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Corporate income tax: Not ‘holding the bag’
The Bahamas Motor Dealers Association’s (BMDA) president says a corporate income tax levied on net profits would be “fantastic” for the industry if it eliminates a Business Licence regime that can tax companies into a loss.
FTX chief orders Bahamas: Hand over SBF interviews
FTX’s US chief is accusing his Bahamian counterparts of seeking to “shield from scrutiny” details of their interviews with Sam Bankman-Fried and other key insiders that he now wants handed over.
‘Mother’ Pratt sworn in as new Governor General
CYNTHIA “Mother” Pratt was sworn in on Friday as the 12th Governor General of The Bahamas as she spoke of the need to “support the weak, and lift up the fallen”.
Bodybuilders earn their pro cards
Jimmy Norius and Tarran Knowles can now hold the distinction of being the first two Bahamians to earn their professional bodybuilding cards from two different organisations.
World eSports: Lucius finishes 33rd overall
AFTER advancing to the first round of the playoffs, gamer Johnathon Lucius fell to Peru to end his journey in the International Esports Federation’s (IESF) World Championships this past weekend.
Undefeated Cybots beat Crimestoppers
WITH the Bahamas Government Departmental Basketball Association (BGDBA) season winding down, the undefeated Bain and Grants Town Cybots dropped the Police Crimestoppers 88-81 this past weekend.
Bahamas Youth Flag Football League ‘in-season training’
THE Bahamas Youth Flag Football League (BYFFL) season returned this past weekend at the Thomas A Robinson national stadium.
UB Mingoes women’s volleyball team gains valuable experience
THE University of The Bahamas women’s volleyball team lost both matches to Florida National University Conquistadors but head coach Raymond Wilson said the team not only improved but also gained valuable experience heading into the season.
‘Nothing to ease pressure’ over high insurance costs
Bahamian insurers are warning there is “nothing that will ease the pressure” on soaring catastrophe coverage costs as they nervously await the total damages and insured losses from Hurricane Idalia’s strike on Florida.
‘Road map’ for 5G plan amid Starlink pushback
Regulators have pledged “to develop a road map” for deploying 5G (fifth generation) technology in The Bahamas amid continuing concerns from the two incumbent operators about the arrival of Elon Musk’s Starlink.
Building material suppliers watching for Idalia fall-out
Bahamian building materials costs and availability could come under pressure from post-Hurricane Idalia reconstruction on Florida’s west coast, local suppliers have warned.
ONE ELEUTHERA FOUNDATION – The need to strengthen the trades
This week, Ministry of Education officials released concerning news about the continued decline in the Bahamas General Certificate of Secondary Education (BGCSE) national examination results.
Pain and sadness on Dorian anniversary
THE anniversary of Hurricane Dorian still conjures pain and sadness for many people in Abaco and Grand Bahama.
BISX fund eyeing up to $10m warehouse raise
A BISX-listed real estate yesterday said it plans to raise up to $10m within the next six months to finance development of its Carmichael Road warehouse after profits near-doubled during the 2023 first-half.
UN specialist warns on storm debt cycle
A United Nations (UN) foreign debt specialist yesterday disclosed that The Bahamas is still paying off borrowings related to three post-hurricane restorations with the country facing “almost unbelievable pressure” from climate change.
Gov’t spending reform is ‘absolute necessity’
The Opposition yesterday branded reform of government spending as an “absolute necessity” as it argued that the $804.5m increase in total expenditure compared to pre-COVID levels is “possibly unsustainable”.
Sebas teams with University of The Bahamas to solve ‘dire need’ for skills
Island Luck’s co-founder yesterday teamed with the University of The Bahamas to launch the ‘Smarter Bahamas’ initiative that aims to solve the “dire need” for enhanced technology skills among local workers.
Gov’t told: Avoid ‘piecemeal approach’ over tax reforms
The Opposition’s leader yesterday urged the Government to avoid “a piecemeal approach” to reform in the FNM’s response to the corporate income tax proposal, warning: “We have a very small margin for error.”
Eugene Horton seeks another term in office as BBF president
WITH some unfinished business since moving up from first vice president to president during the middle of the past four-year term in office, Eugene Horton will be seeking another tenure at the helm of one of the country’s most fledgling sporting bodies.
Sebas in ‘tax-free zip code’ Aeropost plan
Island Luck's co-founder yesterday said his Aeropost e-commerce platform will differentiate itself from rivals by adding freight-forwarding capabilities that employ a "tax-free zip code" to offer clients better rates.