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Development Bank eyes 37% loss fall

THE Bahamas Development Bank’s (BDB) chairman expects a 37 per cent reduction in its 2017 net loss to $1.2 million, and pledged: “We are headed in the right direction.”Lynden Nairn told Tribune Business in a recent interview that the Board is laying

'Shooting in the dark' over WTO's impacts

The private sector is “shooting in the dark” over World Trade Organisation (WTO) membership’s impact due to the absence of proper economic analysis, the insurance sector chair is warning.Emmanuel Komolafe, adding his voice to similar concerns already

Don’t alienate NGOs in creating ‘political stink’

The Opposition’s leader yesterday warned the Government not to “alienate” non-profit groups and their donors by creating a “political stink” around the $51m COVID food assistance initiative.

Global accounting chief: VAT 'most complex of taxes'

The Baker Tilly accounting firm’s global head yesterday described Value-Added Tax (VAT) as “the most complex of taxes”, mandating that its Bahamian affiliate become “an expert” on the issue.

Minister wants an end to cash for gold

NATIONAL Security Minister Bernard Nottage called for the closure of the country’s cash for gold stores, as well as a ban on copper exports, in light of statistics showing that more than half of all armed robberies are involving jewellery or copper.

Port to generate $5.8m for Gov't

The Nassau Container Port is projecting that it will generate $5.8 million in ‘top-line’ revenues for the Government in the year to end-June 2014, with the company having slashed its annual financing costs by $500,000.

Breezes owner calls for tourism 'export' status under VAT

SuperClubs Breezes owner has called on the Government to treat tourism as an export industry for Value-Added Tax (VAT) purposes, adding that Nassau and the Bahamas would “see a real uptick” in the economy by 2015.

What of the future? A Pandora’s Box has been opened

WE do not agree with Bishop Simeon Hall that there should be no reaction from those Bahamians, yet to receive government’s promised assistance for their financial losses when CLICO (Bahamas) collapsed, on learning that the government has paid the salaries of more than 2,000 Baha Mar employees who are now jobless.

We should have read the tea leaves better

TALKING as a labour unionist, which he is, but not as the statesman that he should be, Labour Minister Shane Gibson expressed disappointment that in the consolidation of its business, Scotiabank (Bahamas) is focusing on financial gain rather than on the lives of the 50 Bahamians to be laid off within the next six months.

YOUNG MAN'S VIEW: We need to embrace change

This is my final column for the year - a column on perspective.

‘Lucrative prospects’: ArawakX refutes $2.4m insolvency woes

The Bahamas’ first-ever crowd-funding platform is asserting it has “lucrative prospects” rather than a $2.4m solvency deficiency as it bids to defeat the Securities Commission’s bid to wind-up its operations.

What you don't know can't hurt them

SO, trying to kill someone can be considered a big deal in the Bahamas after all.

Bahamas strikes 'crossroad' as work permits earn $20m in Q1

A Cabinet minister yesterday said The Bahamas is at a "crossroad" in combating work permit violations as he revealed the Government is mulling legal reforms to hold companies liable for breaches by their sub-contractors.

STATESIDE: Special counsel Jack Smith and the Elliot Ness comparison

JACK Smith is Elliott Ness. Or is he? Especially before he grew a scraggly beard, Smith resembled Kevin Costner playing the Treasury Department’s legendary crime-fighter and nemesis of notorious Chicago Depression-era gangster Al Capone, depicted by the peerless Robert DeNiro in 1987’s celebrated movie “The Untouchables.”

PAHO team says residents by landfill 'acutely affected' by fumes from fire

THE recent fires that plagued the Harrold Road landfill in early March of this year were a turning point for many residents on New Providence who suffered the shutdown of schools and public facilities, and in some cases, had to be evacuated from their homes.

Ex-MP wins 2% of claim over his ‘most humiliating episode’

An ex-PLP MP has won just two percent of his $84,420 legal claim against the government for what he described as “the most humiliating episode of my professional career”.

A COMIC'S VIEW: Hemp, Hemp, Hooray!

AS we continue to linger as a nation, waiting for a final decision to be made on the decriminalisation and legalisation of medicinal and recreational marijuana, our neighbours to the north who we love to emulate so, recently made some monumental decisions in regards to decriminalising and legalising marijuana, medicinally and recreationally.

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