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Real estate can 'absorb' VAT at 6% Stamp Duty

The Bahamian real estate industry can “maybe absorb” Value-Added Tax (VAT) if Stamp Duty rates are cut to 6 per cent market-wide, a leading realtor has told Tribune Business.

Cruising permit rise 'push back' awaited

The Ministry of Finance’s top official yesterday said the government “feels comfortable” that the boating industry can absorb increased cruising permit rates despite marina concerns.

IAN FERGUSON: Striking the correct Immigration balance

Much has transpired in recent times regarding the national debate on Immigration reform.

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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

Responses to crime forum recommendations

The recommendations of the Crime Forum and the Ministry of National Security’s responses:

West Indies gets 5-wicket win over Pakistan

KRAIGG Brathwaite became the first opening batsman to be unbeaten in both innings of a Test as he led West Indies to an absorbing five-wicket win over Pakistan in Sharjah yesterday.

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'Five Baha Mars' needed to solve jobless crisis

The Bahamas needs “five Baha Mars going on” simultaneously to achieve the 5.5 per cent GDP growth necessary to slash existing unemployment by 50 per cent and absorb thousands of annual school leavers into the workforce.

Bahamas faces recession if consumer 'can't absorb' VAT

The Bahamas will fall back into economic recession if consumers are unable to absorb Value-Added Tax’s (VAT) inflationary impact, a co-chair for the private sector’s Tax Coalition warned yesterday.

'One-stop shop' for Bahamians to trade globally

A bank has unveiled an online trading platform to give Bahamian investors direct “one-stop shop” access to the US and global financial markets.Cornèrtrader, a subsidiary of Bahamas-based Cornèr Bank (Overseas) subsidiary, said the initiative was desi

Beres Hammond and R Kelly concerts collide

SOCIAL Networks have been swarmed with concert gossip over the past few weeks after news broke that two major events will clash on the same date in February.

Internships offer two-way benefits

Each year more than 6,000 new students enter the job market.

IMF raises ‘jobless cut’ growth to 7%

The International Monetary Fund (IMF) yesterday upped the average five-year GDP growth rate that the Bahamas needs to both absorb new workforce entrants, and slash the existing jobless rate in half, from 5 per cent to 7 per cent as it urged this nation to rapidly tackle “structural impediments”.

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R Kelly leaves lasting impression

AN EMOTIONAL R Kelly moved the local crowd during his first concert in the Bahamas.

G R Sweeting lends helping hand to Ranfurly Home

G R SWEETING’S Clarks and The Shoe Village stores are lending a helping hand to a local non-profit organisation in need of financial assistance.

Scotiabank major sponsor of junior regatta

Scotiabank major sponsor of junior regatta MAJOR SPONSOR: Shown (l-r) are Clyde Rolle, vice commodore of the National Family Island Regatta committee, Leah R Davis, senior manager of marketing and public relations for Scotiabank (Bahamas) and Wycliff Alb

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BEC to 'absorb' Carifta power costs

CORPORATE Bahamas continues to patronise the 2013 BTC Carifta Games with a major utility corporation coming on board just days before the games begin.

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Jones named to John R Wooden Award Preseason Top 30

GEORGE Washington senior Jonquel Jones was named to the John R Wooden Award Women’s Preseason Top 30 on ESPN’s SportsCenter and on espnW yesterday morning.

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Buddy Hield wins John R Wooden Award

UNIVERSITY of Oklahoma senior guard Buddy Hield was announced as the 2016 John R Wooden Award winner Friday night, presented annually to the nation’s top men’s college basketball player.

Fuel costs hurting tour firms 'big time'

TOUR companies are going to be hurt "big time", and some may end up going broke if fuel prices continue to rise, a leading operator telling Tribune Business yesterday that "our fuel costs have gone through the roof".

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Rivals to Absorb closed shipper's 15% market share

Some 13 Bahamian jobs will be lost through a shipping line’s closure, although the Nassau Container Port’s chief executive yesterday said its 15 per cent market share would be absorbed by other carriers.