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Small Business Agency in 20% operating expense cap

The proposed Small Business Development Agency (SMEDA) can only allocate 20 per cent of its funding to cover operational expenses, freeing “no less than $8 million” per year to assisting Bahamian entrepreneurs.

Water Corp's 20% demand cut gives $1.7m in savings

The Water & Sewerage Corporation’s leak reduction initiative has cut water volumes purchased from its BISX-listed supplier by 20 per cent, it was revealed yesterday, slashing its top-line for the first nine months by 2014.

BOSS calling BTC into line on 20% sales fall

A well-known retailer yesterday blasted the Bahamas Telecommunications Company (BTC) for phone line woes that slashed sales in key product lines by up to 20 per cent during its “Christmas season” equivalent.

CARIFTA Trials and Nationals wraps up exciting day one

St. Augustine’s College Big Red Machine leads the team rankings after day one of the combined CARIFTA Trials and National High School Championships. The Big Red Machine ended day one with a total of 210.50. The Queen’s College Comets came right behind with a total of 167.50. Third place in the rankings belonged to St John’s College with 73 points.

GBPA reforms critical as 'we're at the bottom'

A prominent Freeport attorney is today backing a Government takeover of the Grand Bahama Port Authority (GBPA), telling Tribune Business: "We're at the bottom and haven't moved for 20 years."

‘Burden cannot be heavier with corporate income tax’

Corporate income tax must not impose a heavier tax burden on businesses than what already exists, private sector executives are warning, while urging that such proposed reform cannot be viewed in “isolation”.

Gov’t told: Avoid ‘piecemeal approach’ over tax reforms

The Opposition’s leader yesterday urged the Government to avoid “a piecemeal approach” to reform in the FNM’s response to the corporate income tax proposal, warning: “We have a very small margin for error.”

Eric Wiberg – PBM Mariner seaplane sinks near Royal Island

ON the night of Wednesday, July 19, 1944, at Royal Island, North Eleuthera, Lt (jg) HL Hayes crashed while landing in a turbulent sea. No injuries to the personnel occurred, but both wing floats were torn off the plane and the starboard wing tip bounced on the bottom and finally sank in 20 feet of water. The plane was damaged beyond repair and was later surveyed.

CARIFTA standards attained at T-Bird meet

AT least four athletes attained the qualifying standards for the 50th CARIFTA Golden Jubilee here over the Easter holiday weekend, while there were several record-breaking performances as the T-Bird Flyers concluded its two-day meet at the Thomas A Robinson Track and Field Stadium on Saturday.

Budget’s housing focus can be ‘windfall catalyst’

The Budget’s focus on stimulating home ownership “could be the catalyst that triggers an economic windfall” by boosting investor confidence in the wider economy, the Bahamian Contractors Association’s (BCA) president believes.

Athletes qualify for the CARIFTA Games

DANIELLE Nixon and Taysha Stubbs were the latest field athletes to attain the CARIFTA Games qualifying standard.

Water Corp needs 'topup' to $20m subsidies

By NEIL HARTNELL Tribune Business Editor The Water & Sewerage Corporation will "definitely need" an increase to the existing $20 million taxpayer subsidy allocated to it for the 2011-2012 fiscal year, its gene

Bahamians warned: 'Brace' for 15-20% premium rises

Bahamian businesses and households were yesterday warned to “brace” for insurance premium increases of up to 15-20 per cent as a result of the 2017 hurricane season.Property and casualty insurers warned of potentially “significant” rate increases as

Food store VAT exceeds forecast by double digits

Food stores’ early 12 percent VAT collections have exceeded predictions by double digits, with Super Value’s owner admitting: “We were all wrong about breadbasket sales.”Rupert Roberts told Tribune Business that VAT “zero rated” food products were up

THE KDK REPORT: The enemy within

Every parent has a dream for their child. Some have intricate plans of what schools they should attend and what career they should choose. Others are less rigid, focusing more on the type of person they will develop into and the hope that they can find happiness along the way. The patient highlighted in today’s report is the mother of three children and her dreams for her second child, her only son, were shattered when he was diagnosed with paranoid schizophrenia at the age of 20.

Whymns and Moss strike Carifta gold for Bahamas

MULTI-TALENTED Denvaughn Whymns struck gold for the Bahamas to spark day one of the 46th Flow Carifta Games that ended with six medals - two golds, three silvers and a bronze - for the country on Saturday at the Sentro Deportivo Korsou National Stadium.

15-20 per cent of power restored in New Providence

BAHAMAS Power and Light (BPL) CEO Pamela Hill said the electricity provider has restored around 15 to 20 per cent of New Providence’s electricity supply as it juggles infrastructural damage and challenges at its Clifton Pier generation station in the aftermath of Hurricane Matthew.

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