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Treasury admits breaching 75% wage deduction limit
The Government was yesterday urged to “curtail” civil servant salary deductions to no more than a combined 40 per cent of total income, after the Auditor-General rapped the Treasury for allowing the current 75 per cent limit to be breached.
Rolle 107th with disappointing 9-over-par 82
HAD it not been for double bogeys on four of her 18 holes, Bahamian flag bearer Georgette Rolle felt she would have been right in the mix of the 2016 Pure Silk Bahamas LPGA Golf Classic. Instead, she turned in a disappointing 9-over-par 82 that leaves her sitting in the 107th spot out of a field of 108 players.
Baha Mar puts first residences up for sale
BAHA Mar has launched its international campaign to advance the sale of the development’s luxury residences unveiling what it described as its “Limited Collection of Exclusive Private Residences in The Bahamian Riviera.”
Jones and Sun in WNBA Finals 'do or die' tonight
One final game to decide the 2019 WNBA title with both the Connecticut Sun and Washington Mystics looking to win their first championship in the history of their respective franchises.Game five is all set for 8pm tonight at the Entertainment and Spor
Compass Point owner 'speaks for 85% of us'
Compass Point’s owner is speaking for “85 percent of business persons in The Bahamas”, the DNA’s ex-leader asserted yesterday, adding: “I sympathise with him big time.” Branville McCartney told Tribune Business that Leigh Rodney’s decision to go pub
A chapter of disaster?
The Baha Mar bankruptcy order should be granted in the Bahamas to avoid a damaging dog-fight between creditors, Richard Coulson urges.
Customs inefficiency costing Gov't $66m
The Government is losing $66 million in revenues annually due to inefficiencies at Bahamas Customs alone, the situation also placing tourism industry profitability and foreign direct investment (FDI) inflows “at risk”.
Going for the gold
The Bahamas CARIFTA team is ready to win gold on home soil at this year’s 50th CARIFTA Games. Last week the team rolled out a full 80-member team for the first time in Bahamian history as athletes look to shine at The Bahamas’ record ninth hosting of CARIFTA.
VAT health claims change ‘may’ not happen April 1
The Government “may not” implement the new VAT treatment for medical insurance claims payouts by its April 1 target, it was revealed yesterday, with the decision hinging on a meeting with healthcare stakeholders later this week.
Web shop pay cut threat over anti-VAT demo
Island Luck employees were seemingly threatened with the loss of a day’s pay if they did not attend yesterday’s anti-VAT and gaming tax protest in Rawson Square.
THEY RAN BREANNA DOWN LIKE ANIMALS: Sister tells court how gang stabbed teen over $80 cellphone
THE older sister of teenage mother Breanna Mackey tearfully recounted yesterday how five girls who were supposed to be her sister’s friends ran her down “like a dog” in the street and brutally mobbed her over an $80 smartphone last year.
Bay Street sees 80% income loss extended longer
Eighty percent of the spending that kept Bay Street afloat has dried up via a cruise industry shutdown just extended to October 1, the Downtown Nassau Partnership’s (DNP) co-chair has revealed. Charles Klonaris told Tribune Business he does not fore
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.
QC Class of 1985 remember Frankie Simmons
IN memory of their deceased classmate Frankie Simmons, the class of 1985 of Queen’s College made a cheque presentation to the Freedom Farm Green Parrots to assist in their travel to the Perfect Game Tournament in Sandford, Florida.
December air arrivals hit 85% of pre-COVID levels
Air arrivals for December 2021 reached close to 85 percent of their pre-COVID levels, the Central Bank revealed yesterday, increasing almost four-fold compared to 2020 figures.
