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CARIFTA SWIMMING: Bahamas among top performers

Prior to the CARIFTA Swimming Championships, head coach Andy Knowles said he expected his 36-member team to “compete with the top tier teams this year” at the 29th edition of the meet.

GOLD RUSH: Team Bahamas earns 38 medals, 16 gold

Team Bahamas continues its stellar performance at the 29th CARIFTA Swimming Championships in Aruba and appears on pace to claim the overall meet title headed into the final day of competition today.

Nassau/PI resort room revenues decline 7.4%

The Bahamian economy remained “relatively flat” in September, the Central Bank of the Bahamas revealing yesterday that Nassau/Paradise Island hotel room revenues were down 7.4 per cent year-to-date for the first nine months of 2013.

July 1 taxation date for web shops

PRIME Minister Perry Christie affirmed his government’s intent to regulate and tax web shops, telling the House of Assembly yesterday that whenever the proposed taxes on the underground sector are introduced, they will be retroactive to July 1 this year.

Insurance fear on inflationary impact from VAT

A leading Bahamian insurer has expressed concern about a potential “one-time” balance sheet hit if claims reserves are not sufficient to absorb the 7.5 per cent Value-Added Tax’s (VAT) inflationary impact.

Weak men fear women leaders

EDITOR, The Tribune.

Fund's $1.6m profit return holds lesson

RoyalFidelity Merchant Bank & Trust’s matured investment fund has delivered more than $1.6 million in collective profits to Bahamian investors , proving that opportunities exist in rock-bottom markets.

Man ordered to pay former wife $340,000

THE Court of Appeal has ordered a man to pay his former wife over a quarter of a million dollars within the next two months or risk the 3,000 shares he holds in his $1.1 million investment company being sold at public auction to satisfy the court order.

‘Everything is on table’ over VAT health claims

The Ministry of Finance’s top official says “everything is on the table” with VAT-related reforms, which could have raised medical costs for thousands of insured Bahamians, now not proceeding prior to the Budget at end-May.

Chief Justice exposes ‘fronting’ on Bay Street

The Chief Justice has ruled that “illegality was a major part” of a Bay Street retail ‘fronting’ deal involving one of Nassau’s most prominent Greek-Bahamian families.

Granger scores 25 as Pacers cool down the Heat 105-90

By CLIFF BRUNT AP Sports Writer INDIANAPOLIS (AP) -- Welcome to the spotlight, Indiana Pacers. While the Dwight Howard contract saga in Orlando, the emergence of Jeremy Lin in New York and team success in Chicago and Miami grabbed attention in the Eastern

National high school soccer champions soak up spotlight

A goal on a header from Charles Allan was all that the Lyford Cay International School needed to clinch the Sam Haven senior boys’ national high school soccer championship title. It took one extra penalty shot for the Lucaya International to take the girls’ title to Grand Bahama.

BNT: $10m costs make Albany-type deals imperative

The Bahamas National Trust (BNT) yesterday said the $10m annual operating costs for this nation’s national parks meant it had no choice but to seek private capital backing.

'Everything spins' on founder finding for $400m project

Sir Franklyn Wilson says "everything spins" on how quickly the Jack's Bay project can find 40 "founder" investors to kick-start its next expansion phase following Friday's Heads of Agreement signing. Making an impassioned plea for "everyone in Eleut

Businesses say - we’ll need a lot more

The Government was yesterday urged to "marry health with economics" to maximise the "phenomenal gesture" of its $60m bid to safeguard up to 10,000 jobs through tax credits and deferrals.

PETER YOUNG: We need to be tough on illegal immigration but obey the law

THE most recent comment by Senator Ted Cruz about the ongoing crisis on the US border with Mexico says it all.

BTC ‘a gift that will keep on giving’ - unions not so sure

The Bahamas Telecommunications Company’s (BTC) owner yesterday hailed the carrier as “a gift that is going to keep on giving” through increased profitability despite its mobile struggles.

Crime fears collapse $18m PI home sale

An $18m home sale in Paradise Island’s Ocean Club Estates collapsed yesterday after the buyer was spooked by The Bahamas’ crime woes, with a realtor warning: “We’re going to pay for that.”

Increased taxation is nothing without good governance

APRIL is tax return month in the US - and here in the Bahamas we have just embarked on the road to substantially increased taxation, with the proposed introduction of a value-added tax on goods and services before the next general election. This will begin a process of raising government revenue from around 19 per cent of GDP to some 23 per cent.

YOUNG MAN'S VIEW: Future up in the air

IN order for true national development to be attained, the government—if only for a period—must pass essential air services legislation and/or implement regulations that would foster a greater interconnectivity of our archipelago.

The Tribune

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