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SPORTS NOTES
THE prestigious Bahamas National Chess Championship 2018 is scheduled to begin in one week. Eight of the Bahamas’ top players are expected to compete in a seven round-robin style tournament.
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BOB ‘reputation’ boost from $15m repayment
Bank of The Bahamas believes it will boost its “reputation and creditworthiness” by repaying its last $15m in preference share debt, and declaring an interest dividend, before year-end 2018.
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Budget's winners and losers
THE Department of Social Services’ uniform assistance programme will receive considerably more money in the upcoming fiscal year in an apparent effort to curtail the anger government received last cycle for allotting what many saw as insufficient to cover the needs of dependents. Government estimates that $462,000 will go toward the social assistance benefit.
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‘Raising VAT not on our agenda’
FINANCE Minister K Peter Turnquest insisted yesterday the government has no intention to increase value added tax as speculation persists that a hike maybe featured in the impending 2019-2020 budget presentation. He called the claim an unfortunate rumour.
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Four industries drive renewed GDP growth
Four sectors were yesterday identified as key drivers of The Bahamas’ 1.6 percent real GDP growth in 2018 that was hailed as the first decent expansion for five years.
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Woman denies swindling her employer of $200,000
A 54-year-old woman was charged with 76 counts of fraud yesterday over allegations she swindled her employer out of more than $200,000 over the last year, then used some of the money to pay for real estate.
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AG ‘reach out’ over web shop tax snafu
The attorney general will “reach out” to Wayne Munroe QC today to find out why his web shop clients are not paying the taxes agreed under the government’s settlement with the industry.
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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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One Family triumphs in Boxing Day Junkanoo
One Family marched to victory in the 2018 Boxing Day Junkanoo Parade with a theme based on nursery rhymes.
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Ex-minister urges: Stop 'strong arm' web shop tactics
A former Cabinet minister yesterday urged the government to work with web shop operators rather than “strong arming” them, adding: “They need the money.”
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Carnival brings in more training after dumping
CARNIVAL vessels have submitted three reports to maritime authorities in the current 2018/2019 fiscal year, The Tribune has been told.
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11232018 EDITION
Friday, 23rd November, 2018.
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Brewery 'eats' VAT increase on Kalik
Commonwealth Brewery has absorbed a “significant” cost by choosing to “eat” the 4.5 percentage point value-added tax (VAT) hike across its entire Kalik beer product line.Dennis Hanna, the BISX-listed brewer’s vice-president of corporate affairs, conf
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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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Govt focusing on ‘hand ups, not give aways’
The deputy prime minister yesterday defended the government as “very responsive” to the poor’s needs, as it was focused on “providing a hand up” rather than “giving away money”.
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Bahamas Waste chief hails ‘best year in 30-year history’
Bahamas Waste’s chairman has hailed the company’s “best year in its 30-year history” after 2018 profits soared 18 percent year-over-year to $1.348m.
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Tourism ‘firing on all cylinders’ via 9% rise
A Cabinet minister yesterday said Bahamian tourism is “firing on all cylinders” with forward stopover bookings for the next three months some nine percent ahead of 2018 comparatives.
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Evasion loopholes hitting VAT target, fears ex-minister
A former finance minister yesterday urged the government to examine whether the VAT shortfall had resulted from the introduction of exemptions opening up fraud and tax evasion loopholes.
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Moody's: Faith shaken in Bahamas' fiscal credibility
Moody’s yesterday revealed that faith in The Bahamas’ fiscal policy credibility had been shaken by the Government’s revelation of $760m in total unfunded arrears over the past two years.The credit rating agency, in its annual full country analysis, s
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ZNS hit by $542,000 satellite breach claim
ZNS has been hit with a $542,000 damages claim for terminating a satellite leasing contract two years' early, Tribune Business can reveal.
