Insurers welcome health VAT treatment deferral but issue “not off the table”.

NASSAU, BAHAMAS — Insurers say that while they welcome the government’s decision to defer the implementation of changes to the treatment of Value-Added Tax (VAT) on health insurance, the issue has been taken “off the table.” Marcus Bosland, Chairman of The Bahamas Insurance Association’s (BIA) health insurance committee said: “The government has indicated and we first […]

DPM: Gov’t wants to offer more incentives to vacation home rental sector

NASSAU, BAHAMAS — Deputy Prime Minister Chester Cooper said yesterday that government wants to provide more incentives to support the vacation home rental sector, noting that it presents the fastest way to boost this destination’s room inventory and for Bahamians to invest in the tourism industry.  Cooper who has ministerial responsibility for Tourism, Aviation, and […]

FTX Bahamas subsidiary branded a ‘front’ for fraudulent transfers in court filings

NASSAU, BAHAMAS — Lawyers for FTX have filed a complaint in a US bankruptcy court claiming that the company’s Bahamian subsidiary FTX Digital Markets is a legal and economic ‘nullity,’ which had been merely created as a ‘front’ to facilitate fraudulent transfers. In the complaint filed against FTX Digital Markets and its joint provisional liquidators […]

Mother Pratt Foundation donates medical supplies to Ministry of Health

NASSAU, BAHAMAS — The Mother Pratt Foundation has donated essential medical supplies to the Ministry of Health and Wellness earmarked for clinics throughout The Bahamas. Continuing the fight against COVID-19, Cynthia “Mother” Pratt, through the assistance of donors in the United States, donated the “fighting instruments” including disinfectant, gloves, hand sanitizers, and masks, to Minister […]

NO VIOLATION: PM Davis affirms confidence in Education minister over RCI comments

Opposition calls for Hanna-Martin to resign NASSAU, BAHAMAS — Prime Minister Philip Davis last night defended Education minister Glenys Hanna-Martin’s recent comments about the pending deal with Royal Caribbean International (RCI) on Paradise Island as a reflection of her longstanding political advocacy and not a violation of the Ministerial Code.  Hanna-Martin told reporters last week […]

First Caribbean Bank sees solid Q1 performance with net income of $28.6 million

NASSAU, BAHAMAS — First Caribbean International Bank (Bahamas) saw a $16.4 million increase in its first quarter results year-over-year. The bank’s managing director Jacqui Bend in a review of results for the three months ended January 31, of this year, noted that the BISX-listed lender had delivered solid results in its first quarter having reported […]