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VAT’s $350m gap causes ‘challenge’
A governance reformer yesterday acknowledged it would have been a “challenge” for the Government to bridge the $350m gap to its full-year VAT target during the final two months of the 2022-2023 fiscal period.
Promotion Board chief: 'Revenge tourism' over
The Nassau Paradise Island Promotion Board's (NPIPB) chief executive yesterday said the destination requires a "concerted marketing effort" to outpace the competition now that post-COVID “revenge tourism is over".
IMF: Bahamians need more protection from bank failure
Bahamian depositors have inadequate protection against “the failure of the largest credit union or any medium-sized bank”, the IMF is warning, as it urged that coverage more than double in percentage terms to $120m.
DPM targeting ‘best year in Bahamas history’ on tourism
The deputy prime minister yesterday predicted that “barring an act of God” this nation can look forward to the “best year ever in the history of The Bahamas” with tourist arrivals 30 percent up on pre-COVID highs.
‘Flabbergasted’ at Royal Caribbean’s PI approval
A Bahamian environmental advocate yesterday said she was “flabbergasted” that Royal Caribbean’s Paradise Island project has been given the go-ahead, adding: “I don’t understand how they think they’re going to pull it off.”
Central Bank advancing financial crisis ‘playbook’
The Central Bank’s governor yesterday asserted The Bahamas “is advancing efforts” to guard against a domestic financial crisis with the authority set to oversee these efforts potentially formed “within the next six months”.
Domes to be repurposed, ‘not suitable for humans’
DISASTER Reconstruction Authority executive chairman Alex Storr said the authority no longer supports using domes as temporary homes, finding the structures unsuitable for “human occupation”.
Royal Caribbean: Don’t hold us to higher standard than Atlantis
Royal Caribbean asserts it would be “highly inappropriate” to hold it to a higher standard than Atlantis and other developers with its Bahamian head optimistic there will be no “conflict” with the Paradise Island mega resort.
Minister Bowleg: ‘There were tears of joy to see this come to a reality’
MINISTER of Youth, Sports and Culture Mario Bowleg said he was pleased with what he saw from the men’s national basketball team in La Banda, Argentina.
More downtown property owners eye demolitions
The deputy prime minister yesterday said more owners of derelict downtown Nassau properties have been approaching the Government since demolitions began to inquire if their buildings can be taken down too.
EY Bahamas announces new Bahamian CPAs
EY Bahamas yesterday announced that two young Bahamian employees, Crispin Hanna and Justin Campbell, have earned their Certified Public Accountant (CPA) designations.
Boat registration hikes are 'too big of a jump'
Abaco marina operators and vessel owners say the hike in boat registration fees is causing confusion and is simply "too big of a jump" that many will struggle to pay.
School roof failure exposes Contractors Board absence
The Bahamian Contractors Association's (BCA) president yesterday said the recent collapse of roof trusses at R. M. Bailey senior high school again exposes why the Government should “expeditiously appoint” the Contractors Board.
Shipping costs rise 40% for new price pressures
Bahamian consumers and businesses were yesterday warned that local goods prices will be unable to escape the fall-out from a 40 per cent increase in shipping costs over the the past three months.
INSIGHT: Independent, but entangled in protocols
THOUGH it may not attract the attention of the men’s version of the game, the Women’s World Cup has been held over the past few weeks – with Spain beating England in the final yesterday.
EDITORIAL: Lack of insurance revives BAMSI memories
THE admission that the contractor responsible when roof trusses at a school collapsed did not have a written contract or insurance is prompting a sense of déjà vu.
VAT to under-shoot full-year $1.4bn goal
The Ministry of Finance’s top official yesterday conceded that VAT revenues were likely to under-shoot their 2022-2023 target but voiced confidence that tougher enforcement will keep them on track in the current fiscal year.
PI entrepreneur: ‘Could I have swift approval too?’
The Bahamian entrepreneur seeking to restore Paradise Island’s lighthouse yesterday voiced hope the Government will now approve his project - now in its 12th year of asking - with the same “swiftness” it has afforded Royal Caribbean.
Royal Caribbean: Can’t blame us for Bay St ‘decline’ reports
Royal Caribbean says Bay Street merchants have reported “a decline” in business volumes amid assertions it has “not sufficiently analysed” the economic impact from its $100m Paradise Island beach club project.
‘Full steam ahead’ for Royal Caribbean on PI
Royal Caribbean’s Bahamas chief has hailed as “a critical milestone” the environmental go-ahead for its Paradise Island beach club “that could benefit hundreds of businesses and tens of thousands of Bahamians”.
