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McCartney to attend offshore investment event
HALSBURY Chambers founder and managing partner Branville McCartney will attend the second Offshore Investment Conference in Panama March 13-14.
McCartney travels to investment conference
Halsbury Chambers founder and managing partner, Branville McCartney, will attend the second Offshore Investment Conference in Panama from March 13-14.
Gov't to strengthen consumer protection over VAt 'price gouge'
The Government will strengthen the Consumer Protection Department to ensure Bahamians are not exploited by businesses illegally collecting Value-Added Tax (VAT) from their customers, Ministry of Finance official Lucine Mingo told teachers at Government High School recently.
Cecil Rose dies at 58
FORMER University of Houston guard Cecil Rose, whose arrival at UH started a family connection that continues today, passed away Friday at his Houston home. He was 58.
Baha Mar’s $11.5m tax write-off . . . if it opens
Baha Mar will enjoy at least $11.5 million in tax write-offs if it is ever able to complete its development, Tribune Business can reveal, with its current debt to the Government pegged at $20 million.
QC ‘terrified’ by Freeport tax grab
An outspoken QC has been “terrified” by what he perceives as the Government’s planned Freeport ‘tax grab’, forcing him to launch a second Judicial Review challenge to its ongoing Hawksbill Creek Agreement (HCA) assessment.
‘Majority’ of toxic BoB loans ‘high end homes’
Bahamas Resolve’s chairman yesterday revealed that “the majority” of bad loans transferred from Bank of the Bahamas related to “high-end homes” and condominiums, rather than commercial credit as initially thought.
US gives Cable growth ‘4 times’ that in Bahamas
Cable Bahamas yesterday said its US expansion had generated growth that would take three-four years to achieve in this market, having enjoyed an “immediate” 26 per cent top-line boost.
Freeport ‘stagnated’; Cayman attracted $6bn
A well-known attorney yesterday called for Freeport’s population to double within 20 years, questioning why it had “stagnated” as its fellow hurricane-hit island, Cayman, attracted $6 billion in investments over the past decade.
Shareholder outrage over ‘no change’ BOB
Bank of the Bahamas shareholders yesterday reacted with outrage over the decision to nominate the existing Board of Directors for re-election, one demanding: “Where does the buck stop?”
Bahamas Waste: 'Big concerns' over VAT's receivables impact
Bahamas Waste yesterday said it was taking “a wait and see “ approach to Value-Added Tax (VAT), with its “biggest concerns” centred on its $2 million-plus receivables and fears it may have to ‘carry’ non-paying customers.
US billionaire in Walker’s Cay talks
The Government is hoping that Walker’s Cay will return to its “boater’s paradise heyday” if its purchase by a US real estate billionaire successfully closes.
Branville: Both FNM and PLP to blame for corruption
DEMOCRATIC National Alliance Leader Branville McCartney yesterday scoffed at recent comments made by Dr Hubert Minnis, insisting that both the Free National Movement and Progressive Liberal Party are to blame for the current level of systemic corruption that exists within public systems.
GSSSA sudden death playoffs underway
With the soccer nationals looming in the background, the junior and senior teams sudden death playoffs kicked off yesterday for the Government Secondary Schools Sports Association (GSSSA).
FTX: $7.7bn owed to Bahamas ‘misleading’
A key financial adviser to FTX's US chief yesterday disputed as "misleading" assertions that some $7.7bn is currently owed to the failed crypto exchange's Bahamian subsidiary.
Insurers: ‘Light at end of tunnel’ over taxation
Bahamian insurers yesterday voiced relief that there is “light at the end of the tunnel” after the Government said it would drop plans to move the industry to a Business Licence fee taxation regime.
Realtor has ‘never seen such high rental rates’
A Bahamian realtor says he has “never seen such high rental rates” as now exist in some of western New Providence’s most upscale communities with demand in this segment now suppressing available-for-sale inventory.
Govt's $61m surplus for quarter to March
The Government ran its third consecutive monthly fiscal surplus in March as the calendar year's traditionally revenue-rich first quarter saw revenues exceed spending by more than $60m.
‘Options limited’ over relief for gas dealers
The Ministry of Finance’s top official yesterday said the Government’s “options are limited” in providing the relief sought by petroleum retailers struggling with gross margins of 10 percent or less.
