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Did Fred learn anything from Abu Dhabi?
IN YESTERDAY’S Tribune, a photo, taken in December, was published of Foreign Affairs Minister Fred Mitchell being received by Abu Dhabi foreign affairs minister Sheikh Abdullah bin Zayed Al Nahyan.
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.
Jamaica first, Bahamas second, Trinidad third
THE debut of the Thomas A Robinson Stadium saw Bahamian athletes earn 31 medals - including eight golds - as the Bahamas hosted the 2013 Carifta Track and Field Championships.
Airline eyes 3% Easter load factor increase
A Bahamian-owned airline yesterday said passenger volumes for the Easter weekend were projected to be up 3 per cent year-over-year, with load factors averaging 80 per cent “all around”.
Call to interrogate illegal immigrants to tighten net
FORMER Assistant Commissioner of Police Paul Thompson called on the government to interrogate illegal migrants who are smuggled into the Bahamas in order to gather enough information to break the pattern of smuggling persons into the country.
Bank 'slightly off' $3m profit target
Bank of the Bahamas yesterday said it was “slightly off expectations” of a $3 million half-year profit, largely due to a 189 per cent year-over-year increase in loan loss provisioning.
YOUNG MAN'S VIEW: Selling off Bahamian oil
ADMITTEDLY, the discovery of oil in the Bahamas can have gargantuan returns, fostering self-sufficiency and increasing prosperity among Bahamians, if the massive amounts earned is properly managed and used for the national good.
Clico liquidator targeting extra $20M from key asset
CLICO (Bahamas) liquidator is aiming to raise another $20 million before closing the sale of its main asset, a sum that would enable him to hit his $50 million target “pretty much spot on”.
Montaque: Related parties owe 28% of 5.4m receivables
Some 28 per cent of Montaque Capital Partners’ $5.351 million receivables are owed by related parties in which its former principals, Owen Bethel and Edison Sumner, have continuing involvement.
Colina insurer pumps $338k into affiliate's acquisition
BISX-listed Colina Holdings (Bahamas) and its life insurer subsidiary injected a collective $338,000 into an affiliate bank to finance its acquisition of Finter Bank & Trust (Bahamas), Tribune Business can reveal.
AML targets $3.5-$4m in net income
AML Foods is targeting $3.5-$4 million in net income for its current financial year, its chief executive yesterday telling Tribune Business it was “confident” it could slash annual operating expenses by $1.5 million.
Colina in 120% net profit rise
Colina Holdings (Bahamas) yesterday unveiled a 120 per cent net income rise for the 2012 full-year, due largely to a reduction in claims and investor payouts.
Bahamasair seeks additional $11.2M
Bahamasair needs an additional $11.2 million taxpayer subsidy to get it through the 2012-2013 fiscal year, the national flag carrier having seen its half-year net loss increase by 19.4 per cent year-over-year.
McCartney to attend offshore investment event
HALSBURY Chambers founder and managing partner Branville McCartney will attend the second Offshore Investment Conference in Panama March 13-14.
Bahamas' 27% FDI ratioleads West Hemisphere
The Bahamas’ 27 per cent gross foreign direct investment (FDI) ratio led the entire Latin American and Caribbean region in 2012, a Wall Street rating agency yesterday ranking this nation as one of only two projected to achieve above average economic growth in 2012.
McCartney travels to investment conference
Halsbury Chambers founder and managing partner, Branville McCartney, will attend the second Offshore Investment Conference in Panama from March 13-14.
Kalik exports fall 20% as 'less competitive'
Kalik exports “are becoming less competitive” due to the Bahamian economy’s high operating costs, Commonwealth Brewery’s managing director revealed yesterday, with revenues from the US market down 20.4 per cent year-over-year.
Cybots defeat Giants 97-86 in opener
THE Mail Boat Cybots were in this same situation last year when they took an early 2-0 lead, but only to watch as the Commonwealth Bank Giants rebounded to eventually win the New Providence Basketball Association men’s title.
Failed broker: $9.7m hangs in the balance
A successful winding-up of Owen Bethel’s Montaque Capital Partners is dependent on recovering $5.35 million owed by the insolvent Bahamian broker/dealer’s clients and affiliates, plus the fate of $4.3 million being claimed by a Canadian provider.
