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THE Bahamas should exploit the gambling industry “to the max” and permit other forms of gaming beyond the web shop industry, a local businessman said yesterday, suggesting this could generate up to $500 million annually.
MEMBERS of the Coconut Grove Business League (CGBL) are still taking their case against the Government to the Privy Council, its spokesman yesterday telling Tribune Business there was not doubt “the law is on our side”.
The developers behind the proposed $110 million Port St George project on Long Island yesterday said they would “be surprised if something doesn’t move this year” on finding a joint venture partner to move the development forward.
A leading waste services provider yesterday slammed the “secrecy” surrounding the Government’s plans for New Providence’s landfill, after a foreign company’s bid to manufacture recycled products in the Bahamas was revealed.
Branville McCartney says he would have “screamed out” against Value-Added Tax (VAT) had it been presented when in Hubert Ingraham’s Cabinet, describing its likely effect on jobs and the economy as “very, very scary”.
A Bahamian accountant believes this nation’s financial services sector can benefit from forecast growth and capital raising in the global private equity industry, with the SMART fund product helping to “gain traction”.
A leading Ministry of Finance consultant believes this is “an opportune time to introduce a more efficient means of collecting revenue” through Value-Added Tax (VAT) before more extreme measures are taken.
The Palm Cay development’s expansion has generated 100 jobs for persons working directly with the development or for contractors and sub-contractors.
Is it true that everything in life warrants an impression? Does the way we talk, walk or socialise say something about our personality? How about our choice of friends, clothing and accessories, or even our cars? Does our sports SUV or red BMW tell people we are playful, spirited or crave adventure?
GUY Harvey, widely recognized as the world’s finest marine wildlife artist and champion of ocean conservation, will design the signature hull artwork of the Norwegian Escape, the world’s largest cruise ship to-date. The ship is set to debut in October 2015. Mr Harvey yesterday revealed his custom design for Norwegian Escape’s hull, which features an underwater scene of marine wildlife.
THE Bahamian sports tourism sector is set for a major boost from the International Amateur Athletic Federation’s (IAAF) inaugural World Relays in May, with local organising committee (LOC) executives telling Tribune Business more than 1,200 athletes and coaches were expected to attend.
February Point’s new owners are already anticipating a greater investment than the initially budgeted $40 million, telling Tribune Business yesterday they were planning a larger marina and creating 350 total jobs at the construction peak.
AN all-inclusive Andros dive resort is expecting to generate 20 per cent cost savings after being outfitted with solar heaters, its owner telling Tribune Business yesterday that high energy costs were a major challenge for all Out Island resorts.
Albany’s partner in its joint venture offer to acquire the adjacent South Ocean property is a major New York-based asset manager, Tribune Business can reveal, with a decision on the preferred bidder set to be made next Tuesday.
The Bahamas must develop a long-term plan to address the “structural imbalance in its balance of payments”, a former finance minister describing this as his “most fundamental concern”.
The Bahamas will “price itself out of the market” if it imposes a Value-Added Tax (VAT) ‘double whammy’ on tour packages sold abroad by travel agents and other wholesalers, a senior hotel executive has warned.
The Bahamas Telecommunications Company (BTC) yesterday hailed plans to establish a ‘level playing field’ in fixed-line voice call termination fees, arguing that this would stop it and its clients “subsidising Cable Bahamas”.
Sandals Resorts International has reinforced its scuba diving credentials after reaching 50,000 certifications to become one of the premier dive divisions in the world.
The Bahamas National Trust (BNT) has completed a three-year pilot project on ‘Tourism and Coral Reef Health’ in the Exuma Cays Land and Sea Park, aided by funding from the Global Environment Facility (GEF).
Stella Maris Village yesterday began construction on a $3 million model show home, the first step in realising its principals’ long-planned Port St George project in north Long Island.
BUSINESS at the Bimini Big Game Club Resort & Marina is up 32 per cent year-to-date, its general manager yesterday telling Tribune Business that April and May were “picking up very nicely”.
Readers of my column will know I am a big fan of lead generation marketing. I first learned this from marketing gurus Dan Kennedy and Bill Glazer. And I have proven its effectiveness time after time in my professional experience, as well as with my own company. One of Dan’s companies calls it: ‘Life Cycle Marketing’, as they aim to keep a client for life. They have developed the concept into seven parts.
The Grand Bahama Port Authority (GBPA) is again partnering with the Caribbean Export Development Agency (CEDA) to provide business management training for small and medium-sized enterprises (SMEs )on Grand Bahama.
The proposed Value-Added Tax (VAT) rate should be “no more” than 7.5 per cent, a former finance minister argued yesterday, telling Tribune Business it would be “impossible” to properly implement the new tax by the July 1 target date.
The Government was yesterday urged to stop focusing on Value-Added Tax (VAT) as a “one trick pony” to fix all its fiscal woes, a Tax Coalition co-chair warning it could not keep coming back to law-abiding taxpayers for more due to its enforcement failures.