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MasterCard is looking to expand its electronic payment offering among Bahamian “non-traditional” merchants, staring with taxi drivers and straw market vendors, yesterday urging them to “get on board” with the technology or “get left behind”.
The Bahamas has no ‘perfect’ tax reform option that will achieve all its economic objectives, a study for the Tax Coalition has concluded, warning that change will inevitably create “winners and losers”.
The Government’s initial 15 per cent Value-Added Tax (VAT) proposal would have slashed the Bahamas’s debt-to-GDP ratio to a “pre-crisis” 33 per cent by 2024, a private sector-commissioned study revealed yesterday.
The fiscal policy reform dilemma facing the Government was yesterday highlighted by a private sector study, which found that while the tourism industry would “fare better”under a payroll tax, the opposite was true for Bahamian households.
The Bahamas Telecommunications Company (BTC) has been staging “war games” to prepare for cellular competition, with its controlling shareholder engaging help from Panama and ex-Digicel executives.
A dissenting Appeal Court judge has described Resorts World Bimini’s actions as “surreal” and “worthy of the description Machiavellian”, yet his opinion counts for nothing after his two colleagues effectively gave the developer permission to continue dredging.
A Cabinet minister yesterday branded ‘cash for gold’ enterprises as “higher risk”, calling for them to be subject to enhanced due diligence and transaction monitoring procedures.
The Bahamas International Securities Exchange (BISX) yesterday unveiled two more investment fund listings.
The Bahamas is hoping for a “final sign off” by the US State Department on its Foreign Account Tax Compliance Act (FATCA) inter-governmental agreement (IGA) by this week, a Cabinet minister said yesterday.
The Bahamas Telecommunications Company (BTC) is aiming to launch its long-trumpeted TV service later this year, after operating profits rose 7 per cent to $128 million in the year to end-April 2014.
Are the lines still blurred between public relations and advertising, and do people still believe that PR is sometimes unpredictable, and advertising too expensive?
More than 100 dignitaries, residents and guests celebrated the opening of Billfish Grill at Palm Cay last week, the first new upscale restaurant in eastern New Providence for many years.
The Bahamas could save up to $500 million per annum with the right energy sector reforms, a Tax Coalition co-chair yesterday saying it was “a joke” to believe this nation’s fiscal and economic woes could be fixed without it.
Commonwealth Brewery has urged the Government to create a fiscal reform ‘level playing field’ that prevents the Bahamas from becoming “a dumping ground” for cheap alcohol imports.
A Bahamian insurer yesterday said it beat 2013 profit targets by 13 per cent, but warned that an all-sides “squeeze” was now threatening an historic net income generator that accounts for almost one-third of its top-line.
DOCTORS Hospital is eying a $1 million hit to its bottom line if health care remains exempt from Value-Added-Tax (VAT), its chief financial officer telling Tribune Business yesterday there was “no getting around” an overall increase in healthcare costs.
A top QC yesterday warned that the US ‘spying’ allegations “hurt us at every level”, and warned that they threatened to undermine the Bahamas’s very business model - that of an international business and financial centre.
Bahamas Petroleum Company’s (BPC) chief executive and chairman yesterday inccreased their shareholdings in the company.
People buy products and services from whom they know and like. So becoming a local celebrity increases the prospects for your business to flourish...... provided people like you.
NATIONAL Insurance Board (NIB) registrants were yesterday urged to ‘police’ their contributions via its online tracking facility, a Cabinet minister noting that it continues to face claims by persons with insufficient contributions.
The proposed Bahamas Electricity Corporation (BEC) and wider energy sector reforms can have “the most revolutionary” impact on the economy, a Tax Coalition co-chair believes, offsetting the impact of Value-Added Tax (VAT) or any alternative.
Family Guardian Insurance Company has donated $500 cheque to assist the Bahamas Technical and Vocational Institute (BTVI) with a 16-week general maintenance course underway in the Berry Islands.
As the Prime Minister and minister of finance, being the minister responsible for the National Museum and the Antiquities, Monuments and Museum Corporation (AMMC), continues to refuse to issue any exploration licences for historical wreck sites, one wonders what is going on at the AMMC.
Exuma has seen a “tremendous 80-100 per cent improvement” in its waterfront real estate market over the past two years, with a leading broker urging the Government to extend the duty-free building materials exemption for another year.
The Bahamas Telecommunications Company (BTC) last night promised to urgently investigate “the integrity” of its cellular network, amid claims that the US National Security Agency (NSA) is intercepting almost every mobile call made in the Bahamas.