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Gov’t increases its spending by $285m
The Government was yesterday accused of “spending on testosterone” after it increased 2016-2017 recurrent expenditure estimates by $232.708 million in the mid-year Budget.
Flying to a solution
The Minister recently announced that the biggest drag on Bahamasir’s profit was the high and increasing price of fuel, which he cited as approaching $85 per barrel. Even allowing for a jet fuel premium, can management be so dim as to buy fuel at such a huge margin over the present West Texas Crude quote of about $54, in a flat or even declining trend? That price has come nowhere near $85 since briefly in 2017.
UN speaker at Hilton event
ROTARY International’s chief representative at the United Nations in New York will be the guest speaker at an event at the British Colonial Hilton on February 21 under the patronage of Governor General Sir Arthur Foulkes.
Sands: Poor sacrificed ‘on tax efficiency altar’
The FNM’s chairman yesterday accused the Government of driving more Bahamian families into poverty, and sacrificing them “on the altar of tax efficiency”, by refusing to eliminate VAT on medicines and breadbasket foods.
Bimini starts to rebuild after terror of storm
BIMINI residents were relieved yesterday to start the laborious, but bittersweet process of restoration with no casualties or injuries after hundreds were unable to evacuate before the devastation from the passage of Hurricane Irma.
Turnquest: Only fair for web shops to pay 'their fair share'
FINANCE Minister K Peter Turnquest defended the government’s decision to increase taxes on gaming house operators on Thursday, saying it is only fair web shops pay “their fair share” for its impact on vulnerable communities.
Sports Notes
THE Bahamas Association of Independent Secondary Schools began its 2015/16 basketball season at various playing sites yesterday.
No Property Fund dividend until 80% occupancy rate hit
The BISX-listed Bahamas Property Fund will not pay shareholder dividends until its overall occupancy rate improves into the 80 per cent range, its administrator has told Tribune Business.
Nassau/PI resorts enjoy ‘best quarter’ for 7 years
The Nassau/Paradise Island hotel industry has enjoyed its “best quarter performance for seven years” during the first three months of 2015, with occupancies ahead of year-before comparisons through April.
Devynne, Carmiesha sign letters of intent to attend Purdue
PURDUE University, here comes hurdler/sprinter Devynne Charlton and sprinter Carmiesha Cox.
INSIGHT: Things CAN get better if only we pull together in the same direction
LAST week saw the return of students to face-to-face learning, and while there remain concerns about whether that will lead to greater spread of COVID-19, it was heartwarming to see children getting back to some form of normality.
MAKING HISTORY: 80-member team named for the CARIFTA Games
The Bahamas Association of Athletic Associations (BAAA) announced an historic 80 member 2023 CARIFTA team Tuesday at the Thomas A. Robinson National Stadium.
80% DIY anglers is ‘absolute nonsense’
The Fly Fishing Industry Association’s (BFFIA) president said yesterday it was “absolute nonsense” to suggest that so-called ‘do-it-yourself’ anglers (DIY) anglers represent 80 per cent of the industry, questioning the credibility of a 2010 survey that pegged the sector’s economic impact at $141 million.
Banks: 25% never verified Building Code compliance
The Central Bank is urging all licensees to ensure their offices can withstand a Dorian-type Category Five hurricane after 25 per cent said they had never confirmed Bahamas Building Code compliance.
Regulators exploring regime for blockchain
Bahamian financial regulators are exploring the creation of appropriate regulatory regimes for the emerging blockchain technology and cryptocurrency sectors.Their efforts come as The Bahamas hosts industry leaders, financiers, block signers and miner
INSIGHT: Ambassador gives the Haitian view on changes in immigration
The Bahamas recently changed its approach to immigration including introducing a belonger’s permit. Haitian Ambassador Jean Victor Geneus spoke to The Tribune’s Ava Turnquest about those changes and how they are failing to tackle the immigration problem . . .
STATESIDE: Hard to be hopeful with state and future of the Middle East
We will be reading and watching for days and weeks to come about the awful human misery unfolding in Gaza, one of the most politically sensitive enclaves anywhere on earth. The Tribune featured an in-depth look at the history of the region earlier this week. Here’s another brief take on the current tragedy.
Farming investors: ‘You can taste the difference’
The Bahamian principals behind a $60m hydroponic farm project yesterday voiced hope it will inspire “our fellow Bahamians” to invest in the sector, adding: “We’re full speed ahead.”
Activists 'misled' by minister on oil drill
Environmental activists yesterday alleged the delayed legal challenge to oil exploration in Bahamian waters resulted after they were lulled into a false sense of security by a Cabinet minister.
