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MORE than 25 years after Commonwealth Bank introduced SunCard as the first Bahamian dollar credit card, it yesterday announced it will marry the brand with the strength and loyalty programmes of MasterCard.
Higgs & Johnson was a luncheon sponsor of the 2014 Society of Trust and Estate Practitioners (STEP) Caribbean conference held in the Bahamas.
Upon successful completion of the modules, participants received internationally-recognised ProNet certificates. Pictured from L to R is Kevin Jones, advisor, competitiveness and innovation - CEDA; Garnell Frith, owner of Dollar Deals; and Ian Rolle, GBPA president
Commonwealth Bank executives said yesterday they were “cautiously optimistic” regarding the bank’s performance outlook for the remainder of 2014, after reporting a $13 million profit for the three months ended March 31.
Licensing and permit delays for its medical tourism programme cost Doctors Hospital $1.275 million in its last financial year, helping to propel it to a collective $261,391 net loss.
A former finance minister has blasted the private sector for continuing to criticise the Government despite largely getting the Value-Added Tax (VAT) regime it wanted, arguing that many did not understand the fiscal “complexities”.
The Bahamas Striping group is “90 per cent there” in talks with the Government over an $8.25 million ‘public-funded partnership’ (PFP) for airport and road maintenance throughout the Bahamas.
A key Ministry of Finance consultant “suspects” the Government has given itself enough breathing room to deal with the private sector’s post-Budget ‘double taxation’ fears, adding: “We don’t have two shots at this.”
The 2014 National Culinary Team will be cashless at the Taste of the Caribbean Competition…..but that’s a good thing.
Foreign direct investment (FDI) inflows into the Bahamas fell by 29 per cent year-over-year in 2013, a United Nations (UN) body has reported.
The Tax Coalition has four months to “convince” the Government that commitments to spending curbs are “essential”, a co-chair adding that expenditure increases across 30 ministries do little to inspire confidence.
THE Bahamas Agriculture and Marine Science Institute (BAMSI) will create a business incubator to help agricultural producers seeking financing or joint venture opportunities.
An eastern New Providence real estate development is “slightly ahead of schedule” on construction of its condominiums, with roof trusses in place before the roof due date.
Exumians want “to be more than employees” in the numerous multi-million dollar investment projects than can “transform” the island’s economy.
The Government has seemingly failed to act on the Tax Coalition’s spending and compliance recommendations to ensure reform buy-in, and outright rejected calls for their to be “proportionate reductions” in border taxes.
Super Value’s owner yesterday urged the Government to publish its list of Value-Added Tax (VAT) ‘exempt’ items, and called for prices to be confined to store shelves - not the products.
The price impact from the Government’s decision not to drop import tariffs in proportion to 7.5 per cent Value-Added Tax (VAT) will “not be as radical” as many in the private sector believe, a Tax Coalition co-chair argued yesterday.
A Bahamian resort developer yesterday said that together with a proposed Four Seasons property nearby, they would “exceed South Eleuthera’s glory days” that were experienced under Pan-Am founder Juan Tripp.
A leading auto dealer yesterday urged the Government to clarify whether it will levy its 7.5 per cent Value-Added Tax (VAT) at the border, warning that the tax burden will be “worse” than its initial model if it does.
A Tax Coalition co-chair yesterday called for “a concerted effort to make the Business Licence more business friendly”, after the Government failed to heed its advice to reduce it to 0.5 per cent for all VAT-registrant firms.
THE Downtown Nassau Partnership (DNP) is talking to the Prime Minister’s Office over additions to the City of Nassau Revitalisation Act, which would boost development along Nassau’s waterfront, its managing director saying: ”We want to create a living city”.
Bahamian Delino Moss took the top spot of valedictorian at Sandals’ Management Trainee Programme (MTP) graduation this week.
Andbank (Bahamas) is moving to develop Bahamian talent, starting with two College of the Bahamas (COB) students.
DUTY reductions on hybrid vehicles should also be offered on traditional autos that provide similar or better fuel efficiency, a leading dealer said yesterday, noting that the proposed 35 percentage point duty reduction on hybrid trucks was not enough to offset the high technology cost.
The Government yesterday backtracked “by leaps and bounds” on its key fiscal reform, cutting the proposed Value-Added Tax (VAT) rate in half and bringing other key features into line with private sector and consultant recommendations.