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Bank unable to recover 95% of VAT ‘inputs’
Commonwealth Bank yesterday predicted it would be unable to recover 95 per cent of its Value-Added Tax (VAT) input payments, given that ‘exempt’ revenue streams form the bulk of its income.
Tourism arrivals off 99% in June
A senior Ministry of Tourism official yesterday revealed a 99 percent year-over-year arrivals drop for June 2020 despite opening up to private air and sea visitors half-way through. Dr Kenneth Romer, the Ministry of Tourism’s executive director of p
Giants avoid being eliminated
JEREMY Hutchinson and Gamaliel Rose provided a 1-2 punch as the twin towers helped the Commonwealth Bank Giants stave off elimination against the defending champions Mail Boat Cybots on Saturday night.
CYBOTS FIGHT OFF DETERMINED ROCKETS
WHAT they lacked in size, the short-handed Pyramid Food Rockets tried to make up with speed as they took the Mail Boat Cybots to the limit in game one of their New Providence Basketball Association playoffs.
Bahamas is most expensive Caribbean cruise location
The Bahamas is the most expensive Caribbean destination for the cruise ship industry, a newly-released survey revealing that it spent 78.3 per cent more in this nation than anywhere else in the region.
Bahamas earns historic berth to quarter-finals of inaugural CONCACAF Girls Under-15 Championship
IN the inaugural Confederation of North, Central America and Caribbean Association Football (CONCACAF) Girls Under-15 Championship, the Bahamas has earned an historic berth to the quarterfinals.
Robot boost for Shipyard speed
ROBOTIC blasting is now being used at the Grand Bahama Shipyard to speed up work. Training began a few weeks ago, teaching Bahamians to drive the highly technical environmental robot used for hull stripping.
Bay Street 'assured' on new Junkanoo bleacher protocol
DOWNTOWN Nassau stakeholders have been “assured a new protocol” will be put in place for Junkanoo bleacher placement starting next year, Tribune Business was told yesterday.Ed Fields, the Downtown Nassau Partnership’s (DNP) managing director, also su
Baha Mar eyes ‘maximum’ occupancies for New Year
Baha Mar yesterday said it was targeting “maximum New Year’s capacity” for its three new resort properties after they enjoyed “a much better Christmas” this year following their completion.
ECASC president leads federations at joint meeting in Colombia
BURKET Dorsett, the president of the English Speaking Softball Confederation, led the ECASC federations in a collaborative effort with the federations of Latin America, the Spanish-Speaking Caribbean Canada, the United States and all members of WBSC Americas softball for a joint meeting in Cartagena, Colombia.
Commercial banks to acquire 80 per cent of restoration bond
Some 80 per cent or $120 million of the Government’s Hurricane Restoration Bond will be raised from the commercial banks, the Government yesterday confirming the offering’s multi-tiered nature.
VAT 'recipe for disaster' with no Contractor Bill
A Bahamian contractor said yesterday that levying 7.5 per cent Value-Added Tax (VAT) on the sector without first passing the Contractors Bill would be a “recipe for disaster”, telling Tribune Business: “We are in no manner, shape or form prepared for this.”
That's a lame excuse, says union chief
BAHAMAS Union of Teachers president Belinda Wilson released a statement yesterday dismissing Education Director Marcellus Taylor’s “lame excuse” as to why 100 newly recruited teachers are still at home waiting to be employed and assigned to public sc
Executives evaluate site of beach soccer facility
FIFA, Beach Soccer Worldwide and Bahamas Football Association executives conducted a site visit this week to evaluate the Bahamas’ progress toward major beach soccer events.
Class of 2014 inducted into National Sports Hall of Fame
THE Ministry of Youth, Sports and Culture’s Class of 2014 was inducted into the National Sports Hall of Fame at Government House on Friday night.
Outgoing High Commissioner looking forward to being involved in sports back home
By BRENT STUBBSSenior Sports Reporterbstubbs@tribunemedia.netLONDON: After spending the past four “wonderful” years of as the Bahamas High Commissioner to London, Ed Bethel said his only regret is that he will miss the 16th International Amateur Athl
The drug lord years in the Bahamas
A FLOUNDERING economy in the 1970s left the country desperate and encouraged some within the leadership of the governing PLP to to make the conscious decision to partner with drug lords, Majority Rule MP Ed Moxey told The Tribune.
Kadeem Coleby posts double double for win on birthday
Birthday boy Kadeem Coleby helped the Akita Northern Happinets pick up their second straight victory in two nights over his celebrated weekend against the same team in the Japanese D1 professional basketball league.
Gov't targeting 75-90% VAT comply 'high range'
The Government is expecting to achieve Value-Added Tax (VAT) compliance rates in the 75-90 per cent “high range” enjoyed by other Caribbean nations, a senior Ministry of Finance official has revealed.
Jonquel Jones reflects on her standout season
JONQUEL Jones and the Connecticut Sun fell one game short in their historic run toward a WNBA Championship, but the fourth year forward has established herself as one of the premier players in the league with her standout season.Jones averaged 19.2 p
