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Fidelity results 'below target' as provisions up 136%
Fidelity Bank (Bahamas)loan loss provisions rose by 136 per cent during the 2012 third quarter, its chief executive telling Tribune Business this pushed its results for the period “slightly below expectations”.
Top VAT adviser rejects 21-day tax reporting
A senior Ministry of Finance consultant yesterday dismissed the private sector’s call for quarterly Value-Added Tax (VAT) filing and reporting, saying this “would not suit the Government’s position”.
Bell on Nassau Cruise Port; Minnis administration ‘executed a bad lease’
IMMIGRATION Minister Keith Bell and former Prime Minister Dr Hubert Minnis clashed over the Nassau Cruise Port yesterday after the Carmichael MP said the Minnis administration executed a bad lease agreement.
Sports notes
In conjunction with the Gym Tennis Club, Brajaxba Tennis Club held its 2015 Back-To-School Jamboree at the Gym Tennis Club on Saturday. The results posted are as follows:
junior Boy Comets cruise to 67-33 win over Kingsway
UNDEFEATED in the regular season, the Queen’s College Comets, a perennial powerhouse in recent years in the league’s Junior Boys basketball division, cemented their status as favourites to claim another title.
Insurers warn of 20-25% rate increase if Irma hits
Bahamian insurers yesterday warned Hurricane Irma could cause a 20-25 per cent increase in premiums and “capacity” issues, depending on the hit Florida and this nation take.
Financial services shed nearly 160 jobs in 2020
The Bahamian financial services industry shed almost 160 jobs in 2020, a Central Bank report has revealed, with the banking sector suffering multi-billion dollar declines in “balance sheet” and “fiduciary” assets.
Signing allows $150m Briland expansion
THE Davis administration signed an amended Heads of Agreement yesterday with developers behind the Briland Club Residences & Marina development that will allow for the expansion of the Harbour Island-based project, set to cost some $150m.
Sports notes
THE New Providence Oldtimers Softball Association continued its divisional playoffs in the Archdeacon William Thompson Softball Park at the Southern Recreation Grounds over the weekend.
Sports Notes
THE Bahamas Amateur Cycling Federation is scheduled to hold its annual Bertram ‘Cowboy’ Musgrove Tour De New Providence Cycling Classic over the weekend of October 30 to November 1. The event is designed for competitors in the level 1 for male, level II, level III and level IV for men and women.
Sports Notes
THE Rising Star Youth Baseball & Softball Development League, with a wish to recognise the pioneers of both sporting disciplines on Grand Bahama, will show its respect for their efforts during a dinner at Le Chateau on the Green, Freeport, on Saturday, November 28.
Sports Notes
THE Baptist Sports Council has announced that its 2015 volleyball classic will be held at the DW Davis Gymnasium on Saturday, October 31.
Motorsport mania
Team Bahamas is poised to make history for the local development of the sport when they compete in the 2022 International Automobile Federation (FIA) Motorsport Games.
Last farewell to baseball legend ‘poker’
The sporting community came together to pay their last respects to the late talented baseball/softball player Anthony ‘Poker’ ‘24’ Huyler as he was laid to rest on Saturday at the Church of St Mary the Virgin Anglican Parish.
IDB: Tourism off up to 20% if major storm hits
Coastal erosion could be “catastrophic” for the Bahamas if left unchecked, an Inter-American Development Bank (IDB) executive yesterday saying innovative solutions were required.
Oil price drop set to 'counter balance' VAT
The Central Bank of the Bahamas believes Value-Added Tax’s (VAT) inflationary impact will be partially “counterbalanced” by declining global oil prices.
BTC targets ‘another 20%’ in cost slashes
The Bahamas Telecommunications Company (BTC) needs to “reduce operating costs by another 20 per cent” before cellular phone services are liberalised, its chief executive yesterday saying its post-privatisation transformation had reached “the halfway mark”.
Liquor store blames rivals over govt's 24-hour u-turn
A Bahamian liquor distributor yesterday accused its rivals of “pressuring” the government to perform a u-turn on its free home delivery service in less than 24 hours. Gary Sands, Jimmy’s Wines and Spirits general manager, told Tribune Business it wa
Battle for Bimini begins
AFTER a competitive regular season, the New Providence Basketball Association is gearing up for the post-season as the teams vie for a chance to compete in the Bahamas Basketball Federation’s national round robin in Bimini in April.
Gov't urged: Push small business over VAT limit
THE Government was yesterday urged to help push small and medium-sized businesses (SMEs) over the threshold that would force them to register to pay Value-Added Tax, a leading consultant telling this newspaper that failing to do this would negatively impact national development.
