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Moody's: Budget 'overly optimistic'
Wall Street believes the Government’s plan to balance its Budget by 2016-2017 is “overly optimistic”, as it requires an “unprecedented” positive swing of almost $400 million on the primary side alone.
Doctors in 40% public GB hospital ownership
Doctors Hospital is planning to offer at least a 40 percent collective ownership stake to Grand Bahamians in the $15m-$20m hospital it plans to open on that island by the 2022 second quarter.
PM hails bright future at new maritime academy
PRIME Minister Perry Christie declared that “the future is bright” and insisted that the government has to “reassess” its approach to maritime initiatives after his initial tour of the Lowell J Mortimer (LJM) Maritime Academy on Friday.
DPM: Boat fee rises 'strike fair balance'
The deputy prime minister yesterday argued that the government had “struck a fair balance” on the increased boating and cruising permit fees revealed this week.K Peter Turnquest said the prior fee structure had not been altered for some time, leading
Shell: Bahamas 'front runner' on clean energies
A Shell executive yesterday said The Bahamas can be “a real front runner” in adopting cheaper, more environmentally-friendly fuels through New Providence’s proposed new multi-fuel power plant.Markus Hector, Shell LNG marketing and trading’s general m
Fiscal calamity just ‘one disaster away’
The Government’s proposed hurricane reconstruction bond shows the Bahamas is “one disaster away from financial disaster”, the Opposition’s finance spokesman said yesterday.
$30m Town Centre 'shooting' for Xmas 2012 completion
$30m Town Centre 'shooting' for Xmas 2012 completion By NEIL HARTNELL Tribune Business Editor New Providence Development Company is "aggressively shooting" to have its $30 million Old Fort Bay Town Centre fully operational by Christmas 2012, Tribune Bus
$30m Town Centre 'shooting' for Xmas 2012 completion
$30m Town Centre 'shooting' for Xmas 2012 completion By NEIL HARTNELL Tribune Business Editor New Providence Development Company is "aggressively shooting" to have its $30 million Old Fort Bay Town Centre fully operational by Christmas 2012, Tribune Bus
$30m Town Centre 'shooting' for Xmas 2012 completion
$30m Town Centre 'shooting' for Xmas 2012 completion By NEIL HARTNELL Tribune Business Editor New Providence Development Company is "aggressively shooting" to have its $30 million Old Fort Bay Town Centre fully operational by Christmas 2012, Tribune Bus
National debt shrinks $77m in third quarter
The Bahamas’ national debt shrank by almost $77m during the 2023 third quarter but this proved insufficient to reverse the total $400m-plus growth incurred over the prior 12 months, it was revealed yesterday.
Insurers gain ‘last minute’ extension over VAT credits
The Bahamian insurance industry was yesterday granted a ‘last-minute’ two-week extension for the filing of its first Value-Added Tax (VAT) ‘credits’ claim, a leading executive acknowledging the sector “didn’t get everything we wanted”.
FNM wanted VAT in 'two-three years'
The Free National Movement (FNM) had planned to implement a Value Added Tax (VAT) within “two to three years” if it had been re-elected in May 2012, a former Cabinet Minister yesterday saying it would “not have been fooling around with a gaming referendum”.
Chamber plans push for Business Licence change
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday pledged to continue lobbying the Governent for changes to the Business License regime and fee structure by 2016, its chief executive suggesting this could be considered a “trade-off” given the private sector’s role in Value-Added Tax (VAT) administration.
Price control: Enough warnings, store owners will be prosecuted
THE Price Control Commission yesterday indicated that it is finished giving warnings to local food stores, particularly Super Value, for not having the necessary documents to justify “high prices” on extended breadbasket items.
Reduce petroleum tax burden . . . but not through VAT
The Government was yesterday urged to reduce the Bahamian petroleum industry’s taxation burden by focusing on the non-Value Added Tax (VAT) levies.
Crop forecasting to counter 'ad hoc' agriculture progress
Bahamian agriculture has been developing in an “ad hoc” manner for far too long, the Bahamas Agricultural Producers Association’s (BAPA) president telling Tribune Business yesterday that a market information management system, inclusive of crop forecasting, needs to be produced.
Family Island locations 'blowing it out the water'
A senior tourism official yesterday said several Family Island destinations have been "blowing it out of the water" as the Government seeks to drive increased airlift to the destination.
Robotics and renewables join high school curriculum
The Ministry of Education is adding robotics and sustainable energy as topics to its high school curriculum in a bid to further reduce workforce skills gaps in industries The Bahamas wants to develop.
Gov'ts 'surest bet' is on Bahamian entrepreneurs
The deputy prime minister yesterday said the Government's investment in Bahamian entrepreneurs is "the surest bet" it has made as it targets specific industries in the 2020-2021 fiscal year.
Supply chain boost via new Rock Sound dock
Rock Sound's replacement dock will improve the speed and efficiency of deliveries to businesses in that part of Eleuthera when it is completed by May 2021.
