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CWC: BTC ‘lags’ region despite $75m investment
The Bahamas Telecommunications Company’s (BTC) controlling owner yesterday conceded that its network quality “lags” much of the Caribbean and wider world, despite increasing its capital investment by 47 per cent last year.
Gas station warning of New Year lay-offs
A gas station operator yesterday warned the 24 percent minimum wage increase will “almost certainly” force the sector to cut staffing levels unless the Government grants a long-awaited margin increase.
Gov’t agrees ‘few hundred thousand’ in VAT credits
The Government has approved “several hundred thousand dollars” of Value-Added Tax (VAT) credit refunds, a top official yesterday promising that businesses would not endure “a protracted wait” to receive them.
Insurers ‘not oblivious’ to Bahamas sanctions threat
THE insurance industry “is not oblivious” to the need for the Bahamas to comply with global anti-financial crime standards and avoid sanctions, its chairman said yesterday.
Bimini Bay facing homeowners revolt
The Bimini Bay Resort is facing a homeowners revolt in the Supreme Court, with multiple purchasers voicing concerns over how their properties and multi-million dollar maintenance fee sums are being managed.
74% 'PERSONAL' CREDIT IMPEDES DEVELOPMENT
By NEIL HARTNELL Tribune Business Editor The Bahamas' development is being "seriously impacted" because its citizens are unable to invest in key productive areas, such as energy and transportation, due to almost 74 per cent of credit going on 'personal'
Oil explorer: New fiscal regime does not apply to us
The Bahamas Petroleum Company’s (BPC) chief executive yesterday said the Government’s increased ‘take’ from oil exploration would not apply to its activities, because its fiscal terms were already set.
BAHAMAS URGED: ADDRESS FINANCIAL LAW WEAKNESSES
By NEIL HARTNELL Tribune Business Editor The US government has again urged the Bahamas to strengthen its anti-terror financing laws and make membership of organised criminal gangs a criminal offence, according to a recently-released US State Department r
Tax delinquents warned to brace for ‘shock treatment’
Major tax defaulters were yesterday warned to brace for “shock treatment” from the Government’s recently-unveiled tax crackdown, the Bahamas Chamber of Commerce’s (BCCEC) chairman giving his “strong support” to the initiative.
Govt tax crackdown exposes ‘desperation’
The Christie administration’s much-trumpeted tax crackdown has exposed its “desperation” over the strained fiscal position, the Democratic National Alliance’s (DNA) leader yesterday charging: “The Government is broke.”
Caribbean hotel rivals beat Bahamas' 5% RevPAR rise
By NEIL HARTNELL Tribune Business Editor The Bahamian hotel industry's 5 per cent revenue per room (RevPAR) increase for the first nine months in 2011 was overshadowed by greater rises in many Caribbean competitors, as an industry consultant yesterday to
Caribbean hotel rivals beat Bahamas' 5% RevPAR rise
By NEIL HARTNELL Tribune Business Editor The Bahamian hotel industry's 5 per cent revenue per room (RevPAR) increase for the first nine months in 2011 was overshadowed by greater rises in many Caribbean competitors, as an industry consultant yesterday to
PM cuts 2016 GDP growth to just 0.5%
Prime Minister Perry Christie yesterday slashed a full percentage point off the Bahamas’ projected economic growth for 2016, cutting real GDP expansion estimates to just 0.5 per cent.
BRISTOL PREMIER'S 'BEST OF THE BEST'
By NEIL HARTNELL Tribune Business Editor Bristol Wine and Spirits is aiming to showcase "the best of the best" in its wine and spirits portfolio through next week's 'soft opening' of its one-acre Premier Cru venue on Gladstone Road, its president yesterd
PUBLIC SPENDING TO RISE 'LESS THAN 0.1% OF GDP' VIA WAGE FREEZE END
By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government believes, its major difference with the International Monetary Fund (IMF)
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
Tax crackdown: Govt hits 6,000 businesses, 5,000 property owners
The Government last night unveiled its promised crackdown on tax defaulters, promising to first pursue the largest, wealthiest delinquents - some 6,000 businesses and 5,000 high-end property owners.
