| The Tribune

'Struck by abuse' of 15% VAT's exemptions

The New Zealand tax consultants were “struck by the potential for abuse” created by the “substantial list of exemptions” under the Government’s initial 15 per cent Value-Added Tax (VAT) model.

TOUGH CALL: Public protection is dangerously lacking in the ‘Spying Bill’

‘Kill the Bill’ has become a rallying cry for privacy advocates in the Bahamas ever since the government - without prior notice - tabled a draconian new surveillance law called the Interception of Communications Bill.

INSIGHT: National stock can rise by spreading share ownership

As the country begins the recovery after Hurricane Matthew, Richard Coulson says now more than ever the BISX needs to be reconstructed to help the Bahamian economy grow.

Civil service pension deficit may 'explode'

The Government’s unfunded civil service pension liabilities will “explode” unless urgent reform action is taken, a senior accountant suggesting these could mean the national debt is really as high as $6.5 billion.

YOUNG MAN'S VIEW: Corruption in the Ranks

LET me begin by saying that I love the police, that the police are my friends (literally and figuratively).

$63m Adelaide project pledges up to 300 jobs

A Bahamian businessman is teaming with Albany’s developer and two UK investors for a $62.788m “mixed-use” residential and light industrial development in south-west New Providence that will create up to 300 full-time jobs.

Government's revenue forecasts off up to 16%

The Government’s revenue estimates were off by as much as 16 per cent at the recession’s peak, a key Ministry of Finance adviser yesterday describing this as creating “a very serious problem” that at one point blew the primary deficit up to $640 million.

THE FINISH LINE: New BAAAs constitution a ‘step in the right direction’

TWO fledgling sporting bodies in the country took the spotlight as they reflected on the latest developments in their organisations.

FRONT PORCH: Wishful thinking won’t work in a crisis, we must deal with realities

The notion of magical thinking is employed by a number of disciplines including philosophy, anthropology and psychology, with some differences in how the term is applied in the different fields. A common thread in the various disciplines is the idea of fallacious or false reasoning.

A YOUNG MAN'S VIEW: A pledge of service to my hometown

Dear Long Islanders, To use the words of founding father Sir Cecil Wallace-Whitfield, today “my soul is dancing!”

‘Phenomenal’ $250M project ‘at a loss’ on approval absence

Investors behind a $250 million project that could reduce Bahamian energy costs by up to 50 per cent are “at a total loss” as to why the Government has yet to approve it, describing their proposal’s potential economic impact as “phenomenal”.

Sports in brief

SWIFT Swimming Club is all set to host its first Open Water Swim Race of the new swim season at Palm Cay on September 28.

Baha Mar demands $192m in damages

Baha Mar yesterday made good on threats of legal action against its Chinese contractor partner, swiftly launching a $192 million damages claim in the UK High Court against its ultimate parent.

Way of the Albatross

Long ago, in the distant past, there lived a fabled bird - the Albatross. That magnificent winged creation of Yahweh was rumoured to be capable of flying across oceans, real and imaginary, without nourishment or rest. Alas, after serving whatever role that was allotted, the Albatross has now been relegated to the ranks of extinct.

‘Lessons must be learnt’ from Baha Mar’s chinese woe

Lessons must be learned from Baha Mar’s construction woes to ensure other Chinese-led investment projects avoid similar delays, a leading contractor yesterday noting the same company is poised to begin the British Colonial Hilton’s $200 million redevelopment.

Baha Mar makes intervention plea to $2.4bn lender

Baha Mar last night urged its Chinese financier to use its “strong ties” with the project’s main contractor to get the $3.5 billion development back on track, arguing that it has “a vested interest” in ensuring its success.

Corporations facing $1.6bn pension hole

The Government-owned corporations will have a collective $1.6 billion deficit in their employee pension plans by 2032 unless urgent reforms are enacted, a report obtained by Tribune Business reveals.

Parliament blunder on BPL regulatory ‘void’

Regulators are scrambling to fill a “void” created by Parliament in electricity sector supervision which has potentially left Bahamians at the mercy of appliance-destroying voltage and frequency fluctuations without recourse.

ALICIA WALLACE: Political quotas? Bring them on

Last week, when questioned about the lack of representation of women in parliament, Leader of the Opposition Philip “Brave” Davis said 30 to 40 percent of the Progressive Liberal Party’s 2022 slate of candidates will be women. He noted the best proportion could be higher, but it depends on who makes themselves available. Both the Progressive Liberal Party and the Free National Movement both had outrageously low numbers of female candidates in the 2017 general election. It is clear political parties in The Bahamas are not paying enough attention to issues of gender, how they contribute to them, or the ways they can bring transformation.

'Severe consequences' urged if BTC misses efficiency targets

A well-known businessman yesterday called for “severe consequences” if the Bahamas Telecommunications Company (BTC) failed to meet its mandated 36-69 per cent efficiency improvement targets, arguing that its troubled cellular upgrade showed privately-run monopolies were “much worse” than their government counterparts.

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