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NAD fiscal position 'stable' says CFO

NASSAU Airport Development Company (NAD) saw total revenues of $71.5m in its 2014 fiscal year, an increase of $7.2m over the previous year, its Chief Financial Officer yesterday describing the airport operator’s fiscal position as stable.

Focus falls on gratuities over VAT compliance

THE Ministry of Finance will be paying close attention to restaurants and similar establishments seeking to add a 7.5 per cent value added tax on their gratuity rates, Acting VAT Comptroller John Rolle said.

Carnival 'likely' a boost to economy

BAHAMAS Chamber of Commerce and Employers’ Confederation Chairman Gowen Bowe said the positive feedback from Bahamas Junkanoo Carnival has likely had a positive effect on the economy.

Insurance industry to introduce VAT education programme

THE insurance industry is not waiting “idly” until the government finalises the details on how the industry will be affected by Value-Added Tax (VAT) on July 1 according to one leading insurance executive, who has told Tribune Business that the sector was positioning itself to launch its own education campaign.

Pre-paid Visa cards for social services 'revolutionary'

THE introduction of pre-paid Visa cards for persons eligible for Social Service benefits was described as “revolutionary” by Social Services Minister Melanie Griffin.

Turnquest defends budgeting policy

DEPUTY Prime Minister and Minister of Finance Peter Turnquest said government debt under the Minnis administration has increased by $977 million since taking office. He was speaking during the start of the 2020/2021 budget debate yesterday and was r

Jones one of the top performers at Summer Hoops Festival

EACH appearance on the prep grassroots circuit continues to net NCAA Division I offers for Kai Jones.

BISX-listed insurer in 37% profit jump

A BISX-listed insurance group yesterday unveiled a 36.8 percent year-over-year profit increase for 2021 as its top executive said it was "time to be cautiously optimistic" after two years of COVID.

Job applicants exceed posts 10x at ex-Robin Hood

BUSINESSMAN Sandy Schaefer says he has distributed more than 1,100 applications for the 135-145 jobs that will be created when his new retail venture, ‘Shepherd’s Mart’, opens off Tonique Williams-Darling Highway by month’s end.

Robin Hood in reverse

EDITOR, The Tribune.

Credit union enjoys 'record breaking' 14% member growth

A well-known credit union yesterday said it had enjoyed a “pretty good year” in 2013, with “record breaking” 14 per cent growth in its membership coupled with a just under 8 per cent increase in total assets.

Murder suspect among latest arrests

POLICE arrested 17 persons on Monday, including one man for murder and others who were wanted for questioning in connection with serious offences such as possession of dangerous drugs and housebreaking.

Spencer leads Caribbean team to over 70 tennis tourney

KIT Spencer, president of IC Bahamas, led a combined IC Caribbean team to an over 70 tennis tournament in Belgium.

CARIFTA swim team named

AFTER an intense Last Chance Meet over the weekend at the Betty Kelly Kenning Swim Complex, Bahamas Aquatics selected and ratified a 39-member team that will represent the Bahamas at the CARIFTA Swimming and Open Water Championships.

BoB: 'Measure us' from 2015's start

Bank of the Bahamas is hoping its financial performance will “start to be measured” from the New Year onwards, after it unveiled an expected $4.198 million net loss for the 2015 first quarter.

Bahamas can be ‘first out gate’ over carbon credits

The Bahamas has “the ability to be first out the gate” in the Caribbean, and earn a potential multi-million dollar boost from the climate change fight, through legislation tabled in Parliament yesterday.

BUSINESS BITES: It’s all in the details if you care to read them

In writing its 2018 Annual Report, the board of directors of Cable Bahamas faced a challenging task: how to explain to shareholders that larger losses in net income and earnings per share should not obscure the strong prospects for long-term growth.

Bahamas First: No ‘abrupt change’ as profits drop 41%

Bahamas First’s top executive yesterday said there was “no reason to change” investment strategy after profits fell 41 percent in 2018 due to a negative $6.7m swing in portfolio values.

GB Power earnings $5.26m above rate approved by Port

Grand Bahama Power Company’s earnings exceeded its regulator-approved rate of return by $5.26 million for the 18 months to end-December 2013, with its bottom line undergoing an almost-$29 million year-over-year reversal.

CIBC loss to unions: 'Don't rattle the cage'

CIBC FirstCaribbean’s $174 million net loss is a warning signal to Bahamian trade unions not to make unrealistic demands or engage in the threatened three-day national strike, a leading businessman believes.

The Tribune

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