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Two-destination Cuba travel 'bit of a stretch'
A 'two-destination' travel arrangement that would see visitors to Cuba also travel to the Bahamas could be a “bit of a stretch”, the FNM's deputy leader believes.
BFSB makes Landfall in Miami and Europe
BFSB makes Landfall in Miami and Europe The Bahamas Financial Services Board's (BFSB) main promotional event is set to make Landfall in Europe and Miami in June, as it seeks to educate intermediaries and their high net worth clients on what this jurisdi
City Markets job fear
City Markets job fear By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net TENSIONS remain high as 400 City Market employees are still unsure about the future of their jobs. According to Rosalie McKenzie, Bahamas Commercial Stores, Supermark
Digital B$ provider eyes 3% banking profits rise
The digital Bahamian dollar’s technology provider believes its roll-out can increase bank profits by three percent despite its US counterpart’s dominant role in circulating currency. Simon Kim, managing director of NZIA Ltd, speaking at the Project
New VAT policy to aid Abaco & Grand Bahama
PRIME Minister Dr Hubert Minnis announced a new VAT policy for Abaco and Grand Bahama yesterday to assist with rebuilding efforts.
Ayton: 'Respect us'
The Sacramento Kings finally got into the win column while the Phoenix Suns became the only 4-0 team in the NBA restart at the ESPN Wide World of Sports Complex in Orlando, Florida.
Bahamas targeting mega yacht market
Ministry of Tourism officials drove the message that The Bahamas is open for business post-Dorian to high net worth attendees at the recent Monaco Yacht Show.The event, which took place from September 25 to 28, featured more than 600 exhibitors and 1
Govt raises permanent residency mark to $1m
A top realtor yesterday hailed as “a positive move” the Government’s decision to increase the permanent residency investment threshold to $1 million, saying this would help to redefine the type of clientele the Bahmaas attracts.
Gibson: NIB board will carry on
NIB MINISTER Shane Gibson yesterday insisted that the board of the nation’s social security net will carry on with its duties in the absence of a chairman.
'Sochi under the sun' as Exuma hosts mini Olympics
THE Bahamas, and Grand Isle Resort & Spa in Great Exuma, shared an unusual world first last week when professional hockey players, Olympians and hotel guests faced off in a road hockey game on the tiny island of Farmer’s Cay.
Atletico Madrid wins Euro league title
BUCHAREST, Romania (AP) -- Radamel Falcao decided the Europa League final for the second year in a row, scoring twice in the first half Wednesday to lead Atletico Madrid to a 3-0 victory over Athletic Bilbao in an all-Spanish matchup. Atletico captured its
Foreigner takeover
It’s happening now on Mount Pleasant Village Park. Foreigners have taken it over all day long - without permit!
SPORTS NOTES
PARADISE ISLAND GOLF TOURNEY
Central Bank urged: ‘Step in’ over BOB’s $100m loss
The Central Bank of the Bahamas has been urged to “step in and take control” of Bank of the Bahamas, after shareholders lost almost $100 million in two years.
$10m bond deepens Gov’t BOB bail-out
The “full-scale” taxpayer bail-out of Bank of the Bahamas has deepened, with the Government taking up its entire $10 million bond issue amid a 51.3 per cent increase in half-year losses.
Atlantis 'strong': Up 27% with Baha Mar
Top Atlantis executives “feel strongly” that Baha Mar’s emergence will not impact their long-term performance after net operating income jumped 27 percent for the 2018 first quarter.The Paradise Island resort’s confidence in its ability to see-off it
VAT's $165m revenue slump 'far off range'
The Government yesterday slammed as “far off range” a study suggesting Value-Added Tax (VAT) implementation would produce a $165 million decline in its total annual revenue intake.
BOB’s ‘problems much bigger’ than Resolve bail out
Bank of the Bahamas’ continued quarterly losses show it has “much bigger problems” than the $100 million in ‘bad’ loans already removed from its balance sheet, the Opposition’s deputy leader said yesterday.
Bank unable to recover 95% of VAT ‘inputs’
Commonwealth Bank yesterday predicted it would be unable to recover 95 per cent of its Value-Added Tax (VAT) input payments, given that ‘exempt’ revenue streams form the bulk of its income.
BTC left 'flat' by price/cost cutting
The Bahamas Telecommunications Company’s (BTC) controlling shareholder yesterday blamed its “flat” first-half financial performance on preparations for cellular competition, with net income matching last year’s $37 million.
