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THE Government was yesterday urged not to outsource collection of its $550 million-plus real property tax bill to debt collectors, but instead to triple the interest penalty rate and sell these liabilities as an ‘investment opportunity’.
THE Bahamas’ ranking as the Caribbean’s leading logistics performer is “just the tip of the iceberg” when it comes to this nation fulfilling its transhipment potential, a Cabinet Minister said yesterday.
THE Bahamas Chamber of Commerce and Employers Confederation (BCCEC) will take a position with respect to gaming at the upcoming conclave with its sister bodies, its chairman saying it was in support of “free enterprise”.
THE manner in which trade unions and their members have been dealt with over the past several months has “taken a turn for the worse”, the Trade Union Congress’s (TUC) president said yesterday, adding that there had been a noticeable deterioration in labour relations in the Bahamas.
THE Caribbean Export Development Agency (Caribbean Export) got CREATE-ive when it launched its latest publication, titled ‘CREATE’, which applauds the successes of entrepreneurs in Caribbean creative industries.
CONSTRUCTION work on North Abaco’s new $39 million port is expected to begin in two months, island residents were told at a Town Meeting earlier this week.
THE DEPUTY Prime Minister said yesterday that “all options remain open” open to Cabinet on the Bahamas Electricity Corporation (BEC) reform process, adding that recommendations from key advisors in the process were now up for consideration.
WHEN I initially wrote my first book, ‘Combat Jujutsu: the Lost Art’ back in 1991, it sold like hotcakes.
THE Bahamas will face severe economic consequences if the Government fails to quickly get its fiscal house in order, the Ministry of Finance’s financial secretary has warned.
The Supreme Court’s $250,000 ‘security for costs’ Order against opponents of Bimini’s cruise ship terminal and dock “is a further nail in the coffin” of public interest Judicial Review actions, an environmental activist has alleged.
The Bahamas needs to position itself as a ‘low tax’ jurisdiction to access potential benefits from tax and investment treaties with other countries, a Tax Coalition co-chair warning yesterday that a ‘flat’ or ‘no tax ‘ posture would “cause problems”.
Freeport’s marine pilots yesterday said their main goal is to “standardise” the industry in the Bahamas and ensure it meets international standards, amid concerns their “scorched earth policy” could undermine the city’s maritime and industrial concerns.
Whilst we are all living longer, we must ensure we do not outlive our accumulated pension savings. In fact, this is perhaps the single greatest challenge that will confront ‘baby-boomers’ who will be retiring annually (in large numbers) over the next 20 years.
THE Business Licence issuance and renewal process is “too long, too convoluted” and needs to be reformed, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman said yesterday.
THE BAHAMAS Chamber of Commerce and Employers Confederation (BCCEC) is getting set to host the first National Conclave of Chambers of Commerce in the Bahamas.
The private sector’s Tax Coalition has added its voice to those urging that Price Controls be abolished, warning that food store overheads would have increased by between 7.5-12 per cent under a 15 per cent Value-Added Tax (VAT).
Satellite Bahamas and its principals, the Garraway brothers, are hoping to settle DIRECTV’s multi-million dollar piracy lawsuit against them by tomorrow, Tribune Business can reveal.
The Bahamas Chamber of Commerce and Employer Confederation’s (BCCEC) chairman said yesterday he is hoping to “flip the script” on south Florida by helping Bahamian businesses to establish a physical presence there.
Research from a long-term study reveals that the year mega-resort construction in Bimini deforested almost half a lagoon’s mangrove shorelines, the survival rate of newborn lemon sharks plummeted to only 26 per cent.
A controversial Austrian businessman with a history of regulatory run-ins has emerged as the third, secretive bidder for New Providence’s South Ocean resort property, Tribune Business can reveal.
The Bahamas suffered a 40.6 per cent fall in UK stopover arrivals in the six years to 2013, with a senior hotel executive expressing hope that London’s aviation tax cuts will have an “overarching positive impact” in reversing this trend.
Freeport’s marine pilots have accused the Grand Bahama Port Authority (GBPA) of “neglecting its duties as a regulator”, and will likely initiate a Judicial Review legal action if it fails to reactivate their Business Licence.
THE Bahamas Telecommunications Company’s (BTC) chief executive says the launch of its television product is “back on the agenda”, expressing confidence that the company would get it to market within the next 12 months.
The Government believes the purchase of Walker’s Cay, the northernmost island in the Abacos, could be sealed by June, with the Bahamas “back in play” as a top investment destination.
China Harbour Engineering Company (CHEC) will tonight hold a Town Meeting to inform residents of its plans as it prepared to start construction on North Abaco’s new $39 million port.