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The Grand Bahama Port Authority (GBPA) has met with the planning expert drafting the terms of reference for the Bahamas’ National Economic Development Plan (NEDP).
A former Attorney General has called on the Government to “consider” implementing Value-Added Tax (VAT) at a lower rate than 15 per cent, warning that consumers would likely have to “bear” increased legal services costs.
DIRECTV has renewed its demands for the US courts to impose a lien over $224,000 worth of assets owned by one of Satellite Bahamas’ principals, alleging that he has not denied ‘pirating’ its programming signals.
Around “two-thirds” of the Government’s monthly payroll is eaten up by salary deductions, it has been revealed, in a move to seemingly illustrate why it is so hard to cut public spending.
Value-Added Tax (VAT) will “definitely increase” insurance premiums regardless of the tax treatment applied to the sector, a senior executive warning it will also “squeeze payment” terms throughout the industry.
Manufacturers must “justify” any demands they make for protective tariffs, a senior industry executive believes, adding that the Government had included “a lot of these” in its initial World Trade Organisation (WTO) offers.
The Klonaris brothers have placed their $14 million Bay Street shopping plaza on the market, although a sales price has yet to be fixed.
While praising the Government for its efforts in ensuring this nation passed a recent Federal Aviation Administration (FAA) audit, a leading airline executive says the Bahamas is “not quite out of the woods yet”.
We, a group of local consultants, are finalising a small and medium-sized enterprises (SMEs) needs analysis survey in New Providence.
Bahamians will be treated to live entertainment when the long-awaited new terminal that will serve domestic and international flights at Lynden Pindling International Airport (LPIA)opens for a sneak peek on Saturday, October 19 -two days after a formal ribbon-cutting ceremony and just before it goes live.
Liquidators for an alleged multi-million dollar ‘Ponzi’ fraud are threatening legal action to force a BISX-listed company to unwind, and return, a $5 million investment that accounts for 100 per cent of its preference share capital.
A “fairly detailed” development proposal has been submitted for a 3.94 acre property key to revitalising downtown Nassau, a top realtor yesterday saying potential buyers would take their interest no further until they know what they can put there.
The Bahamas Telecommunications Company (BTC) says its move to end the monthly Vibe package flat rate for unlimited calls is designed to drive customers to the “almost 50 per cent cheaper” prices offered by its newly-launched Home Phone Plus package.
A trade union chief said he will today write to the Minister of Labour seeking permission for a ‘strike vote’ by his 70 members at the Sheraton Nassau Beach Resort, describing the way in which their work hours had been cut 50 per cent as “ridiculous”.
The attorney representing Morton Salt’s 100-plus line union members yesterday said he was optimistic a new industrial agreement would soon be reached with the company, despite “one or two areas of concern”.
What every company wants from its staff is Employee Engagement.
The Government is aiming to stimulate the economy through enhancing the climate for sustainable small and medium-sized (SME) businesses.
A BISX-listed firm’s broker/dealer subsidiary has filed a Judicial Review action against the Securities Commission of the Bahamas, over the regulator’s demand that it cease taking on new business and submit to a “solvency review”.
UBS (Bahamas) two-storey annex building on East Bay Street is being marketed for sale at $8 million, Tribune Business confirmed yesterday, although the bank is also still entertaining lease options.
The Minister of Financial Services believes the increased demand for compliance in financial services has created the ability for Bahamians to specialise and become an entrepreneur in this niche.
The International Monetary Fund (IMF) yesterday slashed its 2013 economic growth forecast for the Bahamas by 80 basis points, prompting an Opposition MP to urge: “We have to find new ways to grow this economy.”
Companies will be “in peril” of non-compliance with Value-Added Tax (VAT) if they are not given enough lead time to implement the required IT/accounting systems, a top insurance executive has warned.
Industrial unrest appeared to be brewing at the Sheraton Nassau Beach Resort last night, a trade union warning the resort to “avoid unintended consequences” over moves to reduce work hours for middle management staff.
The Bahamas’ total national debt will be close to $5.5 billion by the time the Government’s fiscal year closes on June 30 next year, it was forecast yesterday, having grown at least $419 million in 12 months.
The Democratic National Alliance’s (DNA) chairman believes public sector unions are “shooting themselves in the foot” by demanding 100 per cent employer-funded pensions and benefits, describing this as “unsustainable”.