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NIB 'pumps $67m' into local economy
The National Insurance Board (NIB) “pumped $67m” into the economy during March, its director said yesterday, adding that it is having “good success” in progressing 2,000 stalled benefit claims. Dr Nicola Virgil-Rolle, speaking during a Zoom conferen
‘I’ve never seen prices this high’
A senior Sysco Bahamas executive yesterday said they had “never seen prices this high” as the global supply chain crisis continues to impact the country’s post-COVID recovery.
Gov'ts medium term VAT focus 'a farce'
The Government’s focus on Value-Added Tax’s (VAT) ‘medium-term benefits’ was yesterday described as “a farce”, with the private sector and consumers more concerned with what happens on July 1, 2014.
Public has its say over government VAT plans
FOLLOWING the government’s announcement that opinions are being sought on which items should be exempted from Value Added Tax, The Tribune hit the streets to see what Bahamians think about the new tax system, set to come into effect next year.
Central Bank's 'big red flag' on VAT impact
A Tax Coalition co-chair yesterday said the Central Bank had sent up a “big red flag” over Value-Added Tax’s (VAT) likely impact on consumer spending, adding that the fiscal numbers had not hit position “where we can beat our chests with success”.
Fiscal deficit falls 46% in first quarter
The Government’s fiscal deficit was slashed by almost 46 per cent to $78.1 million for the first quarter of its 2013-2014 fiscal year, even though the Bahamian economy continues to face “significant headwinds”.
Auto dealer: Gov't VAT take up 21-32% but margins slashed
A leading auto dealer yesterday told Tribune Business that while Value-Added Tax (VAT) would increase the Government’s revenue take on its cheapest vehicle by between 21-32 per cent, price controls would slash its gross profit margins.
Astros win World Series
HOUSTON (AP) — Yordan Alvarez hit a moon shot that sent Space City into a frenzy, and the Houston Astros to their second World Series title.
New home starts off 67% in one decade
The pace of home construction is failing to keep pace with the Bahamas’ housing needs, with residential starts and completions both declining by more than two-thirds in the decade up to 2014.
Gov’t deficit grows 56% to strike $151m
The Government’s fiscal deficit “deteriorated” by 56 per cent during the first quarter of its 2014-2015 financial year, growing by $54.1 million to hit $151 million.
PM unveils lease-to-own Crown Land return plan
The Prime Minister has pledged to launch a lease-to-own initiative involving Crown Land to entice Cat Islanders to return home.
Police asked to probe $25,000 fraud at COB
POLICE have received a complaint that an employee of The College of The Bahamas has allegedly defrauded the institution out of at least $25,000, The Tribune has learned.
AML receives 7% Xmas sales boost
AML Foods says its January sales numbers “are looking quite strong” after a Christmas season in which its top-line was up 7 per cent year-over-year.
VAT produces $182m in first five months
Value-Added Tax (VAT) revenues hit $182 million for the first five months of 2015, driving the 33 per cent cut in the Government’s fiscal deficit for the first 11 months of its 2014-2015 fiscal year.
Roberts says senator confusing the issue over Baha Mar
PLP Chairman Bradley Roberts yesterday criticised the opposition party, suggesting that recent comments by Senator Carl Bethel on the Baha Mar liquidation process not only confuses the public, but puts FNM Leader Dr Hubert Minnis in a conundrum.
Chamber targets April SME Help Desk launch
The Chamber of Commerce is aiming to launch its Small Business Help Desk by mid-April, yesterday saying it aimed to provide a non-financial “helping hand” when it came to the support services required by entrepreneurs.
COB union says questions still remain over BAMSI
THE president of the Union of Tertiary Educators of the Bahamas (UTEB) yesterday said he stands by his recent comments about the Bahamas Agriculture and Marine Science Institute (BAMSI) while accusing Minister of Education Jerome Fitzgerald of launching “personal attacks” against him.
Tourism targets Canada via major ad campaign
The Ministry of Tourism hopes to further penetrate the Canadian market with the launch of an aggressive media campaign to promote the Bahamas brand and several direct flights into the archipelago.
Union calls for immediate solution for disputes
BAHAMAS Utilities Service and Allied Workers Union President Dwayne Woods demanded “immediate resolution” on four “outstanding disputes” between the union and the Water and Sewerage Corporation “before enthusiasm is withdrawn”.
PLP chairman accuses Minnis of being a flip-flopper over VAT
PLP Chairman Bradley Roberts yesterday branded Free National Movement Leader Dr Hubert Minnis a “flip-flopper extraordinaire” for pledging to repeal certain categories of value added tax.
