December 4, 2015
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The government was yesterday warned that the short-term work permit exemptions may conflict with “professional standards and regulations” for certain job categories.
The Bahamas Institute of Chartered Accountants (BICA) president yesterday warned the government could miss its full-year revenue target by “as much as 20 percent” based on current data.
The Bahamas must seriously examine switching to a tax system based on “ability to pay”, a top private sector executive urged yesterday, amid renewed IMF calls for “greater income equality”.
DECLARING the Over-the-Hill programme noble and well-intentioned, Bahamas Institute of Chartered Accountants president Gowon Bowe said yesterday the verdict is out on whether its tax concessions component will prove “fit for purpose”.
The government was yesterday urged to “quantify” its VAT shortfall, a top accountant hailing its admission of a near $200m total revenue undershoot as “very bold and courageous”.
The Clearing Banks Association’s (CBA) chairman yesterday said the sector would have “no objection” to web shops setting up a Bahamian dollar “co-operative” to resolve their banking woes.
Fidelity Bank (Bahamas) will enjoy a $7.5m-plus profit “boost” for 2019 as a result of selling a 50 percent equity stake in its investment banking affiliate, it was revealed yesterday.
The government’s first-half fiscal deficit is no cause for “great panic” despite being equal to 73.4 percent of the full-year target, a top accountant argued yesterday.
WHILE admitting unemployment is largely a private sector problem, Bahamas Institute of Chartered Accountants president Gowon Bowe said yesterday newly released jobs statistics cannot be used as an indicator of the country’s economic performance.
Delinquent Bahamian borrowers were yesterday warned to urgently get their finances in order after the Central Bank selected the preferred bidder for this nation’s first-ever credit bureau.
Bahamian businesses are not opposed to regulation, just its inefficiencies, two private sector leaders have told Tribune Business.
The Government is expected to “reverse” by mid-December its requirement for certified bank statements to accompany business licence renewals, a top accountant has revealed.
A top accountant yesterday argued that the Government’s explanation for the $105m deficit overshoot was “not the complete picture”, and raised fears there may be more bad news ahead.
A BISX-listed commercial bank yesterday confirmed it was working to address “technical issues” that had caused “branch disruptions” for its client base.Gowon Bowe, Fidelity Bank (Bahamas) chief financial officer, told Tribune Business: “We are experi
THE increased value added tax exemption ceiling on power bills will have “limited” impact on consumer expenses, Bahamas Institute of Chartered Accountants President Gowon Bowe has insisted, while likening spiked electricity costs to having a second mortgage.
The US government’s call for greater scrutiny of The Bahamas will not have any “immediate or significant fallout” for this nation’s key banking relationships, a senior banker said yesterday.Gowon Bowe, the Clearing Bank Association’s (CBA) chairman,
The Government must avoid “rapid fire tax increases” that undermine economic growth, a top accountant warned yesterday, suggesting it may have to “phase-in” its two percent NHI payroll tax.Gowon Bowe, pictured, the Bahamas Institute of Chartered Acco
The Clearing Banks Association’s (CBA) chairman has urged the private sector to play a greater role in preventing The Bahamas from being “blindsided” by the OECD and other initiatives.Gowon Bowe told Tribune Business that the financial services indus
The Bahamas must strike a balance between facilitating initial coin offerings (ICO) and crypto currency exchanges and combating “scam artists”, a top accountant urged yesterday.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) preside
BAHAMAS Institute of Chartered Accountants President Gowon Bowe believes the government’s plan to increase value added tax will create further distancing between the “haves and have-nots” and possibly create the conditions for class unrest, he told The Tribune.
The Government’s exit from its $70m majority ownership of Aliv has been delayed by the Cabinet’s desire for “clarity and comfort” on the chosen route.
GOWON Bowe, president of the Bahamas Institute of Chartered Accountants, is not convinced the Minnis administration has secured “proof of funding” for the $5.5bn Oban Energies project.
GOWON Bowe, president of the Bahamas Institute of Chartered Accountants, yesterday predicted the success of the government’s Proceeds of Crime Bill will hinge on enforcement. Mr Bowe, former chairman of the Chamber of Commerce, said while the recent
GOWON Bowe, president of the Bahamas Institute of Chartered Accountants, warned yesterday against xenophobic reactions to the Minnis administration’s Commercial Enterprises Bill even as he criticised the government for not consulting Bahamians more widely on it.
INTERMITTENT public service firings stand to create a “snowball effect of fear and pandemonium,” according to Bahamas Institute of Chartered Accountants (BICA) President Gowon Bowe, who has urged the Public Service Commission to take a centralised approach to the government’s stated restructuring efforts.
THE CHINESE government’s reported crackdown on “irrational” overseas investments may affect projects in the Bahamas with new restrictions on such projects in property, hotel and entertainment and a ban on gambling investments.
GOWON Bowe, president of the Bahamas Institute of Chartered Accountants, yesterday said the government appeared to be “working backward” on its plans to cut back on the country’s expenses, claiming the reductions should have been announced during the
GOWON Bowe, president of the Bahamas Institute of Chartered Accountants (BICA), has questioned the basis of Sarkis Izmirlian’s call for a moratorium on Baha Mar’s sale to Chow Tai Fook Enterprises Ltd (CTFE), insisting concessions should not be the determining factor of whether the deal reached completion.
TAKING issue with Prime Minister Perry Christie’s job boast, Bahamas Chamber of Commerce and Employers Confederation Chairman Gowon Bowe regretted that policy makers and the wider public have fallen into a trap of sensational “punch line rhetoric”.
BAHAMAS Chamber of Commerce and Employers Confederation Chairman Gowon Bowe yesterday called for critics anxious for details over the Baha Mar sale to be patient, as a final agreement has not been brokered.
Between 40,000-50,000 Bahamians could own a stake in the second mobile operator’s majority shareholder, with efforts to buy out the Government now glimpsing “light at the end of the tunnel”.
AS fears within the business community swell over the government’s ability to shoulder the massive losses incurred from Hurricane Matthew, Chamber of Commerce and Employers Confederation Chairman Gowon Bowe yesterday cautioned officials against sensationalising the damage estimates.
AMID persistent questions on whether the government should have amassed substantial stamp tax from the transfer of ownership of the Baha Mar resort, a noted industry professional yesterday called on the Christie administration to be more transparent in explaining the inner workings of the resort’s sale to quash concerns over the extent of the government’s involvement with $3.5bn development.
BAHAMAS Chamber of Commerce and Employers Confederation Chairman Gowon Bowe suggested that if the government was not prepared to fully disclose all of the details regarding the new deal to open Baha Mar, officials should not have publicised movement on the negotiations until they were prepared to fully act transparently.
The Chamber of Commerce’s chairman believes the use of “misnomers and deceptive indicators” are causing the Government to consistently miss unrealistic Budget and fiscal targets.
CHAMBER of Commerce and Employers Federation Chairman Gowon Bowe said yesterday that the “Panama Papers” will have significant ramifications for The Bahamas, but that Bahamians should not overreact to the disclosures because the country is compliant with laws and international standards about financial transparency.
BAHAMAS Chamber of Commerce and Employers Confederation Chairman Gowon Bowe asserted that the government’s “adversarial” position to stick to a January 2016 launch of National Health Insurance is a “gun to the head” of Bahamians.