BUSINESS BITES: Some welcome clarity from Cable Bahamas
In its quarterly financial report through March 31, 2019, Cable Bahamas for the first time has added management comments to the usual bare-bones figures —a practice that should become standard for all BISX-listed companies.
EDITORIAL: Steady as she goes
Taking care of the cents seems to be saving the dollars when it comes to the latest budget.
Projects were never meant to influence an election
I take exception to opinions proffered in the editorial appearing in the May 21, 2019 edition of The Tribune under the heading “Nothing lessens the purse strings like an election”.
We have allowed tyrant governments to wreak havoc
Your editorial (May 28), castigating Brent Symonette and Immigration, could have had some balance if it were recognised that Immigration has been, (second only perhaps next to Fox Hill Prison in terms of dysfunctional Government Agencies), a disastrous department over the last 50 years.
We're not controlled by Beijing
You kindly published my opinion of the comment of the Assistant Secretary US on Chinese influence in The Bahamas…a reader commented electronically and I think it appropriate to respond.
Time for some lateral thinking
Intellectual question: am I the only one who does not like that the sun sets at 10 to 8pm, or waking up in the dark? And I wonder why, with our scorched plants waiting desperately for the rain, we are in the same time change zone as those in the north who are desperately looking for sun to bring the first buds out of the ground?
Auto industry to 'pick up steam' through tax cut
Auto dealers yesterday said the industry is poised to “pick up steam” as a result of tax cuts that will give Bahamian consumers “more choice and better prices” from July 1.
Now Reckley faces trial over money laundering charges
THE Court of Appeal has ordered former Urban Renewal Deputy Director Michelle Reckley and four others to stand trial over the money laundering charges a magistrate absolved them of earlier this year.
Jean Rony gets his final leave to appeal to Privy Council
BAHAMAS-born deportee Jean Rony Jean-Charles has been granted final leave to petition the Privy Council in a bid to challenge the Court of Appeal’s revocation of a landmark decision concerning his controversial detention and removal from the Bahamas in 2017.
Former banker was not told he was under an internal investigation
A BAHAMIAN banker fired for collecting and days later depositing a cheque into the local First Caribbean International (FCIBC) bank account of disgraced FIFA executive Charles Blazer, was not told by the bank’s attorneys that he was under an internal investigation into the potential wrongdoing when he was contacted and questioned.
Court hears that investigating exotic dancers led to woman's arrest
A POLICE officer yesterday testified how former Commissioner of Police Ellison Greenslade’s claims of illegal immigrants performing “exotic” acts at a bar set in motion the events that ultimately led to the arrest of a Jamaican woman who alleges she was raped by a senior immigration officer.
Caution warning on 'lofty' 1% deficit goal
The government was yesterday urged not to get carried away over its “lofty” ambition to achieve “the lowest deficit ratio” for almost two decades in the upcoming 2019-2020 fiscal year.
DPM: The era of political favours is now finished
The deputy prime minister yesterday signalled a major shift in Bahamian culture by warning that the system of politically-based favours and patronage must come to an end.
'Don't throw away dollars for nickels': Vacation rentals eyed for $8m-$10m
The government is “conservatively” estimating it will realise between $8m-$10m per year from levying VAT on vacation rentals as it was warned not to “throw away dollars in going for nickels”.
Civil service salaries in $53m 'over-budget'
The government’s wage bill for the 2017-2018 fiscal year was over-budgeted by $53m because of non-existent persons on its payroll, the deputy prime minister revealed yesterday.
Furniture retailers gain budget boost
A well-know furniture and appliance retailer yesterday said duty cuts unveiled in yesterday’s budget will benefit Bahamian retailers “long term” and make them more price competitive.
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.
DPM places tax evaders on notice
The deputy prime minister yesterday warned tax cheats “who have been taking advantage of our inefficiencies” that they are a prime government target in the 2019-2020 fiscal year.
Poor and financial sector lose out over tax inertia
The government has penalised both low income Bahamians and the financial industry’s competitiveness by failing to enact comprehensive tax reform, an opposition party argued yesterday.
Flexibility for business licences
The government yesterday inserted flexibility into the Business Licence regime by allowing companies to pick which quarter they file their returns and pay the fee.
