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Brewery 'driving by numbers plan'

Commonwealth Brewery has matched the interim $0.25 per share dividend it paid out to its 3,000 shareholders in 2011, its managing director telling Tribune Business that it expected 2012’s final quarter to also go “according to plan”.

Ex-AG calls for lower VAT rate

A former Attorney General has called on the Government to “consider” implementing Value-Added Tax (VAT) at a lower rate than 15 per cent, warning that consumers would likely have to “bear” increased legal services costs.

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VAT fears for private healthcare coverage

Doctors Hospital’s president yesterday said he was “very concerned” about the potential for Value-Added Tax (VAT) to increase healthcare costs.

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Failed broker: $9.7m hangs in the balance

A successful winding-up of Owen Bethel’s Montaque Capital Partners is dependent on recovering $5.35 million owed by the insolvent Bahamian broker/dealer’s clients and affiliates, plus the fate of $4.3 million being claimed by a Canadian provider.

FDI's current account share to fall to 50%

Foreign direct investment (FDI) will finance “close to” 50 per cent of the Bahamas’ current account deficit in the near-term, a Wall Street rating agency has projected, down from historical levels.

Web shops hand out $100m in unregulated mortgages

The web shop industry has issued close to $100 millionworth of mortgages that are outside the Central Bank’s regulatory purview, a leading consultant to the industry yesterday adding that this was costing commercial banks $500,000 in fees per annum.

Bank to 'sneak' growth on 38% market share

Commonwealth Bank is targeting a 2013 “revamp” for its Internet banking service that saw an 11 per cent activity increase in 2011, its president yesterday expressing optimism that it could also “sneak” market share growth.

AML switches $1m from expansion to energy efficiency

AML Foods says the Budget’s tax increases, coupled with Value-Added Tax (VAT) uncertainty, have pushed it to switch $1 million earmarked for food store expansion into energy efficiency.

Broker submits eight defences to S.E.C. claims

A former Bahamian broker/dealer and its principal have submitted eight defenses to allegations by US regulators that they participated in an “illegal unregistered offering and sale” of securities that netted $11.4 million for clients.

Bahamas Waste beats Q1 profit goals by 24%

Bahamas Waste has returned to historical first quarter profit levels after its net income more-than-tripled year-over-year, a result that exceeded its own expectations by 24 per cent.

Web shop economic impact

It is very interesting that few, if any, of those persons who complain about the depressed state of the Bahamas economy, consider the impact that the web shops have, and continue to have, in this regard.

Poor motorbike show

On Sunday, December 20, my family and I attended the 242 All Star Peace and Love Motorbike Showcase and Stunt Competition. Sad to say that the reputation for event organisation in this country has yet another black mark against it.

Gov’t receives 40-50 self-energy responses

The Government has received between 40-50 registration applications to-date for its residential energy self-generation (RESG) programme, a Cabinet minister noting that the Family Island response had been tepid.

Consultant selected to develop plane registry

THE Government has selected an aviation consulting firm that will develop the framework for a Bahamian aircraft registry, a Cabinet minister said yesterday.

Bahamas IC team to face US for SG Trophy

WITH their fourth consecutive victory coming over the International Team, the Bahamas IC team is all set to meet the US today to decide the winner of The SG Trophy at the Breezes SuperClub tennis courts.

Association maintenance fees declared VAT-able

The Ministry of Finance yesterday confirmed that maintenance fees for condominium and homeowners’ associations will be subject to Value-Added Tax (VAT) if annual billings exceed the mandatory $100,000 registration threshold, although there is “no upside revenue potential” for the Government.

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POLICE NET $3M IN DRUG SEIZURES

  DRUGS Enforcement Unit (DEU) officers discovered more than $1m worth of marijuana on Thursday afternoon in Exuma, hours after they seized $2m worth of marijuana on a boat in waters off New Providence.

A foolish plan

I invite the Department of Labour to identify any country that has enacted such asinine legislation as floated in your publication under the above captioned headline.

UB Mingoes’ Ronaldo scores two goals on opening day

UNIVERSITY of the Bahamas Mingoes striker Ronaldo Green scored two goals over two matches on opening day of the Bahamas Football Association’s season over the weekend.

CITCO set to maintain Bahamas fund licence

CITCO Funds Services yesterday effectively confirmed that redundancies will occur at its Bahamas operations, although it pledged to maintain its fund administration license in this jurisdiction.