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Cable predicting 130% profit growth to 2018

Cable Bahamas is forecasting that net income will increase by 130 per cent over the next five years as a result of its Florida expansion, with its US interests ultimately accounting for one-third of its bottom line.

Web shops ‘taking advantage of workers’

THAT Island Luck employees were seemingly threatened with a loss of pay if they failed to attend Thursday’s protest is a “blatant, naked attempt to take advantage of poor people”, Tourism and Aviation Minister Dionisio D’Aguilar said yesterday.

Web shop pay cut threat over anti-VAT demo

Island Luck employees were seemingly threatened with the loss of a day’s pay if they did not attend yesterday’s anti-VAT and gaming tax protest in Rawson Square.

VAT ‘outlier’ status in up to 25% marina fall

Marinas are warning the “hesitancy” of foreign yacht charters to consider The Bahamas because of its status as a VAT “outlier” has caused a 20-25 percent business drop-off for some properties.

Treasury revenues slumped 55% in year's final quarter

THE COVID-19 pandemic has contributed to a 55.2 percent contraction in receipts across taxed industries, according to the Ministry of Finance’s budgetary performance report for the fourth quarter of the 2019/2020 fiscal year.

‘Major progress’ on one insurance law

Regulators say “significant progress” has been made in combining the Bahamian insurance industry’s regulatory regime into one law after the sector saw gross written premiums increase by $60m in 2022.

Ministry’s $400k purchase first acquisition in 20 years

The Ministry of Works yesterday said it has hired an extra 25 workers to man $400,000 worth of newly-acquired equipment that is “vital” to patching potholes and enhancing the road network.

Bahamas escapes PR damage from bonefish guide abuse

The Bahamas almost suffered a tourism PR blow after seven visiting sportsfishing journalists saw their guide verbally abused and intimidated by a fisherman engaged in illegal netting.

Construction costs to jump 20% this year

Two ex-Bahamian Contractors Association (BCA) presidents yesterday warned that construction costs will likely increase up to 20 percent this year as cement became the latest product to take a hit.

Briefly

Trunks, suitcases, vanity case, executive-cases, briefcases handbags etc. of leather or composition leather, of plastic sheeting

Clubs and Societies 09/19/2014

Cycling Club Bahamas. - Saturday, September 20 - The Potcakeman Tri http://www.baarkbahamas.com/potcakeman-2014-triathlon.

Cybots take 2-0 lead over Giants

FOR the second consecutive game, the Mail Boat Cybots found a way to beat the Commonwealth Bank Giants as they took a 2-0 lead in the New Providence Basketball Association’s best-of-seven championship series. This time, the Mail Boat delivered the win from the free throw line.

Streaks come to an end for ‘Buddy’ Hield, Deandre Ayton

SATURDAY’s NBA schedule featured the end of a five-game winning streak for Deandre Ayton’s Phoenix Suns and the end of Chavano “Buddy” Hield’s four-game streak scoring at least 20 points.

MORE THAN 100K NOW VACCINATED . . . but confirmation of 20 more deaths shows COVID fight not over

THE Ministry of Health confirmed 20 additional COVID-19 deaths on the weekend, bringing the total to 557 to date.

Regulator backs NewCo on 25% higher charges for termination

Regulators have backed the new mobile operator’s argument that it should be allowed to charge “asymmetrical” call termination rates that are 25 per cent higher than the Bahamas Telecommunications Company’s (BTC) over the short-term.

Man accused of sex with two teenaged girls

A 25-year-old man was remanded to prison on Friday accused of having sex with two teenaged girls.

Minister buys first gold relay tickets

SPORTS minister Dr Daniel Johnson bought the first two gold tickets to get sales rolling for the May 24 and 25 International Association of Athletics Federations (IAAF) Bahamas World Relays 2014 at the Thomas A Robinson Stadium.

Fidelity targets 10 per cent profit rise for 2018

FIDELITY Bank (Bahamas) is targeting 10 per cent net income growth for 2018 as consumer loan expansion continues to compensate for mortgage book contraction.Gowon Bowe, the BISX-listed commercial bank’s chief financial officer, told Tribune Business

Bahamian weather experts to give BNT presentation

TWO authorities on the Bahamian climate - former College of the Bahamas geography lecturer Neil Sealey and Department of Meteorology forecaster Wayne Neely - will give a joint presentation at the Village Road headquarters of The Bahamas National Trust on Wednesday, January 20.

Date for appeal of murder conviction

A NEW court date has been set for a man contesting his conviction and sentence in the Court of Appeal for a failed home invasion that turned deadly.

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