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ART OF GRAPHIX: Cast your net far and wide online

Yes, your business really does need a website. There are not many companies that can survive without an Internet presence. Your firm’s website can be a highly effective marketing tool, and very cost-efficient, meaning there are numerous benefits and little downside. There are also many things you can do with your website, as shown below.

‘No complaints’ on 72% profits decline

Bahamas First’s chief executive was yesterday “not complaining at all” despite a 72 per cent fall in total comprehensive income for 2016, driven by a one-third increase in net claims stemming from Hurricane Matthew.

Vacation rentals ‘explosion’ threat to hotel business

The “exploding” vacation rental market will likely eat into hotel occupancy rates, a Bahamian realtor predicted yesterday, estimating that 20 per cent of this nation’s stopover visitors are currently using such accommodation.

BoB bail-out debtors block property access

Three of the ‘bad’ Bank of the Bahamas’ debtors involved in its bail-out are refusing to grant access to their properties, with the total portfolio transferred now worth 55.6 per cent less than the original valuation.

Bahamas First in ‘exclusive’ Cayman patient refer deal

Bahamas First’s chief executive yesterday said it “definitely has no intention” of entering the local health insurance market, despite a subsidiary obtaining ‘exclusive rights’ to refer Bahamian patients to a Cayman hospital.

Credit Bureau ‘eye opener’ for debt-laden Bahamians

The proposed Credit Bureau will be an “eye opener” for many Bahamian consumers when it exposes just how heavily indebted they are, the Central Bank’s governor said yesterday.

BPL can pass license fee on to consumers

The Utilities Regulation and Competition Authority (URCA) has rejected Bahamas Power & Light’s (BPL) argument that fuel costs not be included in the calculation of its annual license fee.

VAT model not given credit for recession avoid

The Bahamas’ Value-Added Tax (VAT) model has not been given enough credit for preventing any “recessionary impact” when it was implemented, the Chamber of Commerce’s president said yesterday.

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Woman arrested as $6,000 of marijuana is seized

POLICE arrested a woman from Eleuthera on Sunday after a joint operation netted the seizure of five pounds of marijuana and $6,000.

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Cybots stop Regulators 93-83 to take 1-0 lead

The Mail Boat Cybots survived a tough battle with Mr Ship It Freight Regulators to secure a 93-83 victory for a 1-0 lead in the New Providence Basketball Association men’s division one championship series.

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PM: It is easy to 'piss away' funds

WHILE some observers continue to criticise the Christie administration over the way it handles government revenue, Prime Minister Perry Christie admitted yesterday that it could be easy to “piss away” public funds.

Next Govt urged: Break ‘constant borrowing mindset’

The Chamber of Commerce’s chairman yesterday urged the next Government to “break the mindset of constant borrowing” and enable the Bahamas to finally get a grip on its recurring fiscal deficits.

BTC: Aliv taking ‘Liberty’ on name

The Bahamas Telecommunications Company (BTC) is demanding that its new mobile rival stop using its controlling shareholder’s name to brand one of its product suites, setting the stage for a bruising trademark lawsuit.

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PM: Minnis has no clue about governance

PRIME Minister Perry Christie chastised Free National Movement (FNM) Leader Dr Hubert Minnis on Friday, claiming the Killarney MP seemed to have no clue about governance in the Bahamas or how the Ministry of Finance functions.

Aliv’s bond offering ‘100% oversubscribed’

The Bahamas’ new mobile operator yesterday said it had received “a resounding vote of confidence” from local investors, after its $30 million bond offering was “100 per cent oversubscribed”.

PM’s Office sees budget quadruple

The Government has quadrupled the 2016-2017 Budget for the Prime Minister’s Office to $79.947 million, an increase that was yesterday branded “absolutely crazy” by its political opponents.

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PM: Not a dollar of VAT wasted

AMID lingering questions regarding Value-Added Tax (VAT) collections, Prime Minister Perry Christie was on the defensive yesterday as he explained how his administration handled $1.14bn in VAT revenue accumulated during 2015 and 2016, insisting that not one dollar of the money has been “frittered away” or spent “surreptitiously”.

PM: 40% of VAT money to deficit

Prime Minister Perry Christie yesterday said 40 per cent of the $1.14 billion Value-Added Tax (VAT) revenues has gone towards reducing the deficit, as he gave an accounting designed to end the “grave and nonsensical misconceptions that revenues were being squandered”.

Doctors speak up on NHI changes

AS the enrollment phase of National Health Insurance (NHI) nears, senior doctors are still seeking answers to a long-held question: what about the healthcare system and culture in the Bahamas will truly change when NHI is introduced?

Measure VAT success from deficit reduction

Value-Added Tax’s (VAT) success can only be measured by the extent to which it reduces the fiscal deficit, a Bahamian economist saying: “You can’t call VAT a success if you have not reduced your deficit.”