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Halkitis denies claims over PLP travel budget

MICHAEL Halkitis, former State Minister for Finance, denies Financial Secretary Marlon Johnson’s remarks that the Christie administration understated its travel budget.In a statement released yesterday, Mr Halkitis said Mr Johnson’s remarks were “mat

Arawak chair 'prays' for late reversal on real estate taxation

Arawak Homes’ chairman yesterday said he is “praying” that the Government will reverse course at the last minute on a “material dampener” for real estate and all related industries.Sir Franklyn Wilson told Tribune Business that the move to treat real

Baseball Nationals: Decision made on the final outcome

RATHER than playing it out on the field, the Bahamas Baseball Association decided to go to the rules book to decide the final outcome of the remaining games not completed in the Andre Rodgers National Baseball Championships that was held over the wee

Robinson’s pay

BAIN and Grants Town MP Travis Robinson’s decision to vote against the Free National Movement’s (FNM) VAT Amendment Bill in order to please his Over-the-Hill constituents came at a hefty price tag. Robinson argued that a 12 percent VAT would be too onerous on his poverty stricken constituents.

Small businesses urged: Delay lay-offs to October

Small businesses were yesterday urged to delay lay-offs until October, a sector consultant revealing over one-third of his clients are eyeing immediate cutbacks amid VAT-related “panic”.Mark A Turnquest told Tribune Business that while start-ups need

Retailers given until end-august for VAT pricing adjustments

Bahamian retailers have until August 31 to adjust prices for the 12 percent VAT, with top government officials yesterday expressing confidence that the transition will “not disrupt” commerce.Marlon Johnson, the Ministry of Finance’s acting financial

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WORLD CUP: Spain and Portugal qualify in thrilling climax to Group B

(Mirror.co.uk) Portugal qualified for the round of 16 at the World Cup despite being held 1-1 by Iran in World Cup Group B on Monday after Cristiano Ronaldo missed a penalty.

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INSIGHT: When the rubber meets the road

AS Bahamians continue to wrap their minds around the dramatic increase in what was already one of the highest costs of living in the world, the outlook is daunting. The government, unabashed by dissenting views inside and outside Cabinet, has shot do

Top RBC executive says Bahamas' 'mojo' returns

THE Bahamas is getting its “mojo” back, according to Royal Bank of Canada’s (RBC) top Caribbean executive, who said: “We’re excited about The Bahamas’ prospects.”Speaking at RBC’s recent Client Service Centre launch, Rob Johnston added: “We are commi

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WORLD CUP: Kane scores hat-trick as England beat Panama 6-1

England roared past a physical Panama side and bared their own teeth with a 6-1 decimation of the Central Americans in Nizhny Novgorod. The Three Lions made light of the 31 degree heat and the physicality of their opponents by scoring more than four goals in a World Cup finals match for the first time.

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Manta wings back to the sea

AS part of their renowned release and research programme, a team of 20 marine aquarists at Atlantis, Paradise Island resort successfully completed the transfer of a 700+ pound manta ray (measured at a final wingspan of 11.4 feet) named Leyley from th

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BUSINESS BITES: The Budget catastrophe belongs to the PM

Woe unto us! A little over a year ago we elected a new Government that would lead us into a land flowing with biblical milk and honey. Instead, we are left, like Job, to repent in dust and ashes. In its most basic function, creating the budget that controls our economy, Dr Minnis’ FNM party, with nearly 90 percent of House seats, has managed to lose the faith of its citizens.

Bahamas' disaster costs face 28% cut

The Bahamas will cut its disaster recovery costs by 28 per cent it takes out its $100 million ‘contingent loan’ facility, the Inter-American Development Bank (IDB) is asserting.The IDB, in its proposal for the emergency financing, argued that its fac

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WORLD CUP: Belgium wake up in second half to roll past Panama

SOCHI, Russia (AP) — Unlike the other World Cup favourites who struggled through their opening matches, Belgium looked every part the title contenders.

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WORLD CUP: Sweden get benefit of video review to beat South Korea 1-0

NIZHNY NOVGOROD, Russia (AP) — Sweden got the break they needed from the video review system, and team captain Andreas Granqvist didn’t waste the chance.

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WORLD CUP: Kane’s double gives England victory

VOLGOGRAD, Russia (AP) — Twice wrestled to the ground during the match, England captain Harry Kane finally evaded the Tunisian defence just as time was running out.

Eight-month VAT transition is 'best thing for builders'

The Bahamian Contractors Association’s (BCA) president yesterday hailed the eight-month VAT ‘transition’ for existing projects as “the best thing the Government can do for construction”.Leonard Sands told Tribune Business that the Minnis administrati

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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.

Budget to force price rise for healthy foods

Food stores will likely hike their non-breadbasket food prices due to the impact the new VAT exemptions will have on consumer behaviour, the Chamber of Commerce’s chairman is warning.Michael Maura told Tribune Business that the Budget effectively “in

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WORLD CUP: Ronaldo scores hat trick in six goal thriller

Cristiano Ronaldo scored a hat trick, capped by a dipping free kick in the 88th minute as Portugal and Spain played to a wild 3-3 draw in the Group B opener for both countries.