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Kalik maker eyes 10% supply chain cost rise
Commonwealth Brewery is predicting that global supply chain disruption will increase its costs by 10 percent over the remainder of 2021 as it sustains its return to profitability.
$699m VAT collection lower than expected
THE Minnis administration collected $699.3m in value added tax in the 2018/2019 fiscal year, a 21.5 percent increase over the previous fiscal year, according to Deputy Prime Minister K Peter Turnquest yesterday.
BISX-listed Fund: ‘much changed’ if vacancy cut 50%
A BISX-listed fund’s administrator yesterday said “the picture will be much changed” by year-end 2019 if it succeeds in slashing vacant space at its flagship property by 50 percent.
Scotiabank beats target with 20% net income rise
Scotiabank (Bahamas) yesterday said it had “exceeded expectations” with the almost-20 per cent year-over-year net income increase it enjoyed in 2013, with the improvement largely driven by “stabilisation” in its non-performing loan portfolio.
VAT revenue boost equal to 2% of GDP
The Government believes that Value-Added Tax’s (VAT) introduction will generate a net revenue increase equivalent to 2 per cent of gross domestic product (GDP), and expects to achieve most of this from the ‘get go’.
3,000 now using social services cards
THE Department of Social Services has recently certified more than 1,000 additional eligible Bahamian families to use re-loadable pre-paid Visa cards instead of their food assistance coupons. Almost 3,000 people are now using the cards, five months since the launch of the scheme.
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.
Bank bulish on earning figures
Bank bulish on earning figures Commonwealth Bank recently reported their earnings for the first quarter of 2012. Executive chairman William B Sands Jr announced that the bank's Comprehensive Net Income for the 3-month period ended March 31, 2012 was $12
‘Too many barriers’ for our investors
The Bahamas has too many barriers for investors despite thinking “we have the best product in the world”, a well-known developer said.
Royal Fidelity National Amateur Golf Championship all set
THE Bahamas Golf Federation’s (BGF) new president, Lynford Miller, confirms that Royal Fidelity has once again agreed to be the title sponsor of the National Amateur Championship. This prestigious event is all set for May 17-20. The first two rounds
Intelligence provider to address BFSB’s Summit
A leading intelligence provider for the private banking industry is a featured speaker at the upcoming International Business & Finance Summit (IBFS).
Strange sight at Atlantis
A TEAM of 28 Atlantis aquarists, divers and veterinarians completed the transfer of a 1,110-pound manta ray from the resort’s 2.7 million-gallon marine habitat back into the Atlantic Ocean as part of their renowned release and research programme.
Sands lands win at golf tournament
THE Sands team recently held its 4th annual golf tournament at the Fortune Hills Golf Course in Grand Bahama.
BOB eliminates ‘external influences’ of past rescue
Bank of The Bahamas has “eliminated a lot of the external influences” that helped produce two taxpayer-funded rescues, its top executive has revealed, with the institution “on track” to hit this year’s $8m-$9m profits target.
S&P: Bahamas’ savings slump to 10% of GDP
The Bahamas’ already-low national savings rate fell by a further 5 percentage points during the recession’s peak to just 10 per cent of GDP, a Wall Street credit rating agency has revealed, warning this “may force difficult” fiscal and social security-related decisions upon the Government.
DRILLING BEGINS . . . but Bethel says govt will negotiate a bigger share if oil is found
ATTORNEY General Carl Bethel assured Bahamians that the government intends to renegotiate the scale of royalty fees if commercial quantities of oil are found in the country.
Solomon's return awaiting Lucayan, airport resolution
AML Foods yesterday pledged to re-open its still-closed Solomon’s Freeport store once the fate of the Grand Lucayan and the island’s international airport are positively resolved.Gavin Watchorn, the BISX-listed food retail group’s chief executive, to
Show me that I am wrong
OPEN response to Branville McCartney’s “It cannot be business as usual” for country’s finance woes. As reported in Tribune 242, December 20, 2016.
Bahamas First 'fully expecting better' 2014
Bahamas First yesterday said it was “fully expecting this year will be better” than 2013, when total comprehensive income rose 13.2 per cent despite an almost-$2 million hit from May’s floods.
FINCO cuts staff by 1/3 in 2014
Finance Corporation of the Bahamas (FINCO) cut staffing levels by one-third in its 2014 financial year, taking the reduction in its workforce to 50 per cent over the past five years.
