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Cans For Kids launchs 'Spring Bash Collection Competition'
By ALESHA CADET
Gone fishin’
The Bahamian people have misinterpreted the generosity of the Chinese munitions factories, and all one hears today is “what is the defence force going to do with all of those grenades” ?
Insurer ‘re-lends’ $15m to offshore bank affiliate
BISX-listed Colina Holdings has taken a $15 million credit facility from FirstCaribbean International Bank (Bahamas) and re-lent it - on the same terms and conditions - to its offshore bank affiliate.
Gov’t ‘definitely’ beat first $150m VAT goal
Value-Added Tax (VAT) “definitely” generated more than the $150 million net revenue increase targeted for the 2015 first half, a top official yesterday revealing that June’s compliance rates matched those for the first quarter.
BISX-listed firm guarantees its broker’s solvency
A BISX-listed company has been forced to guarantee its main subsidiary’s financial solvency, after it failed to meet the Securities Commission’s minimum $300,000 capital requirements.
IDB project to unlock Andros's $260m 'capital'
The Government is seeking to develop a sustainable framework for unlocking Andros’s ‘natural economic capital’, which studies have suggested could deliver $260 million a year “in net economic benefits”.
'Exclude' renewable energies from VAT
The Government has been urged to “exclude” renewable energy devices from Value-Added Tax (VAT), a leading sector provider suggesting this would incentivise their use and match existing tax policy.
Stand up and be counted (part II)
Recently, I started to write about apathy/complacency of Bahamian citizens and residents. As the article became much longer than I anticipated, I decided to break the topic into two portions to try and ensure that the newspaper would be more likely to accept and publish the presentation.
Property value boost drives insurer’s 39% profit increase
A $3.2m gain from revaluing its property assets enabled Bahamas First to shrug off a decline in its core insurance underwriting business and post a 39 percent total comprehensive income increase for the 2022 full-year.
Samuel P Haven Junior High Schools Soccer Nationals
THE Samuel P Haven Junior High Schools Soccer Nationals returned to the Roscow A L Davies soccer field for the third consecutive day. Yesterday’s trio of games saw the girls of Lyford Cay International School take on the Anatol Rodgers Timberwolves.
Baha Mar 'close' to $150m spend on Bahamians
BAHA Mar is "close" to investing $150 million with Bahamian contractors for its Cable Beach redevelopment, as it prepares to today launch the $2.6 billion project's 300 luxury Residences to high net-worth buyers from across the world in London.
First $10m recoveryfor CLICO creditors
Some $10 million raised from selling the property that accounts for 63 per cent of CLICO (Bahamas) assets has been returned to this nation for the ultimate benefit of the i
Gov't pays down $6.3m on Water Corp receivables
THE Government spent $6.3 million of taxpayer monies last month to pay down the $8.2 million bill the Water & Sewerage Corporation had run-up with BISX-listed Consolidated Water, it was revealed last night, with the latter's Blue Hills plant driving a 41 per cent increase in its 2012 bulk water revenues
Cable chief optimistic $2.8m profit is trend
Cable Bahamas’ top executive is voicing optimism that $2.8m first quarter profits represent the start of a trend with its fibre network set to cover all New Providence “on a home pass basis” by year-end 2023.
Comets, Hurricanes repeat as junior soccer champions
The junior portion of the Bahamas Association of Independent Secondary Schools Sports (BAISS) Soccer Championships is officially in the books.
Financial industry hails ‘certainty’ on tax residency
Financial services executives yesterday hailed the government’s plans to codify its tax residency initiative via legislation as providing “certainty and transparency” for both investors and global regulators.
Minister ‘shocked’ at NAD outlook cut
A Cabinet minister is “a little shocked” that a top rating agency slashed its Nassau Airport Development Company (NAD) outlook to “negative” despite the premier gateway enjoying a “record” 2019.
BTC owner: Abaco 'a humanitarian disaster'
The Bahamas Telecommunications Company’s (BTC) owner is eyeing fixed wireless solutions to reduce construction costs associated with rebuilding network infrastructure in Abaco post-Dorian. Balan Nair, Liberty Latin America’s (LiLAC) chief executive,
External reserves to end 2022 ‘not far from’ $2bn
The Central Bank’s governor yesterday predicted that The Bahamas’ external reserves will end 2022 “not far off $2bn” and ensure the US dollar exchange rate peg faces “no undue pressure”.
Businesses ‘test water’ over extra night hours
Super Value’s principal yesterday said the supermarket chain plans to “test the waters” with 8pm closings after the nightly curfew was eased but voiced scepticism the move would increase sales.
