Account limits best game for regulators
Dear Sir,With a Gaming Board of four private individuals, and six Government civil servants, as published on July 26, 2017, on Page 8 of your newspaper, it seems that the Board as well as the Minister need educating on the effects of the gambling law
Web shops: Our KYC beats all
A web shop operator yesterday dismissed that the industry is a threat to the Bahamian financial services sector, arguing: “Our Know Your Customer (KYC) is bar none higher than any”.
Poultry producer: 1,000 jobs boost from ending imports
AN Abaco poultry producer yesterday said that eliminating imports to support local producers could boost government revenues by $33 million annually, and create 1,000 direct jobs.
Hotel Association ‘think tanks’ over GB revival
THE Bahamas Hotel & Tourism Association’s (BHTA) October Board of Directors and members’ meeting became a ‘think tank’ on how to rapidly revive Grand Bahama.
Webshops insist ‘We pay our fair share’
Web shops yesterday slammed the Minister of Tourism’s “reckless” attack on the sector’s taxes and regulation, charging he was “out of touch with the industry he supervises”.
BDB given 3 years to be 'self-sufficient'
The Bahamas Development Bank must become “self-sufficient” by 2020, which is when the Government will cease contributing $3 million annually towards its bond interest payments.K P Turnquest, the deputy prime minister, told the House of Assembly that
Govt needs 'more creativity' with permanent residency
A top realtor yesterday urged the Government to be “a little more creative” with permanent residency by using it to stimulate economic activity on depressed Bahamian islands.George Damianos, Damianos Sotheby’s International Realty’s president, told T
VAT's 'limited ability' to further cut deficit
Value-Added Tax (VAT) is already operating at “peak efficiency” and has “limited” ability to further narrow the Bahamas’ near-$700 million fiscal deficit without major spending cuts.The Inter-American Development Bank (IDB), in a paper released yeste
AML Foods unveils 5-year growth plan
AML Foods is targeting two new stores in southern New Providence within the next five years, while also scouting for a “more modern” location for its Cost Right Nassau outlet.Franklyn Butler II, the BISX-listed food and franchise group’s chairman, to
BTC to further grow franchise network
The Bahamas Telecommunications Company (BTC) will continue to expand and strengthening its franchise store network, a senior executive yesterday saying this demonstrated its commitment to small businesses.Carlyle Roberts, BTC’s vice-president for ent
Chamber chief: ICT can be next economic pillar 'without fail'
A private sector executive yesterday said information and communications technologies (ICT) can become the next pillar of the Bahamian economy “without fail”.Edison Sumner, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief e
Bahamas urged: Show you're not a 'tax haven'
The Bahamas must aggressively demonstrate and market that it is not an ‘offshore tax haven’, a US tax attorney yesterday saying this nation is “fighting perception more often than reality”.Caroline Ciraolo, a former US Department of Justice Tax Divis
IAN FERGUON: Be sensitive to millennial needs
Current global research indicates that millennials (persons born between 1982 and 1998) will account for 50 per cent of the total global workforce by 2020. There is no way of avoiding the large number of young people that are flooding into the workpl
Medical centre relaunches with specialist providers
The MedNet Group of Companies, headed by Dr Charles Diggiss, has re-launched the Centreville Medical Centre (CMC) at the corner of Collins Avenue and Sixth Terrace.Services available include The Women’s Specialist Medical Centre; Ritecare Clinics for
Bahamasair: $22m loss maker guilty of predatory pricing
The Minister of Tourism’s recognition that Bahamasair’s multi-million dollar taxpayer subsidies enable it to undercut rivals was yesterday branded “critical to the survival” of private Bahamian airlines.
