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$200m GB cruise port beneficial if ‘balanced’

East Grand Bahama’s MP said yesterday that the $200 million Carnival cruise port for his constituency will boost the economy, provided the deal is balanced and Bahamians are the net beneficiaries.

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Exuma becoming high-end location

EXUMA is positioning itself as a “high net worth destination”, the Prime Minister said yesterday, as the Government signed a Heads of Agreement for a $200 million boutique resort on Children’s Bay Cay and Williams Cay.

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Gov't: 20-25% payroll tax for VAT match

The Government would have to implement the private sector’s favoured payroll tax at a rate between to 20-25 per cent to hit its revenue targets, the Financial Secretary saying this meant the average Bahamian worker would see more than $200 per month taken from their salary.

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ROYALSTAR INVESTORS GET '200% PAY OUT'

By NEIL HARTNELL Tribune Business Editor RoyalStar Assurance is expecting to generate a $2-$3 million net profit for 2011 despite enduring a tough year, its managing director yesterday saying the company had to-date "paid out almost 200 per cent" of the

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Gov’t eyes $350m net via ‘outperforming’ VAT

Value-Added Tax (VAT) continues to outperform expectations, with the Government still on target to enjoy a net $300-$350 million revenue increase for the 2015-2016 fiscal year.

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LPIA in 'substantial' 6.9% seats increase

The Lynden Pindling International Airport (LPIA) has seen “a quite substantial” 6.9 per cent increase in incoming airline seats during the first four months of its current financial year, its operator yesterday saying net income “isn’t the most accurate reflection of our health”.

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SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'

By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for

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SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'

By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for

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SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'

By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for

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SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'

By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for

Story

SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'

By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for

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Exemptions can't hit VAT's revenue goals

The Government’s Value-Added Tax (VAT) revenue goals mean that any decision to ‘exempt’ a particular good or service will require it to impose the 15 per cent levy on another sector, a top Ministry of Finance official implied yesterday.

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Sandals: Under 2/3 of workers reapply

Renovations at Sandals Royal Bahamian are ‘on track’ to be completed in time for its planned mid-October reopening, the resort’s project manger said yesterday, adding that the daily construction workforce would peak at 200 persons.

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Bahamas in $40m foreign property buyer ‘outflows’

The Bahamas has suffered two consecutive years of $40 million-plus net real estate outflows due partly to the exit of foreign buyers, the Central Bank’s governor confirmed yesterday, with inward investment flows falling to $163.2 million in 2016.

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$5bn national debtnot necessarily hit by latest bond

A former finance minister yesterday said the Government’s overdraft had come down to around $65 million, adding that its latest bond issue would not necessarily take the national debt beyond the $5 billion mark.

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FamGuard general agency’s ‘historical’ $4m top-line break

Family Guardian’s general insurance agency broke the $4m top-line barrier for the first time in 2018, its group president saying this showed it shrugged off a “challenging economy”.

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Job applicants exceed posts 10x at ex-Robin Hood

BUSINESSMAN Sandy Schaefer says he has distributed more than 1,100 applications for the 135-145 jobs that will be created when his new retail venture, ‘Shepherd’s Mart’, opens off Tonique Williams-Darling Highway by month’s end.

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City Markets job fear

City Markets job fear By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net TENSIONS remain high as 400 City Market employees are still unsure about the future of their jobs. According to Rosalie McKenzie, Bahamas Commercial Stores, Supermark

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NAD fiscal position 'stable' says CFO

NASSAU Airport Development Company (NAD) saw total revenues of $71.5m in its 2014 fiscal year, an increase of $7.2m over the previous year, its Chief Financial Officer yesterday describing the airport operator’s fiscal position as stable.

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Super Value chief: $200 minimum wage acceptable

Super Value’s owner yesterday said he could accept a 33 per cent increase in the weekly minimum wage to $200, agreeing that “nobody can live” on the existing $150 per week.

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