May 4, 2012
Simon Townend
Stories this photo appears in:
BEC bids cut by one-third
The number of bidders for the Bahamas Electricity Corporation (BEC) has been cut by one-third, the Government yesterday announcing that just six groups have been put through to the pricing round.
Bahamas requiring $1bn in short-term infrastructure
MIAMI, FL - The Bahamas will likely need $1 billion in short-term infrastructure investment, a senior accountant said yesterday, telling Tribune Business that the energy sector was “an absolute priority”.
Property tax amnesty 'can be more generous'
A leading accountant yesterday said the Government should be “collecting a lot more revenue from real property tax”, praising it for its plans to combat this but also noting that its incentive programme could “have been more generous” towards current payers.
Bahamas needs $1.8bn infrastructure spend
THE Bahamas needs to invest at least $1.8 billion in infrastructure in the short to mid-term to support economic growth, a senior accountant said yesterday, telling Tribune Business that a $500 million investment in education alone was “critical”.
VAT 'less clean' to oversee than Customs duties
A Value Added Tax (VAT) will be “less clean” for the Government to oversee due to its several thousand collection points, a leading Bahamian accountant yesterday describing its administration as the “biggest challenge”.
Succession planning remains 'critical' for 70% of economy
Succession planning is critical for the sustainability of family-owned businesses and the overall economy, a senior Bahamas-based KPMG executive noting that these companies accounted for about 70 per cent of the private sector.
Bahamas close to covering 50% of infrastructure gap
The Bahamas is close to covering 50 per cent of the $2.1 billion infrastructure gap identified five years ago by a leading accounting firm, a senior executive yesterday saying it will be impossible for this nation to meet all its needs without private investment capital.
Bahamas 'better positioned than Caribbean' over hotel investment
THE Bahamas is better-positioned than the rest of the Caribbean to attract inward investment and financing for resort development, a leading accountant yesterday telling Tribune Business projects such as Baha Mar's would be "a waste of time" without supporting infrastructure "capacity".
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