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An account officer at BSI Overseas, Zachary Lyons, has passed the Series 7 Exam in the US after studying with the Nassau-based Securities Training Institute (STI).
By Simon Cooper
Key Christie administration officials are currently in the midst of a global roadshow to test international capital market appetite for a potential US$300 million Bahamas sovereign bond issue, Tribune Business was told yesterday.
A top realtor yesterday questioned why a lower $50,000 Value-Added Tax (VAT) threshold was being applied to real estate investors, calling for a uniform $100,000 benchmark to be applied “across the board”.
A Value-Added Tax (VAT) may not be the best fit for the web shop industry, a leading accountant said yesterday, calling it “unfortunate” that this sector was being allowed to operate without facing some form of taxation.
The Government’s Value-Added Tax (VAT) revenue goals mean that any decision to ‘exempt’ a particular good or service will require it to impose the 15 per cent levy on another sector, a top Ministry of Finance official implied yesterday.
One of my good friends and I have an accountability agreement. If I ever seem to be lost in my business, he has leave to shake me awake and put me back on the right path. And vice versa.
A BAHAMAS-based cloud computing firm is aiming to provide local businesses with a “test run” of its offering in the 2014 first quarter, after aligning itself with a major US multi-national computer technology corporation.
The Bahamas was yesterday ranked as the world’s 22nd least corrupt country, with only Barbados faring better among Caribbean nations.
Sandals Royal Bahamian will retain 70 per cent of the 22 individuals who graduated from its Hospitality Training Programme (HTP) yesterday.
Fidelity Bank (Bahamas) yesterday announced a further dividend payment of $0.07 per share to shareholders, doubling 2013 capital returns to investors.
Guy Harvey Outpost has appointed legendary dive guru Neal Watson as its director of dive operations, as it bids to plant Outpost dive flags on beachfronts throughout Florida, the Bahamas and the wider Caribbean.
US Embassy officials have visited Grand Bahama to help prepare their forthcoming ‘Investment Climate Guide for the Bahamas’.
A proposed oil recovery plant has agreed to expand its footprint by 20 per cent as part of a major redevelopment of Freeport Harbour, Tribune Business can reveal.
FAMILY Island resort/hotel operators yesterday expressed serious concern that a 15 per cent Value-Added Tax (VAT) on domestic aviation would increase access costs and drive away visitors, one describing the move as “suicide”.
The Government has agreed to “roll back” the 1 per cent Customs administrative processing fee in Freeport to help facilitate the long-proposed $250 million expansion at the Freeport Container Port, Tribune Business was told last night.
An initial public offering (IPO) of shares in the Bahamas Electricity Corporation’s (BEC) generation business will occur “within 36 months” of its part-privatisation, Tribune Business can disclose.
The Bahamas cannot tax its way out of its economic malaise, a top QC has warned, adding that this nation “will not survive with growth rates of 1.8-2.5 per cent”.
By Scott Farrington
Okyanos Heart Institute’s chief science officer will address the International Stem Cell Society (STEMSO) Global Conference that will be held in Freeport on February 19-22.
The world’s largest captive insurance manager is in the “final stages” of obtaining approval to operate from the Bahamas, a Cabinet Minister describing this a major step “in re-establishing” this nation’s presence in the sector.
The Government has been urged to cut spending by 20 per cent over the next five-10 years, with a top QC warning Bahamians they must abandon “cradle to grave entitlements”.
The Bahamas Petroleum Company (BPC) is planning to use Grand Bahama’s industrial and logistics abilities to support its oil exploration activities, its chief executive describing the island as an “under-utilised little gem”.
The draft Value-Added Tax (VAT) Bill and regulations released to the Bahamian people on Friday contain a number of tweaks from the October version, the biggest of which is an abrupt ‘U-turn’ on electricity’s tax treatment.
A top realtor has urged the Government to clarify whether it plans to levy 15 per cent Value Added Tax (VAT) on commercial real estate transaction prices, after this was dropped as an ‘exempt’ item in the latest draft Bill.