Bahamas First to 'slightly exceed' '12's $5.7m profit
Bahamas First believes it is on track to match or “slightly exceed” last year’s $5.689 total comprehensive income in 2013, as it continues to seek both local and Caribbean acquisition opportunities.
Food retailers fear 12% VAT cost rises
Bahamian food retailers fear the Government’s Value-Added Tax (VAT) legislation will have a “profound impact” and result in job losses, increasing their cost base by up to 12 per cent.
Bimini injunction would have grown developer loss 15%
The developers behind Bimini’s controversial cruise terminal would have suffered “severe and dire consequences”, amounting to a 10-15 per cent increase in their projected $11 million operating loss for 2014, had the Supreme Court blocked its construction.
Cigarette manufacturer targeting $3m in sales
A Grand Bahama-based cigarette manufacturer is reporting “excellent market interest” in its Palms brand less than three months after its launch, with sales exceeding initial expectations.
Bimini ruling 'stifles access to justice'
The Supreme Court’s decision not to grant an injunction halting work on Bimini’s controversial cruise terminal sets a precedent that “stifles access to justice” for ordinary Bahamians.
Hotels unanimous on 'unsuccessful' VAT
Bahamian hotels unanimously believe the Government will be “unsuccessful” in implementing Value-Added Tax (VAT), and that it will ultimately deter inward investment.
Dairy Queen's $400k expansion creates 14 jobs
The Dairy Queen franchise has created 14 new jobs through its $400,000 expansion to Cable Beach, its principal yesterday disclosing ambitions to grow beyond its fourth location with outlets in downtown Nassau and other islands.
Developer's 'unwavering commitment' to Bimini
The developer behind Bimini’s controversial cruise ship terminal yesterday pledged “unwavering commitment” to the island and the project, despite opponents “jumping for joy” over their night-time sailing ban.
Fortify coast for economic growth
The Bahamas’ growth and economic diversification “depend” on fortifying its coast against natural threats, the Inter-American Development Bank (IDB) noting that 60 per cent of its gross domestic product (GDP) is generated by these areas.
'We can't tax our way out'
The Tax Coalition’s co-chair yesterday reiterated that the Bahamas “cannot tax our way out of” the current fiscal crisis, as he urged this nation to avoid the “disturbing” example set by Barbados.
FamGuard net profits up 26% as annuities double
Family Guardian’s BISX-listed parent has unveiled a 26 per cent net income increase for the nine months to end-September 2013, aided by annuity deposits more than doubling year-over-year.
ICD Utilities in $1.25m dividend
BISX-listed ICD Utilities is making its first capital return to shareholders in three years, as it prepares to pay out a collective $1.25 million dividend on January 3, 2014.
BNT lauds Bahamas return to top 10 ethical nations
Ethical Traveler, a non-profit organisation that compiles an annual list of countries to visit around the world, has named the Bahamas in its World’s Ten Best Ethical Destinations for 2014.
Outlook conference unveils presenters
Focusing on ‘Charting a New Course for Growth in 2014’, Prime Minister Perry Christie will lead the speaker schedule for the 23rd annual Bahamas Business Outlook (BBO).
A father's gift to social peace
By Ian Ferguson
