Nassau/PI hotels see 8 revenue rise for August

By NEIL HARTNELL

Tribune Business Editor

The major Nassau/Paradise Island hotels continued to see improvements in key financial indicators through August 2010, with revenues and room nights sold some 8 per cent and 7 per cent ahead, respectively, of 2009 comparatives for that month, with "every month putting the industry closer" to achieving pre-September 2008 crash numbers.

Robert Sands, the B...

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'Catching Almighty Hell' from 15-18 revenue declines

By NEIL HARTNELL

Tribune Business Editor

Bahamian-owned businesses in the Grove and Robinson Road areas are being "strangled" and "catching Almighty Hell" as a result of the decision to carry out multiple roadworks at the same time, a former Chamber of Commerce president yesterday saying two of his outlets had seen sales drop 15-18 per cent as a result.

Dionisio D'Aguilar, president of Superwas...

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DIR projecting $1.6 bil. in revenue collection this fiscal year

While there is still a large amount of tax arrears, the Department of Inland Revenue (DIR) is projecting $1.6 billion in revenue collection this fiscal year.

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Inland Revenue releases VAT holiday instructions

The Department of Inland Revenue (DIR) released instructions yesterday for its holiday on value-added tax (VAT), which runs from August 19 to September 10. This comes after Free National Movement Shadow Minister for Finance Kwasi Thompson released a statement criticizing the government's tardiness in implementing the money saving scheme. In his statement, Thompson cited high inflation ...
The post...

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THEY CAN AFFORD IT: Financial Secretary says Tourism sector has capacity to contribute more government revenue

NASSAU, BAHAMAS — The Ministry of Finance's top official said yesterday that the country's tourism sector has the capacity to contribute additional revenue to the government. Financial Secretary Simon Wilson made the comments during a presentation to tourism stakeholders at a Bahamas Hotel and Tourism Association Board of Directors meeting yesterday.  "There is no effort [...]

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Small business revenue declines blamed on VAT on charter yachts

SMALL business owners said the imposition of VAT on foreign-owned yacht charter fees had contributed tremendously to the industry's decline in the past year.

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Commonwealth Brewery records nearly 16 percent improvement in gross revenue in 2022

NASSAU, BAHAMA — BISX-listed Commonwealth Brewery saw a nearly 16 percent improvement in its gross revenue to $135 million, exceeding the company's previous high-water mark four years ago. The company's 2018 performance had been the highest since the company went public back in 2011, according to its Chairman Julian Francis. "The result reflects the Bahamas' [...]

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Govt revenue?up in?first quarter of 2019/20 fiscal year

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Post Office Department to upgrade for greater efficiency, and generate over $1.9 million in revenue in 2023/24 budget period

Minister of Transport and Housing the Hon. JoBeth Coleby-Davis said the Post Office Department is expected to generate over $1.9 million dollars in revenue during the 2023/24 budget period.

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Pintard criticizes government's "U-turn" on cruise passenger tax, warns of revenue projection impact

NASSAU, BAHAMAS — The Davis administration's recent decision to postpone the implementation of cruise passenger tax increases has created significant disruptions in the government's revenue projections, according to Opposition Leader Michael Pintard. Pintard asserted that the present government's failure to consult with the cruise industry has put at risk the projected $144 million in revenu...

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