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SPORTING MISCHIEF & MAYHEM: The perfect recipe for a Thanksgiving sports feast
WE Bahamians love us some Thanksgiving and, despite it not being an officially recognised holiday as it is in the USA, we follow suit in every other way.
Top negotiator: WTO 'won't hurt' this economy
The Bahamas’ newly-appointed chief negotiator yesterday pledged this nation “cannot join the WTO on terms that injure” its economy or any major industries.Zhivargo Laing, pictured, who replaces Raymond Winder, sought to reassure the private sector an
Union chief hits BTC's 'dismal performance' post privatisation
The head of BTC’s line staff union yesterday blasted the company’s “dismal performance” post-privatisation, while giving it an “A” grade for cost-cutting and staff lay-offs.Bernard Evans, pictured, the Bahamas Communications and Public Officers Union
STATESIDE: Supreme Court plays both sides of the table
With all the furore over the first Democratic candidates debates and President Trump determined to interject himself into today’s Washington DC Fourth of July extravaganza, the American Supreme Court has been mostly pushed off the front pages.
Kobe Bryant's death leaves NBA players, others in shock
NEW YORK (AP) — Kobe Bryant authored some of his most memorable moments at Madison Square Garden and made himself a centrepiece of the Lakers-Celtics rivalry. Bryant was remembered for that and so much more yesterday after the five-time NBA champion
John Bull firing 'beyond the pale'
A Court of Appeal judge has ruled that John Bull went “beyond the pale” in firing a 14-year veteran store manager for drinking champagne at a promotional event staged by the company. Sir Michael Barnett found that the Bahamian luxury goods and offic
$50m target for RF private equity fund
A Bahamian investment bank yesterday revealed it is launching a private equity fund that aims to raise up to $50m over the next three-five years for “investments in possibilities” post-COVID.
Bahamas ‘like boxer with hand tied its behind back’
The Bahamas is “like a boxer with one hand tied behind its back” because it has failed to determine the true value of the Government’s multiple assets, a prominent banker argued yesterday.
Doctors in COVID testing expansion
Doctors Hospital is aiming to expand its COVID-19 testing sites to southern New Providence after its newly-opened British Colonial Hilton location hit a “3,000 run rate within the first week”.
Cable: $442m debt slash top 'priority'
Cable Bahamas’ chief executive yesterday pledged that slashing the company’s $442m debt and “reinstating” shareholder dividends are among the top priorities in its new financial year. Franklyn Butler, in an interview with Tribune Business, said the
Private equity venture eyes ‘$100m-$200m opportunities’
A BISX-listed firm yesterday said its newly-created venture capital subsidiary can exploit “over $100m to $200m in opportunities” provided by Bahamian companies that need reinvigorating.
INSIGHT: A bad investment - don’t you believe it
The Cable Bahamas (CAB) share price quoted on BISX has suffered a stunning fall of almost 40% in the last 18 months, from $6.50 to $4.00. EPS (earnings per share) dropped from $0.28 in 2014 to a loss of ($0.38) in 2017, and last year quarterly dividends on the ordinary shares were indefinitely suspended.
IDB: Bahamas 'poses very unique challenge'
A multilateral lender says the Bahamas “poses a unique challenge” for it, with surface-level wealth “masking significant income inequality” where almost half of those living in poverty are the ‘working poor’.The Inter-American Development Bank, in a
Banking limitations restrict BISX model for crowdfunding
Banking system limitations are restricting the Bahamas International Securities Exchange’s (BISX) development of crowdfunding and small business listing platforms, its chief executive has revealed.Keith Davies, in a recent interview with Tribune Busi
Gov’t eyes $140m ‘accrual’ over corporate income tax
The Government is exploring how Bahamas-based companies that will pay the new 15 percent corporate income tax can “accrue” a projected $140m in revenues before the enabling laws are enacted.
IMF calls for Bahamas corporate income tax
The International Monetary Fund (IMF) yesterday warned it was “imperative” for the Bahamas to quickly reduce a national debt-to-GDP ratio that is on course to strike 76 per cent by 2016-2017, having urged the Government to introduce a corporate income tax.
Kalik exports fall 20% as 'less competitive'
Kalik exports “are becoming less competitive” due to the Bahamian economy’s high operating costs, Commonwealth Brewery’s managing director revealed yesterday, with revenues from the US market down 20.4 per cent year-over-year.
IRS seeks details on Butterfield accounts
Butterfield Bank (Bahamas) chairman yesterday described as “complete news to me” the Internal Revenue Service’s (IRS) probe into alleged tax evasion using accounts at the bank and its regional affiliates.
Payroll tax to have 1/5 of VAT inflation impact
A 5 per cent payroll tax would have just ‘one-fifth’ of Value-Added Tax’s (VAT) price inflation impact, a leading businessman suggesting it would protect consumers and “not throw the economy into recession”.
BEC generation IPO 'within 36 months' of deal
An initial public offering (IPO) of shares in the Bahamas Electricity Corporation’s (BEC) generation business will occur “within 36 months” of its part-privatisation, Tribune Business can disclose.
