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BTC's $7.3m investment targets faster Net speeds
The Bahamas Telecommunications Company (BTC) says its new Fiber-to-Home service will deliver Internet speeds 20 to 100 times’ faster than the current cable modem or DSL service that many customers use.It added that once completed, its $7.3 million i
Rahming to stay in prison role pending replacement
PRIME Minister Perry Christie yesterday said Dr Elliston Rahming will remain Superintendent of Prisons until the government is able to find a suitable replacement for him.
'Limits on firms paying VAT is discriminatory'
THE proposal from government to only require Value Added Tax from companies making more than $50,000 in profits is discriminatory, according to director and operations manager of Nassau Motor Company Rick Lowe.
BFSB Summit focuses on cultural changes
The Bahamas Financial Services Board’s (BFSB) upcoming International Business and Finance Summit (IBFS) will examine how cultural and family changes impact service providers and financial structuring.
Running Mon Marina and Resort purchased by Xquisite Yachts
The Running Mon Marina and Resort in Grand Bahama has been acquired by Xquisite Yachts, an award-winning yacht manufacturing company that plans to invest in the region of $3m to $5m to undertake major upgrades at the property.
Gibson Jr and Rolle capture Unca Lou title
ONE of the top amateur golfers teamed up with one of the youngest competitors in the field as Richard Gibson Jr and Kerrington Rolle combined for a 59 net to win the St Augustine’s College Alumni Association’s inaugural Unca Lou Golf Tournament.
AML: 148% profit increase aided by same store sales
AML Foods yesterday said an 8-9 per cent same-store sales increase helped to grow its second quarter profits by 148.4 per cent before pre-opening costs, as it braces for an anticipated “banner year” in 2013.
Condo hotel tax now takes ‘effect’
The Bahamian resort industry was yesterday said to have “got 90 percent of our asks” over the new condo hotel tax which has now come into effect some eight months after it was first unveiled.
Cable targets 33,000 Nassau homes for new network in Q1
CABLE Bahamas is targeting 33,000 southern New Providence homes for connection to its new fibre-to-the-home network starting in the 2023 first quarter after overcoming supply chain challenges that delayed the roll-out.
Cayman ensures BahamasFirst model 'makes sense'
Bahamas First's 33-37 per cent market share meant it needed to diversify risk concentration outside this nation to "make our business model work in the long-term",
Bahamas must ‘leverage’ EU listing into opportunity
The Bahamas was yesterday urged to “leverage” the European Union’s (EU) ‘blacklisting’ and reposition itself as an international business centre based on ‘physical presence’.
Benchmark: ‘We’ve turned the corner’
A BISX-listed company yesterday expressed optimism it has “turned the corner”, its principal adding that its settlement with US federal regulators did “not stipulate” the instant redemption of its $5 million preference share capital.
‘Survival of financial services not an option’
A prominent QC yesterday backed calls for the Bahamas to switch to a ‘low tax’ business model, warning: “The survival of financial services is not an option.”
Govt targets $3m travel visa surplus
The government is aiming to generate a net $3m surplus from the COVID-19 health travel visa scheme in the upcoming fiscal year, with one Cabinet minister saying: “We have to live within our means.”
WORLD CUP: Kane scores hat-trick as England beat Panama 6-1
England roared past a physical Panama side and bared their own teeth with a 6-1 decimation of the Central Americans in Nizhny Novgorod. The Three Lions made light of the 31 degree heat and the physicality of their opponents by scoring more than four goals in a World Cup finals match for the first time.
$5m waste of axed welfare reform plan
Poverty-stricken families and the Bahamian taxpayer have received almost no value from a near-$5.4m investment in welfare reform that was halted by the Minnis administration.
Fund’s record $75m inflow builds RF Bank ‘war chest’
A Bahamian investment bank yesterday said it expects to match last year’s record $75m inflow into its fixed income fund and further build a “war chest” to deploy as possibilities emerge in 2022.
Port beats revenue forecasts by $1.5m
Nassau’s major commercial shipping port beat its original revenue forecast by almost $1.5m for its 2021 financial year, although profits declined by 7.7 percent year-over-year.
Doctors sees 75% growth in demand
Doctors Hospital has seen a 75 percent year-over-year increase in demand for its services based on top-line revenue growth during the first six months of its 2022 financial year, a senior executive has revealed.
Insurers ‘very close’ to VAT dispute settlement
Bahamian insurers were yesterday said to be “very close” to resolving their value-added tax (VAT) dispute with the government that has been “hanging over” the sector for the past year.
