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The Government could increase tax revenues by $485 million per annum if it just brought Customs duty and real property tax compliance up to international norms, a Tax Coalition co-chair yesterday warning its potential fiscal reforms were a recipe for “a failed society”.
A senior government official yesterday seemingly ‘wrecked’ salvagers’ hopes for speedy licence approvals, revealing that a moratorium remained in effect and suggesting their motives did not necessarily align with the Bahamas’ national interests.
The second annual Eleuthera Business Outlook is set for April 24 at the Cape Eleuthera Resort and Marina, with Prime Minister Perry Christie the keynote speaker addressing the theme: ‘Charting a course for growth in Eleuthera’.
After three years and 1.3 million man-hours with zero loss time incidents, BORCO (Buckeye Bahamas) celebrated the work of both Bahamian and international contractors in completing its recent expansion project.
Pamela Miller has passed the Series 7 exam after training with the Nassau-based Nastac Group.
I am hosting an international Judo tournament and training camp on May 10.
A Soldier Road-based storage facility has undergone a $250,000.00 refurbishment to upgrade its security features.
THE $3.5 billion Baha Mar development will be the gateway that “opens up” the Asian market for this nation, a leading realtor said yesterday, suggesting that “a lot of moving parts are in place” for the Bahamas to capitalise on it.
A union leader yesterday promised “a revolt” if the Bahamas Telecommunications Company (BTC) tried to outsource even one job, as company insiders suggested there was “a lot of truth” to claims it is planning to move key back office functions offshore.
The Bahamas’ World Trade Organisation (WTO) negotiations “will never” interfere with the Government’s fiscal reforms, the Minister responsible indicating the membership push would be delayed if necessary to assist the latter goal.
The Bahamas must continue to “make the best case” for itself in the face of continuing industry consolidation, a top financial executive saying she did not subscribe to “the gloom and doom” surrounding recent local downsizings.
I represent one of the 18 salvage companies that have applied for an exploration licence since the lifting of the moratorium was announced, and paid the required Government fee of $1,000.
The Bahamian food retail industry was yesterday asked to ‘make the case’ for an increase in its price control margins, a senior industry executive conceding that the restrictions were “not going to go away”.
Bahamas Realty has received a Member Achievement Award from Leading Real Estate Companies of the World (LeadingRE), a global network of more than 500 top real estate firms.
Two weeks ago in this column, I wrote: “Recently, the local press carried stories about growing unrest at the Central Bank of the Bahamas. Apparently, management at the Central Bank is trying to restructure pension arrangements so as to ensure a more sustainable plan going forward.
WITH only several months to go before the targeted opening date, the $2.6 billion Baha Mar development is continuing to make “very good progress”, a senior executive telling Tribune Business he was “absolutely confident” the development would meet its December 2014 opening deadline.
A well-known accountant has described a Supreme Court judge’s decision to remove him as the receiver for a multi-million dollar Abaco resort/marina development as “baffling and perplexing”, adding that the verdict was “detached from reality”.
Food prices would have increased by more than 7 per cent under a 15 per cent Value-Added Tax (VAT), with a sector body warning this tax in any form will be the “straw to break the back of our industry”.
The Bahamas has “a very good chance of being the arbitration centre of choice” for the thousands of employment-related claims generated annually by cruise ship crews, an industry expert believes.
The Government’s financial management systems do not provide “value for money” on public procurement, and fail to co-ordinate its Budget with payroll, having reached capacity.
THE Bahamas must have “the right people” with the required knowledge and expertise if it is going to be taken seriously as an international arbitration hub, an international believes.
KRyS Global, the insolvency and forensic accounting specialist, has added Michael Schulz to its Bahamas office.
THE co-founders of a newly launched private bank believe it is “well-positioned” to emerge as a leader among boutique institutions in the next few years, telling Tribune Business they hope to distinguish themselves in investment performance and execution.
The often-lengthy time taken by the Judiciary to render judgments “does more harm” to the Bahamas’ reputation “than anything else”, a Cabinet Minister has warned.
The Bahamas Financial Services Board (BFSB) is preparing to launch its latest human capital development initiative - The Bahamas Millennials Society, a networking and mentoring club of financial services industry ‘millennial’ workers.