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RoyalStar on target to hit $4m profits
RoyalStar Assurance’s 2013 performance is on target to match last year’s $4 million bottom line, its managing director yesterday telling Tribune Business its new JFK Drive headquarters showed the firm was “here to stay”.
Darville urges social workers to stay focused on those in need
ADMITTING that there are some troubled youth who seem focused on a life of crime and bad behaviour, Minister for Grand Bahama Dr Michael Darville on Monday encouraged social workers to remain focused and determined in their obligations to make a positive difference in people’s lives, particularly those in need.
Bank to ‘sneak’ growth on 38% market share
Commonwealth Bank is targeting a 2013 “revamp” for its Internet banking service that saw an 11 per cent activity increase in 2011, its president yesterday expressing optimism that it could also “sneak” market share growth.
Fund close to $1.1m tax dispute solution
The Bahamas Property Fund’s administrator yesterday said “the future lies” with securing multiple small tenants instead of larger ones, as it moves to seal the resolution of a $1.082 million tax dispute with the Government.
GB Power: We missed return target by $5.26m
Grand Bahama Power Company says it undershot its regulator-approved rate of return by $5.26 million for the year to end-December 31, 2013, due to the weak economy and reduced sales.
Union: No CIBC lay-offs likely before September
THE Bahamas Financial Services Union (BFSU) does not foresee any redundancies at CIBC FirstCaribbean International Bank (Bahamas) before September 30, its president expressing concern over the outsourcing of decision-making authority in the commercial banking industry.
Bank bracing for short term VAT default 'spike'
Commonwealth Bank’s president said yesterday it anticipates a short-term spike in delinquencies when Value-Added Tax (VAT) is implemented on January 1, having estimated the previous model would have increased its own annual costs by $4 million.
Moss slammed over V.A.T. blast
PLP chairman Bradley Roberts criticised Marco City MP Greg Moss yesterday for speaking “out of turn” when he said implementing value added tax “goes against the principles of the party”.
Rollins defends right to express different views
FORT CHARLOTTE MP Dr Andre Rollins yesterday warned Progressive Liberal Party “loyalists” that they are setting a “dangerous” precedent by criticising members of the party who express differing views from the party line.
Sky Bahamas chief: ‘No encouragement’ in mid-year Budget
A well-known businessman and aviation executive says the 2015/2016 mid-year Budget has given him little encouragement to invest further, reiterating calls for a strategic plan to develop the Out Islands.
Federation to honour legacy of the late ‘King’ Eric Gibson
THE Bahamas Golf Federation is expected to honour the legacy of the late ‘King’ Eric Gibson by hosting the King Eric Gibson Memorial Golf Tournament at Lyford Cay Golf Course on May 3.
PHA confirms 145 infections of dengue fever with six hospitalised
PUBLIC Hospitals Authority Managing Director Aubynette Rolle said six people are hospitalised with dengue fever.
Wimbledon: Sweeting reaches the 2nd round
For the second consecutive year, Ryan Sweeting has advanced to the second round of arguably the most noteworthy and legendary grand slam. Sweeting ad
Dempsey seals 1-1 draw for Fulham against Chelsea
By ROB HARRIS AP Sports Writer LONDON (AP) -- Clint Dempsey scored his 22nd goal of the season for Fulham to clinch a 1-1 draw against Chelsea on Monday and prevent its west London rival from climbing into the Champions League places. The United Sates att
Seasonal rush expected at LPIA
LYNDEN Pindling International Airport officials urge travellers to pack patience for this weekend, which they expect to be the busiest of the year, surpassing the number of travellers last year.
Sovereign Wealth Fund
There has been a lot of chatter in the news and on talk shows about our national treasure and the need for a Sovereign Wealth Fund, and it has become tiresome listening to all the banter around Aragonite.
Hanna Martin will ‘fight to the death’ against citizenship by investment
ENGLERSTON MP Glenys Hanna Martin says she will “fight to the death” any attempt by the government to implement a citizenship by investment policy.
Govt continuing ‘targeted’ Customs Duty reductions
The Government is proceeding with its “targeted” reduction in Customs duties to accompany Value-Added Tax (VAT), a Cabinet minister has revealed, with more cuts to be triggered by enhanced revenue administration.
WORLD CUP: Ronaldo scores hat trick in six goal thriller
Cristiano Ronaldo scored a hat trick, capped by a dipping free kick in the 88th minute as Portugal and Spain played to a wild 3-3 draw in the Group B opener for both countries.
BTC apologises for ‘critical fault’
The Bahamas Telecommunications Company (BTC) yesterday apologised after “a critical fault” on its network disrupted fixed-line and mobile voice communications throughout the weekend.
