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Wells ordered to address nation over row
PRIME Minister Perry Christie last night confirmed that Renward Wells will address the nation on the Letter of Intent controversy.
PLP demands Rollins apology
PLP COUNCIL members last night demanded that Fort Charlotte MP Dr Andre Rollins publicly apologise to Prime Minister Perry Christie in parliament for his actions.
Businesses need 'more room' in VAT warehouse
Businesses need “more room” than the 48-hour period they have been given to comply with the terms for a Value-Added Tax (VAT) ‘virtual warehouse’, a Tax Coalition co-chair yesterday promising to raise the concern with the Government.
Sports in brief
THE Bahamas Basketball Federation is scheduled to continue its Level 1 Coaches Course 9am today at the Kendal Isaacs Gymnasium. The clinic will continue on Saturday at the same time. The federation will advise the time for the activities on Sunday. Ewin Pena is the chief clinician.
'Absolutely not a level playing field'
Bahamian investors and businesses are at a disadvantage when competing against foreign investors because of this nation’s high cost platform.
Formal economy 'overpaying' its share of taxes
Poor compliance, caused by corruption, limited accountability and a lack of enforcement, has resulted in the Bahamian formal economy paying a disproportionate share of this nation’s taxes.
Rollins on thin ice
FORT Charlotte Progressive Liberal Party (PLP) MP Dr Andre Rollins’ recent threat to divulge damning information relating to his friend Renward Wells’ signing of a $600m plus letter of intent with Stellar Waste Energy has all but eroded any vestige of goodwill that remained for him within the PLP among its leadership and its base of votaries.
Rollins: I do not have any evidence of corruption
FORT Charlotte MP Dr Andre Rollins sought to distance himself yesterday from reports suggesting he would expose wrongdoing within the Christie administration if his friend Bamboo Town MP Renward Wells is fired as parliamentary secretary in the Ministry of Works for signing a $650m letter of intent with a waste-to-energy company.
Consequences when PM returns
ACTING Prime Minister Philip “Brave” Davis said the “consequences will be known shortly” regarding Ministry of Works Parliamentary Secretary Renward Wells signing a multi-million dollar letter of intent with a waste management company that wants to construct a plant at the New Providence landfill.
VAT implement delay a 'double edged sword'
Delaying Value-Added Tax’s (VAT) implementation beyond January 1 was yesterday branded “a double-edged sword”, with the Tax Coalition’s co-chairs calling on the private sector to treat this possibility as “a blessing not an expectation”.
PLP chairman hits out at MP
PROGRESSIVE Liberal Party Chairman Bradley Roberts yesterday told Fort Charlotte MP Dr Andre Rollins to “put up or shut up” over his threats to disclose damning information concerning the controversy over Renward Wells’ signing of a $650m letter of intent with a waste-to-energy company.
Super Value: Inventory ‘run down’ better than virtual warehouse plan
Super Value’s owner yesterday said the supermarket chain would “run down” its inventory as the Value-Added Tax (VAT) transition loomed, as this “suits us better” than the Government’s proposed ‘virtual warehouse’.
‘Conflict’ fear over VAT inclusive prices
Super Value’s owner yesterday said the Government's 'inclusive' Value-Added Tax (VAT) pricing system would present " much bigger problems" for retailers, arguing that it would be "impossible" for his company to reprice 35,000 items overnight on New Year’s Eve.
RICHARD COULSON: The curse of broken promises
On Mexico’s 100th Independence Day in September 1910, the 80-year-old president staged a splendiferous celebration of 34 years of iron-fisted rule, secure in the belief that his party would remain in power. Yet eight months later they were rejected, he was forced into exile, and within three years Mexico was plunged into bloody revolutionary anarchy that, by 1920, utterly transformed the nation’s economic, social and political structure.
FNM chairman blasts govt after Canadian crime warning
FNM Chairman Darron Cash yesterday chided the Christie administration for its “failed crime-fighting techniques” after the Canadian government sent an advisory out to its citizens this week warning them to be vigilant in Nassau.
CANADA URGES VISITORS TO BE VIGILANT
THE Canadian government has threatened to deal a blow to The Bahamas tourism industry by advising its citizens to “exercise a high degree of caution, especially in Nassau, due to high rates of crime”.
Canada’s crime warning reinforces tourism fears
The upgraded travel warning on “high rates of crime” in the Bahamas, issued by this nation’s fastest-growing tourism market, yesterday reinforced the industry’s fears about the immense potential damage the recent surge in violence could cause.
Businesses 'on their own' in VAT readiness
Bahamian businesses are “on their own” in preparing for Value-Added Tax (VAT), the head of a BISX-listed retail group yesterday suggesting there was no appreciation for the massive overnight re-pricing challenge facing his sector.
Hotels to pay up $2m after being threatened with disconnection
BEC Chairman Leslie Miller yesterday said he had no regrets over his recent threat of disconnection to three hotels in western New Providence - and that two hotels have promised to pay $2m today.
Moody's: Fiscal deficits 'double' Gov't estimates
The Bahamas’ fiscal deficits for the two upcoming Budget years will be double what the Government is projecting, with Moody’s branding its consolidation targets as “hard to achieve” due to the weak economy.