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No ‘substance’ to private wealth fear
Private wealth management structures “ought not to” be impacted by The Bahamas’ physical presence response to global anti-tax evasion initiatives, the deputy prime minister said yesterday.
BOB chair: ‘Peanut’ profits make dividend premature
Bank of The Bahamas (BOB) chairman says it is “premature” to discuss resuming ordinary shareholder dividend payments when profits to-date have been “kind of peanuts”.
Jazz Chisholm signs with Roc Nation Sports
FOLLOWING what many pundits considered a breakout season in the minor leagues, Jazz Chisholm signed with one of the fastest rising sports agencies in America.
BOB ‘reputation’ boost from $15m repayment
Bank of The Bahamas believes it will boost its “reputation and creditworthiness” by repaying its last $15m in preference share debt, and declaring an interest dividend, before year-end 2018.
NAD cuts losses 70% before $130m refinance
Nassau’s airport operator has slashed annual losses by almost 70 percent ahead of its upcoming $130m debt refinancing that is due to be placed before Christmas.
NPBA: Eagles Nest and Rockets in the win column
THE Leno Eagles Nest and the Discount Distributors Rockets emerged victorious in the two New Providence Basketball Association games at the AF Adderley Gymnasium on Monday night.
Arawak port bulks up as autos fall off
A 59,000 ton increase in bulk aggregate imports, combined with a $109,000 year-over-year expenses decline, enabled the Arawak Cay port’s operator to beat profit targets by nine percent.
VAT hike to offset WTO tariff slashes
The Deputy Prime Minister yesterday confirmed that the VAT rate increase’s medium-term goal is to offset revenue loss stemming from WTO-related import tariff cuts.
Chamber blasts ‘unfair’ sugary drinks NHI tax
The Government’s plan to part-finance National Health Insurance (NHI) by singling out “sugary drinks” was yesterday blasted as “unfair”, amid calls for such “sin taxes” to be more widely based.
Union tells govt: Protect BTC value for future sale
The Bahamas Telecommunications Company’s (BTC) line staff union has urged the Government to protect the value of its shareholding and commit to selling this to Bahamian investors.
Chamber blasts 'unfair' sugary drinks NHI tax
The Government’s plan to part-finance National Health Insurance (NHI) by singling out “sugary drinks” was yesterday blasted as “unfair”, amid calls for such “sin taxes” to be more widely based.The Bahamas Chamber of Commerce and Employers Confederati
Union tells govt: Protect BTC value for future sale
The Bahamas Telecommunications Company’s (BTC) line staff union has urged the Government to protect the value of its shareholding and commit to selling this to Bahamian investors.Dino Rolle, the Bahamas Communications and Public Officers Union’s (BCP
The time is now
1. The now is here
Central Bank: Less Govt leanding to slash liquidity
THE Central Bank will gradually reduce its lending to the Government to help address the potential risk posed by $1.737bn in excess commercial bank liquidity, its governor has revealed.
Deficit overshoots DPM’s final prediction by $105m
The Government’s 2017-2018 fiscal deficit overshot the deputy prime minister’s year-end forecast by $105m due to a late spending “ramp up”, a top official admitted yesterday.
Govt pledges no more VAT hikes before election
The Government yesterday pledged there will be no further value-added tax (VAT) hikes before the next election, with the 12 percent rate deemed sufficient to achieve its revenue goals.
Bank beats $25m loan growth goal with ease
Fidelity Bank (Bahamas) yesterday said it is on course to increase full-year profits by ten percent after beating its $25m loan book growth target in just nine months.
'Stealth' corporate tax fear on licence fee regulations
The Ministry of Finance’s top official yesterday “categorically rejected” fears that the new business licence regulations are the first step towards implementing a corporate income tax regime.Marlon Johnson, the financial secretary, told Tribune Busi
Eagles finish showcase undefeated
THE Georgia Southern Eagles left the Islands of the Bahamas Showcase with their undefeated record intact.
BISX-listed fund targets 40% profit boost from rental
The BISX-listed Bahamas Property Fund is predicting a 40 percent net profit boost from the $455,000 annual lease of office space that will have been empty for more than one year.Michael Anderson, the Property Fund’s administrator, told Tribune Busine
