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5% rise in food assistance to help offset 7.5% rate of VAT

PERSONS receiving food assistance from the Department of Social Services should soon see an increase of as much as five per cent in benefits to offset the introduction of value added tax, Social Services Minister Melanie Griffin said.

Sterling Financial acquires New Providence-based project

The Nassau-based Sterling Financial Group has launched its New Providence Opportunity Fund, while also acquiring the Ocean Terrace real estate development in the western part of the island.

Govt stance on tax breaks ‘perplexing’ says Lowe

A NOTED ‘fiscal hawk’ yesterday questioned the Government’s decision to provide tax breaks to some industries to while not giving similar treatment to others that could also benefit, describing it as “a bit perplexing”.

Gas prices on the way down ‘for first quarter’

THE vice president of the Bahamas Petroleum Dealers Association said gas prices are trending downwards, something he expects to continue leading into the first quarter of the new year.

Bahamas ‘red hot’ with $39.5m listing

A real estate executive yesterday said The Bahamas’ high-end market will remain “red hot” for some time as he lists a $39.5m family residence in Old Fort Bay that is generating a “record” amount of interest.

OTABOR WINS GOLD IN JAVELIN: Team Bahamas nets three silver medals

The Bahamas will return home from the inaugural Caribbean Games in Baie-Mahault, Guadeloupe, with a total of four medals, inclusive of a gold from strongwoman Rhema Otabor and three silver from quarter-miler Megan Moss, hurdler Oscar Smith and judoka Daniel Strachan.

Junior boys suffer third straight loss

FIBA UNDER-15 CENTROBASKET CHAMPIONSHIPS

THE Bahamas junior boys’ basketball team suffered their third straight loss at the FIBA Under- 15 CentroBasket Championships in Puerto Rico.

Women's national volleyball team to face USVI

THE Bahamas looks to continue its takeover of the the US Virgin Islands on the volleyball court as the women’s national team attempts to follow the men’s success.

Baha Mar 'very encouraged' by interest generated from upscale London launch

THE London launch of the $2.6 billion Baha Mar project's 303 luxury residences has generated significant interest, a senior executive said yesterday, telling Tribune Business: "We were very encouraged."

Wednesday targeted for City Market close

CITY Markets principal has told Tribune Business that a deal to sell the supermarket chain's remaining four stores to Super Value had been finalised, adding that attorneys still sorting out the paperwork had suggested it might close on Wednesday.

Survey: It's neck-and-neck in Elizabeth

SUPPORT for both major political parties in Elizabeth is closely matched, according to a new survey, which puts candidates Dr Duane Sands and R

Union: City Markets behind over payroll

Union: City Markets behind over payroll By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE union representing City Markets workers has said it would welcome the sale of the struggling food store chain if it meant saving jobs, o

PM urges five more years

ANOTHER five years in office for the Free National Movement would mean further social, economic and infrastructural advancements, Prime Minister Hubert Ingraham said. Revealing the party's Manifesto 2012-2017 pl

Bahamian accountant calls for Caribbean united front

A Bahamian accountant has called on the Caribbean to adopt a united front over how mandatory environment, social and governance (ESG) reporting standards will be embraced in regional laws and regulations.

Net 4,500 public service increase since May 2012

An estimated 2,500 persons in the public service stand to be regularised, according to Labour Minister Shane Gibson, with some workers having been kept in ‘temporary’ status for 23 years.

PM says claim of son’s pay is ‘crazy’

PRIME Minister Perry Christie yesterday denied allegations printed in a local tabloid that his son was allegedly paid millions of dollars in realtor commission fees over the sale of the British Colonial Hilton Hotel to China Construction America (CCA).

The Tribune

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