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DIANE PHILLIPS: A bit of common sense and we can unleash at least one economic tiger

This is one of those good news, bad news stories. The difference in this one is the bad news has an easy fix. Here’s how the story begins.

Insurer expands to US Virgin islands

A Bahamian insurer has expanded into the US Virgin Islands (USVI) to further its goal of reducing reliance on this nation to just 60 percent of its total business portfolio.Anton Saunders, RoyalStar Assurance’s managing director, told Tribune Busines

Armbrister wins the doubles title, Clarke falls short

IT wasn't what Sydney Clarke, nursing a thumb injury, anticipated after she fell short of winning another title in the finals of both singles and doubles at the International Tennis Federation's Trinidad Summer Bowl.

Minister: Investors only ‘prefer’ short term Gov’t bonds

A Cabinet minister yesterday conceded that Bahamian investors are only interested in short-term government debt after a one-year issue was oversubscribed by 14 percent.

Super Value’s solar roll-out eyes 60% energy bill slash

Super Value’s principal yesterday revealed the supermarket chain is aiming to slash its energy bill by “60 percent or better” through installing solar power at all its stores by summer 2022.

Fidelity’s ‘ace in hole’ on $25m profit target

A BISX-listed bank has an “ace in the hole” when it comes to hitting its $25m profits target for 2022, its top executive revealed 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.

MAGIC C DWIGHT HOWARD FORMALLY REQUESTS TRADE

By KYLE HIGHTOWER Associated Press ORLANDO, Florida (AP) -- When Magic star Dwight Howard signed a contract extension in 2007, he joked that he and Mickey Mouse would be in Orlando forever. Now Howard wants out, putting one of the NBA's most dominant big

Bank 'slightly off' $3m profit target

Bank of the Bahamas yesterday said it was “slightly off expectations” of a $3 million half-year profit, largely due to a 189 per cent year-over-year increase in loan loss provisioning.

College hosts debate on VAT

A BUSINESSMAN called for more taxes for the wealthy - including himself - during a meeting at the College of the Bahamas to discuss the Value Added Tax proposed by government.

VAT ‘Death sentence’ fear for new housing projects

The Government’s proposal to make residential real estate sales ‘exempt’ from Value-Added Tax (VAT) could have “very serious” implications for property developers, Tribune Business was told yesterday, one describing it as “a death sentence”.

BREA chief 'on Cloud Nine' over pre-approval

The Bahamas Real Estate Association’s (BREA) president yesterday described his members as being “on Cloud Nine”, after the Government unveiled a process to ‘pre-approve’ first-time home buyers for the Stamp Duty exemption.

9,000 jobs lost under 15% VAT

The initial 15 per cent Value-Added Tax (VAT) would have “eliminated” 9,000 Bahamian jobs and caused a $380 million drop in tourism sales in 2015, an industry study estimated.

Bahamas faces ‘new frontier’ over tax information exchange

The Bahamian financial services sector was yesterday said by an ex-Cabinet minister to be facing another “new frontier”, this time the Organisation for Economic Co-operation and Development’s (OECD) Common Reporting Standard.

FNM deputy fears Carnival ‘big party but finance failure’

The Free National Movement’s (FNM) deputy leader has warned that next year’s Bahamas Junkanoo Carnival will be another “big party but economic failure”, unless the organising committee gets an “urgent jump start”.

Exuma Chamber chief wants ‘real FDI partnerships’

Foreign direct investment (FDI) project must go beyond job creation to provide meaningful partnerships with the local community for true economic empowerment, the Exuma Chamber of Commerce president yesterday arguing that this

Popeyes Bahamas Bowl TV ratings continue to improve

THE Popeyes Bahamas Bowl has been the subject of much scrutiny and sparked dialogue in regard to fan attendance at the Thomas A Robinson Stadium. However, the television ratings continue to improve.

Bahamas 400m trio reach world semi-finals, Ferguson misses out in women's 100m

ALL three Bahamian competitors advanced from the first round of the highly competitive men's 400m at the IAAF World Championships on Sunday, but sprinter Sheniqua 'Q' Ferguson missed out on her opportunity to progress in an even more exciting women's 100m.

Expert educators to visit the Bahamas next year

THE Alumni Associations of the College of Saint Benedict and Saint John’s University in The Bahamas has announced that Michael Hemesath, president of Saint John’s University and Mary Hinton, the newly-appointed president of the College of Saint Benedict will visit The Bahamas early next year.

Auto dealers: Numerous VAT questions unanswered

BAHAMIAN auto dealers are still pushing for 11th hour Value-Added Tax (VAT) concessions, with the sector still raising numerous unresolved issues just two weeks prior to implementation.

The Tribune

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