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BEC manager’s fees to be capped at $5m
PowerSecure will receive a maximum $5 million annual fee for managing operations at the ‘new BEC’, Tribune Business can reveal, as the latter’s environmental liabilities start to weigh heavily on energy reform.
Airports ‘20% compliant’ with worldwide standards
Bahamian airports are just 20 per cent compliant with international regulatory standards, making it of “paramount importance” that Family Island facilities are upgraded immediately to prevent the suspension of all-important airlift.
Clubs and Societies 08/15/2014
Cycling Club Bahamas. - Cycles Unlimited is now closed until August 25.
'Crazy' aviation taxes may cost tourism $20m
The Bahamas will “conservatively” lose $20 million in tourism revenues if it maintains the new and increased taxes on the private aviation sector, an industry expert yesterday slamming the Government’s policy as “crazy”.
Treasure Cay project 'desperately needed'
The Treasure Cay development under fire from both locals and environmentalists yesterday said its project could ultimately involve a $10-$20 million investment, and create 100 “desperately needed” jobs, if it was allowed to fulfill its plans.
Small home repair programme to start with 20 homes on Grand Bahama
REPAIRS are underway on about 20 homes in Grand Bahama and work should start soon on Abaco, according to Executive Chairman of the Disaster Reconstruction Authority Alex Storr.
CLUBS AND SOCIETIES 05012015
Tomorrow: Grand Bahama Dog Days Half Marathon/5K/and one-mile fun run to benefit the Humane Society of Grand Bahama. https://www.facebook.com/events/441489632680270/.
Ex-AG: 'We're up to' coping with automatic tax information
An ex-Attorney General believes the financial services industry will survive even if the automatic exchange of tax information becomes the global standard, warning that this nation “can’t stand apart” from the initiative.
No Bahamas taxes on Shell’s $1.55bn profits
The case for imposing a corporate income tax was yesterday said to be have been strengthened by revelations that a Shell subsidiary paid not a cent in tax on $1.55bn of profits generated in The Bahamas.
Bahamas tops Rest of the World to win 2nd straight Nagico T20 cricket title
For the second consecutive year, the Bahamas emerged as the champions of the Nagico T20 Cricket Tournament.
Pennant winners secure early leads
IN game one of the Government Secondary Schools Sports Association basketball championship series, each of the pennant winners took early series leads, with blowouts in girls’ play and a pair of close finishes in the boys’ divisions.
Treasury revenues slumped 55% in year's final quarter
THE COVID-19 pandemic has contributed to a 55.2 percent contraction in receipts across taxed industries, according to the Ministry of Finance’s budgetary performance report for the fourth quarter of the 2019/2020 fiscal year.
CORRECTION
IN Friday’s edition of The Tribune, it was erroneously reported in a headline on page five that Dino Nixon was arraigned in Magistrate’s Court for a recent killing in Fox Hill.
Deficits overwhelm growth six-fold in driving debt hike
Weak economic growth has been overwhelmed by the six-fold greater impact of surging fiscal deficits and failed to keep The Bahamas’ debt ratios in check, a multilateral lender is asserting.
Cable targeting 20% revenue rise via US
Cable Bahamas believes its newly-acquired US business will generate greater than “20 per cent aggregate” revenue growth for it over the next five years, having won contracts to provide services to 16,600 Florida residential units since the purchases closed.
North Andros’ Matthew losses may hit $20-$30m
The North Andros economy may have suffered $20-$30 million in losses as a result of Hurricane Matthew, the Chamber’s chief executive said yesterday.
Clubs and Societs 7/18/2014
September 13 - Give a Child a Ride, bike ride & race in Nassau, email: info@giveachildaride.com.
MLB teams add Bahamian rookie prospects
Major League Baseball Clubs added players to their 40-man rosters to protect them from next month’s Rule 5 Draft and with that came an updated list of rookie prospects in each team’s pipeline.
Retail 'pioneer' targets more Atlantis expansion
One of Atlantis’s retail ‘pioneers’ yesterday said he was aiming to establish a second store at the Royal Towers within three years, the recent expansion of his inaugural outlet having sparked a 20 per cent sales increase.
Leading QC calls for 20% Gov't spend cut
The Government has been urged to cut spending by 20 per cent over the next five-10 years, with a top QC warning Bahamians they must abandon “cradle to grave entitlements”.
