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Banks face 169% tax burden rise
The Bahamian commercial banking is facing an estimated 169 per cent increase in its total tax burden to $43 million, Tribune Business can reveal, a development that could result in further lending and economic contractions.
Insurer exceeds goal 13% despite motor 'squeeze'
A Bahamian insurer yesterday said it beat 2013 profit targets by 13 per cent, but warned that an all-sides “squeeze” was now threatening an historic net income generator that accounts for almost one-third of its top-line.
Youth Regatta Champions emerge
Spencer Cartwright, Paloma Cartwright, Tahj Ramirez, MaClean Goodfellow and Alvin Lewis emerged as champions in their respective categories of the Bahamas Youth Olympic Regatta in Montagu Bay over the weekend.
Fidelity beats capital raising target by $5m
Fidelity Bank (Bahamas) has beaten its capital-raising target by $5 million, generating $23.5 million from a combination of preference shares and its debt paper programme.
Increase in jobs not keeping up with growing labour force
PRIME Minister Perry Christie yesterday said it would be “incorrect” for anyone to interpret the latest unemployment statistics as suggesting that net jobs have been lost in the Bahamian economy.
Demand for solar solutions 'never been greater'
The demand for solar energy solutions in The Bahamas “has never been greater” in light of “stability” concerns over the Bahamas Electricity Corporation’s (BEC) grid a renewable energy solutions provider said yesterday, telling Tribune Business that this nation was effectively “underpowered”.
‘Record growth’ for tourism according to bank report
TOURISM is showing “record growth” according to a new report from the Central Bank of The Bahamas - while economic growth continues at a moderate pace.
Gov’t in near-$40m deficit for August
The Government incurred a near-$40m deficit during August 2022 as it reclassified almost $35m of revenues earned in July as VAT, Ministry of Finance data released yesterday revealed.
Minnis expects to save $3m on electricity bills after refit
THE government expects to save $3m in electricity bills each year with its recently announced street lighting retrofitting project, according to Prime Minister Dr Hubert Minnis.
Brewery targets brand marketing
COMMONWEALTH Brewery maintained its cautiously optimistic outlook at its first shareholders annual general meeting (AGM), following a year in which it paid out 100 per cent of profits in a collective $0.58 per share dividend.
GDP boost from raising Bahamas' 60% Net access
GDP boost from raising Bahamas' 60% Net access By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LESS than 60 per cent of Bahamian homes have Internet access, the Bahamas Telecommunications Company's (BTC) chief executive has said
GDP boost from raising Bahamas' 60% Net access
GDP boost from raising Bahamas' 60% Net access By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LESS than 60 per cent of Bahamian homes have Internet access, the Bahamas Telecommunications Company's (BTC) chief executive has said
Halkitis, magician and joker
Perry Christie’s alter ego in the Ministry of Finance stepped completely out of character the other day and allowed himself to get caught up in the hype of the PLP convention.
FINCO blames Matthew for 15.5% ‘bad’ loan rise
FINCO yesterday confirmed that the Bahamas’ mortgage crisis is far from over, blaming Hurricane Matthew for a $16 million increase in non-performing loans as profits slumped 54.7 per cent.
Deandre Ayton is 'Mr Efficiency'
Deandre Ayton’s efficiency has been an integral part of the Phoenix Suns’ rise in the NBA standings.
Candidate’s silence on his $53m fortune
KEVIN King, the Kingdom Government Movement’s leader who is vying for the East Grand Bahama seat, yesterday evaded questions to clarify his declared net worth of $53,129,820.
Can we bite NIB bullet? ‘Bold decision’ needed - raise contributions to sustain cash assistance
NATIONAL Insurance Minister Brensil Rolle yesterday admitted that no government has been “bold enough” to take on recommendations that National Insurance Board contributions must increase to sustain the financial viability of the social security net.
PLP: The PM's address 'offered no immediate economic, social relief'
THE Progressive Liberal Party yesterday downplayed the announcements in Prime Minister Dr Hubert Minnis’ national address, saying it “offered no immediate economic and social relief”. “The net result of the government’s fiscal and economic policies
‘Good tournament’ for Bain and Ramirez despite final defeat
BAHAMIAN freshman Jacobi Bain and his Xavier University of Louisiana senior teammate Juan Ramirez gave it their best shot, only to fall short in the final of the men’s doubles at the Intercollegiate Tennis Association (ITA) Cup Championships in Rome, Georgia on Saturday.
$13m campaign targeting 30k Asian visitors
A $13 million independent Bahamas tourism marketing campaign targeting the Asian travel market could net 30,000 visitors within the next three years, its developers said yesterday,
