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Hotels eliminate ‘cannibalisation’ fears in 2018
The Bahamian hotel industry’s strong 2018 performance has eliminated “genuine fears” that Baha Mar’s full opening would “cannibalise” the market, a Cabinet minister argued yesterday.
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Govt will 'explore options' if web shop tax talks fail
A Cabinet minister yesterday confirmed the government will “explore its options” if it is unable to persuade the four web shop hold-outs to pay due taxes via negotiation.
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Govt listing to take BISX close to $9bn
The total market value of all securities listed on the Bahamas International Securities Exchange (BISX) will be just short of $9bn once the government completes the listing of its debt. The stock exchange’s 2019 first half report, released yesterday
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BAIC in $500k govt bail-out
The Bahamas Agricultural and Industrial Corporation (BAIC) has received a $500,000 taxpayer bail-out to help pay down a $3.123m debt that left it on “life support”.
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Web shop hold-outs on ‘shaky ground’
The Attorney General yesterday warned the web shop industry’s tax hold-outs they are on “very shaky ground” in failing to comply with the settlement agreed with the Government.
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BISX all-share index falls flat
The Bahamas International Securities Exchange’s (BISX) All-Share Index was flat during the 2019 first quarter, under-performing compared to indices in more developed capital markets.
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The year when we build each other up
LAST week all of the newspapers front pages were ablaze with both the commissioner of the police force Mr Anthony Ferguson and the minister of defence Mr Marvin Dames touting the success in the reduction of crime in 2018, especially the decrease in the murder rate. I might have missed it and stand to be corrected but not once did I hear them give thanks to God for the hand he had in the country’s fight against satan’s onslaught on our youth.
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$7.8m caught in payment frauds
Some $7.8m worth of payment fraud complaints were made in 2018, the Central Bank of The Bahamas has revealed, with debit cards accounting for almost 60 percent of cases.
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US State Department report: Abaco heads list for sexual violence
ABACO had the highest number of reported cases of sexual violence, according to a US State Department report, which suggested rape and domestic violence cases are often stalled in the courts.
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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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Moody's predicts $82m fiscal deficit overshoot
Moody’s is predicting that the government will overshoot its 2019-2020 deficit target by more than $82m and take longer than anticipated to produce the budget surplus it is seeking.The international credit rating agency, in its latest update on The B
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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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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
