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A sports tourism event set for Exuma next week is expected to give the local economy a “high five-figure” financial boost, organisers yesterday telling Tribune Business that the goal was to make it an annual occasion that could help raise money for Bahamian athletic associations.
A “culture of delinquency” and inability to raise the necessary $500,000 start-up capital doomed an entrepreneur’s efforts to kickstart the Bahamian microfinance market, it was disclosed yesterday.
The Bahamian financial services industry and regulators have moved to understand the potential impact on this nation’s investment fund sector from recent European Union (EU) initiatives.
The Grand Bahama Chamber of Commerce’s Annual Installation Banquet for its elected Board Members will be held this Saturday at the Grand Lucayan Resort.
Whether you are a freelancer or part of a company, convincing and keeping clients is an art all by itself. But sometimes it is hard to make clients approve a design based on goals, not their personal opinion or taste.
The annual Grand Bahama Business Outlook conference is set for February 27 at the Grand Lucayan Beach & Golf Resort in Freeport.
The Bahamian hotel industry yesterday urged the Government to push the Value-Added Tax (VAT) implementation deadline back into 2015, warning this had to be got right first time to avoid “killing the goose that lays the golden egg”.
MARINA operators yesterday urged the Government to pursue the largely uncollected 4 per cent Charter Fee levied against foreign yachts and potentially exempt their sector from 15 per cent Value-Added Tax (VAT), warning that the uncertainty was already “steering” business away from the Bahamas.
THE Ministry of Finance is in talks with duty free retailers over a system that would refund tourists their 15 per cent Value-Added Tax (VAT) payment, a senior official revealing they were seeking “super convenience”.
The Bahamas Telecommunications Company (BTC) yesterday said it is projecting 25 per cent growth in mobile data traffic this year, and will have invested “north of $18 million” in its cellular network in the 12 months to end-March 2014.
Beachfront land at Abaco’s Orchid Bay development was sold at more than seven times’ below market value to clear a lien, its former receiver describing the deal as a “breach of duty” as he bids to be reinstated.
A leading attorney and consultant for Save The Bays has called for the urgent passage of an Environmental Protection Act, arguing that it will protect both nature and the Bahamian economy.
Royal Bank of Canada (RBC) believes most of its Caribbean-wide restructuring will be complete or “in progress” by April this year, as tensions among staff in the Bahamas and elsewhere in the region mount over potential redundancies.
The Ministry of Tourism is hosting a Small Island Developing States Conference (SIDS) in Nassau from February 19-20 at the Melia Nassau Beach Resort.
I once had a client who was dependent on customer service representatives to push a particular marketing promotion they were doing.
Sunshine Insurance (Agents & Brokers) has named 20-year industry veteran Dwayne Swaby as its vice-president of development.
FREEPORT – Grand Bahama Port Authority (GBPA) licensees will be seeking to reclaim all new Customs-related taxes paid to-date in their Judicial Review action against the Government, a top QC said yesterday
ONE hundred Bahamians attended the opening of Baha Mar’s Leadership Development Institute (LDI), an independent, non-profit training initiative supported by the $2.6 billion Cable Beach developer.
Bahamian renewable energy providers yesterday warned of “significant harmful effects” if the sector is subject to 15 per cent Value-Added Tax (VAT), adding that it would undermine a key aspect of government policy.
The five remaining Bahamas Electricity Corporation (BEC) bidders all made additional submissions prior to Friday’s deadline, and all now await a likely presentation before a Cabinet committee.
Sandals Royal Bahamian has “good prospects” for succeeding with an appeal over a Judicial Review action that seeks to eliminate the trade union responsible for the recent strike vote against it.
A Cabinet Minister has criticised the former Ingraham administration’s goods offer to the World Trade Organisation (WTO) for not giving sufficient protection to niche Bahamian producers and incentivising them to expand.
The Supreme Court has “really changed the way strike votes are conducted” through a verdict that quashed the 2013 poll involving Sandals Royal Bahamian workers as illegal.
Higgs & Johnson attorneys have met with John Rolle, the financial secretary, and other Ministry of Finance officials over Value-Added Tax (VAT), its ramifications and impending implementation. The session was described as “intense and tremendously beneficial”.
Butterfield Bank and its international subsidiaries, including the Bahamas, has received three Financial Centre Awards from Citywealth, the UK-based publisher of wealth management industry news and directories.