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Colina profits rise, cautious over VAT
Colina Holdings Bahamas yesterday reported another profitable quarter in 2013, with operational performance yielding a period-over-period increase in total premium revenue and an $11.7 million growth in the asset base.
‘Irreversible’ harm fears on $580m Abaco project
The Government has been urged to reject the proposed $580m South Abaco mixed-use resort project due to “tremendous concerns” over its “financial viability and environmental impact”.
Bahamas is most expensive Caribbean cruise location
The Bahamas is the most expensive Caribbean destination for the cruise ship industry, a newly-released survey revealing that it spent 78.3 per cent more in this nation than anywhere else in the region.
Bran: ‘How many must die before we carry out capital punishment?’
DEMOCRATIC National Alliance Leader Branville McCartney yesterday asked “how many more must die” to violence before lawmakers do what is necessary to protect the public and carry out capital punishment.
Bishop backs salary payment
BISHOP Simeon Hall yesterday said he supported the government’s decision to pay the salaries of more than 2,000 Baha Mar employees despite not yet honouring its promise to assist the thousands of people who lost millions of dollars when CLICO (Bahamas) collapsed.
Gas station warning of New Year lay-offs
A gas station operator yesterday warned the 24 percent minimum wage increase will “almost certainly” force the sector to cut staffing levels unless the Government grants a long-awaited margin increase.
BBF on path towards qualification for 2016 Olympics
THE path toward Olympic qualification in 2016 begins this month for the Bahamas Basketball Federation with one of the top events in the regi
60% May occupancy represents Big Game
THE Bimini Big Game Club has been booked out for the Memorial Day weekend two months' in advance, its general manager telling Tribune Business that this represented a marked departure from the normal two-week booking pattern.
Trying to avoid an Easter shutdown
ECONOMIC Affairs Minister Michael Halkitis said the government is planning to meet with the Bahamas Petroleum Dealers Association today to address their concerns about rising fuel prices, among other things.
SAFETY FIRST FOR JUNKANOO: Police out in force, says minister, as tickets in demand
YOUTH, Sports and Culture Minister Mario Bowleg is pledging that the upcoming Junkanoo parades will be safe, with police and Defence Force officers set to be out in full force.
BISX-listed fund: 10% pt rental rise is ‘dividend trick’
The administrator for the BISX-listed Bahamas Property Fund yesterday said a 10 percentage point increase in average occupancy rates would “be the trick” to unlocking long-awaited dividend payments.
Lives of farm pigs not threatened by fire
BAHAMAS Humane Society (BHS) President Kim Aranha yesterday confirmed that the lives of 100 pigs at a farm off Gladstone Road were not threatened by the smoke and flames emanating from the New Providence Landfill’s most recent fire.
Workers 'breaking down door' to make exit
THE union representing Water and Sewerage Corporation (WSC) line staff yesterday welcomed the planned Voluntary Separation Packages (VSEPs), as workers will be “breaking down the door to get out of here”.Dwayne Woods, the Bahamas Utilities Services a
50% cash use fall 'ambitious, not impossible'
The government’s target to reduce Bahamian society’s cash use by 50 percent within the next five years is “ambitious but not impossible”, a well-known banker said yesterday.Gowon Bowe, Fidelity Bank (Bahamas) chief financial officer, told Tribune Bus
BTVI readies for City and guilds expansion
Twenty-seven persons from the Bahamas Technical and Vocational Institute (BTVI) recently attended training sessions that focused on City and Guilds’ assessment and quality assurance.The four-day training session in New Providence came as BTVI further
PM ‘understands anger and frustration’
PRIME Minister Dr Hubert Minnis hopes that union representatives will come to appreciate the less-than-ideal state of the government’s finances when he meets them on Saturday, but says he understands the anger and frustration of Bahamian workers.
Tech hub ‘visa’ being finalised
LEGISLATION for the creation of a “BH-1B visa” is being finalised to boost Grand Bahama’s attraction for relocating technology companies, a Cabinet Minister revealed yesterday.
Labour reform ‘sticking points’ largely resolved
The private sector is satisfied “for now” with the labour law reforms passed by Parliament, the Chamber’s chief executive yesterday confirming that “most of the sticking points” have been dealt with.
Gov't urged: 'Get 10,000 non-VAT payers over $100k'
By NEIL HARTNELL
Food retailers urged: Make price control case
The Bahamian food retail industry was yesterday asked to ‘make the case’ for an increase in its price control margins, a senior industry executive conceding that the restrictions were “not going to go away”.
