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TERRIBLE POLICY? NOT BY MY GOVT
ALICIA WALLACE: WITHOUT CHANGE WE’LL NEVER ADDRESS RAPE
- SEE PAGE EIGHT
Ingraham fires back over accusation on Cotton Bay delays By TANYA SMITHCARTWRIGHT tsmith-cartwright@ tribunemedia.net FORMER Prime Minister Hubert Ingraham has taken exception to remarks made by a local philanthropist and businessman who said an investor was prevented from doing business in The Bahamas because of “terrible public policy” during Mr Ingraham’s tenure. Sir Franklyn Wilson went on record with his remarks just after the Davis
administration signed a revised Heads of Agreement with Colombian billionaire, Dr Luis Carlos Sarmiento and his Cotton Bay Holdings. In this new HoA, Cotton Bay Holdings will partner with the Ritz Carlton Reserve brand in a $200m project in South Eleuthera. This agreement will lead to the employment of some 300 people during construction and 200 people during operation. SEE PAGE THREE
IMF ADVISED NEW CORPORATION AND TOP EARNERS INCOME TAX By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Bahamas has been urged by the International Monetary Fund (IMF) to “pre-empt” global tax pressures by imposing a corporate income tax designed to suit its own purposes. The fund, in a report that has generated much political controversy, asserted that “the balance firmly tilts” in favour of The Bahamas getting out ahead of the G-20 and Organisation for Economic Co-Operation and Development push for a
15 percent minimum global corporate tax rate. Suggesting that The Bahamas “impose that same level of taxation” for itself, the IMF said that while this would impact the domestic economy it would also ensure all corporate income tax revenues went to the government here rather than their counterparts abroad. And it warned that delaying, or “abstaining”, from a corporate income tax could “pose reputational risks that can jeopardise the economy”. FULL STORY - SEE BUSINESS
‘SEEM PRETTY SURE THEY’RE APPROVED’ THE CARNIVAL rides going up - but Health Minister Dr Michael Darville says operators have not met all of the ministry’s requirements to host the event, even as its manager says approval has been given. See PAGE TWO for the full story. Photo: Racardo Thomas/Tribune Staff
INCENTIVES PLANNED TO USE UP VACCINES By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net
HEALTH Minister Dr Michael Darville says officials are concerned that the country’s four percent
COVID-19 positivity rate has given people a false sense of security that vaccines are not needed and health protocols do not need to be followed. SEE PAGE FOUR
‘SHOCK PROGRAMME DOES MORE HARM THAN GOOD’ By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net
JUVENILE advocates want the government to reconsider bringing back its Shock Treatment
programme, saying it could prove counterproductive. The Ministry of National Security announced the relaunch of the programme last week. SEE PAGE THREE
NASSAU BUSIEST CRUISE PORT IN AMERICAS By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
NASSAU Cruise Port is handling “more cruise ships than any port in the Americas”, its chief executive said yesterday, adding that “we’re well on our way to climbing out” of COVID’s devastation. Michael Maura, speaking to Tribune Business ahead of today’s $25m initial public offering launch to Bahamian investors, said
NASSAU CRUISE PORT the country’s main cruise gateway was dealing with “well over” 20 vessel calls per week in comparison to the Port of Miami’s 15-16 visits.
But, disclosing Nassau Cruise Port has taken “a very conservative approach” to its near-term forecasts, he added it anticipates recovering 86 percent of pre-COVID passenger volumes in 2022 with some 3.3m persons passing across its docks. This is projected to rise to 3.7m passengers in 2023, with both figures based on 80 percent cruise ship “occupancy” levels. FULL STORY - SEE BUSINESS
Nassau & Bahama Islands’ Leading Newspaper
TECHNOLOGY ISLAND TURNS INTO LAB FOR VOLCANOLOGISTS
- SEE PAGE NINE