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Top economist: Bahamas 20% current deficit a ‘concern’

A SENIOR Caribbean economist yesterday described the Bahamas’ current account deficit of roughly 20 per cent as “concerning”, revealing it was one of the widest she was aware of.

CBS: Online platform in 20% of Xmas sales

A Bahamian retailer yesterday said its e-commerce platform is generating 20 percent of total revenue this Christmas season.

Customs targets $15m ‘border VAT’ monthly

The Customs Department is forecast to collect an average $15 million per month in ‘border’ Value-Added Tax (VAT), a Cabinet Minister pledging the Government would not increase the 7.5 per cent rate “any time soon”.

Rental rate concerns for Abaco business revival

Abaco’s Chamber of Commerce president yesterday said there were “no locations” where willing businesses can reopen, adding that landlords were “totally out of line” over the rents they are seeking. Ken Hutton told Tribune Business that the “biggest

Reef's November opening to prime GB 'turn around'

GRAND Bahama is primed for a tourism “turnaround”, with the 400-room Reef Village targeted for a November 2013 opening.

Bahamas to sign Haiti trade deals

By NATARIO McKENZIE
Tribune Business Reporter
nmckenzie@tribunemedia.net

Gov't faces $900m climate change bill

THE Government has estimated it faces a $900 million bill to mitigate climate change under the United Nations (UN) framework, with the Bahamas facing “accelerated vulnerability” to natural disasters.The scale of the economic and environmental danger

50% of employers 'over three months late' in paying NIB

Almost 50 per cent of Bahamian employers are “more than three months late” in paying National Insurance Board (NIB) contributions on their workers’ behalf, an actuary urging an end to “laissez faire” compliance efforts.

Competition fears on Super Value's City Markets 'deal'

By NEIL HARTNELL Tribune Business Editor Rival food retailers have voiced fears that allowing Super Value to acquire City Markets' remaining stores would create a "virtual monopoly" in the New Providence supermarket business, with an estimated 60-80 per

Competition fears on Super Value's City Markets 'deal'

By NEIL HARTNELL Tribune Business Editor Rival food retailers have voiced fears that allowing Super Value to acquire City Markets' remaining stores would create a "virtual monopoly" in the New Providence supermarket business, with an estimated 60-80 per

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CARIFTA: Triathletes in tie for 5th

The Bahamas’ 20-member team to this year’s CARIFTA Triathlon and Aquathlon returned home from Kingston, Jamaica, with four medals and a tied fifth-place finish with Aruba.The team, coached by brothers Dorian and Cameron Roach, got a silver medal from

Bahamians face extra 90-day wait to join NHI

Bahamians will now have to endure an extra 90-day wait to enroll in National Health Insurance (NHI) as the scheme embarks on an efficiency drive to counter its “finite resources” this fiscal year.

Extra $16.7m may have saved 600 Baha Mar staff

Up to 600 Baha Mar jobs could have been saved had the project’s joint provisional liquidators secured $16 million in additional funding, Tribune Business can reveal.

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Ed Moxey's daughter refused for second time in her bid to join the Bahamas Bar

THE daughter of the late cultural icon Edmund Moxey has filed for judicial review of the decision to refuse her application to the Bahamas Bar Council for a second time.

Cincinnati Reds sign players Munroe, Rolle

By BRENT STUBBS

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Galanis: PM bordered on delusional

FORMER Progressive Liberal Party MP Philip Galanis yesterday chastised Prime Minister Perry Christie over his recent assertion that the party could become unstable without him at the helm, saying this was the “height of nonsense” and bordered on “delusional”.

Gov’t to seek new Baha Mar wind-up delay

The Government will today seek a further adjournment of its Baha Mar winding-up petition from the Supreme Court, with the next hearing likely to be pushed back to September 2016.

Grand Lucayan chairman blasts 'lack of co-operation'

The Grand Lucayan’s new chairman yesterday blasted Hutchison Whampoa’s “lack of co-operation” for threatening to delay the creation and release of a full sales prospectus for the resort.Michael Scott, who heads the Government-owned special purpose ve

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'Compliance breaches' at broker two years before its collapse

Two different accounting firms had identified serious “compliance breaches” by an insolvent Bahamian broker/dealer up to two years before it collapsed, one finding a $5 million “shortfall” was caused from the unauthorised use of client funds.

'Compliance breaches' at broker two years before its collapse

By NEIL HARTNELL