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Drogba takes Chelsea into Champions League last 16
By ROB HARRIS AP Sports Writer LONDON (AP) -- With Chelsea's Champions League progress secured with a ruthless victory over Valencia, Andre Villas-Boas had the confidence -- after weeks of pent-up frustration -- to take on his critics. The manager declared
Drogba takes Chelsea into Champions League last 16
By ROB HARRIS AP Sports Writer LONDON (AP) -- With Chelsea's Champions League progress secured with a ruthless victory over Valencia, Andre Villas-Boas had the confidence -- after weeks of pent-up frustration -- to take on his critics. The manager declared
$5bn national debtnot necessarily hit by latest bond
A former finance minister yesterday said the Government’s overdraft had come down to around $65 million, adding that its latest bond issue would not necessarily take the national debt beyond the $5 billion mark.
'Changing landscape' doubles realtor's foreign web share
A well-known realtor yesterday said international visitors had more than doubled their share of ‘hits’ on his website, after he expanded into the luxury market within the last six months.
VAT fears for private Healthcare coverage
By NEIL HARTNELL
Halkitis aims for 50% debt by 2016/17
ALTHOUGH the country is “moving in the direction where we are borrowing less,” the government is planning on borrowing $465 million this fiscal year, according to Minister of State for Finance Michael Halkitis.
PM blasts failure over BTC's $62m pension deficit
The Ingraham administration failed to provide the $39 million financing promised in the privatisation process to cover the original Bahamas Telecommunication Company (BTC) pension fund deficit, Prime Minister Perry Christie last night alleging this had caused the shortfall to balloon to $62 million.
Bahamas 'strained' to hit 2.7% growth target
The Bahamas will be “strained” to hit the Government’s and IMF’s projected 2.7 per cent GDP growth rate for 2013, a former finance minister yesterday warning this nation may never again hit the 2007-2008 heights.
Gov't 'reins in' first-time buyer tax break bar
The Government has “reined in” the ability of first-time home buyers to obtain the full 10 per cent Stamp Duty exemption, a well-known attorney saying the threshold was now below that employed when the tax break was first introduced in 2002.
More than 40,000 live under the poverty line
CHILDREN under 14 have the highest poverty rate in the Bahamas as national statistics released yesterday reveal more than 40,000 persons in the country live under the poverty line on less than $5,000 per year.
Coalition co-chief praises 'awesome macro' VAT reforms
A Tax Coalition co-chair yesterday praised the Government for a seemingly “awesome” job with its ‘big picture’ Value-Added Tax (VAT) adjustments, and eliminating the “nightmare” of intra-group reporting.
Bahamas in 4-0 loss to Puerto Rico
IT WAS a disappointing finish for Team Bahamas at the Caribbean Football Union Men’s Under-17 Qualifiers this week as the team was unable to advance to the next round of play.
Christmastide with Bel Canto
THE Bel Canto Singers present their popular traditional “Christmastide” concert this weekend with two performances – at the Old Fort Bay Club on Friday and the St Andrew’s Presbyterian Kirk on Saturday.
Central Bank chief: No devalue danger
The Central Bank’s newly-appointed governor yesterday reassured that the Bahamian dollar faced no devaluation dangers, adding that a floating exchange rate may not boost competitiveness.
IMF ‘discourages’ foreign currency borrowing to boost reserves
The International Monetary Fund (IMF) has urged the Government to stop borrowing in international currency simply to boost the external reserves, which at $839 million at end-March were “low” and below the ‘three months’ worth of imports’ benchmark.
Public governance key to financial sector changes
A former Ministry of Finance legal adviser yesterday said public governance is vital to ensuring the right environment exists for financial institutions to thrive.
Paradise Island Open all set for Ocean Club this weekend
THE Atlantis resort on Paradise Island is proud to present The Paradise Island Open Golf Tournament at the Ocean Club Golf Course on Saturday and Sunday.
$110m collected in VAT in first three months
THE government has collected $110m in value added tax payments during the first three months of the year, Prime Minister Perry Christie told the House of Assembly yesterday.
The cost of VAT
EDITOR, The Tribune.
Minimal hotel impact from US snowstorm
New Providence’s major hotels yesterday said they had suffered “minimal” impact from the blizzard conditions in the north-east US, with visitor cancellations offset by those who had to extend their stay in the Bahamas.
