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Cruise giant in $3,000 annual PI seabed deal
Royal Caribbean Cruise Lines secured a second lease from the Minnis administration allowing it to rent three acres of seabed off Paradise Island for just $3,000 per annum, it can be revealed.
Freeport 'ideal VAT testing bed'
FREEPORT was yesterday described as "the ideal testing ground" for Value Added Tax (VAT), a leading trade economist suggesting that this nation's Economic Partnership Agreement (EPA) commitments required the Bahamas to "resolve or roll out" an alternative tax system by 2014.
10% sales increase gives car dealers 'bounce in our step'
BAHAMIAN new car dealers have "a little bit more bounce in our step" after industry sales for the 2012 first quarter increased 10 per cent year-over-year, although they want to see three consecutive quarters of growth before "counting on" a confirmed recovery trend.
Xmas charity donations decrease by nearly 20%
MAJOR charitable organisations saw a decrease in donations of up to 20 per cent this past Christmas, with Hurricane Joaquin relief efforts thought to have already strained the pockets of potential donors.
Reduction on electricity bills 'not due to BPL'
IF you’ve noticed a reduction on your Bahamas Power and Light billing, it’s probably because you used less electricity, BPL Chairman Donovan Moxey told The Tribune Monday, not because the electricity provider did anything differently.
Treasure Cay’s fuel post eyes $3m record
While the new Delta Airlines service has brightened the immediate future for Abaco tourism, a Treasure Cay hotelier warned that the lack of domestic service into that location “has hurt us for three years”.
'Priceless Bahamas' merchants 'double' since launch
The number of Nassau/Paradise Island retailers participating in MasterCard’s "Priceless Bahamas" has "more than doubled" since its launch in 2008, according to regional executives, who said the programme was helping the Bahamas move to a cashless society.
COVID’s ‘timing concerns’ for $24.5m cruise port IPO
Nassau Cruise Port’s chief executive yesterday said COVID-19’s economic impact has caused “concerns with the timing” of its plans for Bahamian investors to gain ownership in the $250m project.
Bahamas ‘grew’ stopover market share during 2012
Hotel industry leaders yesterday disputed Moody’s assertion that the Bahamas had lost stopover visitor market share to Caribbean rivals, saying this nation “held or slightly increased” its share in 2012 - a year that 1.35 million air arrivals made the best since 2008.
Bahamian firm claims first as cloud-based ID provider
A Bahamian information technology (IT) company yesterday said it had become the first cloud-based identification (ID) card provider to offer such services in this nation and the wider Caribbean. Sure Badge, in a statement, added that its online card
We deserve better
THE Progressive Liberal Party ran a very successful campaign in 2012 highlighting the extent of the debt, deficits, corruption and murders and told us ad nauseum they would fix them. Yet somehow they are all worse today.
BISX welcomes new listing
Bahamas International Securities Exchange (BISX) yesterday announced that Oil & Gas Opportunity Lending Fund Ltd. (the Fund) has successfully completed the BISX Mutual Fund Listing Process.
Ex-Barbados PM to speak on VAT
Former Barbados prime minister, Owen Arthur, will address the Grand Bahama Chamber of Commerce this Monday on his country’s experience with Value-Added Tax (VAT).
Rainy weather expected to leave area tomorrow morning
RAINY weather is expected to continue sporadically throughout the northern Bahamas today but will leave the area tomorrow morning, according to meteorologists at the Department of Meteorology.
Provider for digital B$ ‘will not be greedy’
The digital Bahamian dollar’s technology provider yesterday pledged to “open up” opportunities for local start-ups and financial operators, and promised: “We won’t be greedy.”
IDB study shows VAT 'positive' for jobs, growth
An Inter-American Development Bank (IDB) study has shown that Value-Added Tax (VAT) will have a “positive” impact on the Bahamian economy’s growth and employment prospects in the medium-term, a senior official said last night.
Realtor: VAT 'sell' critical to foreign buyer confidence
A leading realtor yesterday said he would “love” for his firm to beat 2013’s 35 per cent increase in total transaction value, but warned that much depends on how the Bahamas “sells” Value-Added Tax (VAT) to foreign investors.
Govt must ‘increase lot prices’ for project to work
A Bahamian real estate developer yesterday argued that the Government will have to “increase the price of the lots” in its planned 83-acre subdivision to make the project work.
NEW MOODY’S DOWNGRADE: Action taken over financing access fears
The Bahamas was last night urged to "move more urgently to rev the engine" after Moody's again downgraded the country's sovereign creditworthiness over fears its access to borrowing is being squeezed.
OECD/EU: Lawsuits over tax breaks end are ‘your problem’
The Bahamas would have been “blacklisted” had it insisted on existing foreign investors fully enjoying their preferential investment incentives, the deputy prime minister revealed yesterday.
