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Domestic banks in 10% cost increase
Domestic banks and trust companies endured a near-ten percent operating cost increase in 2018 amid continued expense and regulatory pressures on the wider financial services industry. The Central Bank’s survey of the sector’s 2018 contribution to Ba
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Over 100 executives attend PI conference
More than 100 tour operators, airline executives and hotel representatives gathered at Atlantis last week to kick-off the 2019 International Travel Partners Conference.
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AG Bethel tells web shops: Pay your taxes and go to court later
AS the legal and regulatory framework for a tax agreement between the government and domestic gaming houses nears its competition, Attorney General Carl Bethel has warned those still fighting the deal to “pay your tax” and go to court later.His comme
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‘We want murder rate down to 85’
THE Minnis administration wants to reduce the number of murders to 85 by 2021 while reducing the average time it takes to get a business licence from 30 days to 24 hours.
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Joshua Turnquest awarded Male Athlete of Year
JUNIOR Joshua Turnquest has been chosen as the 2018-19 River States Conference Male Athlete of the Year. The 6-foot, 2-inch graduate of CV Bethel Senior High led the voting of the athletic directors in the league. As a junior, Turnquest was an NAIA
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National debt in $30m fall
The Bahamas’ national debt has seen its first quarterly decline for years as it fell by just over $30m during the three-months to end-March 2019 thanks to a small budget surplus. The Central Bank’s quarterly review for the period, published this wee
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Auditors fail to verify $280,000 school payment
AUDITOR General Terrance Bastian has said the Bahamas Embassy in Washington DC did not receive any receipts over five years to verify that nearly $280,000 was paid to a school for tuition. As a result, auditors could not verify whether the school re
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Regulator 'division' cure required for web shop tax deal
The government will this week seek to heal Gaming Board “divisions” to pave the way for resolution of the web shop taxation dispute in time for the new fiscal year.Carl Bethel QC, the attorney general, revealed to Tribune Business that “a framework f
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‘Unusual’ claims volume knocks Summit off peak
A Bahamian insurer has blamed “an usually large number of claims” for a non-hurricane year resulting in 2018 profits being slashed almost in half.
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Nassau Flight sale timeline ‘aggressive’ but needed
A Cabinet minister has admitted that the Nassau Flight Service (NFS) privatisation timetable is “aggressive”, but argued that “there’s nothing wrong with that” ahead of today’s bid deadline.
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UPDATED: Miller-Uibo smashes 300m world record
Olympic 400 metre champion Shaunae Miller-Uibo left everybody watching in awe as she raced to a world record-breaking performance in the rarely contested women’s 300 metres at the 58th edition of the Golden Spike Ostrava.
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Central Bank chief: Yes, web shops are ‘low risk’
THE Central Bank’s governor yesterday backed the Gaming Board’s findings that web shops pose no major money laundering threat to the domestic banking system and economy.
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IMF calls for property tax rate increase
The IMF last night called on the government to raise real property tax rates while again forecasting that it will miss its 2018-2019 deficit target by a sum equal to 0.5 percent of GDP. The International Monetary Fund (IMF), in its full Article IV r
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Schizophrenic mother claims demons told her to set fire to young child
A jury yesterday saw graphic photos of the charred body of a one-year-old girl who died from being set afire by her schizophrenic mother who claimed demons told her to do it, a court heard yesterday.At least one juror could be seen fighting back tear
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'Unusual' claims volume knocks Summit off peak
A Bahamian insurer has blamed “an usually large number of claims” for a non-hurricane year resulting in 2018 profits being slashed almost in half. Tim Ingraham, Summit Insurance Company’s president, told Tribune Business that the underwriter’s 48.1
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Drug trial delayed as accused recovers from shooting
A WOMAN’S trial over allegations she tried to smuggle drugs to an inmate has been adjourned by another three months after revelations she is still incapacitated from being shot earlier this year. Wendy Smith was one of four people shot on March 10 d
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Team Bahamas named for Caribbean Amateur Golf Championships
THE Bahamas Golf Federation has announced the team members that are expected to represent the Bahamas at the 63rd annual Caribbean Amateur Golf Championships.
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'Web shops will have a Christmas party but hate to pay their staff a decent salary'
MORE than 1,000 trade disputes were filed with the Department of Labour in 2018, Labour Minister Dion Foulkes revealed yesterday during his budget contribution in the Senate. In total, 1,207 disputes were filed. Labour Director John Pinder later told
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Team Bahamas named for Caribbean Amateur Golf Championships
THE Bahamas Golf Federation has announced the team members that are expected to represent the Bahamas at the 63rd annual Caribbean Amateur Golf Championships. The championships will be held at the Casa de Campo’s The Links Course in La Romana, Domin
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Cline helicopter almost identical to model that crashed in UK
THE helicopter that crashed last week in Bahamian waters, killing seven, was nearly identical to a craft that crashed less than a year ago in the United Kingdom and resulted in the deaths of five people, including a pilot and four passengers from the
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