
Passenger occupancies on vessels calling at Nassau Cruise Port in the final week of May exceeded 97 percent, it was revealed yesterday, signalling the sector is closing on full recovery from COVID-19’s ravages.
Family Islands: Half beat 110% pre-COVID target
Half the Family Islands boast hotels already beating forecasts that they will post room revenues equivalent to 110 percent of pre-COVID levels in 2023, it was revealed yesterday.
Sports news
THE Bahamas Rugby Union is scheduled to continue its Heineken Cup regular season at the Winton Rugby Centre 3pm Saturday when the Buccaneers take on Freeport. The early kick off is because Freeport has to catch a 6pm flight back to Grand Bahama.
‘Some progress’ on Baha Mar resolution
Negotiations over the stalled $3.5 billion Baha Mar project have made “some progress on the way forward” towards a commercial resolution, Tribune Business has been told.
No severance for 2,026 terminated Baha Mar staffers
The 2,026 terminated Baha Mar employees will not receive due severance pay and all benefits owed to them, amid increasing uncertainty over the $3.5 billion project’s fate come November 2.
Blue Raiders and Broncos hit the gridiron for final tune-ups ahead of Bahamas Bowl
As players and coaching staff become accustomed to the novelty of being in the Bahamas, they returned to some familiar confines yesterday as they hit the gridiron for one of the final tune-ups ahead of the 2015 Popeyes Bahamas Bowl.
CLUBS AND SOCIETIES 01232016
Cycling Club Bahamas. - The Enjoy! Cycling Club Social will be held on Friday, January 29, from 7pm-10pm at Island House near Lyford Cay. Bus pick-up from Harbour Bay, 6pm sharp and Cable Beach Police Station at 6:30pm sharp, returning at 10pm.
Cat Island committee gets $35,000 gov grant for 59th annual regatta
ALTHOUGH it’s considered just a “drop in the bucket,” the Cat Island Regatta committee received a grant of $35,000 from the Bahamas Government for their 59th annual regatta to be held at the regatta site in the “cultural capital of the Bahamas” in New Bight, Cat Island, over the Emancipation holiday weekend.
Deadlock in talks over Baha Mar
WITH the employment of thousands of Baha Mar workers hanging in the balance, negotiators ended a protracted second day of talks in China without a deal to push the project forward, Tourism Minister Obie Wilchcombe said.
