Tag: around the world
Halkitis: ‘No’ to global minimum tax would mean revenue forgone
NASSAU, BAHAMAS — Economic Affairs Minister Michael Halkitis said yesterday that while The Bahamas can say ‘no’ to OECD’s global minimum tax, such a move would represent a foregone opportunity to boost government revenue. Halkitis was asked if the government could reject the move while speaking as part of a panel on the global minimum […]
DPM dismisses former PM’s claims over Royal Caribbean’s PI beach club project
NASSAU, BAHAMAS — Deputy Prime Minister Chester Cooper yesterday again defended the government’s recent approval of Royal Caribbean International’s Paradise Island beach club project as being “in the best interest of the Bahamian people” as he fired back at former Prime Minister Dr Hubert Minnis over claims regarding the deal. Minnis told The Tribune that […]
Missing pregnant teen found
NASSAU, BAHAMAS — The pregnant teen girl who escaped custody last week was found by police at a residence in the Soldier Road area yesterday. Caritha Rahming told Eyewitness News her 16-year-old daughter reportedly escaped from the Adolescent Health Centre during a routine check-up last Thursday. She explained her daughter had been on remand at […]
The Bahamas should enter IMF debt restructuring program, says regional economist
NASSAU, BAHAMAS — The Bahamas should engage the International Monetary Fund (IMF) in a debt restructuring exercise, a well-known regional economist suggested yesterday while urging the government not to do what Barbados did and “wait until the wheels fall off.” Caribbean economist Marla Dukharan while speaking at Royal Fidelity’s Economic Outlook Conference yesterday noted that […]
Economist: Lack of improvement on corruption perception index “not a good look”
NASSAU, BAHAMAS —The Bahamas’ lack of improvement on the corruption perception index is “not a good look”, a well-known regional economist said yesterday, warning that this could have negative implications for domestic as well as foreign direct investments. Marla Dukharan pointed to the country’s score while addressing Royal Fidelity’s Economic Outlook yesterday. “This is not […]
Tourism leaders encourage students to consider careers in dynamic industry
NASSAU, BAHAMAS — Having a top-notch tourism product is key, but maintaining a robust pipeline for the most competent, passionate and inspired human capital to deliver service excellence makes the industry flourish. That is the message leaders in the sector drove home when they spoke to high-school students attending a recent symposium at University of […]
BTC women “Embrace Equity” at IWD Watch Party
NASSAU, BAHAMAS — BTC, and its parent company, Liberty Latin America, hosted a “Watch Party” to mark International Women’s Day (IWD) last week that gave staff the opportunity to leave their workstations and tune in to several impactful seminars. This year’s International Women’s Day was celebrated under the campaign theme of “Embrace Equity,” which called […]
Long Island to celebrate 4th Annual Mutton Festival
CLARENCE TOWN, LONG ISLAND – The annual Long Island Mutton Festival returns this month after a two-year break due to the COVID-19 pandemic. According to a press release, the two-day cultural extravaganza is slated for March 24 and 25, 2023 with live entertainment headlined by the country’s top-performing artists, a culinary feast, fun contests, and […]
Government agrees to explore other avenues for petroleum retailers relief
NASSAU, BAHAMAS- On Monday, the government announced that it has agreed to explore alternative solutions to bring relief to petroleum retailers, who have been advocating for an increase in their profit margins on fuel. Prime Minister Davis and senior government officials met with representatives from the Bahamas Petroleum Retailers Association to discuss the challenges faced […]
Heads of Agreement signed for $25 million high-end, low impact resort
NASSAU, BAHAMAS- On Monday, the government signed a Heads of Agreement (HOA) for a $25 million high-end, low-impact boutique resort on Sampson Cay in the Exuma chain. The project is fully funded and is being developed by Bob Coughlin, CEO of US-based human resources giant Paycor. Coughlin, who retired to the Exumas in 2019, is […]
Bahamian chef represents country at Charleston Wine + Food Festival
NASSAU, BAHAMAS — On the heels of being featured in a monthly dinner series at the Louisiana-based Senegalese restaurant—Dakar NOLA—Chef Hall cooked for another hungry crowd last week at the 2023 Charleston Wine + Food Festival, the same festival at which he met Chef Serigne Mbaye, the restaurant’s owner, a year prior. The five-day annual […]
Insurers say no formal notice from gov’t regarding VAT on health insurance
NASSAU, BAHAMAS — The insurance industry has not received a formal advisory from the government regarding a reported deferral of the implementation of changes to the treatment of Value-Added Tax (VAT) on health insurance, according to Marcus Bosland chair of the BIA’s health insurance committee. Bosland said: “While the BIA has read with interest the […]
Environmentalist warns Paradise Island “hogged up” by commercial and political interests
NASSAU, BAHAMAS — Paradise Island is being “hogged up” by commercial and political interests, one local environmentalist has asserted as he raised concerns over the environmental impact of Royal Caribbean International’s recently approved $100 million beach club development. Save The Bays Chairman Joe Darville said that with the government’s recent announcement of its approval for the […]
