Tag: Bahamas news
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 […]
CRIME REPORT: Woman hitchhiker sexually assaulted at gunpoint
NASSAU, BAHAMAS — A woman was sexually assaulted at gunpoint by a man who offered her a ride yesterday morning. According to police, the victim was walking in the area of Bacardi Road and accepted a ride from an unknown man who was driving a burgundy-colored vehicle sometime around 9am. “During this time, the male […]
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 […]
$550M Cave Cay luxury development to aid Exuma “renaissance”
NASSAU, BAHAMAS — Following last week’s signing of a Heads of Agreement (HOA) for a $25 million high-end, low-impact boutique resort on Sampson Cay in the Exuma chain, the government yesterday signed an HOA for a $550 million luxury development on Cave Cay in the Exumas. The HOA with Cave Cay Limited brings the total level […]
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 […]
