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PM: ‘No time to rest on laurels’ over EU
THE Prime Minister yesterday said the Bahamas has “no time to rest on our laurels”, given the European Union’s (EU) concerns over the absence of corporate income taxation. Dr Hubert Minnis told the House of Assembly that the EU’s Code of Conduct group had written to the Government expressing concerns that this nation’s tax system did not comply with its ‘blacklisting’ criteria.
Gov’t to tackle mail boat concerns ‘in earnest’
A CABINET minister yesterday said he has committed to a “sit down” with mail boat operators after Christmas to address “in earnest” industry concerns.
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.
QC tells the web shops: Form own credit union
A prominent QC has called on web shop gaming operators to establish their own credit union, as blasted the Canadian-owned banks’ refusal to accept the sector’s deposits as making “no sense whatsoever”.
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.”
Pinder: Sue for $13m over ‘Bahamas papers’
A former financial services minister yesterday suggested that this nation sue to recover the $13 million in Companies Registry search fees owed by the international journalists’ group responsible for the ‘Bahamas papers leak’.
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.
Abaco’s airlift capacity up 9%
Abaco has attracted 47,000 stopover visitors year-to-date, a Ministry of Tourism official says, with the island’s airlift capacity for international arrivals increasing for the third straight year.
Businesses monitor air cargo fall-out
Bahamian businesses are continuing to monitor the fall-out from new and increased Customs fines on the air cargo industry, which has prompted some carriers to threaten to withdraw from this market.
Air cargo costs to rise ‘tremendously’
Bahamians were yesterday warned that the cost of imported air freight will increase “tremendously” as a result of the new Customs fees and fines set to be imposed on operators from today.
Union to ‘do what it has to do’ over Hilton meltdown
The hotel union’s president yesterday said that if working conditions at the British Colonial Hilton do not improve soon it will “do what it has to do”, amid an air conditioning breakdown that has persisted for more than a week.
MSC deal to give Bahamian company ‘widest ever smile’
The Bahamian leaseholder of Ocean Cay will have “the biggest smiles ever” as a result of the deal that will see Mediterranean Shipping Company (MSC) take over the island for its $100 million cruise port.
Natural resources: New fiscal regime under development
The Government is working with the Commonwealth Secretariat to finalise a new fiscal regime for the mining of sand, aragonite and other Bahamian natural resources, the Minister of the Environment and Housing said yesterday.
VAT to raise health insurance payments $40-$100 per month
Bahamian workers could see their contributions to employer-sponsored health insurance plans increase by between $40 to $100 per month once premiums are subjected to Value-Added Tax (VAT) from July 1.
PM promises developers partnership on air access
Two government ministries will support Eleuthera resort developers to ensure there is sufficient air access to the island in accord with international standards, the Prime Minister has said.
$8.3m contract to aid Road Traffic revenue
THE Government yesterday signed an $8.3 million contract to modernise the Road Traffic Department, as it bids to improve customer service and maximise revenue.
Union leader calls for Productivity Council
A leading trade unionist has called for the creation of a tripartite National Productivity Council, arguing that the Bahamian education was “designed for students to fail”.
Renewable firm backs BEC reform structure
The proposer of a $650 million waste-to-energy plant yesterday backed the Government’s decision not to break the Bahamas Electricity Corporation (BEC) into two, and instead select a management company to operate it.
Relays give Atlantis 4,700 nights boost
The IAAF World Relays generated 4,700 occupied room nights for Atlantis, a Cabinet Minister said yesterday, with the event attracting more than 1,400 visitors to the Bahamas.
Union shows ‘Job’s patience’ with BTC
Executives at the trade union representing the Bahamas Telecommunications Company’s (BTC) line staff yesterday said they had displayed “Job’s patience”, accusing management of stalling negotiations on a new industrial agreement.
