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SUPPLIER CONCERNS ON BTC 'INCONSISTENCIES' SOLUTION
By NEIL HARTNELL Tribune Business Editor Bahamian businesses yesterday expressed concern that the Bahamas Telecommunications Company (BTC) was extending the period for paying them to 60 days, as the newly-privatised carrier moves to tackle "inconsistenci
Bahamians warned: Brace for post-VAT delinquency cut-off
Bahamians must get used to companies increasingly cutting them off for non-payment due to Value-Added Tax’s (VAT) cash flow impact, a well-known businessman warned yesterday.
Gov’t is warned: Don’t fall in love with VAT monies
The Government has been warned not to become “too enamoured” with Value-Added Tax’s (VAT) relatively successful start in preparing next week’s 2015-2016 Budget.
PM says: ‘Make best of bad situation’ on VAT
A “very conciliatory” Prime Minister Perry Christie has urged the private sector to “make the most of a bad situation” on Value-Added Tax (VAT) and its implementation, Tribune Business can reveal.
GB airlift solution 'not instant coffee'
By NEIL HARTNELL Tribune Business Editor Contracting Bahamasair to solve Grand Bahama's airlift woes "will not be instant coffee", the minister of tourism and aviation conceded yesterday, adding that his ministry's plans were merely "rebuilding the infra
Mortgage Corp's woes 'not good' for 70% of contractors'
Mortgage Corp's woes 'not good' for 70% of contractors' By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation's (BMC) 'going concern' woes are "not good news" for 70 per cent of Bahamian contractors who rely almost solely on the resi
RoyalFidelity funds enjoy $10m injection
RoyalFidelity Merchant Bank & Trust yesterday said investors had injected a collective $10 million into its three-strong domestic mutual fund family for the year to end-May 2014, aided by the low interest rate “perfect storm”.
Bahamas ‘must get it right first time’ on tourism value
The Bahamas Hotel and Tourism Association’s (BHTA) president has warned that this nation will suffer reduced stopover arrivals unless its product value improves, adding: “We need to get it right first time.”
BAHAMAS OUT OF STEP ON 'INFORMATION AGE'
By NEIL HARTNELL Tribune Business Editor The Bahamas must retool its economy and workforce to offer an expanded services menu including software development and retirement homes, the Chamber of Commerce and Employers Confederation's (BCCEC) chairman sugg
Insurance recovery may wait until 2017
The Bahamian insurance industry may have to wait until mid-2017 to return to strong growth, with one leading underwriter saying its main goal is to “hold the fort”.
Public liens make IBCs 'a bit unique'
By NEIL HARTNELL Tribune Business Editor The ability to file liens in the public registry against the shares and assets of International Business Companies (IBCs) makes these vehicles "a little bit unique and creates an advantage" for the Bahamas, a seni
Public liens make IBCs 'a bit unique'
By NEIL HARTNELL Tribune Business Editor The ability to file liens in the public registry against the shares and assets of International Business Companies (IBCs) makes these vehicles "a little bit unique and creates an advantage" for the Bahamas, a seni
Public liens make IBCs 'a bit unique'
By NEIL HARTNELL Tribune Business Editor The ability to file liens in the public registry against the shares and assets of International Business Companies (IBCs) makes these vehicles "a little bit unique and creates an advantage" for the Bahamas, a seni
Bahamasair facing $1m hangar upgrade
Bahamasair facing $1m hangar upgrade By NEIL HARTNELL Tribune Business Editor Bahamasair's 2012-2013 government subsidy requirement has not yet been determined due to a number of unknowns, including a likely $1 million spend to upgrade its main 50 year-
Bahamasair facing $1m hangar upgrade
Bahamasair facing $1m hangar upgrade By NEIL HARTNELL Tribune Business Editor Bahamasair's 2012-2013 government subsidy requirement has not yet been determined due to a number of unknowns, including a likely $1 million spend to upgrade its main 50 year-
Bahamasair facing $1m hangar upgrade
Bahamasair facing $1m hangar upgrade By NEIL HARTNELL Tribune Business Editor Bahamasair's 2012-2013 government subsidy requirement has not yet been determined due to a number of unknowns, including a likely $1 million spend to upgrade its main 50 year-
BANK IS FACING 50,000 ACCOUNT PROBE ON FATCA
By NEIL HARTNELL Tribune Business Editor Commonwealth Bank yesterday said it was facing the prospect of 'drilling down' into an estimated 50,000 client accounts to determine if there was any US beneficial ownership connection, while telling Tribune Busin
Payroll tax unable to cover NHI
A 3 per cent payroll tax will not be sufficient to cover the proposed National Health Insurance (NHI) scheme’s total costs, the private sector yesterday warning that sticking to a January 2016 implementation will create a “challenging sprint to the finish”.
Gov’t renews oil explorer’s four licences
A Bahamas-based oil explorer last night said it had obtained “hugely significant clarity” from the Government renewing its key licences for a further three years, removing a potential obstacle to finding a joint venture partner and drilling its first exploratory well.
'WHAT'S CHANGED' ON BAHAMASAIR GB AIRLIFT PLANS?
By NEIL HARTNELL Tribune Business Editor The head of a Bahamian privately-owned airline has expressed scepticism over plans to solve Grand Bahama's tourism woes via Bahamasair servicing five US markets, asking Tribune Business: "What's changed?" Acknowle
