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RoyalFidelity's fund with 'different angle'

RoyalFidelity is planning to launch an “alternative” US$ fund this summer that aims to minimise market volatility risk, a move coinciding with the maturing of another product forecast to generate 50 per cent investor returns.

YOUNG MAN'S VIEW: ‘Although our nation has progressed by leaps and bounds, we still have quite a ways to go’

The celebration of Independence Day has come to represent the essence of what it means to be Bahamian, with expressions of culture, patriotism and reflections on our national history permeating the atmosphere whilst also serving as an occasion for reconnecting with families and friends. That said, although our nation has progressed by leaps and bounds, we still have quite a ways to go.

'Big disaster' fear as VAT not best fit

The Government was yesterday warned that imposing a 7.5 per cent Value-Added Tax (VAT) on premiums will cause a drop in the number of Bahamians covered by property and casualty insurance, with one senior executive describing the new tax as “a big disaster”.

Exemption elimination saves Super Value $7m

Super Value’s owner yesterday confirmed the decision to ‘exempt’ no goods from Value-Added Tax (VAT) would save his company $5-$7 million in extra costs per annum, with the sector’s “biggest objection” to the new tax now removed.

Doctors chief: VAT policy 'another nail in coffin'

Doctors Hospital’s president has blasted the Value-Added Tax (VAT) Bill’s “discrimination” against private healthcare, adding: “It’s just one more nail in the coffin.”

Hard Rock saga exposes business ease ‘black hole’

The former Hard Rock Cafe (Nassau) franchise’s road to liquidation was marked by high utility costs, poor labour productivity, crime and the ongoing problems affecting downtown Bay Street.

TOUGH CALL: Energy reform is just all hot air in The Bahamas

EVER since Dr Marcus Bethel was named Minister for Energy and the Environment in 2006, during the first Christie administration, we have been hearing about energy reform.

PETER YOUNG: To stay or not to stay? That is the question

The British will vote on the nation’s place in Europe in the first referendum for 40 years this summer. Peter Young looks at what is at stake and why the case for leaving is gathering strength.

Hutchison’s new GBPA interest ‘jeopardised’

A “massively improved” offer for the Hayward estate’s Grand Bahama Port Authority (GBPA) stake, with $60 million guaranteed “upfront”, plus interest from Hutchison Whampoa and other buyers has allegedly been jeopardised after the Supreme Court was asked to intervene.

Iesha comes from behind for victory

Iesha Shepherd, unfazed when the pressure was applied, rode the momentum from her double dose of victory at the Bahamas Lawn Tennis Federation’s Junior National Tennis Tournament and the support of the crowd at the National Tennis Center to win her first round main draw match at the ITF Junkanoo Bowl Junior Tennis Tournament.

PETER YOUNG: Rising tide of humanity borders on chaos in Europe

The harrowing images of desperate refugees highlight the immigration crisis facing the European Union. Peter Young looks at the problem and its implications for Britain

Freeport accuses Gov’t of breaching two laws

The Government was yesterday accused of breaching two laws with its new demand that Value-Added Tax (VAT) be levied on bonded fuel sales to Freeport businesses, who slammed its “my way or the highway” approach.

S&P: Hit 3% VAT goal to escape credit downgrade

The Bahamas was yesterday warned that hitting Value-Added Tax (VAT) revenue targets equivalent to 3 per cent of GDP is “key” to avoiding another credit downgrade, with Wall Street also “watching” the Bank of the Bahamas situation.

Cash flow mismatch costs Gov't $136m

The Bahamian government could slash its borrowing needs by $136 million through implementing basic cash flow management systems, with up to 10 per cent of its annual debt financing deemed “unnecessary”.

Gov't must beware those VAT pitfalls

All taxes, to a greater or lesser extent, rely on the voluntary co-operation of the population. UHY’s experience with the tax regimes in many jurisdictions indicates that there are some well-trodden paths in the short, medium and long-term when different problems will be apparent at different stages of implementation. These problems can be circumvented, or mitigated, to at least some extent by forewarning, education and pre-planning.

Freeport's $500m fiscal boost at critical mass

Freeport’s contribution to the Public Treasury could increase five-fold to $500 million if the city reaches its planned population size, with the private sector arguing that it could help solve both the Bahamas’ fiscal and ‘free trade’ issues.

'Maximum size Freeport' would end VAT need

Freeport could generate “significantly more” revenue than Value-Added Tax (VAT) on its own, if its ‘free trade zone’ model was allowed to grow the city to its 300,000 resident-strong maximum.

Shareholders: BoB 'indifferent' to top-level change

Disgruntled Bank of the Bahamas shareholders are complaining their demands for sweeping Board and management changes have been met with complete indifference, with Thursday’s annual general meeting (AGM) doing little to inspire confidence in an immediate financial turnaround.

Commercial real estate VAT change 'a minor victory'

The Bahamas Real Estate Association’s (BREA) president yesterday hailed the Government’s u-turn on commercial property Value-Added Tax (VAT) as “a small victory”, and expressed hope it would listen to the industry’s other tax reform concerns.

YOUNG MAN'S VIEW: More 'Lettergate' questions

The Renward Wells/Letter of Intent fiasco took another turn this week when the Cabinet office, late on Tuesday evening, released a statement that simply said that “the office of Parliamentary Secretary in the Ministry of Works and Urban Development (had) become vacant.” However, this terse statement could only be likened to a wonderfully choreographed piece of high-stakes politics at its sordid worst.

The Tribune

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