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Bank unable to recover 95% of VAT ‘inputs’
Commonwealth Bank yesterday predicted it would be unable to recover 95 per cent of its Value-Added Tax (VAT) input payments, given that ‘exempt’ revenue streams form the bulk of its income.
Timeshare resort seeking a buyer
A Freeport timeshare resort that has lost 80 per cent of its business due to loss of amenities and access associated with the Royal Oasis saga is seeking a buyer, while committing to staying open through 2016.
Cable targets largest ‘new money’ raise
The $60 million Bahamian dollar component of Cable Bahamas’ latest preference share issue will be the largest ‘new money’ placement by a private company if fully subscribed, its financial advisor saying there had been “a very positive response” by investors.
UPDATED: Swimmer's record challenge
ARMED with only goggles, a swim cap and swim suit, Chloe McCardel yesterday morning set out on her world record-breaking attempt to swim the 80 miles from the southern tip of Eleuthera to New Providence.
PM urged to ‘exercise Christian charity’
FORMER Minister of Labour Dion Foulkes yesterday appealed to Prime Minister Perry Christie to ‘exercise Christian charity’ and reinstate the 80 Urban Renewal workers whose contracts were not renewed.
Let's talk about Arawak, why not Clifton?
Let's talk about Arawak, why not Clifton? "LET'S TALK about the new container port at Arawak Cay," was Opposition leader Perry Christie's invitation to his supporters at Clifford Park Friday night. In this column today, we shall take Mr Christie up on hi
Gov’t yet to decide over Abaco ports
A CABINET minister yesterday said the Government has yet to make a final decision on the two proposals it received to operate and manage North Abaco’s port.
Bahamas First: Top rating more vital ‘than ever’
Bahamas First said yesterday’s affirmation of its “excellent” financial strength by the top insurance rating agency was likely the most important ranking in its recent history, due to its $80 million Hurricane Matthew payout.
‘FOOD AID VITAL FOR SIX MORE MONTHS’: Network boss warns thousands still need help as cut-off nears
BAHAMAS Feeding Network Executive Director Phillip Smith said he hopes the government will invest another $26m in the National Food Distribution Task Force’s programme so that the initiative could be extended to the end of September.
Freeport economy
Perhaps in a move to get under the skin of the Free National Movement administration that sacked him from the Hotel Corporation in 2018, the outspoken Pineridge MP Frederick McAlpine tabled a private Bill for an Act to repeal the Ocean Industries Incorporated (Aragonite Mining Encouragement) 1971 in the House of Assembly in early December 2020.
Web shops ‘taking advantage of workers’
THAT Island Luck employees were seemingly threatened with a loss of pay if they failed to attend Thursday’s protest is a “blatant, naked attempt to take advantage of poor people”, Tourism and Aviation Minister Dionisio D’Aguilar said yesterday.
Training stepped up to minimise police shootings
NATIONAL Security Minister Marvin Dames yesterday confirmed police were working to establish intermediate use of force standards that would regulate police response when facing perceived threats.Use of force standards dictate how much force can be us
Bastian invited to showcase
After missing out on his first opportunity to secure a major division one basketball scholarship, Lathaniel Bastian is hoping that his dream comes true this time around.
Tributes to sculptor and artist Stephen G E Burrows
PROMINENT Bahamian sculptor and artist Stephen G E Burrows, who dedicated his life to the culture of art in public spaces, has passed away.The 80-year-old was the first Bahamian steel and metal artist to have his artistry publicly showcased throughou
Childhood obesity sparks drinks ban
THE Ministry of Health will ban the sale of sugary drinks from all of its nearly 80 nationwide institutions, Health Minister Dr Duane Sands said yesterday.
Donte’s junior career ends with a bang in semi-final
IT wasn’t the final that Donte Armbrister anticipated, but he will put a cap on his junior career with a semi-final appearance in the Bahamas Lawn Tennis Association’s hosting of the International Tennis Federation’s Goombay Splash International Tournament.
Union leader predicts Morton Salt re-hiring
A UNION leader yesterday predicted said Morton Salt might have to rehire some of the 24 workers it terminated last month on the basis that the salt harvester is now too “short staffed”.
‘Serious money’ need for renewable energy
The Bahamas needs “serious money” to reverse a “less than mediocre” renewable energy performance that has been “trumpted as ‘big strides’”, an industry executive is arguing.
INSIGHT: What do Bahamians know about cllimate change?
INTERNATIONAL experts consider The Bahamas to be one of the most vulnerable countries in the world to climate change, but what do Bahamians know about this issue?
Blue Hills plant needed to keep power on- but that means higher bills until October
CONSUMERS will have to wait until October to see a reduction in their increased electricity bills, according to Bahamas Electrical Workers Union President Paul Maynard.In an interview with The Tribune on Wednesday, Mr Maynard said high summer tempera
