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Skills worry over $732m Agency ‘3 months away’

The Government’s Central Revenue Administration (CRA) has hired 75 per cent of its target staff, and anticipates being operational in “less than three months”, amid concerns over whether all its recruits have the necessary tax enforcement skills.

CIBC eyes retail ‘footprint’ growth

JAMAICA - CIBC FirstCaribbean International Bank plans to expand its retail footprint in the Bahamas its top regional executive yesterday describing this nation as “incredibly important” to its banking operations.

Sports notes

THE Bahamas Association of Athletic Associations has announced that the final registration for the Open National Championships is today.

BOB’s ‘problems much bigger’ than Resolve bail out

Bank of the Bahamas’ continued quarterly losses show it has “much bigger problems” than the $100 million in ‘bad’ loans already removed from its balance sheet, the Opposition’s deputy leader said yesterday.

Gov’t receives 40-50 self-energy responses

The Government has received between 40-50 registration applications to-date for its residential energy self-generation (RESG) programme, a Cabinet minister noting that the Family Island response had been tepid.

Gomez challenges Moss to prove claims of tax flaws

CENTRAL and South Eleuthera MP Damian Gomez expressed disappointment in Marco City MP Greg Moss during his budget contribution in the House of Assembly yesterday as he urged the outspoken parliamentarian to produce evidence proving that the government’s tax reform strategies are flawed.

‘A bloody mess’: $17.1m loss sparks new BOB fear

Angry shareholders are losing faith in Bank of the Bahamas (BOB) ability to regain full health, with one describing it as “a bloody mess” following a 73.4 per cent increase in investor losses to $17.148 million.

Super Value fears sandwich via price ‘collision course’

Super Value’s owner says the Value-Added Tax (VAT) Unit and Price Control are “on a collision course”, and fears his business will be caught “in the middle”.

CLUBS AND SOCIETIES 12 June 2015

Bahamas Actors & Filmmakers Group. - A meeting was held on Monday of the Bahamas Actors & Filmmakers Group, bringing together members of the Bahamian acting and filmmaking community.

Expert diver issues call for more national parks

EXPERT commercial diver and spear-fisherman David Rose believes that more national parks and protected areas for marine resources in Grand Bahama are needed to replenish the dwindling stock.

Fidelity beats capital raising target by $5m

Fidelity Bank (Bahamas) has beaten its capital-raising target by $5 million, generating $23.5 million from a combination of preference shares and its debt paper programme.

Oil price crash makes BPC ‘even more attractive’

The Bahamas Petroleum Company (BPC) yesterday said its exploration activities have been made “more attractive than ever” by the recent oil price crash, and it will “break even” with a much smaller oil field than previously thought.

Social services project aims to help people ‘rise’

AFTER years of planning and research, the Department of Social Services’ Conditional Cash Transfer project is now a reality following the launch of the Ministry of Social Services’ RISE public relations campaign yesterday.

YOUNG MAN'S VIEW: PLP misplaces its belief in Bahamians

LET’S be frank and honest and agree that, by all signs and indications, the governing Progressive Liberal Party has swung into campaign mode in anticipation of the 2017 general election.

Auditor-General blasts key revenue agencies’ IT management woes

The Government’s two key revenue-generating agencies are unable to rebound quickly if struck by a major disaster, the Auditor-General warning that they “are not effectively managing their [IT] systems”.

Bran says: ‘No success in VAT’

The Democratic National Alliance’s (DNA) leader yesterday asserted that “there is no success in Value-Added Tax”, arguing that Bahamians were now “paying” for successive governments’ fiscal mismanagement.

‘Large cry’ from SMEs over Business Licence verification threshold

A top private sector executive yesterday urged the Government to reconsider the proposed $100,000 threshold for companies to have their turnover certified by an accountant, arguing this would almost double Business Licence costs for small firms.

‘Bureaucratic delays’ drive Doctors losses

Doctors Hospital’s chairman has blasted the “many bureaucratic obstacles” it has faced in obtaining approvals for its medical tourism initiatives, implying that this played a key role in driving a 190 per cent year-over increase in its net losses.

‘Premature’ to hand back VAT windfall

A top private sector executive yesterday warned it might be “premature” for the Government to start ‘handing back’ its Value-Added Tax (VAT) windfall via other tax breaks, arguing that deficit reduction was the priority.

$110m collected in VAT in first three months

THE government has collected $110m in value added tax payments during the first three months of the year, Prime Minister Perry Christie told the House of Assembly yesterday.

The Tribune

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