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Antoan: I never gave up on my dream
IT’S one thing to get a chance to play at the highest level of your sport. It’s another when you get a second chance to do it all over again.
Contractor 'grind' over Baha Mar pay delays
Bahamian contractors yesterday disclosed it was “a grind” to obtain timely payment for work done on the $3.5 billion Baha Mar project, with waits up to 90-120 days hitting cash flow and eating into already-thin profit margins.
Union chief hits out as pay held back
BAHAMAS Public Service Union President John Pinder criticised the Ministry of Works yesterday for reportedly withholding the salaries of nearly 100 employees as a means to recoup money the government “accidentally” overpaid the workers.
Freeport's $500m fiscal boost at critical mass
Freeport’s contribution to the Public Treasury could increase five-fold to $500 million if the city reaches its planned population size, with the private sector arguing that it could help solve both the Bahamas’ fiscal and ‘free trade’ issues.
Bahamas urged: 'Knock down med tourism barriers'
The Bahamas must “knock down all the barriers that threaten the viability” of a medical tourism industry, a well-known surgeon warning there was a “disconnect” between rhetoric and reality.
Gov't must beware those VAT pitfalls
All taxes, to a greater or lesser extent, rely on the voluntary co-operation of the population. UHY’s experience with the tax regimes in many jurisdictions indicates that there are some well-trodden paths in the short, medium and long-term when different problems will be apparent at different stages of implementation. These problems can be circumvented, or mitigated, to at least some extent by forewarning, education and pre-planning.
Social services debit card to be introduced before December
SOCIAL Services Minister Melanie Griffin said yesterday that the government expects to implement the initial phase of its conditional cash transfer system – a prepaid debit card – by the end of November.
Self-energy proposal 'sets us further back'
The Bahamas is 30 years behind the rest of the world on renewable energy implementation, with one provider blasting the Government’s residential and commercial self-generation plans for “setting us back further”.
Doctors suffers $1.8m half year reversal into the red
Doctors Hospital has seen a 14.2 per cent second quarter decline in patient days compared to 2013, with net patient revenue falling 7.3 per cent compared to last year's second quarter.
Choosing the correct toothbrush
ONE of the most confusing moments at the drugstore comes when deciding which toothbrush to buy. Really? It is not that hard. The correct one is always “soft”.
Energy self-generation plan ‘confusion’ worry
The Government was last night warned that its energy self-generation initiative would cause “some confusion” without further clarification, although it was praised for getting renewables “out of the starting blocks”.
Freeport incompatible with ‘aggressive’ VAT
Freeport’s business model is incompatible with the “blunt and aggressive instrument” that is Value-Added Tax (VAT), a senior Grand Bahama Chamber of Commerce executive believes.
Canada’s crime warning reinforces tourism fears
The upgraded travel warning on “high rates of crime” in the Bahamas, issued by this nation’s fastest-growing tourism market, yesterday reinforced the industry’s fears about the immense potential damage the recent surge in violence could cause.
AML targeting full year '12 cent' dividend yield
AML Foods believes it will generate a full-year dividend yield of $0.11-$0.12 per share, after it yesterday unveiled an almost 10-fold year-over-year net income increase for its second quarter.
Gov't yet to keep Freeport tax roll back promises
The Government has yet to keep its promise to completely roll back the 2013-2014 Budget tax/fee increases imposed on Freeport, with the city’s private sector still “living at the whim of the Government”
Freeport services VAT's 'checks and balances'
Despite criticism that the Government’s plan to levy Value-Added Tax (VAT) on services transactions between Grand Bahama Port Authority (GBPA) licensees would likely generate zero revenue for the Public Treasury, a senior finance official yesterday suggested the move was more about “checks and balances”.
Moody's: Fiscal deficits 'double' Gov't estimates
The Bahamas’ fiscal deficits for the two upcoming Budget years will be double what the Government is projecting, with Moody’s branding its consolidation targets as “hard to achieve” due to the weak economy.
Chamber chief: Delay joining WTO until 2017
The Bahamas should “put off” becoming a full World Trade Organisation (WTO) membership until 2017, a leading private sector executive said yesterday, as this would provide enough time to assess Value-Added Tax’s (VAT) performance.
Freeport services VAT: 'No Gov't revenue gain'
The Government’s plan to levy Value-Added Tax (VAT) on services transactions between Grand Bahama Port Authority (GBPA) licensees was yesterday described as “peculiar”, given that it would likely generate zero revenue for the Public Treasury.
MP: What about existing web shop loans?
The Gaming Bill and accompanying regulatory package fails to address the multi-million dollar ‘parallel banking system’ created by a web shop industry that is unlikely to “suddenly give that up”, Tribune Business was told yesterday.
