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SOL Petroleum (Bahamas) executives say it plans to build on an “incredible inheritance” and retain the Esso brand at its 40 service stations, along with its products.
One sign of a healthy economy is a vigorous capital market. By that standard our economy, while not failing, is far from blooming. Our capital market, still in its infancy, is just beginning to do its job of mobilising the country’s financial resources for productive purposes. Government could make a quick decision to help, but will it?
The medical condition of the pilot whose tanker crashed into the Bahamas Oil Refining Company’s (BORCO) jetty, causing $25 million worth of damage, appears to be a key factor in the ongoing dispute threatening Freeport Harbour.
SOL Petroleum (Bahamas) is aiming to leverage its parent’s expertise with Value-Added Tax (VAT) systems across the Caribbean in this jurisdiction, adding that its business has been impacted by recent increases in its Business License fees.
THE Bahamas Telecommunications Company (BTC) is on track to regain market leadership in broadband Internet within the next two-three years, its chief executive revealing its existing customer base had doubled since 2011.
By NEIL HARTNELL
New car dealers generally need “at least a 30-40 per cent” increase in sales to return to healthy profit levels, the Bahamas Motor Dealers Association’s (BMDA) president yesterday saying 2014 to-date had produced some initial recovery signs.
The joint liquidators for Owen Bethel’s insolvent Montaque Capital Partners currently possess just $196,238 in liquid assets to cover total creditor claims of $17.5 million, it has been revealed.
The developers behind Bimini’s controversial cruise terminal are appealing a US court’s decision to uphold a government ban on its night-time cruises, a move it previously claimed would place its entire $275 million Bahamian investment “in peril”.
The Bahamas Motor Dealers Association’s (BMDA) president yesterday called for the Government to phase-in its proposed vehicle emissions standards over eight-10 years to prevent “an overnight shock” for local motorists.
The UK’s air tax reforms “play right into the Bahamas’ diversification and international markets” growth strategy, a leading tourism executive yesterday saying it boosted this nation’s airlift connectivity via British Airways’ London hub.
The Colonial Group’s three Bahamas-based subsidiaries have pledged their support for an initiative aimed at raising awareness about the environment.
The Water and Sewerage Corporation (WSC) has joined the world in observing World Water Day, which will be celebrated on March 22.
THE Central Revenue Agency’s (CRA) framework structure is “well advanced”, Financial Secretary John Rolle said yesterday, adding that a revised Value-Added Tax (VAT) Bill was now being handed over to the Government.
Two members of the Value Added Tax (VAT) implementation team, Adel Gay (left) and Hugh Chase (right), provided details on the tax and why it was chosen over alternative reforms to a meeting of Oakes Field Primary School’s Parent-Teacher Association (PTA).
Nassau will this year host what is touted by organisers as the largest financial services summit in the region, STEP Caribbean Conference (CC) 2014.
Higgs & Johnson has been ranked as a Tier 1 law firm by both IFLR1000 and Chambers Global for 2014.
Our previous discussion engaged in provocative dialogue around the life of the Bahamian slave versus those on other plantations.
Super Value’s owner yesterday said Bahamians “don’t want VAT under any circumstances, even at 1/100th of 1 per cent”, and called for the Government to instead implement a wide-ranging fiscal reform package that included a sales tax.
Bahamian small businesses are “under 5 per cent ready” to handle Value-Added Tax (VAT) from an accounting perspective, a leading sector consultant warned yesterday, adding his voice to calls for an implementation date push back.
A top QC yesterday applauded the Government’s promised ‘user-friendly’ Immigration policy as potentially “a significant game changer” for the Bahamian economy, but warned that this nation now had to “walk the talk”.
Bahamian accountants are proposing that a 7.5 per cent Value-Added Tax (VAT), combined with employee payroll and corporation taxes at 3 per cent each, could help achieve a balanced Budget within the Government’s target deadlines.
Bahamian consumers were yesterday warned to brace for 6 per cent food price increases “across the board”, due to the damage done to US farmers’ crops and livestock by harsh weather conditions earlier this year.
A Bahamian loss prevention/asset protection company has partnered with global travel/operational risk management provider, iJet, to bring a “unique” emergency service offering to the Bahamas.
Bahamians need to undergo a cultural change when it comes to borrowing and financial management as the Government readies to implement Value-Added Tax (VAT), a business consultant has warned.