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Guess who's coming to dinner? B.B.C. World News

Remember how I’m always writing the importance of stories in marketing and the value other people put on them.

Gov't uged to 'expedite' decision on final VAT rate

A leading small business consultant has urged the government to ‘expedite’ its decision on a definitive Value-Added Tax (VAT) rate.

Treasure Cay in vacation rentals decline due to lack of airlift

TREASURE Cay has seen a loss of 25 per cent drop off in its vacation rental market due to the unavailability of affordable airlift to the destination, a local resort operator telling Tribune Business, “It’s hurt the economy terribly”.

Cabinet approves FATCA model 'in principle'

CABINET has approved “in principle” the Model 1 Foreign Account Tax Compliance Act (FATCA).

World Relays to generate 3,500-5,000 room nights

LOCAL organisers of the International Association of Athletics Federation (IAAF) inaugural World Relays set for next month estimate that 3,500 to just over 5,000 room nights will be generated from just over 1,000 confirmed athletes and coaches and delegates alone.

BNT in nature-based tourism push

THE Bahamas National Trust (BNT) is seeking to develop and promote nature-based tourism in Inagua and Andros, its executive director describing the potential economic impact as “tremendous”.

An apology - letter to the Business Editor

ON April 7, 2014, an article appeared in The Tribune Business Section regarding the Orchid Bay legal matter in which I was critical of an ex parte decision made by Supreme Court Stephen Justice Isaacs, and thus by extension of Justice Isaacs.

FINANCIAL FOCUS: The looming pension gap

Last Monday, both daily newspapers carried stories about our looming pension crisis which seemingly continue to fall on deaf ears. This is a topic which I, and others, have been warning of for years… yet nothing tangible has been done.

Private aviators told: ‘Stop bashing Bahamas’

Private pilots were yesterday urged to stop “bashing the Bahamas” over their increased tax burden, one of its Flying Ambassador’s describing this nation as “still the number one destination” for the industry.

Union: Make worker severance benefits 'priority' creditor

A leading union body has called for changes to the Employment Act that would make employees, and their severance pay/benefits, priority or secured creditors of Bahamas-based companies that went into liquidation.

Coalition 'somewhat miffed' over Gov'ts payroll tax model

The Tax Coalition is “somewhat miffed” at the Government’ seemingly conducting ‘closed doors’ economic modelling to debunk its payroll tax proposal, its co-chair yesterday hitting back by arguing the was Jamaica’s “most efficient” form of taxation.

Bahamas First makes 'major' fraud dent

Bahamas First believes it has made a “significant” dent in the fraudulent use of insurance ‘cover notes’, having received no Road Traffic Department queries since its new system was launched last September.

Superwash invests $3m in 10th outlet

SUPERWASH is investing $3 million in a new “state-of-the-art” laundromat off the Charles Saunders Highway, its president telling this newspaper yesterday that the new location would likely create 10 jobs when it opens in September 2014.

Make widespread tax rises 'last resort'

The Bahamas Hotel and Tourism Association’s (BHTA) president has warned that “across the board tax increases should be a last resort” when it comes to fiscal reform, with this nation’s relatively high prices driving lower resort occupancy levels.

Palm Cay marina in 'major success'

Palm Cay’s marina has “enjoyed amazing success”, its dockmaster attributing this to a southern New Providence ocation that makes it a ‘jumping off point’ for boaters heading to the Exumas.

Broker to launch cyber insurance

A Bahamian insurance broker will next week launch a cyber liability product that can offer $1 million worth of coverage for just a $%400 premium.

Designing complementary values to greater effect

By Deidre Bastian

Businesses 'damaged' by 35-40% freight cost rise

A well-known manufacturer has warned that all Bahamian businesses have been “damaged” by a 35-40 per cent increase in ocean freight rates in the past 18 months, with fiscal reform uncertainties also undermining employment prospects.

'Severely hampered' over legal action against Alliance

Liquidators for an alleged multi-million dollar Ponzi scheme have been “severely hampered” by a lack of financing in their efforts to recover a $5 million investment, and pursue legal action, against a BISX-listed company’s main affiliate.

Blackbeard's Cay 'opened four months' before key dolphin licence filed

Environmental activists yesterday alleged that the multi-million dollar Blackbeard’s Cay project opened its doors more than four months before it applied for a ‘premises licence’ for its captive dolphin encounter.

Bahamas First 'fully expecting better' 2014

Bahamas First yesterday said it was “fully expecting this year will be better” than 2013, when total comprehensive income rose 13.2 per cent despite an almost-$2 million hit from May’s floods.

Bahamian students win arbitration competition

Two Bahamian students won a trip to Miami for an arbitration event, where they gained expertise from the world’s leading practitioners.

BFSB, regulators to attend captive forum

Representatives from the Bahamas Financial Services Board (BFSB) and the Insurance Commission of the Bahamas (ICB) will attend the annual Risk & Insurance Management Society (RIMS) Conference, which takes place in Denver from April 27 – 30.

Airfare credit in 30-day extension

IN an effort to help boost demand and fill room inventory through May and into June 2014, the booking window for the $250 instant airfare credit will be extended for 30 days, according to tourism director general David Johnson.

Resorts report high Easter occupancies

OUT Island resort properties are reporting high occupancies for the Easter holiday weekend, Sandals Emerald Bay Resort telling Tribune Business it would be full due in large part to the island’s annual regatta coinciding with its reunion week.