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The Employment Act makes no distinction between full-time and casual workers, the director of labour calling on companies not to discriminate in how they are treated.
Tourism suffered a “lacklustre” performance in February with total room revenues off 2.8 per cent, the Central Bank of the Bahamas attributing part of the decline to weather-related cancellations.
Some “99 per cent” of Bahamian businesses are being excluded from cruise tourism’s benefits by the exclusive arrangements the lines reach with favoured onshore providers, a well-known QC is arguing.
The Balmoral’s principal yesterday said he anticipated earning $65-$70 million in total sales revenues from his new luxury condominium project, having sold 28 per cent of available units prior to its launch.
A trade union leader yesterday described the spread of part-time, casual work as “a major concern’, warning that it threatened to both leave Bahamians “in dire straits” and completely change the industrial relations landscape.
A key Ministry of Finance adviser yesterday said the Government’s improved fiscal performance may provide “more leeway” on the timing and extent of tax reform, with revenues running ahead of last year’s figures for the past three-four months.
UBS (Bahamas) has seen its bid to appeal the reinstatement of a $34.2 million claim linked to Bernard Madoff’s infamous ‘Ponzi’ scheme to the Privy Council rejected by the Court of Appeal.
The Government is confident that adopting Value-Added Tax (VAT) will lead to a significant reduction in cases of tax fraud, a legal expert in the Ministry of Finance affirmed.
ESSO retailers are they anticipating a relatively smooth transition with no major changes to their operations, now that the Barbados-based Sol Group has consummated its acquisition, with some already noticing improvements in maintenance and repair response.
A leading Bahamian airline executive yesterday praised the Government’s bid to slash airspace overflight fees for locally-registered aircraft, saying this cost his carrier and others around $100,000-plus per year in fees paid to the US.
THE Bahamas could “very quickly” join the likes of Haiti and Jamaica as an economic bail-out case if it fails to arrest its current annual $443 million fiscal deficit, a Tax Coalition co-chair has warned.
Sandals is training more than 1,000 staff to become Emergency First Response (EFR) certified in case of emergencies on and off the resort campus.
By Ian Ferguson
The Grand Bahama Port Authority (GBPA) yesterday denied it is deliberately delaying a Business Licence for the Bahamas Marine Pilots Association (BMPA), and refuted claims it had a ‘conflict of interest’.
A Bahamian broker/dealer and its principal were elated yesterday after a court threw out a US regulator’s claims that they knowingly helped perpetrate, and participated in, an $11 million securities fraud.
The Bahamas should offer work permit and licence fee waivers to “sweeten the pot” for captive insurers, a leading financial executive yesterday expressing hope that Marsh’s capture would have “a snowball effect” for the jurisdiction.
Bahamian resorts have seen their room tax and Business Licence payments increase by 66 per cent and 250 per cent, respectively, since 2010, a senior industry executive today warning this nation will “pay a hefty price” for misguided tax policies.
Satellite Bahamas and its principals, the Garraway brothers, have agreed to a permanent bar on being able to offer DIRECTV’s programming to clients in the Bahamas and other countries, Tribune Business can reveal.
The Government would “be better off” outsourcing collection of $557 million in unpaid real property taxes to a foreign company, a leading businessman yesterday arguing this would prevent family and political pressures from undermining the initiative.
Paint Fair, a Grand Bahama-based firm specialising in coatings since 1980, was recently presented with the ‘Protective Coatings Caribbean Leader in Growth’ award.
A Court of Appeal judge has urged the Government and Resorts World Bimini not to “jeopardise proceedings” by forging ahead with construction of the latter’s controversial cruise terminal while the action challenging it remains live.
EY Bahamas (formerly Ernst & Young) has engaged a New Zealand-based partner and tax specialist to help prepare clients and Bahamian companies on Value-Added Tax’s (VAT) implementation.
THE Government has begun talks with the Federal Aviation Administration (FAA) over management of Bahamian airspace, a Cabinet Minister yesterday disclosing it was seeking an arrangement to share revenues from overflight fees and exempt Bahamian airlines from these charges.
A Bahamian broker/dealer and its principal have seen their bid to dismiss one of two US regulatory lawsuits against them rejected by the southern New York court, Tribune Business can reveal.
A LEADING homeowner at Exuma’s controversy-torn Oceania Heights project yesterday expressed disappointment that just 27 per cent of property owners had to-date paid their 2014 maintenance fees, telling Tribune Business he and several others were “busting our ass to turn this around”.