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VAT health claims change ‘may’ not happen April 1
The Government “may not” implement the new VAT treatment for medical insurance claims payouts by its April 1 target, it was revealed yesterday, with the decision hinging on a meeting with healthcare stakeholders later this week.
‘Slap in the face’ on Dorian’s tax breaks
The Government was yesterday accused of delivering “a slap in the face” to Abaco and Grand Bahama by confirming that both islands’ present Dorian-related tax breaks expire today as scheduled.
Brewery aims to be 'supplier of choice'
Commonwealth Brewery's newly-appointed managing director yesterday said he wants the BISX-listed company to become the Bahamas' alcohol "supplier of choice", noting that it
Bahamasair eyes 'break even' despite $21m loss
Bahamasair eyes 'break even' despite $21m loss By NEIL HARTNELL Tribune Business Editor Despite being on target for a $21 million loss in its 2011-2012 financial year, Bahamasair's chairman says the airline is trending in the right direction and eventua
Bahamasair eyes 'break even' despite $21m loss
Bahamasair eyes 'break even' despite $21m loss By NEIL HARTNELL Tribune Business Editor Despite being on target for a $21 million loss in its 2011-2012 financial year, Bahamasair's chairman says the airline is trending in the right direction and eventua
Committee will probe BTC deal
MORE than five years after a deal was inked by the previous Ingraham administration to sell the Bahamas Telecommunications Company Ltd (BTC), the government yesterday moved a resolution in Parliament to establish a select committee to probe the controversial sale to Cable and Wireless.
Web shop staff call for boycott
WEB shop employees yesterday suggested a boycott of businesses or economic interests of Cabinet ministers as operators pledge to take their fight against an impending tax increase on their sector all the way to the Privy Council.
Realtor: Economic citizenship can lower Bahamian tax burden
A prominent realtor has renewed his call for The Bahamas to introduce economic citizenship, arguing it will create a new revenue source and lessen the tax burden on Bahamians.Mario Carey, the founder of Better Homes and Gardens Real Estate MCR Bahama
BTC revenue revival after 10k client loss
The Bahamas Telecommunications Company’s (BTC) owner is targeting a 2018 second half turnaround for its slumping top line, after it lost another 10,400 mobile customers due to “competitive intensity”.Balan Nair, Liberty Latin America’s (LiLAC) chief
S&P: Bahamas to shrink by 16%
Standard & Poor’s (S&P) last night forecast that the Bahamian economy will shrink by an “unprecedented” 16 percent in 2020 as it further downgraded this nation’s sovereign creditworthiness.
Doctors Hospital cuts 43 staff over 'blunt fiscal reality'
Doctors Hospital has revealed the termination of 43 workers after aggressive cost-cutting measures proved insufficient to offset “diminished patient activity”.The BISX-listed healthcare provider, in a statement issued at the weekend, warned that it w
Foreign reserves enjoy $200m restriction boost
The Central Bank’s governor yesterday said restrictions imposed on capital outflows have boosted the external reserves by $200m to-date, as he pledged: “Losing control of the peg is not an option.”John Rolle, unveiling the regulator’s economic assess
Financial provider set to trigger expansion
A Bahamas-based multi-family office, which plans to double its workforce by launching a new business and investment fund, says this nation must avoid the “rogue country” label at all costs.
FamGuard chief hails Leno deal as 'win-win'
Family Guardian’s president yesterday hailed the offloading of its under-performing pensions and capital markets business to Leno Corporate Services as a “win-win” for all parties.
URCA: 'All must carry their fair energy share'
Energy regulators yesterday said renewable providers had “misunderstood and misinterpreted” proposed reforms designed to ensure “equitable treatment for all stakeholders”.Shevonn Cambridge, the Utilities Regulation and Competition Authority’s (URCA)
‘Give comfort’ VAT slash makes sense
The Government must “give comfort” that its planned VAT rate cut will not worsen The Bahamas’ already-precarious economic and fiscal position, an ex-Cabinet minister warned yesterday.
Commission’s regulatory powers restored by court
The Appeal Court has overturned a verdict that prevented the Securities Commission “from acting in the public interest”, following its battle with a BISX-listed company over the latter’s compliance with regulatory capital standards.
Freeport 'could attract $100bn if the economic model is right'
A Grand Bahama Port Authority (GBPA) director yesterday argued "Freeport needs $10bn, and could attract $100bn if we get the model right" amid a peace offering from the deputy prime minister.
30% collateral slash: IMF in 'real estate indices' call
By NEIL HARTNELL
30% collateral slash: IMF in ‘real estate indices’ call
The value of property assets used to secure Bahamian commercial bank mortgages has fallen by up to 30 per cent, prompting the International Monetary Fund (IMF) to call for this nation to develop “real estate price indices”.
