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FNM deputy: $20m ‘down tubes’ over Junkanoo Carnival
The FNM’s deputy leader yesterday charged that almost $20 million in taxpayer monies has “gone down the tubes”, amid increasing evidence that Bahamas Junkanoo Carnival cannot be sustained without government subsidies.
Proven ways to fall asleep faster . . . and enjoy a deeper sleep in the process
Most of us know how it feels after we’ve had a great night’s sleep. For me, the world becomes a better place and those first few breaths of fresh morning air are exhilarating. We sometimes deprive ourselves of this very basic need, and it’s not always intended. Our lives are full of distractions and these days smart devices may by the biggest culprits.
FNM’s deputy slams storm tax ‘nonsense’
The Opposition’s finance spokesman yesterday slammed the Government’s ‘hurricane tax’ proposal as “nonsense”, warning that an “already devastated” society and economy would find it impossible to bear further cost increases.
Airline's $4m spend hinging on US pass
A leading aviation executive yesterday said the success of his latest $4 million investment depends heavily on whether the Bahamas retains Category 1 status with the US, with federal inspectors due back in this nation today.
Multi-billion developers eye Ocean Club purchase
An Argentine developer and his Ukrainian-born billionaire partner are the duo seeking to acquire the One & Only Ocean Club from Brookfield Asset Management, Tribune Business can reveal, although no deal has been sealed yet.
VAT phase-in urged to avoid 'convulsions'
A prominent businessman has called for a 15 per cent Value-Added Tax (VAT) to be phased-in over six years, warning that implementing it in one go would cause “an enormous shock to the system”.
Super Value fears $4m cost from VAT split tax approach
Super Value’s president yesterday said the proposed VAT ‘split tax treatment’ for food retailers would cost the supermarket chain $3-$4 million per annum, and potentially “wipe out most of the industry”.
Gov't approves Ocean Club deal
The Prime Minister yesterday confirmed that Access Industries, the conglomerate controlled by Ukrainian-born billionaire Len Blavatnik, had received government approval to acquire Paradise Island’s One & Only Ocean Club.
Bahamas Water Polo team off to CARIFTA
WITH a chance to compete with some additional teams from the Florida area, the Bahamas will join three other teams from the Caribbean to participate in the 2023 Under-14 Co-Ed CARIFTA Water Polo Championships.
Top executive named at Small Business Centre
The government and its partners have named Davinia L Blair as executive director (ED) of the planned Small Business Development Centre (SBDC).She will head the centre, a partnership initiative with the University of The Bahamas (UB) and Bahamas Chamb
'Peace on da Street' Basketball Classic all set forJuly 16-20
YOUTH Against Violence is getting ready to hold its 23rd annual Peace on da Street Basketball Classic July 16-20 at the Hope Centre with five competitive divisions to be contested.Director Dr Carlos Reid is encouraging teams that haven’t done so to r
50th Annual Heart Ball lives up to expectations
FOR THE 50th time around patrons at the Annual Sir Victor Sassoon Heart Ball enjoyed a night of glitz, glamour and fun. The ballroom at the Melia Nassau Beach Resort, last Saturday, was filled with shades of gold, black and cream.
Albany: Bahamians to get 95% of 650 new construction jobs
ALBANY’s developers yesterday said its newly-launched Marina Residences would create 650 construction jobs over the next 18-24 months, telling Tribune Business that approximately $370 million in economic activity had been generated from lot sales.
On deck and close to the action at the Battle of Jutland
101 years ago this weekend, Lt Robert Tatton Bower, of the Royal Navy, wrote a letter to his father, giving a first hand account of the largest World War 1 naval battle from aboard HMS Inconstant. Lt Bower’s descendants have Bahamian connections: his son Paul, came to the islands and was Publisher of The Nassau Guardian while his grandsons, Nigel and Bobby, are known business figures in Nassau.
Buddy looks to improve his game for Kings
COMING off what he called “one of the best summers” of his life, Buddy Hield is poised to make improvements to his game and for the Sacramento Kings in the 2018-19 season.
BISX listee in talks to settle SEC litigation
A BISX-listed company’s principal yesterday said there was “quite fertile ground” to reach an out-of-court settlement with US federal regulator’s over its subsidiary’s alleged involvement in a $400 million financial fraud.
Macedonia Baptist teams beat neighbourhood rivals
MACEDONIA Baptist Church co-ed and men’s teams both won their games over their neighbourhood rivals, St Paul’s Baptist, as the Baptist Sports Council continued its 2014 Softball Classic in the Banker’s Field at the Baillou Hills Sporting Complex last night.
Awards for ‘Catch Me If You Can’ regatta winners
AFTER hosting what was considered the biggest St Valentine’s Day ‘Catch Me If You Can’ Regatta in the 28th year of its existence, it was time for Eleazor ‘the Sailing Barber’ Johnson to make the presentation to the winners.
St Paul's and Golden Gates open best-of-three playoffs in win column
ST Paul’s and Golden Gates opened their respective co-ed and men’s best-of-three playoff series by knocking off Macedonia in the Baptist Sports Council’s 2014 Coca-Cola Softball Classic.
Oil opponents: BPC gives us ‘no choice’
OIL exploration opponents last night said they have “no choice” but to apply for an injunction halting Bahamas Petroleum Company’s (BPC) activities as its drilling ship began its voyage to this nation.