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AML Foods: 'distractions' added to 75% profit fall
AML Foods yesterday said its 75 percent fourth quarter profit decline will not become a long-term trend, as “distractions” resulted in margins and shrink heading in the wrong direction.Gavin Watchorn, the BISX-listed food retail and franchise group’s
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Financial union urges lower business costs
The Bahamas Financial Services Union (BFSU) yesterday urged the Government to reduce the cost of doing business in this nation, in a bid to halt the industry’s contraction and outsourcing of jobs to lower-cost Caribbean rivals.
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Suddenly, we have an easy choice
Last week was an epiphany to some. But the shocking allegations of conflicts of interest by members of the present government (and their insulting, but predictable refusal to adequately address them by shifting the discussion back to the PLP) should have at least one positive effect.
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FNM blasts govt over proposed new tax
FREE National Movement Leader Dr Hubert Minnis yesterday lashed out at the Christie administration over its proposed new tax to facilitate National Health Insurance.
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BTC suffers further 4% mobile subscriber drop
THE Bahamas Telecommunications Company (BTC) suffered a further 4 percent mobile subscriber erosion in the 2019 fourth quarter, it was revealed last night, while struggling to penetrate other market segments. Liberty Latin America (LiLAC), the Baham
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Legacy of the FNM
I recently heard Tommy Turnquest, a former leader of the Free National Movement, listing his party’s accomplishments after four terms in office.
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FNM ‘spiteful’ to civil servants over politics
PROGRESSIVE Liberal Party (PLP) Chairman Bradley Roberts has accused the Minnis administration of being spiteful towards civil servants based on perceived political affiliation.
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Ex-Robin Hood owner: 'Franchise' possibility for new retail format
By NEIL HARTNELL
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Minnis: I disclosed interests over govt contract
FREE National Movement Leader Dr Hubert Minnis yesterday maintained that he disclosed his interests in a company that received a government contract when he was elected in 2007, but refused to further discuss the matter.
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Getting caught in the VAT net
Value-Added Tax (VAT) is a levy on profit in terms of the difference between the input cost and the amount billed. The Bahamian model is still evolving. No doubt, there will be more exemptions and exceptions. That said, we will undoubtedly be implementing it. The only doubt is when this will happen.
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Bar services company says saving clients $1k weekly
A Bahamian inventory control and bar services firm is aiming to help clients ncrease their profitability by eliminating wastage, its founder telling Tribune Business it is already saving some more than $1,000 a week in liquor revenues.
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BTC's revenues drop over $21m
The Bahamas Telecommunications Company's (BTC) fell by more than $21m year-over-year for the nine months to end-September 2020 despite further slowing the erosion of its mobile customer base.
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EDITORIAL: Crime leaving residents still feeling aftermath of hurricane
IN the aftermath of Hurricane Dorian, crime was a major concern for residents of Abaco. There were fears over looting, fears over inadequate policing with officers not going out at night with no power meaning no lights on the streets.
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Finance experts unsure how economy will react to impact of coronavirus
THE government’s finance experts don’t know exactly how the country’s economy will react to global fall out from the coronavirus, but officials are working on several internal models taking into account worst-case scenarios.
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Dying? Financial sector is ‘dynamic’
THE financial services sector in The Bahamas is “vibrant and dynamic,” former Prime Minister Hubert Ingraham said yesterday.
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195 bodies in morgue - why fees must go up
ONE hundred and ninety-five dead bodies are being kept at Princess Margaret Hospital’s Morgue as of Wednesday – triple the number the facility was built to maintain, according to Health Minister Dr Duane Sands.
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National debt shrinks - but only falls $21m
The Bahamas’ national debt enjoyed its first quarterly contraction for years during the three months to end-September 2022, the Central Bank revealed yesterday, although the decline was a modest $20.7m,
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Bahamas ‘nowhere near crisis’ despite new US recession fear
A prominent businessman yesterday sought to reassure that The Bahamas “is nowhere near crisis mode” despite mounting global economic gloom with suggestions that the US is now in an “unofficial recession”.
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Hot Mix’s expansion ‘not connected’ to Gold Rock
Bahamas Hot Mix’s chairman yesterday said the imminent expansion of its Freeport-based concrete and asphalt production capabilities has “got absolutely nothing to do” with a rival supplier’s troubles.
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'Let's get out of the private sector's way'
The Bahamas must not lose sight of urgent structural reforms as it focuses on immediate needs, a governance reformer warned yesterday, adding: "Let's get out of the private sector's way."
