Govt asked: Do all GBPA licensees get 20-year tax breaks?
The Government was yesterday urged to clarify whether it will grant Freeport businesses an automatic 20-year extension of their expired tax breaks, amid general acclaim for its pledge to “roll back” the Christie administration’s impositions.
‘Critical’ to implement anti-corruption reform
It is “critical” that the nw government follow through on its transparency and anti-corruption reform pledges, Transparency International’s Bahamas representative said yesterday, arguing that achieving these objectives will eventually cut the fiscal deficit.
Chamber chief backs lending relaxation end
The Chamber of Commerce’s chief executive yesterday backed the Central Bank’s decision to end the seven-month relaxation of lending guidelines post-Hurricane Matthew.
Deputy PM pledges ‘job killer’ roll back
The Deputy Prime Minister has promised to “roll back” the requirement for Freeport businesses to apply for real property tax exemptions and other incentives, describing this as “a job killer”.
‘No balanced Budget’ warning for 2017-2018
The Deputy Prime Minister yesterday warned that the former administration may have “hamstrung” the Government’s goal of delivering a balanced Budget, and meeting its VAT and inner-city tax breaks pledges, in the short-term.
Bahamas ‘risks future’ via 30% ‘C+’ graduates
The Bahamas was yesterday said to be “limiting our economic capacity” and placing the nation’s future at risk through poor educational achievement, with just 30 per cent of high school graduates equipped to be productive citizens.
‘Faith in future’ up just 48 hours after FNM win
Top realtors believe the Free National Movement’s (FNM) election victory has delivered an instant boost to business and consumer confidence, and expressed hope the new administration will produce a more efficient and transparent approvals process.
DPM: ‘We’re breath of fresh air’ for investors
The Deputy Prime Minister believes the new government’s election will produce real economic results within six months, with investors viewing its arrival as “a breath of fresh air”.
INSIGHTS: Mayaguana’s ‘blank slate’ for investment
Mayaguana remains one of the most pristine and untouched islands in the Bahamas. Yet the island – home to beautiful beaches, unique wildlife and world-class fishing – has never fully reached its development potential.
Doubts over Bahamian vendor Fyre Festival pay
Local government officials on Exuma are uncertain whether Bahamian vendors to the now-infamous Fyre Festival have been paid what is due to them, after event organisers warned their own staff they will not be paid.
Sir Franklyn: ‘It’s time to move on’
A prominent businessman says there is no point in dwelling on the Progressive Liberal Party’s (PLP) crushing defeat at the polls last week, as the “verdict is clear” and “it’s time to move on”.
Christie Govt’s energy search ‘non-transparent’
A multi-billion dollar conglomerate yesterday criticised the Christie administration’s “non-transparent” search for energy solutions, warning that the biggest potential losers were Bahamian consumers.
Landfill bidder ‘waits with bated breath’ on new Govt’s approach
The Bahamian consortium that bid on the New Providence landfill management contract was yesterday “waiting with bated breath” to learn whether the new government will “pick up” the live tender exercise.
Bahamians won’t be left ‘high and dry’ from Budget
The FNM’s deputy leader yesterday pledged that the new government will not leave Bahamians “high and dry” over commitments made to them by its predecessor, as he warned it may need to be “cut some slack” over the upcoming Budget.
Sandals moves to ‘accelerate growth’
Sandals Resorts International, the all-inclusive resort operator, yesterday confirmed it is exploring opportunities to “accelerate its long-term growth and development plans” amid suggestions it may be seeking a buyer.
