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NAD and Lucayan deals drop reserves to $1.4bn
The Bahamas’ foreign currency reserves fell to $1.4bn at end-March 2019 due, in part, to the Grand Lucayan purchase and Nassau Airport Development Company (NAD) refinancing.
Hanna Martin slams the government’s Majority Rule ‘farce’
ENGLERSTON MP Glenys Hanna Martin yesterday denounced the government’s upcoming “farce” of an observance for Majority Rule Day, telling The Tribune the Minnis administration has betrayed the principles of its historical significance.
Nassau air arrivals strike 28-year peak
Air arrivals to New Providence achieved their highest quarterly growth for 28 years during the final three months of 2018, expanding by 20.6 percent to complete a strong year for Bahamian tourism.
Rolle: NIB serious about collecting missing $17m
THE National Insurance Board is serious about collecting $17m in outstanding contributions, Public Service Minister Brensil Rolle said yesterday, revealing some employers have gone before the courts for committing the offence. Although he could not
Seven foreign nationals fined for overstaying
SEVEN foreign nationals - four Brazilians, two Jamaicans and one Haitian - were convicted and fined for overstaying in three separate cases yesterday.
Tech Talk
• The German government is extending a system of incentives to buy electric cars by 18 months until the end of 2020.
NPBA triple header: Giants and UB Mingoes in win column
THE New Providence Basketball Association played a triple header at the CI Gibson Gymnasium on Saturday.
James ‘all in his feelings’ since All-Star break
THE Lakers are 1-3 since the All-Star break and LeBron James seems to be all in his feelings.
Water corp nets 47% Out Island revenue rise
THE Water & Sewerage Corporation’s (WSC) total Family Island revenues increased by 47 per cent year-over-year during the 2018 fourth quarter, its executive chairman has revealed.
Sterling lauds Forbes for rating Bahamas #1
STERLING Global Financial, a broad-based real estate and international financial services provider with US$9 billion in assets under administration and management, has today applauded Forbes magazine for ranking The Bahamas as the world’s number one choice for real estate investment.
Family Islands enjoy 40% rise from Latin America
FAMILY Island arrivals from Latin America are up nearly 40 per cent year-over-year, representing one of the largest destination increases, the Out Island Promotion Board’s president said yesterday.
Customs duties under 20% ‘not a far stretch’
Slashing Customs Duty rates below 20 per cent when Value Added Tax (VAT) is introduced is “not a far stretch”, a senior Ministry of Finance official said yesterday, adding that shifting the tax burden services should reduce the levy on imported goods.
National team named for ICC Tourney of Americas
With a big year on tap for the Bahamas Cricket Association, the local governing body of the sport has named the national team to represent the country as preparations are well underway for hosting international competition.
Dame Marguerite launches Red Cross grand raffle
DAME Marguerite Pindling launched the Bahamas Red Cross Society’s Grand Raffle yesterday as the charity hopes to recoup critical shortfalls from this year’s fair.
Gospel musician champions 'No VAT' campaign
By JEFFARAH GIBSON
$29m GB subsidy claim 'misleading'
The GOVERNMENT’S claims that it has had to subsidise Freeport economy to the tune of $29 million were described yesterday as “a bit disingenuous” and “misleading”, a Free National Movement (FNM) MP stating that Grand Bahama was “no charity case”.
Bahamas 'best positioned' for automatic tax information
The Bahamas is the world’s “best positioned” financial centre when it comes to thriving in an automatic tax information exchange environment, a Cabinet Minister said yesterday.
Nation has most loans in region written off
PORT OF SPAIN, Trinidad - Delinquent mortgages in The Bahamas represented a “lion’s share” of the non-performing loans written off by CIBC FirstCaribbean this year, the bank’s CEO Rik Parkhil said yesterday.
BFSB announces five Landfall promotions
The Bahamas Financial Services Board (BFSB) has teamed with its Ministry of Financial Services co-sponsor to schedule five Bahamas Landfall events between August and October, as it targets business opportunities in Latin America and China.
Taylor Industries insolvent by $1m
Taylor Industries is insolvent by $1m after racking up a combined $1.856m in losses during the four-and-a-half years prior to its January 8 closure, it has been revealed.
