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'Tax and social focus' of Gov't stunting growth

The Bahamas’ economic growth outlook is being slashed because the Government is “too focused on its social agenda and raising taxes”, a well-known businessman warned yesterday.

Broker’s rescue questioned over $1.8m deficiency

The Securities Commission is questioning whether last-ditch efforts to rescue a Bahamian broker/dealer, which has admitted to misusing client monies, are “bona fide” given its $1.862 million solvency deficiency.

Auto show proceeds to aid toddler’s open heart surgery

ALTHOUGH he is only four years old, Ephraim Williams has already braved two open-heart surgeries and three catheterisations.

BISX-listed Fund eyes restart for dividends after 15-year gap

The BISX-listed Bahamas Property Fund’s Board will within the next month receive a recommendation to resume investor dividend payments after a 15-year hiatus following completion of its $8m preference share financing.

80% Baha Mar vendor payout by tomorrow

Baha Mar’s creditor payout committee believes it will “have dealt with” about 80 per cent of Bahamian vendor and contractor claims by tomorrow, as it explores ways to “speed up” the process.

Sanctioned broker eyeing Canada exit

A BAHAMIAN broker/dealer yesterday said it was assessing whether to re-domicile millions of dollars in assets, belonging to both itself and its clients, away from Canada due to concerns over a regulatory "domino effect" resulting from a recent ruling against it.

‘We’re not taking VAT change sitting down’

A Freeport manufacturer yesterday warned its competitiveness will be undermined, and presence in The Bahamas endangered, by VAT reforms that have seemingly removed its ‘zero rated’ status.

Tobacco smuggling: Bill to recover 80% of revenue losses

The Government yesterday estimated that it will recover 80 per cent, or $20 million, of the revenues it loses annually to tobacco smuggling via its Excise Stamp initiative, and disclosed it was looking at similar measures to combat illegal alcohol imports.

Bill passed to end Emergency Orders

MEMBERS of Parliament passed a bill yesterday to bring an end to certain suspensions implemented under the former Minnis administration through the Emergency Powers Orders.

Gov't housing re-launch vital to 80% of contractors

THE BAHAMIAN Contractors Association’s (BCA) president yesterday said many smaller operators were anxiously awaiting a revival of the Government’s housing programme, telling Tribune Business this group makes up 70-80 per cent of construction teams in the country .

Realtor near doubles plaza's occupancy within 10 months

A realtor has reversed the fortunes of a 15-unit commercial plaza within 10 months, taking occupancy levels from 50 per cent to 90 per cent.

EDITORIAL: Govt should be applauded for egg project

FOR many years, some farmers have felt that governments have only paid them lip service when it comes to giving the industry a solid footing.

Bahamians must 'mobilise corruption outrage to action'

Bahamians must “mobilise their outrage into action” if this nation is to defeat both real and perceived corruption plaguing society, governance reformers urged yesterday.Matt Aubry, the Organisation for Responsible Governance’s (ORG) executive direct

Broker: 'Business grows' despite harassing SEC

A BAHAMIAN broker/dealer’s principal yesterday said “business keeps growing” despite continued “harassment” by US regulators, who claim his local activities give “daily opportunities” to violate the law.Guy Gentile, head of Swiss-America Securities,

INSIGHT: More than just a uniform

“NO, it wasn’t just the uniform for me. It was the attitude and professionalism of the first officers I came into contact with. It was my admiration for them and how they treated my family during a very serious time, that’s what drove me to the Royal Bahamas Police Force,” was how outgoing Senior Assistant Commissioner of Police Stephen Dean summed up his initial interest in the organisation he would help develop over a 38-year period.

40 years for brutal grandma’s murder

A CARETAKER who had worked for an 86-year-old woman, who he had brutally stabbed to death in her Dannottage Estates home a decade ago, was yesterday sentenced to 40 years in prison by an acting Supreme Court judge.

Hall of Fame glory

There have been so many special moments in his life, but one that will stand out for former track star turned elite coach David Charlton will be his induction into Howard University Athletic Department’s Hall of Fame for his contribution as an athlete from 1979-84.

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