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Bahamas sees $715m gain if ‘infrastructure gap’ closed
The Bahamas stands to gain a $715m boost if it invests just $31m to close the “digital infrastructure gap” between itself and the world’s leading economies, a multilateral lender is arguing.
Freeport’s restaurants 50% below break even
A typical restaurant in Freeport’s Port Lucaya Marketplace “regularly fails” to earn 50 per cent of what is required to ‘break even’ on a daily basis, the Government has been warned.
Gov’t agrees ‘few hundred thousand’ in VAT credits
The Government has approved “several hundred thousand dollars” of Value-Added Tax (VAT) credit refunds, a top official yesterday promising that businesses would not endure “a protracted wait” to receive them.
All registrants to pay VAT monthly
A top private sector executive yesterday questioned whether planned amendments to the Value-Added Tax (VAT) Act are due to concerns that non-monthly filers are spending the taxes they collect on the Government’s behalf.
Cellular revenues per user up despite subscriber fall-off
The Bahamas Telecommunications Company’s (BTC) average revenue per user (ARPU) in the cellular market grew by almost 25 per cent in 2013, despite a market that declined slightly in terms of subscriber numbers.
Swift Masters do Bahamas proud
SIX members of Swift swimming represented the Bahamas well at the World Masters Championships. The World Championships highlight both the club and country at the worlds’ largest meet.
Auto chief waits 6-8 months for $200k tax refund
The Bahamas Motor Dealers Association’s (BMDA) president yesterday revealed he has been waiting six-eight months for a $200,000 tax refund, while seeing “only red ink” on his company’s financial spreadsheets.
BOB: $70m wiped off value in week
Bank of the Bahamas saw almost $70 million wiped off its stock market value last week, as investors searched for the ‘floor’ following the removal of price movement restrictions.
Police chief concern over bail decisions
POLICE Commissioner Clayton Fernander said police are looking forward to a good year working with legal officials with a view of taking individuals off the street who continue to offend and get bail.
‘Coach Yo’ named to men’s national team coaching staff
YOLETT McPhee-McCuin continues to make history in the coaching ranks and achieved another milestone on her résumé when she became the first woman to join the coaching staff of a Bahamas senior men’s national basketball team.
Athletes get set for CARIFTA trials starting Friday
IN anticipation of the finals trials this weekend and subsequently the CARIFTA Games over the Easter holiday weekend, the top sprinters eligible for Team Bahamas got a chance to go through a block start session.
Hurricane Hole Superyacht Marina opened
STERLING Global Financial officially opened its Hurricane Hole Superyacht Marina on Paradise Island on Friday, marking a significant milestone for the international company.
Cable losses hit $16.7m amid wait for growth pay-off
Cable Bahamas suffered a 12.5 per cent increase in annual net losses to $16.658 million for 2016, driven by Hurricane Matthew-related repair costs and the wait for expansion investments to pay off.
Insurers 'uncertain' over hospital debts
THE Bahamas Insurance Association says it is “uncertain at this time” if private insurers owe revenue to the Public Hospitals Authority due to the PHA’s inadequate billing system. Health Minister Dr Duane Sands has said the PHA delivers as much as $4
$5m deal signed to improve water supply in Long Island
A $5m contract was signed yesterday between the Water and Sewerage Corporation and BHM Company Limited to bring potable water to hundreds of residentes in Long Island. Settlements such as Salt Pond have “suffered for far too long without a reliable p
Contractors: ‘Perfect storm’ over raw materials quotes
Bahamian contractors “cannot control prices” because quotes on building materials are holding for as little as 48 hours, with one saying yesterday: “It’s just the perfect storm.”
‘Super Mario Run’ makes missteps
Super Mario might be running, but a hefty price tag for a mobile game just won’t fly with the masses.
Exploring Bahamian heritage through fashion
A YOUNG CALIFORNIA fashion and design student is exploring her Bahamian roots, weaving together the threads of two different worlds.
Six-month 'past due' loans double to 60%
The proportion of non-performing loans more than six months’ past due has almost doubled from pre-recession levels to 60 per cent, reflecting both borrower struggles and bank repossession difficulties.
Gov’t owed ‘at least’ $59m by Baha Mar
Baha Mar allegedly owes the Government “at least” $59 million in unpaid taxes, fees and utility bills, including monies due to the National Insurance Board (NIB) and for work permit fees.
