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Amendments to the Bahamas’ Standards Act could be completed by month’s end, the acting director of the proposed Bahamas Bureau of Standards yesterday revealing it was looking to adopt nine standards within a year’s time.
Baha Mar yesterday said no jobs will be lost through its decision to convert the Wyndham Nassau Resort into its training facility as of today.
For some time we have recognised the strong link between education and industry, and the role they must both play in ensuring the economic viability of the Bahamas.
AML Foods 2013 annual profit would have been wiped out by the $1.5 million annual cost increase the company is projecting from Value-Added Tax (VAT), its chief executive yesterday pledging: “We’re not going to let that happen.”
AML Foods is aiming to resume investor dividends based on “significantly improved results” for its first quarter to-date, after yesterday unveiling a 45 per cent year-over-year profit increase for the final period of its 2014 financial year.
The Government’s proposed 150 exemptions risk making Value-Added Tax (VAT) “too damn complicated”, a well-known businessman yesterday warning this would result in increased tax rates and non-compliance.
A BISX-listed company has upgraded support for its main broker/dealer subsidiary to a guarantee that will ensure it remains financially solvent until end-April 2015, in a bid to assuage the Securities Commission’s ongoing concerns.
Value-Added Tax (VAT) is not the best fiscal reform option for the Bahamas because “it does not hit the rich”, a leading financial analyst is arguing.
THE TRADE Union Congress’s (TUC) president yesterday urged the Government to “bring clarity” to vacation entitlements, arguing: “It’s either the practice or the law”.
A top trade unionist yesterday charged that there has been a “complete breakdown” in labour relations in the Bahamas, warning that a mass strike could be imminent unless the Government decides to “do the the right thing”.
“A dull truth will not be looked at; an exciting lie will. That is what good, sincere people must understand. They must make their truth exciting and new, or their good works will be born dead.”
The Society of Trust and Estate Practitioners (STEP) Caribbean Conference 2014, the largest trust conference held in the region annually, will convene at Atlantis from May 12-14, under the theme ‘Exploring the Possibilities’.
The acquisition of Walker’s Cay is “moving relatively quickly”, a Cabinet minister said, with most of the terms thought to have been agreed by the seller and purchaser.
NUA Insurance Agents & Brokers is targeting up to 3,000 clients with its newly-launched cyber liability insurance coverage, a product designed to give businesses protection from online exposures such as e-theft.
An oversubscribed offering resulted in all eight residences in Palm Cay’s second phase Anchorage condominium project being snapped up at the weekend, and created a waiting list for more.
An Argentine developer and his Ukrainian-born billionaire partner are the duo seeking to acquire the One & Only Ocean Club from Brookfield Asset Management, Tribune Business can reveal, although no deal has been sealed yet.
Baha Mar discussed delaying its target December 1, 2014, opening date with at least one of its proposed resort operating partners, court documents have revealed.
A key Cabinet minister said yesterday that Morgans Hotel Group’s move to terminate its management agreement with Baha Mar was not “overly concerning”, suggesting that other brands would be “clamouring” to get on-board with the $2.6 billion development.
A Tax Coalition co-chair yesterday described improving the Government’s financial reporting to meet international standards as “non-negotiable”, and urged the Bahamas to follow New Zealand’s lead by legislating fiscal responsibility.
A former Bahamian broker/dealer and its principal have submitted eight defenses to allegations by US regulators that they participated in an “illegal unregistered offering and sale” of securities that netted $11.4 million for clients.
Environmental activists were outraged yesterday after a mammoth dredger arrived off Bimini, and expressed fears that construction of a controversial cruise ship terminal was pressing ahead in contravention of the Court of Appeal’s warning.
The Central Bank of the Bahamas yesterday warned that this nation’s recovery remained “very fragile”, with official government data suggesting the economy grew by “a mere” 0.7 per cent in 2013.
The Government is still aiming to develop an “integrated and comprehensive” package of reforms that would create a Bahamian Land Registry, a Cabinet Minister telling Tribune Business this was part of wider economic development and planning efforts.
Another meeting of the Exuma Advisory Council has been called by the island’s Chamber of Commerce next month, this time to be held at Sandals Emerald Bay.
You should strive to make your products and services newsworthy. If you say it, it is either based on sales or you are bragging, but when The Tribune or the BBC reports it, it is news, fact, and a positive affirmation for what you are doing.