Minnis’s tax breaks plan will ‘bankrupt Bahamas’
Dr Hubert Minnis’s plans to offer wide-ranging tax breaks “will lead the Bahamas into bankruptcy” if ever enacted, a well-known businessman has warned.
‘Jokey’ tax breaks won’t aid inner-city
The Government should seize abandoned Over-The-Hill properties for its low income housing programme, a well-known businessman is arguing, rather than employ the “jokey ideas” of Dr Hubert Minnis.
‘Iconic’ Exuma resort’s sale awaits Govt nod
The sale of Exuma’s “iconic” Club Peace & Plenty Resort is now awaiting government approval, a Cabinet Minister has confirmed, with the property’s overhaul a key component in Georgetown’s revival.
Realtor targets retiree village ‘game changer’ for Freeport economy
A Bahamian realtor is planning to target retirement village developers with his first-ever property conference, viewing such investments as “a game changer” for Freeport’s struggling economy.
FNM deputy fears Carnival privatise value undermined
The FNM’s deputy leader fears Junkanoo Carnival’s privatisation value may have been undermined by last week’s opening date reversal, and warned that the likelihood of taxpayers seeing a return on their investment was “next to zero”.
BPL can pass license fee on to consumers
The Utilities Regulation and Competition Authority (URCA) has rejected Bahamas Power & Light’s (BPL) argument that fuel costs not be included in the calculation of its annual license fee.
BTC boosts its data offerings
The Bahamas Telecommunications Company (BTC) is designing more offerings to meet ever-increasing Bahamian demands for data.
Wholesaler researches lobster exports by air
The Bahamas must maximse the economic returns from its key industries, the Prime Minister emphasised, revealing that one food processor is working on growing lobsters.
Portal to aid EU trade deal usage
The roll-out of the Bahamas’ Trade Information Portal will enable local businesses to fully exploit the Economic Partnership Agreement (EPA) with the European Union (EU), a Cabinet Minister believes.
More VAT exemptions call is ‘fool’s argument’
The Chamber’s chairman yesterday described calls for increased Value-Added Tax (VAT) exemptions as “a fool’s argument”, warning it would not reduce the taxation burden for poor Bahamians as intended.
BTC, Aliv dispute co-location ‘deal’
Aliv and the Bahamas Telecommunications Company (BTC) were locked in a new battle yesterday, after the latter’s assertion they had reached agreement on a 100-site infrastructure sharing deal was disputed by its new mobile competitor.
VAT model not given credit for recession avoid
The Bahamas’ Value-Added Tax (VAT) model has not been given enough credit for preventing any “recessionary impact” when it was implemented, the Chamber of Commerce’s president said yesterday.
Date ‘hoopla’ to boost Carnival, says chairman
The Bahamas National Festival Commission’s (BNFC) chairman yesterday said the Carnival postponement controversy would inflict no long-term damage, arguing that “all of the hoopla” had given the event “a new presence” locally and internationally.
NHI ‘simply doesn’t have enough doctors’
Doctors yesterday suggested National Health Insurance (NHI) was being “watered down” in the rush to implement it before the upcoming election, adding that less than 10 per cent of registered private physicians had signed-up to the scheme.
Carnival cruise promoter: ‘Things are back on track’
A Bahamas Carnival Cruise promoter yesterday said his company had “more than tripled” its visitor bookings for this year’s festival year compared to 2016.
