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Seven Bahamians pursue Sandals qualifications

The Sandals Corporate University (SCU) is moving into its second year by providing more support for team members at the Sandals, Beaches and Grand Pineapple Resorts across the Caribbean.

VAT's $165m revenue slump 'far off range'

The Government yesterday slammed as “far off range” a study suggesting Value-Added Tax (VAT) implementation would produce a $165 million decline in its total annual revenue intake.

Exporter fears over VAT refund timeframe

The Government’s proposed two-month timeframe for refunding companies their Value-Added Tax (VAT) input credits could place Bahamian exporters “at a major competitive disadvantage”, tying-up their working capital for three times’ as long as rivals.

'Worst crawfish season since '02'

THE 2013-2014 crawfish season is shaping up to be one of “the worst seasons in 11 years” for some Bahamian fisherman, the Bahamas Commercial Fishers Alliance (BCFA) president yesteday estimating the industry had yet to hit 25 per cent of its seasonal yield.

Aviation fuel supplier sees 40% sales fall

A leading aviation fuel supplier yesterday said its sales had slumped 30-40 per cent year-over-year, and warned that private pilot flights into Abaco were “at an all-time low”.

VAT oversight costs 'nowhere' near $67.5m

A top Ministry of Finance official yesterday said the Government’s costs to administer the proposed Value-Added Tax (VAT) would be “nowhere close” to the $67.5 million projected by a Nassau Institute study.

Study: VAT may exacerbate the 'brain drain'

Value-Added Tax (VAT) may exacerbate the ‘brain drain’ of the most skilled and talented Bahamians, a newly-unveiled study has warned, while potentially reducing consumer consumption by up to 15 per cent.

Law firm stages its ninth legal clinic

The Halsbury Chambers law firm will host its ninth annual free Legal Clinic, under the theme ‘Information You Need for the Life You Want’, this coming Saturday at its law office on Village Road from 9am to 3pm.

$200m project gets social media pay-off

The $200 million Palm Cay real estate development says social media connections are paying off for it, with thousands viewing - and hundreds liking - what they see on Facebook, Pinterest, Instagram and Twitter.

BTC 'on track' with franchise roll-out

The Bahamas Telecommunications Company (BTC) yesterday said it was “on track” with its nationwide franchise store roll-out having launched 12 to-date, leading to the creation of more than 50 jobs.

Bahamian resorts take top awards

Sandals Emerald Bay has taken top spot as ‘Leading Conference Hotel’ in this year’s World Travel Awards and North American Gala Ceremony (WTA), making it the brand’s first resort to ever clinch the category at these awards.

Government eyes extra $200m from VAT

The Government is expecting to raise an extra $200 million in annual revenues from its proposed Value-Added Tax (VAT), a well-known accountant said yesterday, a sum double what it expects to generate from this year’s tax changes.

Consultants target 20% market share

Bahamian management consultants are seeking to quadruple their share of a local market in which the Government awards up to $20 million worth of work annually.

$6bn project's PM meeting postponed until September 23

The developers behind a $6 billion project have been forced into a fortnight’s postponement of a key meeting with Prime Minister Perry Christie, but remain “highly confident” they can “put everything on the table” to satisfy the Government.

'Don't erode revenue base with incentives'

The Government “cannot afford any more erosion of the revenue base”, a top accountant warning it to “hold the line” on doling out further investment incentives to both Bahamians and foreigners.

Realtor moves one-third of its NPDCO portfolio

A LEADING realtor says he has already moved one-third of the units in his New Providence Development Company Ltd (NPDCo) portfolio, adding that there was a “fair bit of demand” in western New Providence.

Scotia teams with BFSB to promote sector in Canada

Scotiabank has announced it will join forces with the Bahamas Financial Services Board (BFSB) to help promote this nation to the Canadian market.

TV show focuses on the economy

Pictured at the You & Your Money TV show, taped at the TCL Studios, are from left: Mark A. Turnquest, business management consultant; Jeff Lloyd, show host; and Dionisio D’Aguilar, president, Superwash. They shared their views on the performance of the economy, VAT, the impact of the recent Industrial Tribunal ruling on vacation time, and job readiness of recent graduates. The show will air on Monday, September 16 at 8 pm, on ZNS-TV.

Central Bank more bearish on 'significant headwinds'

A leading Bahamian realtor has seen a strong pick-up in private island sales this year, revealing that a $29 million deal for a private cay in the Exumas is set to close imminently.

Hold Gov't accountable over VAT, taxpayers told

The Government must not treat the extra revenues anticipated from Value-Added Tax (VAT) as a licence to spend money, a well-known accountant urging Bahamian taxpayers to hold it accountable for how it used these funds.

Realtor sees private island sales uptick

A leading Bahamian realtor has seen a strong pick-up in private island sales this year, revealing that a $29 million deal for a private cay in the Exumas is set to close imminently.

Union seeks 'trade-off' for BEC benefits cuts

THE union representing the Bahamas Electricity Corporation’s (BEC) line-staff has warned it is not prepared to accept any reduction in pension and insurance benefits without a reasonable trade-off, telling Tribune Business there have been no negotiations to-date on the issue.

UK tie-up boosts Bahamas realtor

Coldwell Banker Lightbourn Realty has announced it will be working under an exclusive agreement with Hamptons International, a leading estate agency in the UK, to promote its listings overseas.

Renewable pioneer makes 50-100% AC saving pledge

A Miami-based pioneer yesterday said he could provide “the most cost effective technology to both cool the Bahamas and provide fresh water”, pledging that it could cut air conditioning costs by between 50-100 per cent.

20% energy savings a 'breath of fresh air'

A BAHAMIAN green technology provider said yesterday that UV light for air cooling systems could not only improve indoor air quality but ultimately generate energy cost savings of up to 20 per cent.