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UNIQUE Vacations, the New Providence-based sales and marketing company, will create up to 100 jobs when it opens its new corporate headquarters in summer 2014.
The Bahamas has yet to implement efficiency and conservation measures that could slash hotel and residential energy demand by 27 per cent, the Inter-American Development Bank (IDB) has revealed.
CAVES Heights has seen a major increase in real estate inquiries through November and into December, resulting in seven condo sales over a three-week period.
More than half of unemployed Bahamians have been jobless for a year or more, an Inter-American Development Bank (IDB) report warning that labour productivity had also declined between 2000 and 2007.
I just watched a You Tube video with a marketer that I used to follow, and came away completely disgusted.
Cable Bahamas was yesterday mourning the loss of its founder and current chairman, Philip Keeping, who died in what was described as “an unfortunate accident”.
The Bimini Big Game Club Resort & Marina yesterday said total revenues for 2013 to-date had increased 20 per cent year-over-year.
A major accounting firm has urged Atlantis and Baha Mar, and major food stores, to approach the Government and work out “a fair recovery of Value-Added Tax costs” due to their split tax treatment.
A well-known businessman yesterday suggested that the Government’s plan to redistribute $30 million in Value-Added Tax (VAT) revenues to prevent it from increasing poverty levels exposed the “inefficiency” of its preferred tax reform option.
A frustrated Freeport food retailer yesterday said he planned to “claim” against a major shipping company, after the late delivery of perishables cost him an estimated $60,000 sales and much customer “goodwill”.
Liquidators for an alleged $340 million Ponzi scheme are planning to apply to the Supreme Court for permission to gain control over six accounts they have been denied access to by a BISX-listed firm’s broker/dealer affiliate.
The Government’s proposal to make residential real estate sales ‘exempt’ from Value-Added Tax (VAT) could have “very serious” implications for property developers, Tribune Business was told yesterday, one describing it as “a death sentence”.
A major gold/silver dealer yesterday urged the Government to crackdown on ‘Cash for Gold’ enterprises suspected of illegal activities, stating: “Go after those people and not the whole industry”.
A nearly four-acre property that is key to revitalising downtown Nassau has seen its sales price drop to $12 million, a top realtor telling Tribune Business yesterday that potential buyers were still waiting to see what they can do with the property.
THE $30 million Venetian West development has received a strong market response, Tribune Business was told yesterday, having already sold-out one of its offerings with other products “moving very quickly”.
Crime’s negative impacts are not unique to the Bahamas, and when one visits other countries, you realise this very quickly.
The Government’s decision to ‘exempt’ property and casualty insurance from Value-Added Tax (VAT) has prevented an estimated 25 per cent fall-off in coverage, which would have been “catastrophic for the Bahamian public”.
New Zealand’s success at fiscal reform does not necessarily mean its approach is the ‘best fit’ for the Bahamas, a co-chair of the private sector’s Tax Coalition has told Tribune Business.
SANDALS Resorts International is moving ahead with plans to construct its new corporate headquarters in the Bahamas, the Prime Minister recently revealed, adding that the move would provide additional jobs in marketing, accounting and information technology (IT )services.
The poorest Bahamians would face an 11.2 per cent spending/disposable income cut over 10 years as a result of Value-Added Tax (VAT) if no ‘social safety net’ is provided, with poverty levels increasing in line with the tax rate.
Atlantis saw the free promotional value generated by its Thanksgiving college basketball tournament jump 5 per cent year-over-year to a “massive” $38.5 million, and is planning to use it as a model to attract other “exciting events”.
Value-Added Tax (VAT) at the Government’s proposed rate would grow the Bahamian economy by 16.5 per cent over 12 years, an Inter-American Development Bank (IDB) study has shown, despite one businessman yesterday likening the confusion over the new tax to Y2K.
Foreign direct investment (FDI) will finance “close to” 50 per cent of the Bahamas’ current account deficit in the near-term, a Wall Street rating agency has projected, down from historical levels.
AIRFARE promotions such as the ‘Two Fly Free’ programme are “critical” to sustaining business levels Family Island resort properties, the Out Island Promotion Board’s (OIPB) president warning that access costs had to be reduced to increase stopover visitor arrivals.
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