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Trade deficit narrows 9.7%

The Bahamas experienced a 9.7 per cent drop in its trade deficit to $2.554 billion in 2013, largely due to an almost-$300 million fall in its import bill.

IDB: Bahamas ‘4x costlier’ over company registration

Registering a company in the Bahamas is “four times’ costlier” than in developed countries, with less than 3 per cent of government procedures able to be completed online.

BISX listee's principal seeks SEC suit dismissal

A BISX-listed company’s principal, and its broker/dealer affiliate, are demanding that a federal regulator’s lawsuit against them be dismissed because the US courts have “no jurisdiction”.

'Risk' broker may not return investor funds

There is a “legitimate risk” that a BISX-listed broker/dealer may not return funds caught up in a $340 million Ponzi scheme to their rightful owners, court documents obtained by Tribune Business have alleged.

VAT Task Force results ‘speak for themselves’

The Value-Added Tax (VAT) Education Task Force’s remit came to an end on Tuesday after achieving most of its mandate, one member saying: “The results speak for themselves.”

Christ my king

By ANGELA PALACIOUS

Cold storage facility to help immunisation programme

PUBLIC Health officials yesterday commissioned a newly constructed vaccine cold storage facility as a part of the country’s Expanded Programme on Immunisation.

Parole committee to deliver recommendations

THE government’s commitment to effective rehabilitation and public safety will be put to the test when the Parole Re-entry Steering Committee delivers its recommendations for a parole system and the reintegration of past offenders into Bahamian society, according to committee Co-chair retired Anglican Archbishop Drexel Gomez.

Minister pledges ‘polluter will pay’ over Exuma spill

A Cabinet minister yesterday pledged that “the polluter will pay”, with the Government “holding their breath” that last week’s Exuma oil spill does no long-lasting harm to the area’s marine life.

August Campbell ends promising season with the Duke Blue Devils

WHAT began as a promising season for August Campbell in his third year with the Duke Blue Devils ended abruptly as Campbell recently left the programme.

Regional investment summit eyes Bahamas as location

THE CARIBBEAN Export Development Agency (CEDA) wants to bring the Caribbean Investment Forum (CIF) to The Bahamas following this year’s successful staging in Trinidad and Tobago this November.

PM: Housing initiative not ‘one-off’ exercise

The prime minister yesterday pledged that the government’s efforts to make home ownership more affordable for Bahamians will not be a “one-off endeavour” that lacks a coherent strategy.

Minister: No WTO membership 'for at least five years'

A Cabinet minister yesterday said full Bahamian membership of the World Trade Organisation (WTO) “cannot happen for at least within the next five years”.Elsworth Johnson, minister of financial services, trade and industry and immigration, told the Ho

First cruise back hit by virus

One of the first cruise ships to ply through Caribbean waters since the pandemic began ended its trip early after at least five passengers tested positive for COVID-19, officials said yesterday.

Port Lucaya in fifth month of rent discounts

Port Lucaya Marketplace has entered the fifth month of a ‘rent discount’ initiative to ease a post-Hurricane Matthew burden for tenants that has now been exacerbated by Memories’ pull-out.

Jean Rony case adjourned again

THE Jean Rony Jean-Charles case was adjourned again on Friday as lawyers for the Bahamas-born man and the Office of the Attorney General were unable to agree to terms that would fast-track the case to the Court of Appeal.

Newbold: No timeline on appointment of chief justice

PRESS Secretary Anthony Newbold said yesterday there is no timeline for when Prime Minister Dr Hubert Minnis will appoint a chief justice.His comment came as a small protest planned by a senior magistrate highlighting Dr Minnis’ failure to appoint a

Ayton and Suns 7-0, stay in hunt for play-in spot

Bahamian centre Deandre Ayton and his Phoenix Suns kept their playoff hopes alive with a 130-117 rout over the Philadelphia 76ers yesterday in the National Basketball Association’s bubble at the ESPN Wild World of Sports Complex in Orlando, Florida.

Realtor teams with RBC for Hot Summer Homes

A Bahamian realtor has partnered with Royal Bank of Canada (RBC) to launch a two-month promotion that pledges to deliver a 48-hour turnaround on buyer financing approvals. Monica Knowles, property specialist with Bahamas Realty, explained that the t

We are in trouble

Supplementary Budget - in the bluntest language Hon Philip Davis as Minister of Finance did not really say it, but folks believe me we are in financial trouble…useless not admitting it we are. Denial is precisely that.

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