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‘We’re not taking VAT change sitting down’
A Freeport manufacturer yesterday warned its competitiveness will be undermined, and presence in The Bahamas endangered, by VAT reforms that have seemingly removed its ‘zero rated’ status.
Bahamas oil well creditors accept 84% debt hair-cut
Creditors owed a collective $11.3m for the drilling of an exploratory oil well in The Bahamas have agreed to accept a near-84 percent haircut on this debt, it was revealed yesterday.
Cooper - like FNM - hopes for Lucayan deal ‘soon’
DEPUTY Prime Minister Chester Cooper said the Davis administration is determined to fix the Grand Lucayan resort, adding an announcement on the beleaguered property will hopefully be made soon.
PLP PARTNERED TO STAGE CARNIVAL: Process defended as standard practice in raising party funding
FREE National Movement Senator Maxine Seymour tabled a letter in the Senate yesterday that purports to show that the Ministry of Finance gave the Progressive Liberal Party temporary approval to import “equipment, apparatus, trailers and supplies” for the Christmas Carnival event.
Jonquel Jones is the MVP frontrunner in EuroLeague
Jonquel Jones’ double double streak recently came to an end but she remains the frontrunner to claim another MVP award this season.
Ninety days to switch VAT pricing
Retailers have been given a 90-day transition period to deal with the repricing “nightmare” caused by the VAT rate cut, one saying yesterday: “We hope this is the last change for a very long time.”
What drives the price of bitcoin?
ActivTrades
Traders of bitcoin are used to sharp price action, such as the one experienced during the first weekend of December, when the digital currency lost around 20 percent of its value.
Jazz: ‘I want to win MVP’
After missing out on an historic Major League 20/20 (home run/stolen base) feat this past season that was hampered by an injury, Bahamian Jasrado “Jazz” Chisholm said he’s looking forward to improving in his quest to go after the Most Valuable Player award.
Ministry giving ‘a little over $100’ to people in need
STATE Social Services and Urban Development Minister Lisa Rahming said on Friday her ministry has been distributing “a little over $100” for those in need of social assistance.
Still scepticism on revival of Eleuthera ‘benchmark’
The Eleuthera Chamber of Commerce’s president has acknowledged that a “level of scepticism” exists over this week’s deal to revive “the benchmark of what was possible in the Family Islands”.
$25k prize to break vaccine hesitancy
PEOPLE who receive their first vaccination shot between December 13 and December 31 will be eligible to win a $25,000 cash prize.
January 27 for local elections
LOCAL government elections are expected to be held on January 27, Family Island Affairs Minister Clay Sweeting said yesterday, as he urged people with a heart for their communities to offer themselves for office.
Cruise port profitability matches ‘lock up’ end
Nassau Cruise Port is forecasting that it will start generating profits by 2024 - a timeline that coincides with the end of a three-year “lock-up” for investors in its 49 percent local shareholder.
Grand Bahama trying ‘to keep the lights on’
Grand Bahama’s tourism industry is focused on “trying to keep the lights on” amid the protracted wait for a game changer that will revive the destination, a well-known hotelier said yesterday,
The FNM and our money
Debate on Supplementary Budget through May, 2022… yet again input of so many of the MPs, clearly shows their personal lack of information and facts and really reality.
Nassau ‘leads Americas’ on cruise ship port visits
Nassau Cruise Port is handling “more cruise ships than any port in the Americas”, its chief executive said yesterday, adding that “we’re well on our way to climbing out” of COVID’s devastation.
We are in trouble
Supplementary Budget - in the bluntest language Hon Philip Davis as Minister of Finance did not really say it, but folks believe me we are in financial trouble…useless not admitting it we are. Denial is precisely that.
IMF: 12% VAT rate ‘lowest in Caribbean’
The Bahamas’ soon-to-be-repealed 12 percent VAT rate was branded “the lowest in the Caribbean” by the International Monetary Fund (IMF) in its much-debated report to the Government.
‘Rid yourselves of negative thoughts’ on $200m project
Bahamians were yesterday urged to “rid themselves of any negative thoughts” as to whether the latest $200m effort to revive the Cotton Bay Club is for real.
$200m plan to bring Cotton Bay to life
COTTON Bay Holdings Limited will partner with the Ritz Carlton Reserve brand in a $200m project in South Eleuthera that will employ 300 people during construction and 200 people during operation, according to officials.
