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AML: $1.5m VAT costs won't wipe-out profit
AML Foods 2013 annual profit would have been wiped out by the $1.5 million annual cost increase the company is projecting from Value-Added Tax (VAT), its chief executive yesterday pledging: “We’re not going to let that happen.”
Arrears hit $600m as 40% of property tax bills don’t reach
Up to 40 percent of real property tax bills never reach the intended taxpayer, the Auditor General’s Office revealed yesterday, as unpaid arrears breached the $600m mark.
Stranger danger
A short while back, a Supreme Court jury acquitted a grown man of having sex with a 15-year-old boy. The not guilty vote was a vote of six to three.
Auto dealers hope 7.1% sales growth is ‘bottoming out’
Bahamian auto dealers are hopeful that the industry has “bottomed out” after collective sales increased by 7.1 per cent in 2016, a figure that was inflated by ‘fleet deals’ with the Government.
Regulator accuses BPL of ‘compromising renewables’
Regulators fear Bahamas Power & Light (BPL) may have “compromised the introduction of sustainable renewable energy in the shortest possible time” by breaching the Electricity Act 2015.
Stopping migrants 'not as easy as it looks'
THE Royal Bahamas Defence Force (RBDF) is working on implementing a drone programme to improve its capabilities and combat the threat of illegal migrants, Acting Officer-In-Charge of Coral Harbour Captain Adrian Chriswell said yesterday.Speaking to r
Developer urges: Don’t ‘destabilise’ residency market via $1m mark
A Bahamian developer is urging the Government not to suddenly “destabilise” the real estate market through plans to change the permanent residency threshold, expressing concern for his $60-$70 million in active sales.
Realtors slam ‘foolish’ $1m residency reform
Top realtors yesterday warned the Government it would be “foolish” to double the permanent residency investment threshold to $1 million, estimating it could undermine up to 60 per cent of active real estate developments.
Gov't gets 'F' for VAT implementation
The Government is losing the public relations battle over Value-Added Tax (VAT) through its “cloak and dagger” tactics, a leading businessman warning yesterday he had to believe the Nassau Institute study’s conclusions in the absence of other evidence.
QC chases history
We may be on the brink of crowning a new BAISS Track and Field champion as the Queen’s College Comets are in prime position to halt the St Augustine’s College Big Red Machine’s 26 straight wins in the meet since its inception.
PLP criticises advertisement targeting Davis
THE Progressive Liberal Party yesterday hit out at a “defamatory and abusive” television advertisement against party leader, Philip “Brave” Davis, that has been showing on a number of Cable Bahamas channels.
Surplus banking liquidity at $1.6bn
Excess liquidity in the Bahamian commercial banking system increased by $271.3 million in the year to end-July 2016, with the new $1.586 billion high illustrating the continuing difficulties in finding suitable borrowers.
NEMA evacuates 3,500
MORE than 3,000 people have been evacuated to New Providence in the wake of Hurricane Dorian.
NPBA: Rockets cut down Giants 92-79, Regulators earn 78-77 win over Shockers
THE Sun Oil Rockets and the Leno Regulators pulled off the New Providence Basketball Association’s doubleheader on Monday night at the AF Adderley Gymnasium.
Jones and Sun clinch second straight WNBA playoff berth
JONQUEL Jones and the Connecticut Sun continue to click at the right time and clinched their second consecutive WNBA playoff berth.The Sun defeated the Dallas Wings 101-92 at the College Park Center in Arlington, Texas, on Wednesday night.It was the
Just 50 Baha Mar staff left if no deal
Baha Mar will reduce its workforce to just 50 key employees essential to run a “skeleton operation” if it is unable to resolve the dispute with its Chinese partners by next Monday.
Property tax rebate 'not enough reward' for current payers
While describing the Government’s real property tax amnesty/incentive programme as “a good start”, a well-known realtor yesterday said it should have offered rebates of up to 20-25 per cent to homeowners who were current on their payments.
‘No disruptions’ for face-to-face instruction in Grand Bahama
THE resumption of face-to-face instruction on Grand Bahama continues to progress very well, according to District Superintendent of Schools Ivan Butler, who reported a high turn-out of teachers and students during the first two days.
Eugene Stuart takes pro volleyball career to top league in Romania
EUGENE Stuart is on the move to a new country and a new club in the second season of his pro volleyball career.
‘We must reform campaign finance’
FORMER State Minister for Legal Affairs Damian Gomez said allegations about the relationship between Canadian fashion mogul Peter Nygard and the Progressive Liberal Party are “not a good thing for the country,” adding that he hopes it spurs legislative reforms like the passing of campaign finance laws.
