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BTC targets 60% Internet ‘migration’

The Bahamas Telecommunications Company (BTC) is aiming to switch 60 percent of Internet customers to its new network technology by 2023 as it seeks to “reclaim the market leader mantle”.

Leading banker hits out over VAT ‘maze’

The Government “created a maze” for the Bahamian private sector and consumers when it abandoned the low-rate, broad base VAT model, a prominent banker is arguing.

Fidelity eyes $21m-$22m profit following ‘overshoot’

A BISX-listed bank is targeting full-year net income of $21m-$22m after its exceeding its budgetary target during the first nine months of 2021, its chief executive revealed yesterday.

‘Makes no sense’: Realtors challenge tax crackdown plan

Prominent realtors yesterday warned that the government’s plan to target delinquent commercial property owners by seizing their tenants’ rent “makes no absolutely no sense”.

IMF calls for austerity in the ‘hundreds of millions’

The International Monetary Fund (IMF) yesterday exposed the harsh austerity Bahamians face post-COVID by urging the government to increase its “net income” by more than $300m over four years.

Moody’s throws wrench into PLP’s VAT cut plan

The Davis administration’s pledge to slash the VAT rate to 10 percent has been undermined by Moody’s downgrade of The Bahamas’ creditworthiness, Tribune Business was told yesterday.

Minister: Give us ‘offset’ to halt oil drilling pursuit

A Cabinet minister yesterday argued The Bahamas should seek "offsetting” compensation from neighbouring countries if it bows to their demands to give up oil exploration.

Mitchell off to quick start with Panthers

Elijah Mitchell continues his stellar early season play for the Birmingham-Southern Panthers men’s soccer programme and has scored three points in his first two games.

Businesses ‘test water’ over extra night hours

Super Value’s principal yesterday said the supermarket chain plans to “test the waters” with 8pm closings after the nightly curfew was eased but voiced scepticism the move would increase sales.

Cruise port profitability matches ‘lock up’ end

Nassau Cruise Port is forecasting that it will start generating profits by 2024 - a timeline that coincides with the end of a three-year “lock-up” for investors in its 49 percent local shareholder.

Deandre Ayton is 'Mr Efficiency'

Deandre Ayton’s efficiency has been an integral part of the Phoenix Suns’ rise in the NBA standings.

‘Good tournament’ for Bain and Ramirez despite final defeat

BAHAMIAN freshman Jacobi Bain and his Xavier University of Louisiana senior teammate Juan Ramirez gave it their best shot, only to fall short in the final of the men’s doubles at the Intercollegiate Tennis Association (ITA) Cup Championships in Rome, Georgia on Saturday.

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