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Financial disclosures raise more questions

\IN THE April 20 edition of The Tribune newspaper, an interesting story was published under the heading: Money isn't Everything On The Declarations - Sometimes It's About The Plants. This of course was in reference to the financial disclosures of the 133 candidates after Nomination Day on April 17.

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New Brewery posts to ‘hold job lossed at 43’

A CABINET minister yesterday voiced optimism that Commonwealth Brewery’s creation of 30 new posts would minimise recently-unveiled job losses to a “net” 43.

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What is VAT?

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Insurer's flood claims equal 30% of profits

A Bahamian insurer believes its net loss from last month’s flooding in New Providence will equal 30 per cent of its projected 2013 profits, and be greater than that incurred from Hurricane Sandy.

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City Markets job fear

TENSIONS remain high as 400 City Market employees are still unsure about the future of their jobs. According to Rosalie McKenzie, Bahamas Commercial Stores, Supermarkets and Warehouse Workers Union (BCSWWU) administrator, as talk persists of the impending closure of City Market's four remaining stores, employees are worried they will be left without compensation - especially as some of them have not been paid for three weeks.

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‘No complaints’ on 72% profits decline

Bahamas First’s chief executive was yesterday “not complaining at all” despite a 72 per cent fall in total comprehensive income for 2016, driven by a one-third increase in net claims stemming from Hurricane Matthew.

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Gov't increasing VAT energy exemption 150%

The Government is aiming to increase the Value-Added Tax (VAT) ‘exemption’ threshold for electricity bills by 150 per cent to 500 kilowatts per month, Tribune Business was told yesterday, a move likely to cover 50 per cent of residential customers.

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Gov’t ‘playing with fire’ over $200m spend rise

The Government was yesterday warned it is “playing with fire” through the $200 million year-over-year increase in recurrent spending, with a businessman suggesting this threatens to squander the ‘benefits’ from Value-Added Tax (VAT).

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Gov'ts $300m bond finance demands 'extraordinary'

A leading investment advisor yesterday said he could not “readily recall” the Government ever seeking $300 million in bond financing in such a short times period, as the administration launched its latest $100 million Bahamas Government Registered Stock (BGRS) issue.

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BTC ‘bottoming out’ as mobile losses cut 2/3

The Bahamas Telecommunications Company (BTC) last night showed signs of “bottoming out” in its battle with Aliv after its mobile subscriber loss rate was cut by two-thirds in late 2018.

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Gov’t to break $200m Treasury Notes mark

The Government is hoping to next week breach the $200 million mark for funds raised via its new Treasury Note security, with advisers confident the latest $25 million offering will be fully subscribed.

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Time to think outside the box

As the battle rages on about whether the BEC/BPL rates are too high, or whether they have increased by 60% or 70%, there is one thing that everyone seems to agree on and that is that electricity costs far too much.

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Cans for kids launches 'Spring Bash Collection Competition'

THE non-profit organisation Cans for Kids is announcing its first “Spring Bash Collection Competition”.

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Union leader: NHI will end 'days of cook-outs'

A trade union leader is “definitely” backing the Government’s proposed National health Insurance (NHI) scheme, stating: “The days of cook-outs are over”.

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Union: City Markets behind over payroll

Union: City Markets behind over payroll By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE union representing City Markets workers has said it would welcome the sale of the struggling food store chain if it meant saving jobs, o

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Union: City Markets behind over payroll

Union: City Markets behind over payroll By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE union representing City Markets workers has said it would welcome the sale of the struggling food store chain if it meant saving jobs, o

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DNA dismisses PM's VAT comments as 'nonsense'

DNA leader Branville McCartney has dismissed Prime Minister Perry Christie’s latest comments on Value Added Tax as “utter nonsense” and criticised the government for trying to ram what could prove to be a disastrous tax system down the throats of Bahamians.

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10-15% alternative energy penetration within next decade

RENEWABLE energies could penetrate between 10-15 per cent of Bahamian homes and businesses within the next decade, a local provider telling Tribune Business yesterday that consumers were receiving "payback" on his company's solar water heaters in "less than a year".

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BEC breaches $100m bond issue conditions

The Bahamas Electricity Corporation (BEC) breached the financial terms of its existing plan $100 million bond issue, forcing it to seek a four-year waiver from investors.