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A leading accountant yesterday urged the Government to give the proposed National Tripartite Council a real mandate to improve the Bahamas’ economic competitiveness, warning that this “cannot be allowed to slip beyond this point”.
A club owner yesterday said he aims to file a lawsuit against the Bimini Bay Resort’s original developers “any day now” over the alleged demolition of his property, adding: “I’m not going to stop until I have justice.”
The Minister of Tourism yesterday said the Government was looking to introduce new timeshare legislation, calling the industry vital to year-round business and product diversity.
A leading tour operator has lost three winter 2014 convention bookings, each 500-plus strong, due to the price increases caused by the impending 15 per cent Value-Added Tax (VAT), Tribune Business was told yesterday.
TIMESHARE developers are “anxious” to build in the Bahamas, the head of a marketing and public relations firm, telling Tribune Business that this nation has “much to offer”.
Bahamas Realty’s chief executive, Larry Roberts, is the first Bahamas Real Estate Association (BREA) member to be nominated by the Bahamas Financial Services Board (BFSB) for its Executive of the Year award. part of the 2013 Award of Excellence programme.
Mario Carey Realty’s president and founder has hit the milestone of concluding 100 real estate transactions in Paradise Island’s exclusive Ocean Club Estates community.
Grand Bahama Shipyard (GBS) has held its ninth annual apprenticeship graduation and awards ceremony. Two apprentices graduated, 10 received second-year contracts, and 12 apprentices received first-year contracts for the training programme.
The Government’s Value-Added Tax (VAT) implementation team has selected Data Torque’s software to run the IT system for its new tax.
A leading Bahamian law firm is seeking permission to appeal to the Privy Council on the grounds that Customs “had not abandoned” its position that Freeport ‘bonded goods letter’ renewals were conditional on prior year sales reports being filed with it.
The Bahamas’ latest eight-position slump in the World Bank’s Ease of Doing Business rankings was last night greeted with dismay by the private sector, which branded the decline as “a recipe for a prolonged recession” and loss of economic competitiveness.
Resorts World’s Environmental Impact Assessment (EIA) admits that Bimini’s existing dive tourism model is potentially being placed “at risk for nothing”, a leading environmental attorney warned yesterday.
A leading accountant yesterday described the Government’s seeming reliance on Business Licence fees as a Value-Added Tax (VAT) contingency as “a bit dangerous”, warning that they would not all be immediately reduced to $100 as previously promised.
Regulators are investigating the Bahamas Telecommunications Company (BTC) for preventing the planned September 3 launch of number portability, saying this had resulted from possible anti-competitive behaviour.
This summer I led a 27-person judo team to the US Junior Open in Florida.
MIAMI, FL- The Bahamas must consider modernising the Timesharing Act to remain competitive and encourage new development, an industry executive telling Tribune Business yesterday that this was “fundamental” to the sector’s long-term growth and health.
MIAMI, FL- THE Bahamas must seek to differentiate itself from its Caribbean counterparts in the tourism and hospitality industry, the head of a Washington-based trade association representing the vacation ownership industry said yesterday.
A leading Bahamian advocate for sustainable tourism development will receive the 2013 Caribbean Media Exchange (CMEx) Leadership Award.
Resorts World Bimini yesterday said its Miami ferry service had brought 40,000 persons, or 80 per cent of its normal annual visitor numbers, to the island in just three months.
Buying a condo was never like this before. Prospective homeowners last week gathered outside the Palm Cay clubhouse for a ‘reservations-become-reality’ night, eager for the groundbreaking approach to luxury condo sales at the $200 million development.
MIAMI, FL - A Cable Beach timeshare developer is looking to build on his $4 million investment to-date by expanding the 35 unit offering, telling Tribune Business: “I’ve been booked every weekend in September and October”.
Bahamas Waste’s managing director yesterday said Value-Added Tax’s (VAT) cash flow impact “would be pretty huge” if the Government does not provide credits against uncollected sales write-offs.
The principal behind a $6 billion resort project proposed for eastern Grand Bahama is working furiously to submit documents requested by Prime Minister Perry Christie before he purportedly leaves the country on November 11.
Satellite Bahamas and its principals have accused DIRECTV of “improperly lumping” them all together in its Florida legal action, while also failing to identify a single act of wrongdoing committed by the company on US soil.
Resorts World’s Environmental Impact Assessment (EIA) ignores the need to obtain Planning and Subdivision Act approval for its $10-$15 million Bimini cruise ship project, a leading QC yesterday accusing the Government and developers of “bulldozing their way through” the permitting process.