Maynard: Shell is the answer to lowering power bills

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 […]

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90% of Grand Bahamians see electricity cost decrease, FNM claims

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 […]

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PM on Chipman: ‘We speak with one voice’

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 […]

Local ‘Black Friday’ sales low in comparison to last year

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 […]

Maynard: VAT exemption on electricity bill does very little

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 […]

Overall deficit reduced by 52%, first quarter fiscal report reveals

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 […]

Robinson: 2% tax on wages for NHI is “a lazy and easy way out”

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 […]

Prices soar at the gas pump

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 […]

Govt. to implement taxes for Airbnb

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 […]

Laing appointed WTO Chief negotiator

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 […]