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The Bahamas Institute of Chartered Accountants (BICA) met with the New Zealand consultants on Value-Added Tax (VAT) to discuss how it can help with the fiscal reform public education process.
The Central Bank of the Bahamas governor yesterday said the regulator had “no power” to control what commercial banks charged their customers for individual transactions, although she acknowledged Bahamian concerns over the “lack of transparency” on teller machine fees.
THE Grand Bahama Port Authority (GBPA) and Port Group (PGL) yesterday announced the resignation of vice-president Ginger Moxey.
A group pushing for lower Grand Bahama Power Company electricity rates said yesterday Tribune Business’s revelations that the utility monopoly had exceeded its regulator-approved rate of return had given it “excellent grounds” to intensify its campaign.
A Bahamian realtor is aiming to give a whole new meaning to the term ‘second homeowner’ by focusing on the local market, and is suggesting that the Government offer similar tax incentives to those granted to foreign buyers.
Say what? Bad grammar in advertising? Is using bad sentence structures in an advertisement an excuse to appear laid back and cavalier, or does it make for a sleeker advert?
The International Association of Administrative Professionals (IAAP) Bahamas Chapter has celebrated Administrative Professionals Day with its annual luncheon at SuperClubs Breezes, where the Boss of The Year (BOTY) and the Administrative Professional of The Year (APOTY) were named.
Opponents of Bimini’s controversial cruise ship dock are urging the Court of Appeal to prod the developers into disclosing whether they have obtained the necessary dredging permits, following the arrival of a massive dredger off the island’s coast.
THE Bahamas National Trust (BNT) yesterday said it would make a formal request to the Government to provide a full Environmental Impact Assessment (EIA), and supply more details, over a proposed $50 million aragonite harvesting and manufacturing project off eastern Grand Bahama.
PRIME Minister Perry Christie yesterday confirmed the Government had agreed to roll back the new and increased taxes levied on Freeport in the 2013-2014 Budget, stating that the decision would help create hundreds of new jobs on the island.
The Bahamas Property Fund’s administrator yesterday said “the future lies” with securing multiple small tenants instead of larger ones, as it moves to seal the resolution of a $1.082 million tax dispute with the Government.
Grand Bahama Power Company’s earnings exceeded its regulator-approved rate of return by $5.26 million for the 18 months to end-December 2013, with its bottom line undergoing an almost-$29 million year-over-year reversal.
THE Bahamas Chamber of Commerce & Employers Confederation (BCCEC) said yesterday that that even the threat of strike action, as suggested by the Trade Unions Congress (TUC), could have a destabilising effect on the economy and business environment “at a time we could least afford”.
No one wants to eat at an empty restaurant. Even if the food is of good quality, absolutely no one wants to eat there.
A consultant to the Bahamas Agriculture & Marine Science Institute (BAMSI) said yesterday that it was “critical” the necessary policies were implemented to underpin its work, and that Bahamian producers were ensured access to the local market.
The Arawak Port Development Company (APD), the Nassau Container Port’s (NCP) operator, has announced the launch of a new safety initiative.
A ‘low cost’ US airline will bring almost 55,000 seats into the Nassau market annually once it launches service by July 1, its officers yesterday describing this nation as “the jewel in the Caribbean”.
THE Government is reviewing the $9,000 cap on produce sold by individual farmers via packing houses, a senior Bahamas Agriculture and Industrial Corporation (BAIC) executive said yesterday, emphasising the need for an increase in local production.
The Government has again been found guilty of failing to follow its own statute laws, with the Supreme Court overturning its acquisition of land worth $1.23 million that was seized for a public park in Pinewood.
Cable Bahamas’s $100 million preference share issue was oversubscribed on its first day, but Bahamian institutional investors were yesterday urged to continue buying in as the company will “take what it can get”.
Lyford Cay financier, Viktor Kozeny, has suffered a reversal in the New York state courts that potentially paves the way for the Czech authorities to seize $22 million of his assets.
The Arawak Port Development Company (APD) is gearing up to launch a June initiative that will benefit safety standards at both the Nassau Container Port and on New Providence’s streets.
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.
The Bahamas is among the “most favoured” Caribbean jurisdictions for non-bank hotel industry financiers, with lenders expressing some concern that the $2.6 billion Baha Mar project may create room inventory over-capacity.
The Ministry of Housing has issued 23 contracts to Bahamian companies to complete the build-out of Strachan’s Hill Estates, after receiving $2.5 million in initial financing.