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‘Nation builder’ retires from tourism role
AFTER more than 30 years of service in the tourism sector, Jeritzen Edwards-Outten has retired from the Ministry of Tourism in Grand Bahama.
Gov’t is urged to ‘clarify’ VAT data
The Government was yesterday urged to “clarify” its Value-Added Tax (VAT) collection statistics, a leading private sector executive acknowledging the progress but warning it was too early to “heap praises on ourselves”.
Chickcharney Challenge presents: The Revenge
AFTER the great success of the inaugural Chickcharney Challenge at Clifton Heritage Park last month, the organisers are returning earlier than they had ever imagined for “The Revenge” on April 12.
Insurance ‘confusion’ over first VAT returns
Large insurance industry players were caught up in “confusion” over whether it was necessary for them to complete Value-Added Tax (VAT) returns for January despite their ‘exempt’ status, Tribune Business was told yesterday.
BISX listee’s chief loses SEC lawsuit dismissal bid
A BISX-listed firm’s chief executive, and its main broker/dealer subsidiary, yesterday lost their bid to dismiss a US federal regulator’s lawsuit against them over an alleged $400 million fraud.
Sponsor sets sail once again with Family Island Regatta
FRESH from their sponsorship of the St. Valentine’s Massacre in Montagu Bay, the Bahamian Brewery and Beverage Company has announced their partnership with the organisers of the 62nd National Family Island Regatta that will be held in Georgetown, Exuma from April 21-25.
Financial accounting needed on PMH Critical Care Block
BEFORE the May 2012 elections, Prime Minister Hubert Ingraham toured the Princess Margaret Hospital’s state-of-the-art critical care unit, which by then was 95 per cent complete.
S&P ‘wants more’ from Gov’t on spending curbs
Standard & Poor’s (S&P) wants “more detail” from the Government on how it plans to curb its spending, its lead Bahamas analyst describing 2015 as “a pivotal year” for this nation and its economy.
VAT to hit CIBC operating costs
CIBC FirstCaribbean believes the factors that drove a 74.8 per cent first quarter profit increase will remain present throughout 2015, even though Value-Added Tax (VAT) will grow its Bahamian subsidiary’s operating expenses.
Bank unable to recover 95% of VAT ‘inputs’
Commonwealth Bank yesterday predicted it would be unable to recover 95 per cent of its Value-Added Tax (VAT) input payments, given that ‘exempt’ revenue streams form the bulk of its income.
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.
‘Sailing Barber’ Johnson: It was the biggest event I ever had
DESPITE watching his Campari Lady in Red, Lady Nathalie get caught by two boats during the St Valentine’s Day Massacre, Eleazor ‘the Sailing Barber’ Johnson still left Montagu Bay over the weekend smiling from ear to ear.
Awards for ‘Catch Me If You Can’ regatta winners
AFTER hosting what was considered the biggest St Valentine’s Day ‘Catch Me If You Can’ Regatta in the 28th year of its existence, it was time for Eleazor ‘the Sailing Barber’ Johnson to make the presentation to the winners.
51st Heart Ball is ‘a great success’
THE 51st annual Heart Ball proved to be a smashing success, providing guests with an evening of glitz and glamour, while also fulfilling the purpose of raising funds to help children who need urgent heart care.
It’s no joke defending Bahamian sporting pride
EVEN though we don’t celebrate Black History Month like our neighbours to the north in the good old USA, we’ve had many Bahamians contribute in their own way to writing black history throughout the States, especially in sports.
‘It doesn’t jive’: Gov’t spending outpaces revenue
THE Government’s recurrent spending continued to grow at a faster rate than revenues during the 2014-2015 Budget year’s first half, with the Opposition yesterday arguing that the Prime Minister’s optimism “doesn’t jive” with the fiscal reality.
Atlantis team to the fore in Ride for Hope
Atlantis employees braved the chilly start and mid-morning rain to make up one of the largest corporate teams in the annual Ride for Hope, cycling a range of distances, earlier this month.
‘Ed Sky’ wins on Valentine’s
In memory of the late Edgar Moxey, who was buried last week, Ed Sky was the first of two boats to catch the Campari Lady Nathalie en route to winning her first major regatta.
‘Far too premature’ for PM to claim VAT success
A well-known businessman yesterday said it was “far too premature” for the Prime Minister to boast about Value-Added Tax (VAT) being successful, accusing him of “gloating” over the hundreds of millions of dollars the tax will suck out of the Bahamian economy.
Gov’t targets ‘balanced Budget’ until end-June
The Government is targeting a near-balanced Budget for the fiscal year’s second half, a target that one private sector executive yesterday described as “very ambitious”.
