Baha Mar owner silent on 2018 Rosewood open
Baha Mar’s new owner was last night silent on revelations by the Rosewood hotel brand that the opening for its 200-room resort has seemingly been pushed back to Spring 2018.
Save ‘dying Freeport’ via tax regime repeal
Freeport’s new ‘tax breaks’ regime must be repealed to save a city that “is dying and on its last legs”, a prominent QC urged yesterday.
Water Corp’s $159m subsidy driven from 2/3 ‘cost recovery’
The Water & Sewerage Corporation’s revenues cover just two-thirds of its operating expenses because its prices have not been increased for 18 years, costing Bahamian taxpayers $159 million over a five-year period.
Farmers suffer in pig wipe-out from ‘bad feed’
Bahamian farmers were yesterday blaming a “bad feed batch” from the Gladstone Road Agriculture Centre (GRAC) for recent pig deaths, with one telling Tribune Business he had lost close to 50 pigs and more than $35,000 as a result.
Bahamas ‘can’t get away without VAT’
The Bahamas “couldn’t get away without” implementing Value-Added Tax (VAT), a prominent governance reform campaigner argued yesterday, because the national debt and annual deficits were simply “too high”.
Environmental regulation gets ‘teeth’ from reforms
Environmental planning and enforcement will soon get “teeth”, a Cabinet Minister said yesterday, through the creation of a Department of Environmental Planning and Protection (DEPP).
Multiple landfill bids under review
A Cabinet Minister yesterday said his Ministry was reviewing proposals by a Bahamian consortium and other groups in bid to resolve the New Providence landfill’s environmental and health hazards “in the shortest possible time”
Mortgage Relief: Over 50% cut to some repayments
A Cabinet Minister yesterday said 441 troubled mortgage borrowers had qualifed to have their loans restructured by February 2017, with six commercial banks participating in the Government’s Mortgage Relief Plan.
THE ART OF GRAPHIX: A full menu for PNG file format
A file with the PNG file extension is referred to as a ‘Portable Network Graphics’ file. This format uses lossless compression, and is generally considered the replacement for the GIF image format.
Carnival cruise port’s ‘kiss of death’ for GB
A beach park investor yesterday warned that Carnival’s $200 million Grand Bahama cruise port will be “the kiss of death” for himself and other Bahamian entrepreneurs, with the project threatening to suck away 90 per cent of his customer base.
Bank chief: ‘Room for improvement’ on customer relations
The Clearing Banks Association’s (CBA) chairman has conceded there is “room for improvement” in the industry’s relationship with its customers, adding that it needs to show Bahamians that they receive “value for money”.
Bran: No VAT need if tax cheat offensive implemented earlier
The Democratic National Alliance’s (DNA) leader yesterday argued that the Bahamas “would not have needed Value-Added Tax” (VAT) had successive governments cracked down on tax cheats and enacted other key reforms years ago.
Freeport tax breaks regime ‘unsettling’ industrial investors
The FNM’s deputy leader yesterday warned that Freeport’s new ‘tax breaks’ regime was unsettling the city’s major industrial investors, and urged: “We need less government, not more.”
Banks: Fee increases offset by taxation rise
The Clearing Banks Association (CBA) says any industry gains from fee rises have been more than offset by Value-Added Tax’s (VAT) imposition and the multi-million dollar Business Licence fee increases.
Abaco airport put on ‘cutting edge’
A Cabinet Minister said yesterday that the Nassau Airport Development Company’s (NAD) operator will bring “cutting edge” airport management to Abaco’s primary gateway, and ultimately create more opportunities for Bahamians in aviation management.
