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Senior official to oversee Social Safety Net scheme
THE appointment of a senior government official to oversee the process leading to the implementation of the Social Safety Net Programme is a clear sign of the government’s commitment to improving the lives of citizens, Minister of Social Services and Community Development Melanie Griffin said.
Griffin: Budget aggressively deals with social issues
THE government’s 2013-14 budget contains an “aggressive, socially-driven, agenda that will wipe every tear from every eye,” Minister of Social Services and Community Development Melanie Griffin said.
Govt collects $150m in new net revenue from VAT
Preliminary results show that, up until June, the government collected $150 million in new net revenue from VAT, State Finance Minister Michael Halkitis said yesterday.
Team Bahamas shines at Arkas Optimist World Championships
Team Bahamas delivered several milestone performances at the 2022 Arkas Optimist World Championships.
Kalik maker overcomes $15.8m cost hike with 67% profits jump
COMMONWEALTH Brewery overcame an inflation-driven $15.8m increase in total costs to yesterday unveil 66.7 percent year-over-year profit growth for 2022.
Ministers hails 'unprecedented' $140m social protection net
A Cabinet minister yesterday hailed the 2020-2021 Budget’s expanded $140m social safety net as “an unprecedented measure for an unprecedented time”. Frankie Campbell, minister for social services and urban development, told the House of Assembly dur
FINCO non-accruals strike 11.84% mark
FINCO non-accruals strike 11.84% mark By NEIL HARTNELL Tribune Business Editor Finance Corporation of the Bahamas (FINCO) saw its non-performing loans increase by less than 1 per cent or $519,000 during the first quarter of its 2012 financial year, hitt
FINCO non-accruals strike 11.84% mark
FINCO non-accruals strike 11.84% mark By NEIL HARTNELL Tribune Business Editor Finance Corporation of the Bahamas (FINCO) saw its non-performing loans increase by less than 1 per cent or $519,000 during the first quarter of its 2012 financial year, hitt
Colina raises policy reserves by $20.2m
Colina Holdings Bahamas (CHBL) yesterday unveiled a $20.2m increase in reserves to cover future policyholder payouts in the wake of Hurricane Dorian.The rise, likely undertaken in anticipation of increased benefits claims, occurred as the BISX-listed
Lyford Cay Classic tournament winners on course for success
The Bahamas Golf Federation recently hosted it’s latest tournament, the Lyford Cay Classic, the first Stapleford Points event in Nassau for the 2017 season. The event had a mixture of male, female and junior golfers. The BGF extended its congratulati
VAT Briefs
While commercial property sales involving occupied buildings will see 7.5 per cent Value-Added Tax (VAT) levied on the sales price, Financial Secretary John Rolle yesterday said companies would be able to claim a ‘credit’ for it, or ‘net it off’, in their VAT returns.
LPIA in 'substantial' 6.9% seats increase
The Lynden Pindling International Airport (LPIA) has seen “a quite substantial” 6.9 per cent increase in incoming airline seats during the first four months of its current financial year, its operator yesterday saying net income “isn’t the most accurate reflection of our health”.
BTC 'exacerbates' $265m FDI decline
A $265 million decline in year-over-year net foreign investment (FDI) into the Bahamas is not as bad as it seems, the Central Bank’s governor yesterday saying that stripping out the BTC privatisation proceeds produced a more “modest” 7.6 per cent fall.
Callenders attorneys attend China summit
Two Callenders & Co partners will head to Shanghai next month for a major international. financial conference on wealth and asset management, which is expected to attract some 500 advisors and professionals serving China’s fast-growing high net worth individual population.
Insurer suffers $220m in Hurricane Dorian claims
JS Johnson’s underwriting affiliate suffered just a $105,787 net loss for 2020 despite incurring more than $220m in insurance claims, it was revealed yesterday.The BISX-listed broker and agent, unveiling its results for the full-year and fourth quart
Renewable provider proposes solar for 25% BEC needs
A BAHAMIAN renewable provider has presented the Government with an “energy mix” proposal to allow for 25 per cent of the Bahamas Electricity Corporation’s (BEC) daytime generating capacity to be derived from solar power.
Hitting near 3% growth to make ‘incredible difference’
Economic growth in the “upper 2 percent” range and above will make “an incredible difference” to The Bahamas’ economic prospects if achieved consistently, the Central Bank governor asserted yesterday.
SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for
SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for
SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for
