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Four months to 'convince' Gov't on spending cuts

The Tax Coalition has four months to “convince” the Government that commitments to spending curbs are “essential”, a co-chair adding that expenditure increases across 30 ministries do little to inspire confidence.

Exumians want to 'own tools' in island's 'transformation'

Exumians want “to be more than employees” in the numerous multi-million dollar investment projects than can “transform” the island’s economy.

Auto prices 'worse' if VAT levied at port

A leading auto dealer yesterday urged the Government to clarify whether it will levy its 7.5 per cent Value-Added Tax (VAT) at the border, warning that the tax burden will be “worse” than its initial model if it does.

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.

Cool 96's Ed Fields signs off for the last time

AFTER TWO decades on air as one of the country’s best-known radio personalities, Ed Fields, known for his provocative remarks and wit, is set to sign off for the last time.

No salary increases likely for public service

SALARY increases for the public service are not likely in the new fiscal year, Labour Minister Shane Gibson said yesterday.

Cable's $114.5m sets 'Markets milestone'

Exuma’s February Point project is aiming to hire a further 120-140 persons when construction work ramps up within the next two months, its owners yesterday telling Tribune Business the project was “moving a little faster than we anticipated”.

Woman shot in leg

POLICE are investigating a Sunday shooting that left a woman in hospital.

'Citizenship should be earned, not paid for'

A developer believes the Bahamas does not need an Investor Citizen programme because permanent residency is sufficient, adding: “Citizenship should be earned for who you are, not what you pay.”

Bahamas eliminated

The men’s national volleyball team gave it a gallant effort at the Juan “Pachín” Vicens Auditorium, but a third place finish over the weekend eliminated the Bahamas from the NORCECA Men’s World Championship Qualification Tournament.

Fear and loathing in the Bahamas

AN OFTEN overused term in political and legal spheres is that “justice must satisfy the appearance of justice”. Just as critical as the need for the courts to appear to be free from political impunity, the police must also appear to be fair and transparent in its administration of the law. Both play a critical role in maintaining law and order and in fostering respect for law and order - an interdependent cycle.

Insurer: Contractor premiums down 50%

A Bahamian insurer yesterday said premium income from its contractor all-risk business had declined almost 50 per cent over the past four years, as it predicted “another flat year” for 2014 overall.

Payroll best for hotels, but not for households

The fiscal policy reform dilemma facing the Government was yesterday highlighted by a private sector study, which found that while the tourism industry would “fare better”under a payroll tax, the opposite was true for Bahamian households.

MITCHELL CASTS DOUBT ON INVESTOR CITIZENSHIP PLAN

FOREIGN Affairs Minister Fred Mitchell said yesterday that he does not think the idea of high net worth expatriates gaining Bahamian citizenship in exchange for investments would work in the Bahamas as it “would not fly well” with the local populace.

Insurer exceeds goal 13% despite motor 'squeeze'

A Bahamian insurer yesterday said it beat 2013 profit targets by 13 per cent, but warned that an all-sides “squeeze” was now threatening an historic net income generator that accounts for almost one-third of its top-line.

'Most revolutionary' impact in BEC reform

The proposed Bahamas Electricity Corporation (BEC) and wider energy sector reforms can have “the most revolutionary” impact on the economy, a Tax Coalition co-chair believes, offsetting the impact of Value-Added Tax (VAT) or any alternative.

Bimini: Bahamas 'trades quality for quantity'

A world-renowned dive guru yesterday said the Bahamas was sacrificing “quality for quantity” with its tourism development policies for Bimini, adding that he was “heartbroken” the Court of Appeal had failed to halt Resorts World’s dredging.

AUDIO - Mitchell: Middle East trip will aid business

FOREIGN Affairs Minister Fred Mitchell says a recent trip to the Middle East has sparked new relationships which will assist in developing business and investments throughout the Bahamas.

CIBC: $174m net loss 'final rebound phase'

CIBC FirstCaribbean’s capital market-record $174 million net loss is unlikely to be repeated and represents the final stage in a “three-phase approach to revive our business”, its Bahamian managing director told Tribune Business.

RoyalStar: 'We'll be hunter, not the prey'

RoyalStar Assurance is aiming to leverage its $44 million net equity and “become one of the premier players in the Caribbean” within the next five years, its managing director saying: “We want to be the hunter, not the prey.”

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