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BUSINESS BITES: Some welcome clarity from Cable Bahamas
In its quarterly financial report through March 31, 2019, Cable Bahamas for the first time has added management comments to the usual bare-bones figures —a practice that should become standard for all BISX-listed companies.
DPM places tax evaders on notice
The deputy prime minister yesterday warned tax cheats “who have been taking advantage of our inefficiencies” that they are a prime government target in the 2019-2020 fiscal year.
'Over-budgeting in the past has allowed us to trim spending'
DEPUTY Prime Minister and Minister of Finance Peter Turnquest said uncovering a history of over-budgeting has allowed the Minnis administration to trim its budget, especially with respect to spending on personal emoluments.
Sebas fund no Island Luck 'back door' IPO
The two mutual funds launched yesterday by Sebas Bastian’s new investment house are not an alternative “back door” to an Island Luck initial public offering (IPO), top executives said.
Fidelity targets $25m full-year profitability
A BISX-listed bank yesterday said it is on target to beat 2018’s earnings growth and deliver $25m in full-year profits despite the absence of first quarter loan book expansion.
'Extraordinary' price increases warning
Bahamian consumers and businesses were yesterday warned to brace for “an extraordinary level” of increase in the price of US imports as a result of Donald Trump’s trade war with China.
Seven foreign nationals fined for overstaying
SEVEN foreign nationals - four Brazilians, two Jamaicans and one Haitian - were convicted and fined for overstaying in three separate cases yesterday.
Water corp nets 47% Out Island revenue rise
THE Water & Sewerage Corporation’s (WSC) total Family Island revenues increased by 47 per cent year-over-year during the 2018 fourth quarter, its executive chairman has revealed.
Law shouldn't 'tax you out of business'
The Government is “taxing people out of business” via an “unconscionable” Business Licence fee that exacerbates the struggles of loss-making firms, a well-known fiscal hawk is arguing.
Beach Soccer: Bahamas eliminated
THE Bahamas men’s national beach soccer team were eliminated in the quarterfinal of the CONCACAF Beach Soccer Championships.
Ayton named NBA Rookie of the Year Award finalist
DEANDRE Ayton was named one of three finalists for the 2018-19 Kia NBA Rookie of the Year Award.
Private equity venture eyes ‘$100m-$200m opportunities’
A BISX-listed firm yesterday said its newly-created venture capital subsidiary can exploit “over $100m to $200m in opportunities” provided by Bahamian companies that need reinvigorating.
BISX-listed Fund: ‘much changed’ if vacancy cut 50%
A BISX-listed fund’s administrator yesterday said “the picture will be much changed” by year-end 2019 if it succeeds in slashing vacant space at its flagship property by 50 percent.
United States nets 3-2 victory over Bahamas
Team Bahamas lost its first match of the group stage but already secured its place among the quarterfinalists in the 2019 CONCACAF Beach Soccer Championships.
Cable tells shareholders: ‘It’s only matter of time’
Cable Bahamas top executive yesterday reassured investors it was “only a matter of time” before double-digit revenue and operating income growth eliminated balance sheet imbalances.
Trade expert challenges FDI policies
The Bahamas’ near-exclusive focus on large-scale, multi-million dollar foreign direct investment (FDI) projects has come under fire from a trade expert.
‘We’ve lost ground but no panic’
THE governing Free National Movement has “lost some ground” since the 2017 general election, Health Minister Dr Duane Sands said yesterday.
Chamber director ‘tasked’ with national pension fund set-up
A Chamber of Commerce director yesterday revealed he has been “tasked” with developing a National Workers Pension Fund in a bid to tackle The Bahamas’ looming retirement crisis.
Encountering Jesus
In the post-resurrection stories, people meet Jesus in different circumstances but the response is always the same. There is surprise and joy, mixed with a little fear at first. They experience living proof that He is alive.
Airlift model ‘debunked’ by 35% expansion rate
The 35 percent expansion in Nassau/Paradise Island airlift over the past 18 months has “debunked” a business model that “cost The Bahamas a fortune”, a Cabinet minister said yesterday.
