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COVID visitor testing hits 'bumps in road'
The Government's five-day COVID-19 visitor testing strategy has hit "some bumps in the road" on islands where provision is solely reliant on the public sector clinics, a Cabinet minister said yesterday.
FTX Bahamas: Only we can pursue void payouts
FTX's Bahamian liquidators are asserting they may be the only ones "lawfully" able to pursue "material volumes" of client withdrawals that occurred around the time of the exchange's collapse and may thus be deemed void.
FACE TO FACE – Lakeisha Rolle: Passionate financial literacy educator
SHE was only 15 years old when she blew her parents, teachers, family and friends away by becoming a student at the College of The Bahamas (now University of The Bahamas). Going to college at such an early age turned out to be a blessing for Lakeisha A Rolle, as she discovered her passion and developed a blossoming career in finance.
Dive 'institution' closed over $9m court award
A 55 year-old Bahamian diving "institution" has been forced to permanently close its doors with the loss of 15 full-time jobs after a $9m judgment was enforced against it over a customer's drowning. Matthew Whiteland, owner of Bahama Divers, which w
TOUGH CALL: Tax justice and what it would mean for the Bahamian economy
IN July, the Observer newspaper in Britain published an exhaustive study by the Tax Justice Network asserting that at least $21 trillion of unreported private financial wealth was hidden in secret tax havens by the global super-rich elite at the end of 2010 – a sum equal to the combined size of the American and Japanese economies.
Rolle 107th with disappointing 9-over-par 82
HAD it not been for double bogeys on four of her 18 holes, Bahamian flag bearer Georgette Rolle felt she would have been right in the mix of the 2016 Pure Silk Bahamas LPGA Golf Classic. Instead, she turned in a disappointing 9-over-par 82 that leaves her sitting in the 107th spot out of a field of 108 players.
Bahamas First in 18.5% motor claim increase
Bahamas First has seen a 20 percentage point decline in comprehensive insurance policies’ share of its auto book since the recession began, with total Bahamian motor claims increasing by 18.5 per cent in 2012. ==
Citizens must unite to be heard in the VAT debate
By TAMARA Van BREUGEL
Spartans win Baha Mar Hoops crown
University of North Carolina at Greensboro Spartans’ forward Mikeal Brown-Jones called the Baha Mar Hoops Nassau Championships one of the greatest tournaments he’s ever played in.
Tourism arrivals off 99% in June
A senior Ministry of Tourism official yesterday revealed a 99 percent year-over-year arrivals drop for June 2020 despite opening up to private air and sea visitors half-way through. Dr Kenneth Romer, the Ministry of Tourism’s executive director of p
Amazon’s stand-alone streaming targets Netflix
AMAZON is taking on Netflix and Hulu with its own stand-alone video streaming service, just weeks before Netflix raises prices for longtime subscribers.
Bahamas braced for Joaquin
THE Bahamas is bracing for the impact of Hurricane Joaquin, which strengthened into a category three hurricane in the Atlantic last night and is predicted to drop 10 to 15 inches of rain over San Salvador and Rum Cay today, with up to five inches expected over the rest of the central Bahamas.
Sports Notes
THE Bahamas Junior Fed Cup team, coached by Bradley Bain, defeated El Salvador 3-0 yesterday in Santo Dominigo.
Banks to ‘double’ VAT recovery.... to just 10%
The Bahamian banking industry is hopeful it might be able to recover ‘double’ the amount of Value-Added Tax (VAT) inputs than previously thought, as one institution yesterday revealed its total tax burden will increase by $6-$7 million in two years.
‘It doesn’t jive’: Gov’t spending outpaces revenue
THE Government’s recurrent spending continued to grow at a faster rate than revenues during the 2014-2015 Budget year’s first half, with the Opposition yesterday arguing that the Prime Minister’s optimism “doesn’t jive” with the fiscal reality.
Property tax cap up 25% to hit $150,000
Bahamian realtors have given a mixed reaction to the Government's decision to increase the annual real property tax cap by 25 percent to $150,000.
Skills transfer woe still a ‘sad reality’
The Bahamas must change “the sad reality” that key skills and knowledge are not being passed on to local workers by expatriate work permit holders, a prominent contractor argued yesterday.
ONE ELEUTHERA FOUNDATION: Regenerative agriculture - it’s a win-win situation
IN our day and age, we look around the world and see so many environmental problems, many of which seem unsolvable. It is rare to find a solution as simple and as impactful as the practice of Regenerative Agriculture.
BISX Micro Listing Tier 'no brainer'
ESTABLISHING a micro listing facility for small and medium-sized Bahamian companies seeking up to $1 million in capital is among the "major things" the Bahamas International Securities Exchange's (BISX) chief executive is hoping to accomplish by June 2012, expressing hope the exchange could "partner" with the newly-elected PLP government on this and other initiatives.
Bahamas can be 'Atlantic air hub'
The Bahamas has the potential to become an "Atlantic transshipment hub" between Latin America and Europe, a senior KPMG executive believes, adding that this nation's "60 per cent GDP" tourism dependency meant it was bound to suffer more than other nations during the recession.
