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THE Government's current fiscal position has "hamstrung the country for several years", a key Ministry of Finance consultant warned yesterday, with recovery almost entirely dependent on how the world economy - and key source markets - perform between now and 2015.
THE Bahamas Real Estate Association's (BREA) president yesterday said the Government was likely "right sizing" its projections for real estate-related Stamp Tax collections, given that this was projected to decline by almost $45 million year-over-year during the 2012-2013 fiscal period.
COMPLIANCE officers subject to new registration requirements with the Securities Commission of the Bahamas should expect a considered, rather than casual, approach to approvals given their critical oversight function.
FEW business owners look forward to the monthly accounting task, even if it is just a question of handing over a shoebox stuffed with receipts to the accountant. We begrudge the time required, and that's a pity. Because it is accounting that tells us where we are heading, and where the money has gone.
CITCO Funds Services yesterday effectively confirmed that redundancies will occur at its Bahamas operations, although it pledged to maintain its fund administration license in this jurisdiction.
INITIAL comments from private sector lenders on the Christie administration's proposed mortgage relief plan have been "very positive", Minister of State for Finance, Michael Halkitis, said yesterday, telling Tribune Business the administration should be in a position to formally present the plan before Parliament's summer recess.
A FAMILY initiative that has been going on for at least 10 years is poised to link up again with Bahamas Waste to help keep Over-The-Hill communities clean.
THE Bahamas Telecommunications Company (BTC) will likely have invested between $65-$70 million in its Next Generation Network (NGN) for fixed-line broadband by the time it is completed, its chief executive telling Tribune Business that increased penetration in this area was already spurring the creation of "a whole new class of entrepreneurs".
A SECOND arm of Owen Bethel's Montaque Group is being wound up, one of its liquidators telling Tribune Business that this company, too, is "insolvent".
CABLE Bahamas yesterday said it was "a bit surprised" by the unseasonal 55 per cent electricity cost increase it suffered during its 2012 first quarter, although this was offset by a 23 per cent revenue rise driven by its new fixed-line voice business.
FREEPORT was yesterday described as "the ideal testing ground" for Value Added Tax (VAT), a leading trade economist suggesting that this nation's Economic Partnership Agreement (EPA) commitments required the Bahamas to "resolve or roll out" an alternative tax system by 2014.
THE Christie administration's failure to "hold the line" on projected recurrent spending for the 2012-2013 Budget year shows it is "not committed to fiscal prudence", a leading fiscal hawk charged yesterday.
GRAPHIC design is a multi-faceted profession that requires intelligence, knowledge, talent and skill across a wide range of work domains. The industry has grown at a rapid pace, with studies revealing that by the year 2018, the number of graphic design jobs will increase by 12 per cent.
ARAWAK Homes' chairman, Franklyn Wilson, yesterday urged Bahamian businesses to closely at monitor controls on their computer systems, telling Tribune Business his operations had been "severely disrupted"after a former employee allegedly took control of his companies' domain names and employee e-mail accounts.
THE MINISTER of State for Finance, Michael Halkitis, said yesterday that in developing the 2012-2013 Budget, the Christie administration inherited recurrent spending commitments of some $938 million with respect to personal emoluments and debt servicing.
IT WAS with some pleasure that I read the letter carried in today's Tribune Business by Dr Nick Karagiannis of the University of North Carolina. Dr Karagiannis is a favourite scholar of mine, and I am very familiar with his work on the Bahamian economy.
The Bahamas Telecommunications Company's (BTC) chief executive yesterday pledged that within a year this nation would no longer be last in the Western Hemisph
The BISX-listed Bahamas Property Fund is losing "in excess of $1 million net " in annual profits due to a 22 per cent vacancy rate at its flagship Bahama
The Government is borrowing an astonishing $669.205 million to cover its financing needs for the 2012-2013 fiscal year, with debt servicing (interest) costs now the single largest lin
HOTEL rates on Grand Bahama are "collapsing", one resort general manager told Tribune Business yesterday, saying the Grand Lucayan was
Baha Mar's renewable energy partner is giving Bahamian investors buying into its $3 million promissory note offering an option to convert their investment into a
Professor Philip Kotler, of the J.L Kellogg Graduate School of Management, is considered by many to be the 'Father of Modern Marketing'. About 25 years ago I attended, and worked for, this pres
The Bahamas Institute of Chartered Accountants (BICA) has announced that Reece Chipman and Zelma Wilson have been appointed members of the Institute of Chartered Accountants of the Caribbean's (ICAC) regional c
Two Higgs & Johnson attorneys have attended the Annual Litigation Forum hosted by the International Bar Association (IBA). Partner and head of litigation, Oscar N. Johnson, along with Tara Archer, partner and chair of the IBA's Consumer Litigation Commit
BAHAMASAIR executives were yesterday optimistic over the viability of the carrier's new service into Grand Bahama, its general manag