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RoyalFidelity predicts ‘double digit millions’ for new fund
RoyalFidelity believes its latest mutual fund will attract “double digit millions” from Bahamian investors through its promise to pay them a 4 per cent annual dividend.
Smith: Mitchell's comments are a farce
HUMAN rights activist Fred Smith said yesterday that recent comments from Immigration and Foreign Affairs Minister Fred Mitchell about the government’s immigration policy were “a farce” and “not based in reality.”
Ryan’s employer: Financial sector’s ‘great opportunity’
Ryan Pinder’s new employer believes the Bahamas has “a tremendous opportunity” in financial services if it is innovative, with its current recruitment drive intended to position the institution “for the next 20 years”.
PM defends bank chief
PRIME Minister Perry Christie last night vigorously defended Bank of the Bahamas Managing Director Paul McWeeney, saying that the clearing bank grew impressively in several areas under his more than a decades long leadership.
Antoan: I never gave up on my dream
IT’S one thing to get a chance to play at the highest level of your sport. It’s another when you get a second chance to do it all over again.
Minnis says rise in unemployment is sign of a government of broken promises
FREE National Movement Leader Dr Hubert Minnis yesterday criticised the Christie administration over the latest national unemployment statistics, which show a 1.4 per cent increase despite slight growth in the labour force in the second half of last year.
Cybots rout Cleaners 104-71, Wreckers clip Rockets 87-86
WHILE the Mail Boat Cybots pulled off a rout, the Y-Care Wreckers had to go right down to the wire before they prevailed in the New Providence Basketball Association’s double header at the AF Adderley Gymnasium on Monday night.
Four web shops closed before Bill hit House
At least four web shop operators exited the industry before the new Gaming Bill ever went to Parliament, a prominent attorney has revealed, while confirming that Percy’s Island Game was “definitely going ahead” to obtain a license.
Small businesses warned: Don't abuse VAT privileges
Small businesses were yesterday urged not to “abuse their privileges” under the revised Value-Added Tax (VAT) structure, a consultant warning them not to treat due taxes like unscrupulous firms treat National Insurance Board (NIB) contributions.
Smith says neighbours have been 'put up' to suing him
FRED Smith, QC, believes that two of his neighbours at Smith’s Point have been “put up” to bringing a lawsuit in the Supreme Court against him concerning a groyne constructed at his Grand Bahama property in an attempt to paint him as a “hypocrite or an environmental terrorist”.
Bahamas 7th overall at CUT Track & Field Championships
THROUGH no fault of their own, Team Bahamas finished seventh after they were eventually able to compete at the 16th Caribbean Union of Teachers Track and Field Championships.
Science workshop aims to tackle coral decline
AN international partnership aimed at reversing the decline of coral reefs in the Bahamian archipelago has been launched at a science workshop in Rock Sound, Eleuthera.
Sandals ‘acted correctly’ over termination of employees
PETER Goudie, co-chairman of the National Tripartite Council, has defended the way Sandals Royal Bahamian Resort terminated more than 600 employees last month, saying the resort followed the law and acted correctly.
Government approves $2m to rebuild BAMSI dorm
THE government has approved the use of more than $2m to rebuild the Bahamas Agriculture and Marine Science Institute (BAMSI) dormitory that was destroyed by fire in early 2015, according to Agriculture and Marine Resources Minister V Alfred Gray yesterday.
Shaunae breezes into 400m semifinal
RIO de Janeiro, Brazil: Shaunae Miller made her opening round of the women's 400 metres look so easy on Saturday at the Olympic Stadium.
Receivables fear if VAT health claims change
A prominent doctor has voiced fears that medical practitioners will have to pay VAT if their patients cannot afford to do so should the Government persists with the changed tax treatment of health insurance claims payouts.
DPM urges Atlantis: 'Put money where mouth is'
The Deputy Prime Minister yesterday invited Atlantis to “put their money where their mouths are" and team with the Tourism Development Corporation to help drive downtown Nassau's revival.
Reforms to boost financial services industry flexibility
Reforms to two key corporate products will boost the Bahamian financial services industry’s competitiveness by enabling it to provide more flexible structures to clients, the Attorney General has charged.
Restaurant chain eyeing 20% bond for expansion
A restaurant entrepreneur, who financed his expansion via crowdfunding, yesterday said he now plans to offer a short-term bond paying 20 percent interest to fund the $150,000 required for outfitting a third location.
Liveable wage not possible without productivity boost
A CABINET minister yesterday warned that achieving a “liveable wage” will not be possible unless there is an improvement in Bahamian worker productivity and business efficiency.
