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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
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.
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
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.
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
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
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.
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.
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
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
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.