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Gov’t told: Don’t adjust tariffs at ‘last minute’
The Government was yesterday warned it has one month to inform auto dealers about whether the industry’s Excise Tax rates will be lowered to compensate for Value-Added Tax (VAT), otherwise it may see revenue generated by the sector drop-off in the New Year.
PM 'in la la land' on Bimini as top PPP
A well-known QC yesterday said Prime Minister Prime Minister Perry Christie was “living in la la land” to tout the Resorts World Bimini development as the best example of a successful public-private sector partnership (PPP).
CHARTING THE RIGHT COURSE IN BUSINESS
By Simon Cooper Res Socius Let's face it. The Concordia disaster is one huge mess that never should have happened. My heart goes out to those affected by it, and they are in my thoughts. But there are lessons for businesspeople, too. Let's compare how th
CARIBBEAN FIRM TO TAKE OVER TOP TOUR DESTINATION
By NEIL HARTNELL Tribune Business Editor A leading New Providence tourist attraction is set to be transformed into a "first class destination" via an investment worth "millions" of dollars, Tribune Business can reveal, with its Bahamian owners set to sel
US judge slams broker chief’s ‘court disregard’
A Bahamian broker/dealer’s principal has been accused of “disregard for the court’s authority”, resulting in a New York judge blocking his bid to retreat from two multi-million dollar securities fraud lawsuits.
CIBC:‘No plans’ for further terminations
CIBC’s top Caribbean executive yesterday said the bank had “no plans” for any further major outsourcing of jobs from the Bahamas, emphasising it was targeting the retail and private wealth management segments for growth.
Police probe like 'sword of Damocles'
By NEIL HARTNELL Tribune Business Editor A Royal Bahamas Police Force (RBPF) investigation is "hanging over our heads like the sword of Damocles", developers of a $40 million Exuma-based real estate project have told Tribune Business, arguing that severa
Police probe like 'sword of Damocles'
By NEIL HARTNELL Tribune Business Editor A Royal Bahamas Police Force (RBPF) investigation is "hanging over our heads like the sword of Damocles", developers of a $40 million Exuma-based real estate project have told Tribune Business, arguing that severa
Police probe like 'sword of Damocles'
By NEIL HARTNELL Tribune Business Editor A Royal Bahamas Police Force (RBPF) investigation is "hanging over our heads like the sword of Damocles", developers of a $40 million Exuma-based real estate project have told Tribune Business, arguing that severa
STOP 'DABBLING' IN RENEWABLE ENERGY
By NEIL HARTNELL Tribune Business Editor Rising oil prices could dampen the pace of Bahamian economic recovery, the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) warned yesterday, emphasising the need for this nation to have "a true,
Bahamasair's $120m finance for new fleet
Two major global financial institutions have been hired to raise $120 million for Bahamasair before year-end, Tribune Business can reveal.
‘Deceptive indicators’ hurt Budget estimates
The Chamber of Commerce’s chairman believes the use of “misnomers and deceptive indicators” are causing the Government to consistently miss unrealistic Budget and fiscal targets.
Insurers: ‘Light at end of tunnel’ over taxation
Bahamian insurers yesterday voiced relief that there is “light at the end of the tunnel” after the Government said it would drop plans to move the industry to a Business Licence fee taxation regime.
Realtor has ‘never seen such high rental rates’
A Bahamian realtor says he has “never seen such high rental rates” as now exist in some of western New Providence’s most upscale communities with demand in this segment now suppressing available-for-sale inventory.
Port chair pledges to address 'vitally important' breaks
THE Grand Bahama Port Authority's (GBPA) newly-confirmed chairman yesterday pledged to address Freeport's "critically important" Business Licence and real property tax exemptions, due to expire in 2015, with the Governmsent once the election was over.
Enterprises Bill compared to ‘fighting cancer with band-aid’
A well-known businessman has compared the Government’s Commercial Enterprises Bill to “fighting cancer with a band-aid”.
China provides 'no Baha Mar comfort'
Baha Mar's Bahamian creditors and former employees "can't take much comfort" from the project's financier breaking its silence, the FNM's deputy leader arguing that it merely confirmed "no deal is in hand".
Superwash chief: VAT bites 12-14% off key products
A leading businessman says the Bahamian economy is stuck "in a funk" as Value-Added Tax's (VAT) full impact starts to bite, with sales in two of his key product categories down 12-14 per cent. Dionisio D'Aguilar, Superwash's president, told Tribune Business that the Bahamas desperately needed to change its attitude towards "rebooting the economy" and making it easier to conduct business.
Bahamasair eyes 'break even' despite $21m loss
Bahamasair eyes 'break even' despite $21m loss By NEIL HARTNELL Tribune Business Editor Despite being on target for a $21 million loss in its 2011-2012 financial year, Bahamasair's chairman says the airline is trending in the right direction and eventua
Bahamasair eyes 'break even' despite $21m loss
Bahamasair eyes 'break even' despite $21m loss By NEIL HARTNELL Tribune Business Editor Despite being on target for a $21 million loss in its 2011-2012 financial year, Bahamasair's chairman says the airline is trending in the right direction and eventua
