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Super Value chief in VAT ‘exclusive’ push
* Blames ‘inclusive’ switch for 10% sales fall * Plans to ‘go back at Gov’t’ over issue * ‘We don’t have to be contrary to world’
SUPER Value’s owner yesterday said will appeal to government for permission to revert to Value Added Tax (VAT) ‘exclusive’ pricing, blaming the switch for this year’s 10 per cent sales decline. Rupert Roberts, while likely reigniting the ‘inclusive’ versus ‘exclusive’ VAT pricing debate, told Tribune Business that Super Value’s 2017 top-line had seen a marked decline in comparison to the two years prior, during which time the food store chain had used VAT ‘exclusive’ pricing.
Nassau/PI resorts in New Year sell-out
MAJOR Nassau/Paradise Island resorts are predicting traditionally strong occupancies over the Christmas and New Year’s holiday period.
Harbour Island ‘thrilled’ at BPL energy resolution
Tourism stakeholders on Harbour Island yesterday hailed Bahamas Power and Light’s (BPL) plan to provide a 6 Mega Watt (MW) power plant to address long-standing energy concerns as “very encouraging”, one executive telling Tribune Business: “We’re thrilled.”
Tripartite Council ‘serves no purpose’
The Trade Union Congress’s (TUC) president has vowed to pursue the its grievance against Sandals Royal Bahamian’s termination of 600 employees to its “logical conclusion”, arguing that the Attorney General’s decision to nullify their case against the resort’s top executives had put workers in a ‘frightening” position.
Ex-Senator renews call for Bahamian industry ownership
Bahamians must have ownership of key economic sectors "from the top straight through the supply chain", a former FNM Senator is arguing, adding that this would protect the "haemorrhaging" foreign currency reserves.
‘Much work’ ahead over business ease
The Bahamas has “a lot of work to do” before it sees a dramatic improvement in the ease of doing business, the Opposition’s finance spokesman said yesterday, adding: “There’s just too much government bureaucracy.”
PM targets ‘top 50’ business ease rank
The Prime Minister yesterday said he was targeting a ‘top 50’ ranking for the Bahamas in the World Bank’s ‘ease of doing business’ index within five years, arguing that its current 106th spot does not reflect its capabilities and potential.
App founders target full mobile commerce
The founders of a recently-launched mobile application which provides one-click access to commercial, Government and non-profit organisation communication channels, aim to eventually offer full mobile commerce.
Excise Tax snafu stymies start-up's 60 hires plan
A Bahamian-owned tobacco manufacturing start-up said yesterday it would pursue legal action as a “last resort” if it is unable to obtain an Excise Tax exemption on domestic sales, adding that its business model had been thrown “totally out of whack”.
'Seven digit' Atlantisinvestment delayed bygaming reform wait
Atlantis’s top executive yesterday said its planned multi-million dollar, “seven digit” investment in private gaming rooms was being delayed by the wait for casino gaming reforms to be passed.
Airline '90% complete' on $4.5-$5M project
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net WESTERN Air chief executive, Rex Rolle, said yesterday that construction on the airline's new terminal and maintenance facility in Freeport is "about 90 per cent" complete, telling
BAHAMAS' 'REVERSE MEDICAL TOURISM'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIANS pump millions of dollars each year into the South Florida's medical tourism sector, a leading doctor telling Tribune Business yesterday that this nation provides the large
BAHAMAS' 'REVERSE MEDICAL TOURISM'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIANS pump millions of dollars each year into the South Florida's medical tourism sector, a leading doctor telling Tribune Business yesterday that this nation provides the large
Tourism chiefs happy with airline conference
Tourism chiefs happy with airline conference By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net TOURISM officials said yesterday they were pleased with delegate responses to the Routes Americas forum, telling Tribune Business the e
NO 'PRESSING NEED' FOR FURTHER AIRLIFT
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THERE is no "pressing need" for new airlift to the Bahamas in the next three to six months, according to tourism director-general David Johnson, who told Tribune Business that capac
NO 'PRESSING NEED' FOR FURTHER AIRLIFT
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THERE is no "pressing need" for new airlift to the Bahamas in the next three to six months, according to tourism director-general David Johnson, who told Tribune Business that capac
NO 'PRESSING NEED' FOR FURTHER AIRLIFT
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THERE is no "pressing need" for new airlift to the Bahamas in the next three to six months, according to tourism director-general David Johnson, who told Tribune Business that capac
NO 'PRESSING NEED' FOR FURTHER AIRLIFT
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THERE is no "pressing need" for new airlift to the Bahamas in the next three to six months, according to tourism director-general David Johnson, who told Tribune Business that capac
NO 'PRESSING NEED' FOR FURTHER AIRLIFT
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THERE is no "pressing need" for new airlift to the Bahamas in the next three to six months, according to tourism director-general David Johnson, who told Tribune Business that capac
SUPERVALUE SEES 'DOUBLE, TRIPLE' SALES RISES IN 2012
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Supervalue supermarket chain yesterday indicated it shrugged off fears that consumers are taking longer every year to recover from thei
