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Gov’t urged: ‘Drill down further’ on Business Licence suspicion
The Government must “drill down further” and obtain greater evidence to confirm its suspicions that many companies are under-reporting annual turnover to evade full payment of Business Licence fees.
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AID 'most concerned' over BPL rate hikes
A major Bahamian retailer yesterday voiced optimism that 2023 will be "marginally better" than last year while revealing it is "most concerned" about Bahamas Power & Light's (BPL) rate hikes depressing consumer spending.
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Government hopes to seal BPSU deal - despite ‘disadvantage’
THE Davis administration hopes to conclude ongoing industrial agreement negotiations with the Bahamas Public Service Union this month, despite the union saying the government’s latest proposal puts its members at a “disadvantage”.
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Roadwork-hit businesses seeking ‘come back to Village Road’ boost
A “COME back to Village Road” incentives package is needed to revive businesses that have been damaged by the year-long roadworks impacting that corridor and the surrounding area, an entrepreneur is arguing.
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Financial Stability Council to develop ‘crisis playbook’
The Central Bank’s governor yesterday said the creation of a Bahamian Financial Stability Council will help “develop a playbook” for how regulators and the Government manage an industry “crisis”.
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Opposition: Is customs broker ‘integration’ legal?
THE Opposition’s finance spokesman last night queried whether the Customs laws and regulations must be changed before mandating that brokers acquire third-party software to “integrate” with its electronic import clearance system.
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Tighten ‘exit strategy’ on failed FDI projects
A prominent realtor yesterday argued that The Bahamas must craft a robust “exit strategy” for when major foreign direct investment (FDI) projects “go south”, adding: “Surely we’ve learned from our mistakes?”
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‘$400m opportunity’ to double cruise spend
Nassau has a “$400m opportunity” to double gross cruise passenger spending if it can fully capitalise on the “springboard” provided by the 900,000 visitor increase forecast for 2023, its port chief argued yesterday.
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Construction chief challenges minority foreign owner block
The Bahamian Contractors Association's (BCA) president has challenged whether the Government can lawfully bar a foreign investor from becoming a minority partner in a local construction company.
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Broker integration vital to end $50m Customs loss
The Ministry of Finance yesterday asserted that broker “integration” with Customs’ systems is vital to eliminating more than $50m in annual revenue losses amid a continuing dispute over whether such requirements are lawful.
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Small businesses facing struggle on NIB rate hike
BAHAMIAN small businesses will struggle to absorb any National Insurance Board (NIB) contribution rate increase due to the multiple other expenses hikes they are grappling with currently, a sector consultant has warned.
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Father of three killed on way to work – one of three shooting deaths in 24 hours
A FATHER of three was shot and killed in his car yesterday morning while on his way to work – one of three shooting deaths within 24 hours.
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Insurers dismiss VAT Act ‘misinterpretation’
BAHAMIAN health insurers yesterday said “no one wants to pay an additional 36 percent on their medical insurance” from April 1, 2023, when consumers will have to bear the full VAT burden on claims payments.
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Stop ‘squeezing blood from stone’ on taxation
The Bahamas must reform a tax system that “squeezes blood from a stone”, a well-known banker argued yesterday, renewing his plea for greater “equity” via income-based taxation.
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Insurers: ‘Everyone will pay’ if storm cover unaffordable
Bahamian insurers yesterday warned that “everyone will have to pay” if hurricane coverage becomes increasingly unaffordable with the issue representing a growing public policy “dilemma” for the Government.
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Pharmacies hopeful new price controls ‘cease’ next Tuesday
Pharmacies are voicing cautious optimism that their lower-margin price control regime could end as early as next Tuesday with the industry also pushing for a reduction in work permit fees.
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INSIGHT: How we can honour Kenise and help save others
THE tragic story of Kenise Darville has been in the spotlight over the past few days and many are wanting to know why we can’t do better when it comes to the care we offer our citizens.
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$50m Arawak Cay project targets ‘Tesla-like’ impact
A Bahamian former professional basketball player is investing $50m in an Arawak Cay manufacturing facility he hopes will enable this nation to become “a leader in the field” of climate-resilient construction.
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‘Future generations and youth let down’ over NIB
The National Insurance Board (NIB) must be given more independence from government, a pension specialist urged yesterday, adding: “Successive administrations have let the youth and successor generations down.”
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Hot Mix and CFAL’s chief in GB airport bid
A well-known Bahamian contractor and local financial analyst were yesterday said to have partnered on a bid to transform Dorian-ravaged Grand Bahama International Airport.
