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VAT health claims change ‘may’ not happen April 1

The Government “may not” implement the new VAT treatment for medical insurance claims payouts by its April 1 target, it was revealed yesterday, with the decision hinging on a meeting with healthcare stakeholders later this week.

'Exorbitant' Business Licences make one-time payments impossible

Super Value’s owner yesterday said it was impossible for the food retail industry to pay the new “exorbitantly high” Business Licence fees one-time, as he dismissed claims he was ‘bullying’ the Government over its Value-Added Tax (VAT) proposals.

BISX: 50/50 buyer-seller ratio 'damn good market improvement'

The Bahamas International Securities Exchange’s (BISX) chief executive believes a “damn good improvement” is occurring in the stock market, with the buyers-to-sellers ratio now standing at 50/50 after deteriorating to 20/80 at the recession’s peak.

A chapter of disaster?

The Baha Mar bankruptcy order should be granted in the Bahamas to avoid a damaging dog-fight between creditors, Richard Coulson urges.

Sports Notes

THE top scorer and MVP in Financial Bowling League competition Wednesday night was Stan Bethell of the Strike Force with a 222 second high game and a huge 633 three game set.

Cox, Charlton off to good start with Boilermakers

THEY left for Purdue University last year as close friends and rivals off and on the track. Now as room-mates and team-mates, hurdler Devynne Charlton and sprinter Carmiesha Cox are hoping to strike terror in their opponents as they compete for the Boilermakers women’s athletic team.

Bay Street sees 80% income loss extended longer

Eighty percent of the spending that kept Bay Street afloat has dried up via a cruise industry shutdown just extended to October 1, the Downtown Nassau Partnership’s (DNP) co-chair has revealed. Charles Klonaris told Tribune Business he does not fore

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.

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.

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

THE ART OF GRAPHIX: Advertising your message correctly

What is it that makes a good advertisement? Is it the pictures and video? Is it what is written or said? Is it the creative elements that cause you to feel something after you have been exposed to it?

‘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.

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.

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.

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.

Doctor: Shanty towns are a danger to everyone

NOTED physician Harold Munnings said the country’s shanty towns present “a danger to everyone” as the conditions as outlined in the government’s recent report are ripe for the spread of disease.

Baha Mar hotel's rates are 'not good enough'

The Nassau Wyndham Resort’s “mid-$90s” room rates are “not good enough” and between 23-30 per cent below where they need to be, a Baha Mar executive yesterday conceding that the guest experience was being impacted by construction work on the $2.6 billion Cable Beach expansion.

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