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VAT roll-out ‘not perfect’

The Chamber of Commerce’s chairman said that while Value-Added Tax’s (VAT) introduction had been smoother than anticipated, “we kid ourselves if we think it was a perfect roll-out”.

Businesses urged to make VAT filings as early as possible

THIS month’s value added tax filings by small and medium-sized businesses will “challenge” the government’s automated Online Tax Administration System, according to Bahamas Chamber of Commerce and Employers Confederation CEO Edison Sumner.

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DNA leader blasts Gray for ‘bad governance’

DEMOCRATIC National Alliance Leader Branville McCartney yesterday added his name to the growing list of persons “worried about what is going on” at the Bahamas Agriculture and Marine Sciences Institute (BAMSI).

FNM Chairman says BTC bonus leaks ‘a deflection attempt by PM’

FREE National Movement Chairman Darron Cash yesterday labelled the leaked reports of bonus payments at the Bahamas Telecommunications Company following its controversial sale to Cable and Wireless in 2011 a “deflection attempt” by the Prime Minister and the Progressive Liberal Party, adding that the $1.5m payments to executives were “well deserved”.

Baptist Sports Council kicks off its 2016 Basketball Classic

THE Baptist Sports Council kicked off its 2016 Basketball Classic at the Baillou Hills Sporting Complex on Saturday.

Developer: ‘Rumours of my death greatly exaggerated’

An Exuma developer yesterday said “rumours of my death have been greatly exaggerated” as he outlined progress with his “semi-private club and marina” project.

Social Services budget doubles within two years

A Cabinet minister yesterday further highlighted COVID-19’s devastating impact on Bahamian society by revealing that his ministry’s budget has increased by 100 percent in the two years since he took office.

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BTVI president says Bahamas ‘must do better’ on education

The Bahamas Technical and Vocational Institute’s (BTVI) president says The Bahamas must produce better-qualified workers as 60 percent of employers are unable to find the staff they need.

Outsourcing to drive growth in agricultural

A Cabinet minister yesterday unveiled a privatisation, outsourcing and public-private partnership (PPP) strategy that is designed to reverse agricultural sector contraction and empower Bahamians.

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Chamber chief: 50% of firms not totally insured

The Chamber of Commerce’s chief executive yesterday underscored the difficulties in recovering from Hurricane Dorian by revealing that around 50 percent of storm-hit businesses were not fully insured.

‘Next hurricane can wipe us out’

The Bahamas “must be at the table” in developing a financial compensation mechanism for climate change, a top official said yesterday, adding: “The next hurricane can wipe us out.”

Farmer gains 2,500 clients over backyard consultancy

One farm has pivoted to providing backyard farming consultancy services to more than 2,500 persons as a result of the COVID-19 pandemic’s impact on incomes and food security.

'Swept under rug': wrecked autos facilitate crime

Bahamian auto dealers yesterday urged Customs to crack down on wrecked and damaged car imports, warning that they were facilitating high levels of vehicle theft.

Tour operator sees profit wipe-out in Licence fee rise

A Bahamian transportation/tour operator pioneer said yesterday his company was looking at an “almost double” increase in its annual Business Licence fee, adding that the added expense would wipe out its profits.

Duty-free goods VAT 'counter productive'

LEVYING Value-Added Tax (VAT) on duty-free merchandise was yesterday described as “counter-productive” to boosting tourist spending, with retailers calling on the Government to lower the existing tax burden on such goods.

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New Fresh Market 'beats' predecessor's first day sales

AML Foods yesterday said its new Solomon’s Fresh Market store at Harbour Bay exceeded the first day sales achieved by its western New Providence counterpart, its chief executive anticipating that a further five-10 staff will need to be hired.

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84 illegals held - none from sloop

PRIME Minister Dr Hubert Minnis “is very disturbed” by the illegal landing of a sloop on Adelaide Beach and is awaiting a “full report” on how the landing was possible, his Press Secretary Anthony Newbold said yesterday.

Make San Salvador World Heritage site

A Ministry of Tourism executive yesterday urged The Bahamas to “lobby in earnest” for the entire island of San Salvador to be designated a UN World Heritage Site, adding that this typically boosted business volumes by 8-15 percent.

Bahamas achieves 'substantial' energy training milestone

THE Bahamas yesterday achieved a "fairly substantial" milestone by becoming the first Caribbean country outside Jamaica to establish an in-country, internationally recognised certification course for renewable energy installation, via a partnership that also involves BTVI.

Agriculture’s ‘value’ falls 31% in 4 years

Real value added in the Bahamian manufacturing and agriculture sectors declined by 10 per cent and 31 per cent, respectively, between 2011-2015, with “fundamentally different business conditions” needed to reverse the fall.