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Port’s profits to decline 7% despite pre-COVID bounce

Nassau’s major commercial shipping port is forecasting a 7 percent year-over-year profit decline for 2022 despite predicting container volumes will return to pre-COVID levels in the first quarter.

Fronting 'more ferocious' if no pre-WTO crackdown

The Bahamas must crack down on widespread ‘fronting’ that threatens to become more “ferocious” once this nation joins the WTO, a governance reformer has urged.Robert Myers, a principal with the Organisation for Responsible Governance (ORG), told Trib

Businesses face ‘major supply chain disruption’

Bahamian businesses were yesterday warned to brace for “significant supply chain disruption”, with no freight vessels arriving at Nassau until possibly “late next week”.

Port's profits slump 65% during COVID

Nassau's main commercial shipping port suffered a 65 percent or $3m year-over-year profits slump during the first five-and-a-half months of the COVID-19 crisis, its top executive revealed yesterday.

Insurer at the 'mountain top'

A Bahamian insurer yesterday reached “the mountain top” after being upgraded to the industry’s highest-possible financial strength rating, revealing that its 50 per cent profit retention policy had ‘paid dividends’.

Eugene Horton seeks another term in office as BBF president

WITH some unfinished business since moving up from first vice president to president during the middle of the past four-year term in office, Eugene Horton will be seeking another tenure at the helm of one of the country’s most fledgling sporting bodies.

Local investors blast Govt's 'wall of silence'

A BAHAMIAN investor group is slamming the 20-year “wall of silence” surrounding its “one-stop” Road Traffic solution, arguing that it has been deliberately shut out of national development.Franklyn Robinson and Charles Beneby, principals in Bahamas A

Freeport ‘FLIPs’ over mega hardware store

Freeport business owners fear they will be “wiped out” by a new mega hardware store that is allegedly owned by the Grand Bahama Port Authority’s (GBPA) new foreign partners.

Sporting leaders’ sneak preview for year 2024

As the sporting bodies prepare for the 2024 season, leaders of various local associations and federations expressed their views on what they anticipate to do in their respective disciplines.

Super Value to collect $20-$25m VAT for Gov’t

Super Value’s owner yesterday said he expects to collect $20-$25 million in Value-Added Tax (VAT) for the Government this year, while warning that much more consumer education is required.

Gov't: 20-25% payroll tax for VAT match

The Government would have to implement the private sector’s favoured payroll tax at a rate between to 20-25 per cent to hit its revenue targets, the Financial Secretary saying this meant the average Bahamian worker would see more than $200 per month taken from their salary.

‘Payroll tax not a viable option’

BAHAMIAN workers would face grave reductions in take-home pay if a payroll tax were implemented instead of a Value Added Tax (VAT), the three leading government voices in financial affairs, including the Prime Minister, agreed.

Ever upwards

Re:insurers warn of 20-25% rate increase

NORCECA: BAHAMAS SEVENTH OVERALL

THE Bahamas men’s national volleyball team had to settle for seventh place at the NORCECA Men’s Continental Championships after defeating Saint Lucia in three straight sets, 25-17, 25-20, 25-20 at the Langley Events Centre in British Columbia, Canada, on Saturday.

Silver for national volleyball team

The Bahamas men’s national volleyball fell short in their bid to regain the CAZOVA (Caribbean Zonal Volleyball Association) Championships that they last held in 2012, losing to host Suriname in the championship game on Tuesday night at the Ismay Van Wilgen Sporthal in Parimaribo, Suriname.

GSSSA volleyball season wraps up today

WITH the Government Secondary Schools Sports Association (GSSSA) volleyball regular season coming to a close, senior teams have turned up the intensity on the courts.

Giants rout Pirates 97-73, Regulators top Pros 76-58

COMMONWEALTH Bank Giants and Mr Ship It Freight Regulators are making it a run for the top spots in their respective divisions of the New Providence Basketball Association.

Weather Forecast – Synopsis for the SW North Atlantic

255 PM EST Wed Dec 30 2020

Hurricanes, Warriors are the national volleyball champions

THE St Andrew’s Hurricanes senior boys and Bishop Michael Eldon senior girls blazed equally dominant paths to their respective national titles when the Ministry of Education and the Bahamas Volleyball Federation hosted the National Tournament of Champions, sponsored by JS Johnson Insurance Company Limited.

Top economist: Bahamas 20% current deficit a ‘concern’

A SENIOR Caribbean economist yesterday described the Bahamas’ current account deficit of roughly 20 per cent as “concerning”, revealing it was one of the widest she was aware of.

The Tribune

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