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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.

BPL Workers Union votes strongly in favour of strike

MORE than 1,000 Bahamas Electrical Workers Union members voted to strike in a ballot on Friday, resulting in a 99 percent “yes” vote unofficially, according to union president Kyle Wilson.

‘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.”

The Minister of Works should have resigned

I can’t speak for anyone else, but every time I see Alfred Sears, Minister of Works on TV or in the daily newspaper, I see the Face of Failure, absolute and complete failure. It’s been over a year now since he was unable to locate his magical email on the IDB Hedge Programme for BPL fuel. As reported in the daily newspaper on December 9th, 2022, Mr. Sears finally admitted that he had indeed received the emails from BPL fuel hedge committee on October 9, 2021. So, it took Mr. Sears 425 days to locate emails after repeatedly saying he had no knowledge of these emails.

The Tribune

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