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‘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.
‘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.
