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Attorneys: Real estate legal work down 90%
Two leading attorneys yesterday said real estate-related legal work in Freeport was down by “more than 90 per cent” compared to pre-recession levels, with an Albany or Baker’s Bay-style development vital to a market turnaround.
$110m collected in VAT in first three months
THE government has collected $110m in value added tax payments during the first three months of the year, Prime Minister Perry Christie told the House of Assembly yesterday.
Matthew gives Bahamas $300m reinsurance boost
The Bahamas Insurance Association’s (BIA) chairman has estimated that this nation will benefit from a $300 million foreign currency inflow from reinsurers as a result of Hurricane Matthew.
‘90 taxi plates are inactive’
THE Ministry of Transport and Housing has revealed some 90 taxi plates are inactive.
Bahamian engineers told to seek more foreign JVs
Bahamian companies should seek foreign joint venture partnerships to present a more “complete package” to Government when bidding on contracts, a leading Bahamian engineer said yesterday, suggesting this was an area where many were ‘falling down’.
Insurer’s $5m payout to boost equity return
A Bahamian insurer will “significantly reduce our cost of capital” by redeeming $5m in preference shares as it awaits regulatory approval to acquire an agency owned by one of its main shareholders.
Joaquin insurance loss stands at $14m
The Bahamian insurance industry is currently pegging gross losses caused by Hurricane Joaquin at $14 million, a sum equivalent to just 23 per cent of the initial $60 million damages estimate.
Eliminate VAT need via 70-80% tax compliance
The Tax Coalition’s co-chair has suggested that increasing tax compliance rates to 70-80 per cent under the existing system would eliminate the need for Value-Added Tax (VAT) or any other revenue reforms.
Ayton and Suns beat Nuggets, take 2-0 lead
Deandre Ayton has drawn two of the toughest individual assignments of any player in the NBA playoffs with the Los Angeles Lakers’ Anthony Davis in round one and the newly minted league MVP, Nikola Jokic of the Denver Nuggets, in round two.
Govt ‘strained’ by first non-profit bill
The Government would have placed increased “financial strain” upon itself had it gone through with the initial Non-Profit Organisations Bill version, sector representatives warned.
Burrows and Gibson post double doubles in head-to-head meeting
TWO teams headed in opposite directions - Shamar Burrows and the Dalhousie Tigers maintained their national ranking with a three-game winning streak while Qyemah Gibson and the St Mary’s Huskies lost their third game in a row.
Record win for Jones and Sun
Jonquel Jones posted her league leading 17th double double of the season and the Connecticut Sun set a new franchise record with their 13th consecutive win.
Jonquel Jones and Foxes win title
Jonquel Jones and the UMMC Ekaterinburg Foxes claimed their sixth FIBA EuroLeague Women’s title in club history.
Bamboo Shack takes 2-0 lead
THE Bamboo Shack Cybots took a 2-0 lead in the Bahamas Government Departmental Basketball Association’s championship series after winning the first two games over the Police Crimestoppers at the DW Davis Gymnasium over the weekend.
BFSB targets next generation progress
The Bahamas Financial Services Board (BFSB) is preparing to launch its latest human capital development initiative - The Bahamas Millennials Society, a networking and mentoring club of financial services industry ‘millennial’ workers.
Giants sweep Cleaners
THE Commonwealth Bank Giants, featuring a couple of new players, are now into the New Providence Basketball Association’s John Archer divisional championship series, thanks to a two-game sweep over the Double R Services Limited Cleaners in their first round playoffs.
Total private sector arrears show 2.3 per cent February decrease
TOTAL private sector loan arrears decreased by 2.3 per cent in February according to the Central Bank, with short-term (31-90 day) loan delinquencies falling by 8.7 per cent to $315.7 million.
‘Bad’ bank loans decline by $102m
Total commercial bank ‘bad loans’ fell by more than $100 million during the 2015 first half, although much more remains to be done to restore this key indicator to pre-recession levels.
New champions: Regulators rout Cybots 100-81 for title
It was a dominant performance over the course of the last three games of the series as the Mr Ship It Regulators unseated the two-time defending champions to take the New Providence Basketball Association Division I title.
Puerto Rico leads Caribbean Amateur Golf Championships
WHILE Puerto Rico continues to lead both the Hoerman Cup and George Teale Memorial Trophy for the 2016 Caribbean Amateur Golf Championships, the Bahamas still has some work to do to at least finish in the middle of the pack when the four-day event comes to a close today.
