Bahamas First: No ‘abrupt change’ as profits drop 41%
Bahamas First’s top executive yesterday said there was “no reason to change” investment strategy after profits fell 41 percent in 2018 due to a negative $6.7m swing in portfolio values.
Govt missing ‘forest for trees’ on fiscal policy
The government is in danger of “missing the forest for the trees” through its obsession with fiscal numbers and targets, a former finance minister warned yesterday.
Communications sector below $400m revenues - a first in five years
Communications sector revenues dipped below $400m for the first time in five years during 2018, with both fixed-line voice and pay TV subscribers falling year-over-year.
Enforcement critical to new watersports laws
AN Exuma watersports operator yesterday urged the government to ensure tighter regulations on the sector are properly enforced with business “rebounding” after last year’s fatal tragedy.
Crawfish season close ‘one of best in 20 years’
BAHAMIAN fishermen yesterday described the recent crawfish season as “one of the best in a long time”, attributing this to the Defence Force stepping up its fight against poachers.
Ex-minister takes deputy chair role with developer
A former Cabinet minister has been named deputy chairman of Eleuthera Properties Ltd, the developer behind the Jack’s Bay Club project.
Bahamas mixes well with ‘islands’ taste’
Bahamian food and drink proved extremely popular at the recent Taste of The Islands Experience in downtown Fort Lauderdale, with long lines attracted to this nation’s booth.
Insurers ‘very close’ to VAT dispute settlement
Bahamian insurers were yesterday said to be “very close” to resolving their value-added tax (VAT) dispute with the government that has been “hanging over” the sector for the past year.
BICA chief: Govt faces 20% revenue shortfall
The Bahamas Institute of Chartered Accountants (BICA) president yesterday warned the government could miss its full-year revenue target by “as much as 20 percent” based on current data.
Lucayan managers ‘unanimously’ agree $4.4m payout deal
Grand Lucayan managers were yesterday said to have “unanimously” accepted the government’s improved $4.4m payout deal, with a trade union leader expressing delight at the outcome.
Govt cut national debt by $26.4m during fiscal Q3
The government lowered its direct contribution to the national debt by $26.4m during the 2018-2019 fiscal year’s third quarter, its just-released “fiscal snapshot” reveals.
Bahamas Waste chief hails ‘best year in 30-year history’
Bahamas Waste’s chairman has hailed the company’s “best year in its 30-year history” after 2018 profits soared 18 percent year-over-year to $1.348m.
DPM and Opposition renew fiscal quarrel
The deputy prime minister and his Opposition counterpart yesterday renewed their verbal battle over whether the Government will hit its 2018-2019 fiscal objectives.
Water Corp chair denies minister’s consult reveal
The Water & Sewerage Corporation’s executive chairman yesterday denied a Cabinet minister’s suggestion he had been consulted on the strike certificates issued for both its trade unions.
‘We won’t use up $108m headroom’
The Ministry of Finance’s top official yesterday voiced optimism that the government will not squander the “$108m headroom” created by the fiscal third quarter’s $40m budget surplus.
