Cable predicting 130% profit growth to 2018
Cable Bahamas is forecasting that net income will increase by 130 per cent over the next five years as a result of its Florida expansion, with its US interests ultimately accounting for one-third of its bottom line.
Dingman 'smokes out' Bay Street's revival
Following his successful re-launch of the iconic Traveller’s Restaurant on West Bay Street, investor Jaime Dingman is setting his sights on revitalising the downtown Nassau experience via the opening of Island Smokehouse.
Bureau targets nine standards in a year
Amendments to the Bahamas’ Standards Act could be completed by month’s end, the acting director of the proposed Bahamas Bureau of Standards yesterday revealing it was looking to adopt nine standards within a year’s time.
Baha Mar: No job loss via Wyndham training conversion
Baha Mar yesterday said no jobs will be lost through its decision to convert the Wyndham Nassau Resort into its training facility as of today.
Business must take on bigger education role
For some time we have recognised the strong link between education and industry, and the role they must both play in ensuring the economic viability of the Bahamas.
AML: $1.5m VAT costs won't wipe-out profit
AML Foods 2013 annual profit would have been wiped out by the $1.5 million annual cost increase the company is projecting from Value-Added Tax (VAT), its chief executive yesterday pledging: “We’re not going to let that happen.”
AML Foods eyes dividend restart on 'improved' Q1
AML Foods is aiming to resume investor dividends based on “significantly improved results” for its first quarter to-date, after yesterday unveiling a 45 per cent year-over-year profit increase for the final period of its 2014 financial year.
Many exemptions making VAT 'too damn complicated'
The Government’s proposed 150 exemptions risk making Value-Added Tax (VAT) “too damn complicated”, a well-known businessman yesterday warning this would result in increased tax rates and non-compliance.
Benchmark 'guarantees' subsidiary's solvency
A BISX-listed company has upgraded support for its main broker/dealer subsidiary to a guarantee that will ensure it remains financially solvent until end-April 2015, in a bid to assuage the Securities Commission’s ongoing concerns.
VAT does 'not hit the rich'
Value-Added Tax (VAT) is not the best fiscal reform option for the Bahamas because “it does not hit the rich”, a leading financial analyst is arguing.
Union leader urges vacation 'clarity'
THE TRADE Union Congress’s (TUC) president yesterday urged the Government to “bring clarity” to vacation entitlements, arguing: “It’s either the practice or the law”.
'Worker shutdown' warning
A top trade unionist yesterday charged that there has been a “complete breakdown” in labour relations in the Bahamas, warning that a mass strike could be imminent unless the Government decides to “do the the right thing”.
ART OF GRAPHIX: Product advertising proof in the eating
“A dull truth will not be looked at; an exciting lie will. That is what good, sincere people must understand. They must make their truth exciting and new, or their good works will be born dead.”
Conference STEP to the future
The Society of Trust and Estate Practitioners (STEP) Caribbean Conference 2014, the largest trust conference held in the region annually, will convene at Atlantis from May 12-14, under the theme ‘Exploring the Possibilities’.
Abaco purchases 'moving quickly'
The acquisition of Walker’s Cay is “moving relatively quickly”, a Cabinet minister said, with most of the terms thought to have been agreed by the seller and purchaser.
