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RoyalStar: ‘Significant’ $4m profit despite Sandy
A leading Bahamian insurer yesterday said it generated a “significant profit” of around $4 million for 2012 despite Hurricane Sandy, adding that its conservative “philosophy” had been vindicated by an ‘outlook upgrade’ from the sector’s top rating agency.
Water Corp racked up $40m supplier debts
The Water and Sewerage Corporation (WSC) racked up a $40m debt owed to its major reverse osmosis suppliers since Hurricane Dorian struck in 2019, an MP said yesterday.
Bahamasair launches flight to open Exuma
Bahamasair last Wednesday launched its inaugural service between Fort Lauderdale and Georgetown, Exuma, with around 50 passengers on the flight.
Aliv: ‘Hundreds’ of mobile users porting
Aliv’s top executive said yesterday it has seen “hundreds” of customers switch to their network since number portability launched last month, telling this newspaper that the subscriber boost would keep the company in line with its targets.
Xmas jewellery sales better than expected
Many Bahamian jewellery retailers shrugged off early holiday season pessimism to report “good” Christmas sales that beat 2018 figures by up to eight percent. Denise Cooper, area retail manager for Colombian Emeralds, told Tribune Business: “This is
Govt to ‘tremendously’ speed up build permits
The GOVERNMENT is pursuing an electronic platform to process building permit applications, a Cabinet minister said yesterday, in a bid to “tremendously” speed up approvals.
PM urges bank over Out Island expansion
The Prime Minister has urged Bank of the Bahamas International (BOB) to consider further expansion into the Family Islands in the near future. He made this request while speaking at the bank’s 25th anniversary reception at the Balmoral Club on Friday evening.
Real property tax outsourcing urged
A FORMER Bahamas Chamber of Commerce president said yesterday it was “not at all surprising” that some 35,000 properties that should be subject to real property tx (RPT) assessments were not in the Government’s database, again calling for this tax’s collection to be outsourced to the private sector.
Bahamas tops Caribbean for LA, Houston tourists
The Bahamas is the most sought-after Caribbean destination among US west coast and central markets for a leading travel website’s clients, with this nation urged to “tell the story” of its individual islands and create an ‘urgency’ to visit.
Wall Street cuts Bahamas GDP growth
A Wall Street credit rating agency yesterday said it would likely downgrade its 2013 economic growth projections for the Bahamas.
Are taxes being forced upon us?
COMING on the heels of the OECD and its G-20 and European Union (EU) members threatening ‘blacklistings’ a few short months ago Mr K Peter Turnquest, Bahamas Deputy Prime Minister & Minister of Finance suggests The Bahamas might have to look at implementing a low-rate corporate income tax in order to comply with demands from the Organisation of Economic Cooperation and Development (OECD).
Grant and Thunderwolves headed to Ontario University Association semi-finals
LEASHJA Grant and her Lakehead Thunderwolves are headed to the Ontario University Association semi-finals.
‘Very real risk’ COVID food audit prejudiced
The head of the former COVID-19 feeding programme yesterday warned of “a very real risk” that the Government’s audit of the $53m initiative will be prejudiced by premature disclosures in Parliament.
Baha Mar to ‘skyrocket’ Arawak port’s volumes
The Nassau Container Port (NCP) is expecting container throughput volumes to “skyrocket” by an extra 200-300 per week come August/September 2012 as a result of the Baha Mar project, Tribune Business was told yesterday, with its associated Gladstone Freight Terminal set for a July 15 opening.
Renewable firm offers Bahamians 20% equity option
Baha Mar's renewable energy partner is giving Bahamian investors buying into its $3 million promissory note offering an option to convert their investment into a
Sports Notes
THE Shockers won the lone game played in the New Providence Basketball Association at the AF Adderley Gymnasium on Wednesday night.
Gov't facing long haul to be 'business friendly'
THE government still has “a great deal to do” to be viewed as business-friendly, with few businesses seeing any improvement in their interaction with public sector bureaucracy.Michael Maura, pictured, the Bahamas Chamber of Commerce and Employers Con
Mitchell/Smith fued continues to rage on
THE bitter war of words between Senator and former Cabinet minister Fred Mitchell and activist lawyer Fred Smith has been given new life with the formulation of a personal campaign forged by the latter.Mr Smith, QC, yesterday confirmed to The Tribune
Gov't gives up $200m in tax concessions
The Government needs a central point for revenue collection to rationalise 30 existing intakes, a key Ministry of Finance official adding that some $200 million worth of tax concessions were granted annually.
Dames sets target of fewer than 85 murder in 2019
NATIONAL Security Minister Marvin Dames has his sights set on a murder count that is below 85 by the end of this year. The minister’s goal, outlined yesterday outside of Cabinet, is more ambitious than the one in the Prime Minister’s Delivery Unit r
