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Value Added Tax (VAT), as presented in the recently-published Government White Paper, is fine as far as it goes
An Abaco law firm has hired specialists in divorce and matrimonial matters.
A well-known environmentalist yesterday accused the Government of reneging on its ‘oil referendum’ promise to the Bahamian people, and described its failure to produce a coherent renewable energy policy as “absolute lunacy”.
The Bahamas is “on the wrong path” in efforts to establish itself as a captive/international insurance jurisdiction, a well-known executive has warned, adding that it could see $5 billion in gross premiums within five-seven years if it altered course.
A BAHAMAS-based oil explorer yesterday said it was looking to bring its Bahamian Depository Receipt (BDR) offering to local investors to market “as soon as possible”, noting that the Government’s decision to allow it to begin exploratory drilling prior to a referendum had given further impetus to this process.
AML Foods has decided to “park” the launch of its new hamburger franchise, Carl’s Jr, for six-nine months due to concerns over consumer confidence and the Bahamian economy’s short-term outlook.
THE BAHAMAS Electricity Corporation’s (BEC) executive chairman has revealed that workers hired on a contractual basis to simply carry out disconnections/ reconnections have been earnning as much as $95,000 a year.
The Bahamas must exploit its huge ship registry in trying to establish itself as an international insurance player, a senior industry executive revealing that one “bullish” manager was aiming to take his total captives to 50 by year-end.
THE Government will allow exploratory drilling to determine whether there are commercial quantities of oil in the Bahamas prior to any referendum, a Cabinet Minister said yesterday.
A dispute over a captive insurance company established to cover 75 Bahamian physicians against medical malpractice claims may have damaged this nation’s prospects for establishing itself in this industry.
A famous poet once penned these words: ‘Death is an appointment that we all must keep’.
THE Bahamas Electricity Corporation (BEC) cut its staff overtime payments by almost 54 per per cent in February, its executive chairman charging that some workers at the Corporation had become accustomed to an extravagant lifestyle as a result of overtime pay.
In a site inspection that was anything but routine, a Bahamian real estate company’s staff toured the Bahamas.gov.bs website through a presentation by the Department of Information Technology.
The Bahamas could “wipe out its national debt” if it moves to permit wreck/treasure salvaging and exploration, Tribune Business was told yesterday, one executive estimating $6 million could be instantly injected into the economy if pending licence applications were approved.
Physicians were yesterday urged to “take over the industry of medicine” and target 20 per cent of the $2 billion spent annually by Bahamians on health care.
Two different accounting firms had identified serious “compliance breaches” by an insolvent Bahamian broker/dealer up to two years before it collapsed, one finding a $5 million “shortfall” was caused from the unauthorised use of client funds.
THE Bahamas Electricity Corporation (BEC) currently owes its major fuel supplier more than $86 million, its executive chairman revealed yesterday, adding that the monopoly energy supplier was paying Shell West excess of $18 million a month “just to keep going”.
The Bahamas’ oldest florist is looking to expand its weddings and event planning operation to 50 per cent of its overall business via its JW Events division, a company executive telling Tribune Business it had seen a 10 per cent increase in its sales year-over-year.
The liquidator for Gulf Union Bank (Bahamas) and Suisse Security Bank & Trust is heading back to the Supreme Court for “guidance” on whether these cases have to “fall in line” with major changes to the Companies Act’s winding-up rules.
Cable Bahamas yesterday received approval from the leading US communications regulator for its $24 million acquisition of US Metropolitan Telecom, one of its three Florida-based acquisitions.
A successful winding-up of Owen Bethel’s Montaque Capital Partners is dependent on recovering $5.35 million owed by the insolvent Bahamian broker/dealer’s clients and affiliates, plus the fate of $4.3 million being claimed by a Canadian provider.
The US government has taken its foot off Cable Bahamas’ $89 million worth of US transactions, its national security and law enforcement agencies saying they have “no objection” to the Summit Broadband and US Metropolitan Telecom deals.
The multi-million dollar Albany development is aiming to become “more than a place to own a home”, with a recording studio and business and financial centre among the expansion options being assessed by developers.
A well-known Bahamian airline has been ordered by the Nassau Airport Development Company (NAD) to “cease and desist” from plans to impose a 5 per cent ‘collection processing fee’ on all taxes it remits to the LPIA operator.
Hands up, those who become nervous and foam at the mouth when asked to stand up in front of an audience and say a few words.