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Gov’t agrees ‘few hundred thousand’ in VAT credits
The Government has approved “several hundred thousand dollars” of Value-Added Tax (VAT) credit refunds, a top official yesterday promising that businesses would not endure “a protracted wait” to receive them.
Oil explorer: New fiscal regime does not apply to us
The Bahamas Petroleum Company’s (BPC) chief executive yesterday said the Government’s increased ‘take’ from oil exploration would not apply to its activities, because its fiscal terms were already set.
All registrants to pay VAT monthly
A top private sector executive yesterday questioned whether planned amendments to the Value-Added Tax (VAT) Act are due to concerns that non-monthly filers are spending the taxes they collect on the Government’s behalf.
Cable targeting 20% revenue rise via US
Cable Bahamas believes its newly-acquired US business will generate greater than “20 per cent aggregate” revenue growth for it over the next five years, having won contracts to provide services to 16,600 Florida residential units since the purchases closed.
Cable breaks B$ record despite being $7m short
Despite missing its combined target by $7 million, Cable Bahamas’ preference share issue was yesterday described as the “largest amount” of new Bahamian dollars ever raised from this nation’s capital markets by a private sector entity.
Hield hits the winner over Jayhawks in season finale
HOW DO you follow up being named a finalist for the Wooden Award and make an emphatic statement in your bid for conference player of the year honours?
Milo B. Butler & Sons targeting rebranding ‘over next 12 months’
The Milo B. Butler & Sons group is targeting a re-branding over the next 12 months to “better reflect our great history”, with its second liquor store the first glimpse Bahamians will get of these aspirations.
PLP uses the church
Some smart aleck within the Gold Rust government of PM Perry Christie conjured up the bright idea of importing the foreign carnival festival to The Bahamas and pumping $9m of the Bahamian people’s hard earned money into it.
Deputy PM calls on developed nations to tackle climate change
THE developed world must partner with The Bahamas and other small island developing states to enhance their resilience to and address the negative impacts of climate change on these island-nations, if “we truly believe” that the polluter must pay, Deputy Prime Minister and Minister of Works and Urban Development Philip “Brave” Davis said.
Cellular revenues per user up despite subscriber fall-off
The Bahamas Telecommunications Company’s (BTC) average revenue per user (ARPU) in the cellular market grew by almost 25 per cent in 2013, despite a market that declined slightly in terms of subscriber numbers.
Current deficits could ‘challenge peg viability’
The Bahamas’ current account deficits could “challenge the viability” of its 1:1 currency peg to the US dollar unless they are reduced to ‘single digits’ over the next decade.
'No time' to repair VAT unity
Super Value’s owner says he is “more satisfied” heading into Value-Added Tax (VAT) implementation following last week’s meeting between the Government and private sector, but suggested there was too little time to repair the “disunity”.
Watch for a New Look on Friday - a bigger and better Tribune
“HAS VAT blown the BIG T away!“ quipped one reader on The Tribune’s announcement that its three-year-old weekend edition had ceased publication.
Haitian group rejects boycott
THE United Association of Haitians and Bahamians has publicly denounced the “vicious and unfair” comments of a Florida politician and a Haitian-Bahamian activist whom they said were “misinformed” and could not speak for those at the centre of the government’s new immigration policies.
PM hails effect of new airport radar
PRIME Minister Perry Christie yesterday touted the government’s acquisition of a new radar for the Lynden Pindling International Airport’s Air Traffic Control division as a “dramatic improvement” of the aviation sector in the country.
Artist Spotlight: Khiara Sherman
WHEN Khiara Sherman released her first song over a decade ago, there were no social media avenues such as YouTube, Instagram, Facebook and Twitter to help push her music. Today, these popular mediums have allowed her to independently share her talent with a larger audience.
Baha Mar delayed
BAHA Mar, the $3.5 billion mega resort at Cable Beach, has delayed its grand opening from the end of this year until “late Spring” 2015. Instead the development is to open in stages from December onwards.
Swift Masters do Bahamas proud
SIX members of Swift swimming represented the Bahamas well at the World Masters Championships. The World Championships highlight both the club and country at the worlds’ largest meet.
Auto chief waits 6-8 months for $200k tax refund
The Bahamas Motor Dealers Association’s (BMDA) president yesterday revealed he has been waiting six-eight months for a $200,000 tax refund, while seeing “only red ink” on his company’s financial spreadsheets.
BOB: $70m wiped off value in week
Bank of the Bahamas saw almost $70 million wiped off its stock market value last week, as investors searched for the ‘floor’ following the removal of price movement restrictions.
