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Dorsett highlights need for national development plan
ENVIRONMENTAL protection cannot be assured without the presence of a National Development Plan, government and BNT officials agreed yesterday.
Bahamian resorts: Taxes rise up to 250% in 3 years
Bahamian resorts have seen their room tax and Business Licence payments increase by 66 per cent and 250 per cent, respectively, since 2010, a senior industry executive today warning this nation will “pay a hefty price” for misguided tax policies.
Caribbean rivals 'would love us to implement VAT'
The Bahamas’ Caribbean rivals “would love us to implement Value-Added Tax (VAT”, a Tax Coalition co-chair believes, because any increase in costs further undermines this nation’s ‘US proximity’ advantage.
BREA chief targets 50% sales ‘haemorrhage’ end
The Bahamas Real Estate Association’s (BREA) president wants to “stop the haemorrhaging” represented by a 50 per cent first half sales decline on its Multiple Listing System (MLS), describing the trend as “worrisome”.
Cable: 3-5 years to ‘turn corner’ on Florida move
Cable Bahamas is targeting the “three-five year mark” for returns on its $100 million Florida investment, which has increased its contribution to total revenues by seven percentage points year-over-year.
Cash says Prime Minister ‘intoxicated with power’
FORMER FNM Chairman Darron Cash yesterday blasted Prime Minister Perry Christie for saying his future as PLP leader ultimately lies with his party, adding that Mr Christie is “too intoxicated with power” to relinquish his role as leader to anyone else.
Insurer frets at 4-5% pt motor loss ratio rise
A leading insurer yesterday said it is “taking a very close look” at its motor portfolio, which is suffering from a “squeeze” that has driven loss ratios 4-5 per cent above their historical average.
Leading importers face ‘major’ VAT uncertainty
Major importers were yesterday said to be facing “major” uncertainty over how Customs will calculate duty rates post-January 1, a factor that is preventing them from making essential computer system adjustments.
S&P: VAT intro is ‘great first step’
Standard & Poor’s (S&P) yesterday said that while the Bahamas had taken “a great first step” towards fiscal reform with Value-Added Tax (VAT) implementation, any improvement in this nation’s credit rating depended on successful execution.
Forwarder aims to beat market by 32%
A Bahamian freight forwarding start-up is aiming to differentiate itself from a crowded market by offering value-added services and prices it says are almost one-third below the industry average.
‘Disgruntled’ tourists seeking BPL refunds
Some Family Island resorts are reporting that “disgruntled clients” are demanding refunds due to the frequent Bahamas Power & Light (BPL) outages that are disrupting their experience of The Bahamas.
‘Sooner the better’ for end to mask mandate
A top hotelier yesterday asserted that the Government will “secure tourism’s continued upward momentum” if it eliminates the remaining COVID travel restrictions, adding: “The sooner we do it the better off we will be.”
Bahamas can become 'dominant trade hub'
The Bahamas can become a “dominant trade hub”, the minister for financial services and investments said yesterday, adding that rules-based trading agreements could protect certain industries from ‘dumping’ and other unfair practices.
Minister: ‘Diversify within, not away, from tourism’
A Cabinet minister yesterday said the number of registered Bahamian businesses has increased by 37 percent over the past two years, adding: “We must diversify within, and not away, from tourism.”
URCA rejects Cable’s Starlink ‘level playing field’ push back
REGULATORS yesterday rejected Cable Bahamas’ renewed concerns that it is competing on an “unlevel playing field” against Elon Musk’s Starlink satellite Internet service.
Bank chief: ‘Room for improvement’ on customer relations
The Clearing Banks Association’s (CBA) chairman has conceded there is “room for improvement” in the industry’s relationship with its customers, adding that it needs to show Bahamians that they receive “value for money”.
Bahamas needs $200m to replace lost WTO revenue
THE Bahamas will have to replace almost $200 million or 10.5 per cent of government revenues in a “realistic scenario” for WTO accession, a consultant has revealed.Dr Derk Bienen, who helped drafted a government-funded study on the implications of be
Law needs to alter for GB airport deal
The government must change the Airport Authority Act to facilitate its acquisition of Grand Bahama International Airport, a Cabinet minister has revealed, adding that a deal “is so close I can feel it”.
Basketball champions crowned in Baptist Sports Council
THREE different teams were crowned champions as the Baptist Sports Council concluded its 2017 Basketball League at the AF Adderley Gymnasium on Wednesday night.
Minnis: We're creating a better tomorrow
WHILE hundreds of protesters took over Bay Street yesterday in protest of a value added tax increase and a new sliding tax for web shops, Prime Minister Dr Hubert Minnis told The Tribune his government’s fiscal agenda is about creating “a better tomo
