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Hard Rock saga exposes business ease ‘black hole’
The former Hard Rock Cafe (Nassau) franchise’s road to liquidation was marked by high utility costs, poor labour productivity, crime and the ongoing problems affecting downtown Bay Street.
Aviation attorney ‘turned clients away’ over tax uncertainty
A Bahamian aircraft registry must have clarity on its tax and incentive structure to succeed, an aviation law specialist warning that current uncertainties had forced him to “turn away a lot of work”.
NCAA: LJ Rose to join the BYU Cougars
LJ Rose will move from one “Cougar” programme to another for the third stop of his NCAA basketball career.
Tennyson dead wrong - again
My self-serving, narcissistic, overbearing, thin-skinned, oligarchic newest best friend Tennyson Wells has elevated me to the level of superstar. He has gifted me my very own groupies.
Cable readies $30m pref share offering
Cable Bahamas is again preparing to tap the Bahamian capital markets for a further $30 million in preference share financing, which will help fund the roll-out of this nation’s second mobile provider.
Pre-paid meter solution to BPL ‘cut-off trap’
Bahamas Power & Light (BPL) has been urged to accelerate the roll-out of pre-paid electricity meters, an outspoken businessman arguing that it would help low income Bahamians avoid the “cut-off trap”.
BFSB chief: Industry’s ‘survival under threat’
The Bahamas Financial Services Board’s (BFSB) chief executive yesterday echoed a former Cabinet minister in warning that “the very survival of the sector is under threat”, and demanded urgent reforms.
BFSB chief: Good time for double tax model discussions
The Bahamian financial services industry believes “it is an opportune time” to determine whether this nation should pursue double taxation agreements as a means to attract international business, it was revealed yesterday.
BPL ‘clamping down’ on light bill duckers
Bahamas Power & Light (BPL) is “really clamping” down on bill duckers who use their ‘connections’ to avoid paying, its chief executive yesterday giving the private sector the impression “there’s a new sheriff in town”.
Ex-Cabinet minister urges: ‘Rescue financial services’
An ex-Cabinet minister yesterday urged the Bahamas to move rapidly in rescuing its financial services industry, which he warned was “under tremendous strain”.
$55,000 of aid to help feed the hungry
THE Bahamas National Feeding Network (BNFN) yesterday distributed more than $55,000 in food vouchers to its members, allowing scores of soup kitchens, churches and feeding centres to continue feeding efforts throughout New Providence.
Port ‘within 50 TEUs’ of target
Arawak Port Development Company (APD) yesterday said it will close its 2016 financial year “within 50 containers of budget”, while calling for repairs to the harbour’s breakwater “sooner rather than later”.
Foreign receiver hits at Bahamas ‘legal hurdles’
A Canadian receiver has hit out at the Bahamian “legal hurdles” complicating his efforts to recover assets from two Paradise Island residents, who have been accused of perpetrating a $22.6 million fraud.
Mortgage Corp auditor slams accounts shambles
The Bahamas Mortgage Corporation’s (BMC) chairman yesterday said he was “very confident” that its financial health will improve with every audit, after accountants again blasted its shambolic record-keeping.
‘Tripartite Group’ to assess Business Licence
The Government has agreed to the formation of a ‘Tripartite Working Group’ that will assess the Business Licence fee and its rate structure, an initiative the private sector hopes will eventually cover “all tax matters”.
Gov’t urged: ‘Think through implications’ of compliance plans
The Chamber’s chairman yesterday questioned whether the Government had “thought through the practical implications” of how its enhanced tax compliance measures would work.
Michelle Miller Motivationals: Are you resilient enough?
I see resilience as that indefinable, elastic-like quality that stretches your capacity to hold yourself together in the midst of life’s ever changing weather.
Doctors in $573k project write-off
Doctors Hospital has written-off $573,000 in architectural drawing fees after deciding not to proceed with a “major renovation” investment at its main Collins Avenue facility.
Summit scales peak in 72% profit growth
A Bahamian insurer believes it will be “challenging” to repeat a 2015 performance which saw its net income increase by 72.3 per cent year-over-year.
‘Too much emphasis’ on Baha Mar failure
A Canadian-owned bank has given the Christie government a major credibility boost by backing its position that the rating agencies are “putting too much emphasis” on Baha Mar when assessing the Bahamas’ creditworthiness.
