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Man could get bail over trial delay
September 23, 2016
Man could get bail over trial delay
A judge will consider bail for Anthony Bethel after prosecutors informed the court they are not ready to begin his murder trial next week.
PM: Register Abaco second homes and rental villas
September 23, 2016
PM: Register Abaco second homes and rental villas
Prime Minister Perry Christie yesterday demanded that Abaco entrepreneurs ensure the nearly 800 second homes and rental villas on Abaco registered with the Ministry of Tourism are licensed and pay license fees and taxes.
PAC chair: Speaker should intercede
September 23, 2016
PAC chair: Speaker should intercede
It has been nearly two years since a dormitory at the Bahamas Agriculture and Marine Science Institute (BAMSI) burned down, leaving serious questions unanswered about government procurement processes and other issues, and Public Accounts Committee (PAC) Chairman Hubert Chipman yesterday reported that the Ministry of Works has yet to respond to the committee's demands for contracts and information ...
September 22, 2016
Prime Minister Christie's Remarks at Abaco Business Outlook
It is truly wonderful to be in Abaco right now ladies and gentlemen and I say that particularly because so much encouragement and optimism comes from the knowledge that few destinations in The Bahamas or smaller destinations of the Region are as distinctive in character or as uniquely positioned as Abaco to deliver over the next decade and beyond exceptional levels of tourism performance, real-est...
September 12, 2016
Social safety reform programme to impact all communities
The Government of The Bahamas is committed to ensuring that every Bahamian has access to as many of the critical Government services as possible regardless of their geographic locations, Minister of Social Services and Community Development, the Hon. Melanie Sharon Griffin told residents of Mayaguana.
Central Bank stats: National debt $6.7B
September 08, 2016
Central Bank stats: National debt $6.7B
The national debt for the second quarter of 2016 stands at an estimated $6.7 billion in comparison to the same period for the previous year at $6.4 billion, according to The Central Bank of The Bahamas (CBOB) Quarterly Statistical Digest (QSD) for August 2016.
Baha Mar expected to boost remainder of 2016
September 02, 2016
Baha Mar expected to boost remainder of 2016
The Central Bank of The Bahamas (CBOB) expects the remainder of 2016 to improve based on the pending boost to construction output from the resumption of work on the $3.5 billion Baha Mar megaresort, coupled with the restoration of some room capacity on New Providence.
VAT tomorrow, concerns remain
December 31, 2014
VAT tomorrow, concerns remain
The era of value-added tax (VAT) will begin tomorrow, but the commercial and professional sectors are still unsettled as to how exactly the tax will work, members of the public are terrified about the effect of the tax on ordinary people and the government infrastructure set to administer the tax is still relatively untested, though the initial VAT registration was successful.
VAT is among the wor...
VAT compliance visits to begin immediately
December 31, 2014
VAT compliance visits to begin immediately
Value-added tax (VAT) officers will commence compliance field visits for local businesses immediately once the tax launches on January 1, 2015.
In a press release issued yesterday, the VAT Department stated that it will begin its compliance visits to ensure that businesses issued proper VAT invoices and receipts, and displayed VAT-inclusive pricing on goods.
"In an effort to encourage voluntary co...
December 31, 2014
Wealth fund revenue from oil, other natural resources
The government tabled the Sovereign Wealth Fund Bill 2014 earlier this month, creating a framework for use of the country's natural resources for sustainable economic growth and development. And although the bill was largely spurred on by increased interest in oil exploration, it provides the framework to tap into revenue from other natural resources, potentially reopening the national discussion ...
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