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‘Hundreds of acres’ for LPIA expansion
Nassau airport’s managers are moving to secure “hundreds of acres” for potential future expansion of its runway and terminal “footprint”, a Cabinet Minister revealed yesterday.
Business Bites: The hidden story behind Cable Bahamas strange share price
Cable Bahamas is a strong company, with positive growth prospects, one of our best-known and most actively traded equities. Yet the share price quoted on BISX gives the impression of a severe loser, with a decline of about nearly 40 percent in the last year, from $3.68 to $2.29. Why?
BTC ‘bottoming out’ as mobile losses cut 2/3
The Bahamas Telecommunications Company (BTC) last night showed signs of “bottoming out” in its battle with Aliv after its mobile subscriber loss rate was cut by two-thirds in late 2018.
Realtors object to three 'taxes' in Coalition plan
The Bahamas Real Estate Association (BREA) has objected to three revenue-raising proposals in the private sector’s Value-Added Tax (VAT) alternatives package, its president fearing they will have “grave consequences” for the industry if adopted.
Payroll tax 'disastrous' for new jobs
A Cabinet minister yesterday slammed the private sector’s payroll tax proposal as “disastrous” for job creation, suggesting the Government would require a rate higher than 5 per cent.
Property Fund targets 5-10% vacancy drop
The BISX-listed Bahamas Property Fund yesterday said it was targeting a five-10 percentage point reduction in 2013 vacancy rates at its flagship downtown property, telling Tribune Business this could instantly improve the full-year bottom line by $250,000-$500,000.
Benchmark 'guarantees' subsidiary's solvency
A BISX-listed company has upgraded support for its main broker/dealer subsidiary to a guarantee that will ensure it remains financially solvent until end-April 2015, in a bid to assuage the Securities Commission’s ongoing concerns.
Minister rejects call for VAT exemptions
A Cabinet minister yesterday said it was “oversimplistic” and “problematic” to call for Value-Added Tax (VAT) to be removed from food items and other staple products.
BPL CEO rates company 8 out of 10
BAHAMAS Power & Light CEO Shevonn Cambridge rates BPL’s performance an eight out of ten.
November date for Speed Week return
THE dates for Bahamas Speed Week Revival 2012 the country’s biggest annual motor sport event, have been announced.
In the BFA, UB Mingoes top United 2-0
THE University of the Bahamas Mingoes defeated United Football Club 2-0 for the first win of the Bahamas Football Association season as the defending champions look to repeat this season.
Insurer hits 'summit' on rating affirmation
A Bahamian property and casualty insurer has seen its "financial strength" and credit rating reaffirmed by the industry's leading global assessor.
Minister defends Govt on renewable energy
A Cabinet minister yesterday defended the Christie administration’s efforts to facilitate renewable energy in the Bahamas, following the Black Friday ‘We March’ protest.
VAT and pricing
THIS an open letter to the Acting Financial Secretary with respect to the Vat exemption for bread basket items.
Bahamas targeting ‘novel’ fund vehicle
Legislation is being drafted for the creation of a “novel” fund vehicle that could be ‘married’ to the SMART Fund 7 model, the minister of financial services said yesterday.
Bahamas positions as 'serious market mover'
THE Bahamas was yesterday described as “the destination” for the creation of mutual funds, one manager stating that the jurisdiction was positioning itself to become a “serious market mover” in that industry.
Six months to avoid downgrade
THE Bahamas has a “six month window” in which to stave off another credit rating downgrade through concrete fiscal reform actions, with Moody’s yesterday describing the Government’s planned $800 million correction as “enormous”.
Bahamas FDI inflows fall by some 29%
Foreign direct investment (FDI) inflows into the Bahamas fell by 29 per cent year-over-year in 2013, a United Nations (UN) body has reported.
AG: New tax for BPC if royalties 'abysmally low'
The attorney general yesterday said the Government could impose a new tax on Bahamas Petroleum Company (BPC) if it declines to renegotiate "abysmally low" royalty rates that are the world's poorest.
BOB to avoid default with $6.4m pay-out
Bank of the Bahamas (BOB) is making a $6.4 million pay-out to avoid defaulting on its preference shares, resulting in a $3 million “capital shock”.Wayne Aranha, the struggling BISX-listed bank’s chairman, told last week’s annual general meeting (AGM)
