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Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
FAMILIES EARNING UNDER $5K YEARLY INCREASE BY 83%
By NEIL HARTNELL Tribune Business Editor The number of Bahamian households surviving on less than $5,000 per year has increased by an "alarming" 83 per cent in the past four years, Department of Statistics data shows, indicating the recession has most im
Chamber chief says 'space for third mobile operator'
The Bahamas Chamber of Commerce's chief executive believes "there is space for another mobile player", and is urging the Government to issue a third licence come 2019.
BRISTOL PREMIER'S 'BEST OF THE BEST'
By NEIL HARTNELL Tribune Business Editor Bristol Wine and Spirits is aiming to showcase "the best of the best" in its wine and spirits portfolio through next week's 'soft opening' of its one-acre Premier Cru venue on Gladstone Road, its president yesterd
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end Sub-Deck: * Gov't acknowledges major difference with IMF over 'timing and will for major tax reform' * Debt Management Committee set up to oversee Bahamas' fiscal position By NEIL HA
Credit union member growth expands 29%
By NEIL HARTNELL Tribune Business Editor Bahamian credit unions have outpaced commercial banks through an average total asset growth rate of 9.25 per cent over the past five years, the Central Bank's governor said yesterday, their collective membership h
IDB: $13M 'RETROACTIVE' TO STOP ROADWORKS SHUTDOWN
By NEIL HARTNELL Tribune Business Editor An alarmed Inter-American Development Bank (IDB) is providing $13 million in retroactive financing to prevent a "cash flow shortfall" from bringing the New Providence Road Improvement Project to a temporary halt,
Florida court blocks $7.59m Bahamas ruling
A contractor’s bid to enforce a $7.59 million Bahamas Supreme Court judgment against a major global hotel chain has been blocked by a Florida appeals court, which ruled the latter was not involved in a $1 billion Bahamian joint venture.
Gov't pushes deficit elimination forecast back three years
The Government has pushed back its original projections for eliminating the fiscal deficit by three full years, and is now pinning its hopes on a $449 million, four-year 'swing' into surplus.
PRIVATE SECTOR LOAN DEFAULTS HIT $301M
By NEIL HARTNELL Tribune Business Editor Almost one-third of commercial bank loans to Bahamian businesses are in arrears, something the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman described as a sign that economic recovery
Banks to ‘double’ VAT recovery.... to just 10%
The Bahamian banking industry is hopeful it might be able to recover ‘double’ the amount of Value-Added Tax (VAT) inputs than previously thought, as one institution yesterday revealed its total tax burden will increase by $6-$7 million in two years.
Tax crackdown: Govt hits 6,000 businesses, 5,000 property owners
The Government last night unveiled its promised crackdown on tax defaulters, promising to first pursue the largest, wealthiest delinquents - some 6,000 businesses and 5,000 high-end property owners.
$10M SOCIAL SECURITY REFORMS 'FIRST OF THEIR KIND' IN CARIBBEAN
By NEIL HARTNELL Tribune Business Editor The Bahamas' proposed $10 million social security reform initiative is a 'first-of-its-kind' in the Caribbean, as it will tie welfare payments to "improving human capital" through better educational achievement fo
‘Breath of fresh air’: 150k cruise arrivals over Xmas
The Downtown Nassau Partnership’s (DNP) co-chair yesterday hailed the increase in cruise ship traffic as a “breath of fresh air” for business with close to 150,000 passenger arrivals forecast for Christmas week.
2,000 homeowners 'non-performing'
2,000 homeowners 'non-performing' By NEIL HARTNELL Tribune Business Editor An estimated 1,500-2,000 Bahamian homes have mortgage loans that are more than 90 days past due, the Clearing Banks Association (CBA) told Tribune Business yesterday, with the se
De-risk 'client migration' to benefit larger banks
Correspondent bank 'de-risking' could drive another wave of Bahamian financial services consolidation by sparking "client migration" to larger institutions, a former finance minister has warned.
FUND 'BELOW PAR' AFTER 50% VACANCY CUT FAILURE
By NEIL HARTNELL Tribune Business Editor The Bahamas Property Fund's failure to cut the 20 per cent vacancy rate at its flagship Bahamas Financial Centre by half meant its 2011 performance fell "slightly below expectations", although last May's Bahamian
