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IMMIGRATION director William Pratt said yesterday that private pilots would incur overtime fees outside of normal work hours, regardless of whether they were flying for pleasure recreational purposes.
A world-renowned personal finance expert yesterday backed the Government’s drive to make pensions mandatory in the Bahamas, and added: “You can still save yourselves from a financial nightmare.”
THE Government was yesterday urged to implement procurement policies consistent with best international practices, a leading contractor charging that there was absolutely nothing in place to protect the public’s investment.
BAHAMIAN food retailers said yesterday that any tariff rate increase by the Nassau Container Port will ultimately be passed on to consumers, charging that the facility’s monopoly position as New Providence’s sole port left importers with “nowhere else to go”.
Prime Minister Perry Christie will deliver the keynote address at the third annual Andros Business Outlook, which is scheduled to take place on May 15 at Love at First Sight Hotel & Restaurant in Stafford Creek.
In an industry dominated by men, Sandy Campbell, one of a handful of female merchant mariners in the world - and one of 15 in the Bahamas - has made it her mission to share the joys, challenges and triumphs of the profession with high school students and young adults.
The Nassau Container Port will likely increase its tariff rates by July 1, but its top executives say the private sector is unfairly blaming it for 30-40 per cent freight cost increases.
Fidelity Bank (Bahamas) has bucked the commercial banking sector’s overseas ‘outsourcing’ trend by consolidating back office operations in the Bahamas, a move that increased staff numbers by 6 per cent in 2013.
Cable Bahamas is currently excluded from 55 per cent of the Bahamian communications market, a senior executive arguing it should be “in top spot” to gain the second cellular licence.
Immigration overtime fees are “violating” the ‘Bill of Rights’ that governs how this nation treats visiting private pilots, a well-known guide for Caribbean aviators has charged.
The Arawak Port Development Company (APD) is assessing multi-million dollar development opportunities beyond this nation’s borders, as it moves to “significantly raise the bar” for all Bahamian port operations.
The Bahamas Financial Services Board (BFSB) and the Insurance Commission of the Bahamas (ICB) attended the annual Risk & Insurance Management Society [RIMS] conference that took place in Denver from April 27 - 30.
The Bahamas Oil Refining Company (BORCO) has retained its largest storage customer through a long-term agreement that will yield higher rates, its parent has revealed.
A Bahamian company has announced it will work with a Chinese travel agency to boost luxury visitors, and will support the latter’s newly-launched initiative linking Key West and this nation.
A leading food retailer has warned Bahamian consumers to brace for further price increases resulting from global supply shortages, with pork and beef costs potentially rising 10-12 per cent.
A well-known Bahamian Facebook group is asking the Central Bank of the Bahamas to examine the Automatic Teller Machine (ATM) fees levied locally when customers use the machines at another bank.
THE Government should implement an “across the board” Value-Added Tax (VAT) rate of 10 per cent, a leading small business consultant suggesting the tax be implemented via a six-month pilot programme beginning in January 2015.
THE Government should set tariffs as high as 150 per cent on imported bottled water, a local manufacturer arguing that “hundreds of jobs” could be created from such a policy.
Baha Mar is demanding that the Supreme Court order SuperClubs Breezes to pay it more than $337,000 in alleged past-due rent and wastewater treatment expenses, plus compensate it for expenses associated with environmental clean-up.
SuperClubs Breezes and Baha Mar are embroiled in a furious legal battle over a land swap agreement that is critical to the $2.6 billion Cable Beach redevelopment, with replacement of a “toxic” wastewater treatment plant at the dispute’s heart.
Leno Corporate Services’s principal yesterday lost the latest stage of his legal battle against former employer, Colina Financial Advisors (CFAL), after failing to show his termination was “anything other than redundancy”.
A Tax Coalition co-chair yesterday said the implementation of a new taxation system in 2015 was “totally doable” given the right collaboration between government, the public and private sector, reiterating that tax reform without fiscal reform would “only address the symptom and not the core issues”.
The Bahamas’ policy towards the multi-million dollar private pilot market was in total chaos last night, with Customs and Immigration line staff totally unaware of recently-issued marketing materials promising no overtime fee charges.
Cable Bahamas is forecasting that net income will increase by 130 per cent over the next five years as a result of its Florida expansion, with its US interests ultimately accounting for one-third of its bottom line.
Following his successful re-launch of the iconic Traveller’s Restaurant on West Bay Street, investor Jaime Dingman is setting his sights on revitalising the downtown Nassau experience via the opening of Island Smokehouse.