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Income tax ‘hard sell’ in Bahamas
Income tax will be “a hard sell” in the Bahamas, a former finance minister predicted yesterday, warning: “This country was built on tax evasion.”
Dishonoured cheques and outstanding bills among problems at Registrar General dept
AN audit of the revenue and expenditure accounts of the Registrar General’s Department has revealed nearly $400,000 worth of dishonoured cheques, outstanding utility bills and a register cluttered with hundreds of delinquent IBCs (international busin
Businesses face ‘major supply chain disruption’
Bahamian businesses were yesterday warned to brace for “significant supply chain disruption”, with no freight vessels arriving at Nassau until possibly “late next week”.
BISX-listed Fund eyeing downtown parking move
The BISX-listed Bahamas Property Fund yesterday revealed it is mulling the development of a car park that would solve one of downtown Nassau’s major “limitations”.
Tourism ‘constrained’: Stopovers down 6%
The Central Bank has again sounded the alarm over “constrained” tourism performance, with total stopover visitors down 6 per cent for the 2017 first half due to Freeport’s woes.
Minister slams ‘reprehensible’ cruise line threat to operators
The Minister of Tourism has slammed as “reprehensible” the threat by a major cruise line to terminate Bahamian tour operators’ contracts if they direct-sell to passengers without its permission.
Banks to be ‘more hands on’ over $1bn bad loans
The Central Bank’s governor is expecting commercial banks to make a “more hands on” effort to tackle their $1 billion non-performing loan pile.
BOB’s threat to Govt ‘contained for now’ - Moody’s
The Government has “contained for now” the fiscal dangers represented by the $300 million-plus Bank of the Bahamas (BOB) bail-out, Moody’s believes.
‘The tourism dilemma’: GB has less tourists than 1977
The Minister of Tourism yesterday blamed his predecessor for “locking up” precious marketing dollars, as data revealed that Grand Bahama attracted MORE stopover visitors 40 years ago.
Davis signs to Budapest in Hungarian Basketball League
THE latest stop on the pro basketball circuit for Bennet Davis will feature his return to a familiar stop and his second stint in Hungary.
Moody’s: Deficit could hit $636m
The Bahamas’ 2016-2017 fiscal deficit could rise as high as $636 million or 7 per cent of GDP, Moody’s has warned, due to the Christie administration’s pre-election spending binge.
Gov’t gains $96m in tax cheat crackdown
The Government netted almost $96 million in the first six months of its crackdown on corporate and high net worth tax cheats, it has been revealed.
Bahamas 'closer than ever' on plane registry
The Bahamas now only needs to sign a global treaty to unlock the “immeasurable long-term economic benefits” of an international aircraft registry, an aviation attorney believes.“The Bahamas is closer than ever to the establishment of the long sought-
New benefit programme suspended
THE Department of Social Services’ Conditional Cash Transfer project has been suspended for at least two months, The Tribune has learned.
FINCO suffers $10.9 million ‘reversal’ into losses
FINCO suffered a $10.9 million year-over-year ‘reversal’ to generate a small loss during the three months to end-April 2017, as delinquent loans “increased significantly” to $122 million.
Sterling lauds Forbes for rating Bahamas #1
STERLING Global Financial, a broad-based real estate and international financial services provider with US$9 billion in assets under administration and management, has today applauded Forbes magazine for ranking The Bahamas as the world’s number one choice for real estate investment.
Fishermen Rescued at sea after engine problems
THANKS to joint efforts of the Royal Bahamas Defence Force and local fishermen, two fishermen are grateful to be alive today after being missing for several hours when their 17-foot white Boston whaler developed engine problems.The men left to go fis
Investor citizenship stays off the table
The Minnis administration presently has no plans to look at implementing an investor citizenship programme, Immigration and Financial Services Minister Brent Symonette said yesterday. Mr Symonette, who also has ministerial responsibility for trade a
Bd Global Sports to host ‘Islands of the Bahamas showcase’
The Bahamas continues to be an attraction for major NCAA basketball and another event will be added to a stacked schedule this fall.
Grim present but bright potential for our capital market
Our Bahamas International Securities Exchange (BISX) has sent me a press release about the courtesy call they and closely linked Bahamas Central Securities Depositary (BCSD) paid on the Minister of Finance. These two organizations form the structura
