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Inflation trend ‘positive’ as rate shows minimal change
THE trend for inflation has been hailed as "positive" by a campaigner for good governance.
Reserves stay ‘buoyant’ though growth reduced
The Central Bank yesterday said The Bahamas’ external reserves are set to remain “buoyant” in 2023 although June’s growth is $44.4m short of 2022’s expansion.
‘Record growth’ for tourism according to bank report
TOURISM is showing “record growth” according to a new report from the Central Bank of The Bahamas - while economic growth continues at a moderate pace.
Corporate income tax: Not ‘holding the bag’
The Bahamas Motor Dealers Association’s (BMDA) president says a corporate income tax levied on net profits would be “fantastic” for the industry if it eliminates a Business Licence regime that can tax companies into a loss.
‘Road map’ for 5G plan amid Starlink pushback
Regulators have pledged “to develop a road map” for deploying 5G (fifth generation) technology in The Bahamas amid continuing concerns from the two incumbent operators about the arrival of Elon Musk’s Starlink.
BISX fund eyeing up to $10m warehouse raise
A BISX-listed real estate yesterday said it plans to raise up to $10m within the next six months to finance development of its Carmichael Road warehouse after profits near-doubled during the 2023 first-half.
Gov’t told: Avoid ‘piecemeal approach’ over tax reforms
The Opposition’s leader yesterday urged the Government to avoid “a piecemeal approach” to reform in the FNM’s response to the corporate income tax proposal, warning: “We have a very small margin for error.”
Eugene Horton seeks another term in office as BBF president
WITH some unfinished business since moving up from first vice president to president during the middle of the past four-year term in office, Eugene Horton will be seeking another tenure at the helm of one of the country’s most fledgling sporting bodies.
Atlantis hits pre-COVID cash flows with $182m
Atlantis has “stabilised” its net cash flow at pre-COVID levels by generating $182.3m for the year to end-March 2023, it was revealed yesterday, as analysts reaffirmed the credit ratings on its $1.2bn debt.
Real estate ‘bull can only run for so long’
The Bahamian property market is “correcting itself” to more sustainable pre-COVID highs, realtors agree, with 2023 second quarter New Providence home sales down 21 percent as “the bull can only run for so long”.
Fidelity ‘ramp up’ after 30% first half profit fall
Fidelity Bank (Bahamas) yesterday pledged to “ramp up” its performance during 2023’s final months after a near-30 percent first-half decline put the “stretch” $25m profit target for the full year seemingly beyond reach.
Long-time PE teacher Hattie Moxey retires on August 31
WHEN the new school year begins in September at Jordan Prince Williams High School, one of the familiar faces returning students won’t see is long-time Physical Education Department head Hattie Moxey.
BISX-listed firms blame profits drop on inflation
Two BISX-listed companies have blamed surging inflation for a margin squeeze that resulted in first-half and second quarter 2023 profits slipping against prior year comparatives.
PETER YOUNG: People still in denial over climate change despite all the evidence
THE news from Hawaii this past week has been nothing short of terrible as the massive scale of utter devastation has become evident to the outside world. At the time of writing, there are 96 confirmed deaths from the wildfires that ravaged the island of Maui but, reportedly, hundreds of others are still missing.
‘Don’t price ourselves out’ on corporate income tax
Bahamian realtors yesterday said data showing they enjoy near-40 percent gross profit margins is “skewed very far off” as they urged the Government “to be careful we don’t price ourselves out of the market” over corporate income tax.
First BOB dividend in 11 years ‘a miracle’
Bank of The Bahamas’ first dividend payment for 11 years was yesterday hailed as “a miracle” by its long-suffering shareholders after it reported its second consecutive year with profits above $11m.
Bahamas destroys Cuba by 41 points
The top ranked Bahamas men’s national basketball team, arguably one of the best teams ever selected, posted an impressive 41-point rout over Cuba to start the FIBA Pre-Olympic Qualifying Tournament in La Banda, Argentina.
‘Burden cannot be heavier with corporate income tax’
Corporate income tax must not impose a heavier tax burden on businesses than what already exists, private sector executives are warning, while urging that such proposed reform cannot be viewed in “isolation”.
Seventeen FC, Flamingo FC to meet again in CFL finals
SEVENTEEN FC and Flamingo FC will square off on the Roscow A L Davies soccer field next week Sunday for the Capital Football Label (CFL) Summer Soccer Championship.
Mega Malt basketball camp ‘was a resounding success’
OLYMPIAN Frank Rutherford, with the help of two of his former native basketball recruits Lashann Higgs and Winslow Barry Jr, hosted another successful Mega Malt Basketball Camp and Clinic.
