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Bahamas' corporate tax world's most 'corrosive'
The Bahamas yesterday received no credit for laws said to have raised compliance costs by 75-80 percent after its corporate tax policies were rated as the world’s most “corrosive”.
BISX: 50/50 buyer-seller ratio 'damn good market improvement'
The Bahamas International Securities Exchange’s (BISX) chief executive believes a “damn good improvement” is occurring in the stock market, with the buyers-to-sellers ratio now standing at 50/50 after deteriorating to 20/80 at the recession’s peak.
City Markets staff fight' must not happen again'
The City Markets debacle “must never, ever happen in this country again”, a representative for 350-400 of its former employees yesterday saying they would not accept “less than 80 per cent” of the severance pay due to them.
$80m energy project eyes 25% cost slash
An $80 million renewable energy project believes it could slash electricity costs for consumers on 15 Family Islands by at least 25 per cent, having met or exceeded the Government's own pricing targets.
'Exorbitant' Business Licences make one-time payments impossible
Super Value’s owner yesterday said it was impossible for the food retail industry to pay the new “exorbitantly high” Business Licence fees one-time, as he dismissed claims he was ‘bullying’ the Government over its Value-Added Tax (VAT) proposals.
Cable adviser scoldsmanagers on US$ miss
Cable Bahamas’s financial adviser yesterday expressed “disappointment” that institutional asset managers had failed to deliver on indications they would place between $10-$18 million US dollars into the company’s private placement, having invested a paltry $100,000 to-date.
Knicks rally to beat Buddy Hield and Pacers for 7th straight victory
INDIANAPOLIS (AP) — Jalen Brunson scored 30 points, Julius Randle made six free throws in the final minute and the New York Knicks beat the Indiana Pacers 109-106 yesterday for their NBA-best seventh consecutive victory. The 19th and final lead change came in the final minute, when Randle made two foul shots with 45.6 seconds remaining for a 105-104 lead. After the teams exchanged turnovers, Randle hit four more free throws in the final two possessions. The Pacers missed a shot from just inside half-court at the buzzer. Buddy Hield and Aaron Nesmith each had 23 points for Indiana. Tyrese Haliburton and Bennedict Haliburton each added 15.
Sports notes
THE Mail Boat Cybots were the first team to advance out of the New Providence Basketball Association’s first round playoffs.
Timeshare resort seeking a buyer
A Freeport timeshare resort that has lost 80 per cent of its business due to loss of amenities and access associated with the Royal Oasis saga is seeking a buyer, while committing to staying open through 2016.
Cable targets largest ‘new money’ raise
The $60 million Bahamian dollar component of Cable Bahamas’ latest preference share issue will be the largest ‘new money’ placement by a private company if fully subscribed, its financial advisor saying there had been “a very positive response” by investors.
UPDATED: Swimmer's record challenge
ARMED with only goggles, a swim cap and swim suit, Chloe McCardel yesterday morning set out on her world record-breaking attempt to swim the 80 miles from the southern tip of Eleuthera to New Providence.
BTC targets Internet lead with 90% fibre coverage
The Bahamas Telecommunications Company (BTC) is aiming to cover 90 percent of New Providence with its new fibre network within the next nine months as it placed broadband Internet at the core of yesterday's corporate rebranding.
Baha Mar hotel's rates are 'not good enough'
The Nassau Wyndham Resort’s “mid-$90s” room rates are “not good enough” and between 23-30 per cent below where they need to be, a Baha Mar executive yesterday conceding that the guest experience was being impacted by construction work on the $2.6 billion Cable Beach expansion.
PM urged to ‘exercise Christian charity’
FORMER Minister of Labour Dion Foulkes yesterday appealed to Prime Minister Perry Christie to ‘exercise Christian charity’ and reinstate the 80 Urban Renewal workers whose contracts were not renewed.
City Markets staff allege 'conspiracy'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Ten Grand Bahama-based City Markets employees are alleging that the company and its principals deliberately altered their employment terms to "coerce and compel" them to leave volun
Let's talk about Arawak, why not Clifton?
Let's talk about Arawak, why not Clifton? "LET'S TALK about the new container port at Arawak Cay," was Opposition leader Perry Christie's invitation to his supporters at Clifford Park Friday night. In this column today, we shall take Mr Christie up on hi
City Markets staff allege 'conspiracy'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Ten Grand Bahama-based City Markets employees are alleging that the company and its principals deliberately altered their employment terms to "coerce and compel" them to leave volun
Gov’t yet to decide over Abaco ports
A CABINET minister yesterday said the Government has yet to make a final decision on the two proposals it received to operate and manage North Abaco’s port.
Bahamas First: Top rating more vital ‘than ever’
Bahamas First said yesterday’s affirmation of its “excellent” financial strength by the top insurance rating agency was likely the most important ranking in its recent history, due to its $80 million Hurricane Matthew payout.
THE ART OF GRAPHIX: Advertising your message correctly
What is it that makes a good advertisement? Is it the pictures and video? Is it what is written or said? Is it the creative elements that cause you to feel something after you have been exposed to it?
