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NPBA: Giants continue undefeated streak in Division I
THE Commonwealth Bank Giants continued their undefeated streak in Division I while the Asphalt Maintenance Pirates have won three in a row in Division II in NPBA play Tuesday night.
Gov’t ‘exhausts’ 95% of deficit projection
The Government used up 95 per cent of its projected 2015-2016 full-year deficit within the first five months, the Chamber’s chairman arguing this shows the Bahamas cannot escape its fiscal predicament via new taxes alone.
‘They wanted Gov’t to buy the Grand Lucayan twice’
The Grand Lucayan’s ex-chairman yesterday said the Government would “effectively have been buying the hotel a second time” had it agreed to Royal Caribbean and ITM Group’s demand it finance 95 percent of the $50m purchase price.
Stella Maris already at 80% Christmas occupancy
Long Island’s Stella Maris resort is already posting 80 per cent occupancy levels for the Christmas/New Year holidays, its general manager saying that apart from cut-off tree stumps “no visitor would realise a hurricane came through here”.
CLUBS AND SOCIETIES 10/09/2015
Cycling Club Bahamas. - Upcoming events:
Super Value to collect $20-$25m VAT for Gov’t
Super Value’s owner yesterday said he expects to collect $20-$25 million in Value-Added Tax (VAT) for the Government this year, while warning that much more consumer education is required.
$20m dividend to double Gov’t’s BTC return in 12 months
THE Bahamas Telecommunications Company (BTC) has almost doubled the Government’s return on its 49 per cent minority stake in 12 months, its chief executive yesterday saying the company was forecast to pay the Christie administration a further $20 million in dividends this year.
Lot prices 'prohibitive' via 20-30% infrastructure costs
INFRASTRUCTURE prices related to housing developments must be addressed, a well-known contractor telling Tribune Business y
Grand Lucayan sale offers tourism rebirth
The potential rebirth of Grand Bahama’s hotel product moved a step closer yesterday as the 409-acre Grand Lucayan resort was placed on the auction block, an adviser saying: “It’s the right time and place to come to market.”
FNM deputy: $20m ‘down tubes’ over Junkanoo Carnival
The FNM’s deputy leader yesterday charged that almost $20 million in taxpayer monies has “gone down the tubes”, amid increasing evidence that Bahamas Junkanoo Carnival cannot be sustained without government subsidies.
29% auto sales rise 'not true market reflection'
29% auto sales rise 'not true market reflection' By NEIL HARTNELL Tribune Business Editor The 29 per cent year-over-year new car sales increase for the first two months of 2012 is "not a true reflection" of the anemic overall market, two Bahamas Motor D
29% auto sales rise 'not true market reflection'
29% auto sales rise 'not true market reflection' By NEIL HARTNELL Tribune Business Editor The 29 per cent year-over-year new car sales increase for the first two months of 2012 is "not a true reflection" of the anemic overall market, two Bahamas Motor D
KPMG says Gov’t spending ‘far greater than needed’
The Government’s $1.823 billion recurrent spending Budget is “far greater than it should be” when set against the services it is delivering to the Bahamian people, a top accounting firm is arguing.
‘Polluter must pay’ says minister after fuel spill
ENVIRONMENT and Natural Resources Minister Vaughn Miller yesterday would not say whether negligence played a role in last week’s oil spill at Exuma.
10 murders on Grand Bahama as crime falls by 10%
CRIME is down 10 percent in Grand Bahama, Police Commissioner Anthony Ferguson reported yesterday. Of the 95 murders police recorded in 2019, Commissioner Ferguson said 10 occurred in Grand Bahama; two each in Abaco and Bimini, and one in Eleuthera.
$10m spent on 'miraculous transformation' of garbage site
TIMOTHY Hodge met a putrid scent and 95 acres of open garbage when he arrived at the city dump a year ago, the byproduct of years of mismanagement.Yesterday he led Prime Minister Dr Hubert Minnis on a tour of the revamped site, now called the New Pro
Investor group eyeing $20-$30m water sales
Investor group eyeing $20-$30m water sales By NEIL HARTNELL Tribune Business Editor The investor group that acquired the former Bacardi plant believes its ECH2O bottled water brand can generate $20-$30 million in annual sales in five to six years time,
15 per cent reduction in duty collection costs eyed by 2017
A 15 per cent reduction in the Government’s import duty collection costs is being targeted over the next five years, along with increasing the proportion of taxes/duties paid electronically from zero to 80 per cent.
Cable predicting 130% profit growth to 2018
Cable Bahamas is forecasting that net income will increase by 130 per cent over the next five years as a result of its Florida expansion, with its US interests ultimately accounting for one-third of its bottom line.
Sports Notes
THE Brajaxba Tennis is scheduled to host it’=s annual Family Fun Day on Saturday, May 20 at the Gym Tennis Club in Wonton Meadows. All tennis players are invited to out and support the event by playing in the tournament, which will feature players from 5-year-old to 60-plus.
