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There is “overwhelming evidence” that the Bahamas’ leading satellite TV provider defrauded DIRECTV by pirating its programming and equipment to service over 5,800 local accounts, court documents are alleging.
The Grand Bahama Chamber of Commerce’s president yesterday described as “a matter of concern” a consultant’s report that international investors were “uniformly disappointed” with the performance of their Bahamian ventures.
Bahamian resorts “could not wait any longer to raise rates” if they were to meet budget, the Bahamas Hotel and Tourism Association’s (BHTA) president yesterday explaining this is why 2013 occupancies are expected to be down year-over-year.
THE Balèaria Bahamas Express has suspended its service between Bimini and South Florida after only four months, although a company executive yesterday confirmed to Tribune Business it would resume in the fall with a faster, more modern vessel.
AUTOMOTIVE & Industrial Distributors (AID) has seen a 10 per cent year-over-year sales increase for 2013 to-date, a senior executive yesterday telling Tribune Business it hoped to open its new $7.5 million Wulff Road headquarters next month.
This note was prompted by Dionisio D’Aguilar’s speech, ‘The Freeport Model - Obsolete Relic or Untapped Opportunity’, delivered to the Grand Bahama Chamber of Commerce on 15 May, 2013.
The Democratic National Alliance’s (DNA) leader yesterday urged the Government to “up” its new short-term work visa policy to greater than two weeks, while commending it for “progressive” reform.
Bahamian spending on Florida shopping is at least 60 per cent higher than “healthy” for this economy, a retail entrepreneur yesterday warning that this was “killing jobs” and economic growth.
A retail entrepreneur is aiming to become the “foremost” fashion and gift shop operator in the Bahamas, as she moves to a final decision on whether to make one format’s Blake Road “transition” permanent.
Making a ‘Balanced Budget’ a constitutional requirement would be akin to “putting a noose around your own neck” from a government perspective, a former finance minister said yesterday.
A LEADING small business consultant yesterday called on the Government to “be creative” and examine the Family island development model, telling Tribune Business there were potential untapped revenue streams in the culture and heritage sectors.
A well-known QC yesterday said “dozens of Freeport businesses” had contacted him about bringing a lawsuit against the Government and Grand Bahama Port Authority (GBPA) over recent tax increases, adding that these were “decapitating” the city’s economy.
Bahamas-based shipping companies have committed to making counter-piracy efforts a priority within their organisations, following the recent agreement signed between this nation and the US.
The Bahamas’ proposed Value-Added Tax (VAT) will merely act as an ‘income replacement’ for the Government, a former Barbadian prime minister warning yesterday that “discipline” will be key to preventing the tax base’s erosion by ‘special interests’.
The Bahamas will find it impossible to maintain its status as free trade’s ‘odd man out’, a former Barbadian PM yesterday warning that its World Trade Organisation (WTO) accession terms will determine whether Value-Added Tax (VAT) is successfully implemented.
THE eco-friendly Guy Harvey Outpost brand says Old Bahama Bay and the Green Turtle Club, rebranded under its Expedition Properties Portfolio, are enjoying a “pretty good summer” with “encouraging” performances.
A top manufacturer’s plans to expand plant capacity by 50 per cent have been sent back to the drawing board by the Budget, delaying a project that promises to create up to 50 permanent Bahamian jobs.
A well-known QC is studying whether Customs latest “intrusion” warrants a ‘class action lawsuit’ for breaching both the Hawksbill Creek Agreement and the constitutional rights of 3,500 Freeport businesses.
Grand Bahama Port Authority (GBPA) licensees are being “double and triple taxed” due to the Budget’s new and increased fees, and are warning the Government it is “attacking the goose that laid the eggs”.
The Bahamas Chamber of Commerce’s (BCCEC) vice-chairman says new and increased Customs fees have “absolutely destroyed” both his business and hopes of developing Freeport into a logistics/distribution hub.
A Bahamian broker and its principal are arguing that US regulators “cannot make a case for securities fraud” against them over an alleged $11 million ‘pump and dump’ scheme.
More than 125 participants attended the Entrepreneur Empowerment Workshop hosted by Mark A. Turnquest & The Small Business Resource Centre.
A prominent businessman has called for a 15 per cent Value-Added Tax (VAT) to be phased-in over six years, warning that implementing it in one go would cause “an enormous shock to the system”.
PricewaterhouseCoopers (PwC) is aiming to leverage its regional network through different jurisdictions working more closely together, in a bid to better support clients.
As a nation we have recently celebrated 40 years of independence. As a sovereign country for four decades, there is a certain degree of maturity that is expected in political, social and economic life.