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Cable TV price rise ‘sets bad precedent’
The Opposition’s deputy leader yesterday described Cable Bahamas’ recently-approved 27 per cent basic pay-TV price increase as “extremely generous”, arguing: “It sets a bad precedent.”
First year of VAT to bring in $250m over estimate
THE government has collected approximately $510m in value added tax revenue from January to November 2015, according to Minister of State for Finance Michael Halkitis.
Hang time with Jordan for Prime Minister
MICHAEL Jordan, National Basketball Association legend, yesterday sang the praises of The Bahamas, a destination he has visited for the past 15 years, during a media tour of the luxury Baker’s Bay Golf and Ocean Club in Abaco.
Bahamian joins UK Christian music initiative as judge
STEP FWD, a faith in action Christian movement that has a UK Top 10 Christian Music Chart, has added Bahamian Keith L Rolle of the KLR Management Group to their international panel of judges.
Focus falls on gratuities over VAT compliance
THE Ministry of Finance will be paying close attention to restaurants and similar establishments seeking to add a 7.5 per cent value added tax on their gratuity rates, Acting VAT Comptroller John Rolle said.
Generators to arrive at BEC - but Miller not sure if they are enough
THE first set of rental generators secured for the Bahamas Electricity Corporation will arrive this week, reducing the chance of blackouts during the summer months, according to BEC Executive Chairman Leslie Miller.
Commissioner of police emphatic that crime is down
EMPHASISING that “crime is down” in many categories, Police Commissioner Ellison Greenslade yesterday praised the government’s recent efforts to increase requirements for applicants seeking bail.
Teacher union president files appeal over suspension
BAHAMAS Union of Teachers President Belinda Wilson has filed an appeal over her six-month suspension for alleged undisclosed procedural violations imposed on December 18.
Maycock to appeal to Privy Council
MELVIN Maycock Sr was granted leave to go to the Privy Council to contest the Court of Appeal’s rejection of his application that questioned its jurisdiction in varying a sentence originally imposed on him from the Magistrate’s Court.
Aviation exec warns fee increases will make domestic travel ‘prohibitive’
A well-known Bahamian airline executive yesterday warned that fee increases being proposed by the Nassau Airport Development Company (NAD) would make domestic air travel “prohibitive”, describing such increases as an “obstacle” to Family Island development.
Aviation exec calls 'underground sector' into question
A well-known Bahamian airline executive has questioned whether the government was effectively trying to put domestic carriers out of business by allowing what he labelled as an “underground aviation sector” to exist.
Minister sees advantage in CRS treatment of US
A former financial services minister yesterday warned that it was “only a matter of time” before the US adopts the Common Reporting Standard (CRS) for automatic tax information exchange, throwing his support behind its listing as a “participating jurisdiction”.
Home rental regulation
Permit me space in your newspaper to comment on the proposed Tourism Development Corporation of the Bahamas Bill which I understand was pulled from the House today.
Annual Optimist Nationals at Montagu Bay in October
FIDELITY Bank (Bahamas) Ltd. has donated generous sponsorship to The Bahamas Sailing Association to support this year’s Optimist National Championship, the largest national junior event on the country’s sailing calendar.
Mobile money uptake hit by bank obstacles
A CABLE Bahamas executive yesterday suggested that commercial banking practices are an obstacle to the faster uptake of mobile money, adding: “We need to get on it right now.”
OTABOR WINS GOLD IN JAVELIN: Team Bahamas nets three silver medals
The Bahamas will return home from the inaugural Caribbean Games in Baie-Mahault, Guadeloupe, with a total of four medals, inclusive of a gold from strongwoman Rhema Otabor and three silver from quarter-miler Megan Moss, hurdler Oscar Smith and judoka Daniel Strachan.
9-member team for inaugural Caribbean Games
THE Bahamas will have a nine-member team among the 800 under-23 athletes from 29 countries competing at the historic inaugural Caribbean Games in Guadeloupe from June 29 to July 3.
Traditional finance providers have ‘duty’ to embrace crypto
Deltec Bank & Trust’s chairman yesterday asserted that traditional financial services providers have a “duty” to help innovators in the digital assets and crypto currency space.
URCA to look into complaints as channels vanish
THE Utilities Regulation & Competition Authority (URCA) said yesterday it is looking into RevCable Bahamas’s recent channel line-up change which has left many of the company’s customers irate.
Baha Mar announces latest launch of luxury residences
FOLLOWING launches in London and Asia, Baha Mar announced yesterday the launch of its luxury residences in New Providence. Rick English, Sr Vice President of Residential Sales for Baha Mar said that during the past two months, the company had been focused on ‘building excitement’ in global markets for owning a residence at Baha Mar.
