Minnis says govt. will bring down cost of energy NASSAU, BAHAMAS – Bahamas Electrical Workers Union (BEWU) President Paul Maynard said yesterday that he does not believe the cost of power in The Bahamas will be reduced in the near future without an intervention by Shell North America. Prime Minister Dr. Hubert Minnis assured […]
The Free National Movement on Monday claimed that 90 per cent of Grand Bahamians are expected to see a decrease in the cost of electricity as the government recently took steps to move the value-added tax (VAT) exemption on electricity from $200 to $300. “During the 2017 campaign, the FNM made it clear that we […]
Govt. to expand designated tax-free zones Prime Minister Dr. Hubert Minnis said Wednesday night that while he and Centreville MP Reece Chipman have disagreed on certain government issues, the pair has a united goal and speak with “one voice” on when tackling poverty and improving Over-the-Hill communities. His statement came during a town hall […]
NASSAU, BAHAMAS – As some shoppers in the United States waited for hours outside store fronts and literally “raced” to rack up Black Friday deals, the same was not evident at home, despite many businesses offering Black Friday deals. Eyewitness News visited the Southwest Plaza around 6:00 a.m. on Black Friday, to interview persons who […]
NASSAU, BAHAMAS – The hassle of having to find the correct change to give a bus driver will soon come to an end as some 12-15 busses will be outfitted with a cashless system that would allow riders to use top-up cards. The change is expected to come on stream for several bus routes in […]
The government’s decision to temporarily increase the value-added tax (VAT) exemption for electricity bills will do very little on easing the burden of high electricity costs, according to President of The Bahamas Electrical Utility and Managerial Union (BEUMU) Paul Maynard. Prime Minister Dr. Hubert Minnis announced in Parliament Wednesday that government intends to temporarily raise […]
Referring to the move as an “historic first” in The Bahamas, which represents a new and unprecedented standard of transparency in public figures, the Government on Tuesday released its first quarterly report on budget performance. The quarterly report outlines that positive trends emerge as the Government’s deficit position improves, but the Ministry of Finance […]
Bain and Grants Town Member of Parliament Travis Robinson declared that he will not support any additional tax on the back of Bahamians, as the government proposes to introduce a two per cent tax on wages to fund National Health insurance. In an interview with Eyewitness News on Wednesday, Robinson said while he had not […]
Motorists filling up at the pumps on Monday found that gas prices tipped over the five-dollar margin. When Eyewitness News visited three petroleum franchises, motorists were more than willing to share their views on this latest price hike. Eyewitness News’ investigation at the gas pumps revealed that prices at Esso, Rubis and Shell tipped over […]
Legislation is presently being formalized to allow the government to derive revenue from Airbnb properties in The Bahamas, according to Tourism Director General Joy Jibrilu. Airbnb executives signed a Memorandum of Understanding (MOU) in August 2017, with the government, to include sharing of aggregate Airbnb Bahamas data, provision of information to Airbnb on Bahamas industry-related […]
Minister of Financial Services, Trade and Industry and Immigration Brent Symonette held a press conference on Sunday at the Campbell Maritime Centre to provide an update on the country’s current accession to the World Trade Organization (WTO) Accession. Recommitting itself to the WTO, the government has said that its hopes that the WTO Accession through […]
With two days left before value-added tax (VAT) is formally added to goods and services, the business community is sounding the alarm that it is not ready for the July 1 deadline. Head of the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) Edison Sumner, who spoke to Eyewitness News Thursday said, his members need more time […]
