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Palm Cay’s marina has exceeded growth projections in the three months it has been open, with 30 property owners now berthing up to 110-foot yachts there.
PRIME Minister Perry Christie said yesterday he was hopeful that economic growth would enable him to rely less on Value-Added Tax (VAT) to fill the “untenable imbalance” in the Government’s finances.
PRIME Minister Perry Christie yesterday acknowledged banking sector concerns that large sums of money from web shop gaming were either being loaned or used to finance major real estate and business ventures, warning it was a “major contradiction to the good order of our system”.
The GOVERNMENT’S claims that it has had to subsidise Freeport economy to the tune of $29 million were described yesterday as “a bit disingenuous” and “misleading”, a Free National Movement (FNM) MP stating that Grand Bahama was “no charity case”.
The Bahamas Telecommunications Company’s (BTC) controlling shareholder yesterday said it was moving rapidly to ensure the carrier’s network “is second to none”, revealing its multi-million dollar investments were already producing returns.
THE Bahamas broke the six million mark for total visitors arrivals in 2013, the Minister of Tourism M confirmed yesterday, while telling this newspaper: “We still have more work to do”.
The Government is unlikely to release the revised Tariff Schedule before the beginning of March, as the private sector gears up to complete its Value-Added Tax (VAT) study “as quickly as humanly possible”.
A Tax Coalition co-chair says his own companies are not “prepared to pull the trigger” on potential expansion projects due to the continuing uncertainty over Value-Added Tax (VAT).
The Bahamas needs to establish a physical commercial, as well as diplomatic, presence in the United Arab Emirates (UAE) if it is to make further inroads into attracting investment and high-end Middle East investors, a leading realtor said yesterday.
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FISHERMEN said yesterday there was “absolutely no doubt” that Dominicans were carrying out “well funded” poaching operations in Bahamian waters, the head of the Bahamian Commercial Fishers Alliance urging authorities to simply “follow the paper trail”.
The Ministry of Finance yesterday announced it had launched its Facebook page, taking its ongoing Value-Added Tax (VAT) educational campaign to the world’s fastest growing social media network.
A leading realtor yesterday said he would “love” for his firm to beat 2013’s 35 per cent increase in total transaction value, but warned that much depends on how the Bahamas “sells” Value-Added Tax (VAT) to foreign investors.
Businesses in Smith’s Point are aiming to capitalise on their renowned Wednesday Night Fish Fry by adopting a pirate theme for the Grand Bahama settlement.
Grand Bahama’s business community came out in force for the annual banquet and installation of the Chamber of Commerce’s officers and directors. Pictured are back row (L to R): Dan Romance, Bradford Marine; Lynn Lowe, Kelly’s Freeport; Janet Albury, VIP Services; Mick Holding, GB Shipyard; Kevin Seymour, Pharmachem; Larry Albury, Freeport Jet Wash; Dillion Knowles, Dillon F. Knowles Consulting; and Sarah Kirkby, Barefoot Marketing.
RECENT figures showing a decrease Grand Bahama’s unemployment rate were described yesterday as “encouraging”, with a reviving tourism sector believed to be the main driver behind the decline.
The Government was yesterday urged to create “thousands of jobs” by unlocking a ‘green economy’ in the Bahamas, a top QC calling on it to make developers finance enforcement of the main Planning law.
Family Guardian’s decision not to pay out on a $50,000 life insurance policy has been upheld by the Court of Appeal, which found there was “ample evidence” of fraudulent misrepresentation.
A 5 per cent payroll tax would have just ‘one-fifth’ of Value-Added Tax’s (VAT) price inflation impact, a leading businessman suggesting it would protect consumers and “not throw the economy into recession”.
Freeport’s failure to “turbo charge” its business model has seen it bypassed by countries it should have left “in the dust”, a top Chamber executive warning it will now “take decades” to catch up with rivals.
Caribbean Bottling Company is among the latest businesses to fall victim to increasing copper theft, its president describing the situation as a “sign of the times”.
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BANK of the Bahamas International (BOB) is moving to give customers real time information on their account’s status via its eNotifier application, which is now set for a “test-run”.
BUSH fires causing damage to a fibre optic cable resulted in disruptions to broadband Internet service on Abaco, Eleuthera and Grand Bahama, Cable Bahamas has confirmed.
The BAHAMAS Union of Teachers’ (BUT) president said yesterday that its 4,000 members were adding their voices in opposition to the “regressive” Value-Added Tax (VAT), as there was still a “great deal of uncertainty” as to how the profession would be impacted.