BISX ‘shelves’ ambitions for trade finance
The Bahamas International Securities Exchange (BISX) has placed plans to create a short-term commercial paper/trade finance market “on the shelf” after the needs of potential business users changed.
Chamber to ‘hold Govt to account’ on VAT extension
The Chamber of Commerce’s chairman yesterday pledged to “hold the Government to account” over Value-Added Tax (VAT) filing extensions granted to businesses hit hard by Hurricane Matthew.
Ex-minister supports BTC select committee
A former Cabinet minister in the Ingraham administration yesterday encouraged the Government to proceed with creating a select committee to probe the 2011 Bahamas Telecommunications Company (BTC) privatisation, arguing that reviewing government decisions should become “common practice”.
Nassau hotels eye strong Thanksgiving business
Atlantis executives yesterday said the resort is “slightly ahead” of last year’s Thanksgiving bookings as it gets set to host the sixth installment of the ‘Battle 4 Atlantis’ basketball tournament today.
VAT gives Bahamas unwanted world lead
Bahamian businesses have suffered the largest worldwide increase in the time they are forced to spend on tax compliance as a result of Value-Added Tax’s (VAT) implementation, a World Bank report has found.
Govt tax crackdown exposes ‘desperation’
The Christie administration’s much-trumpeted tax crackdown has exposed its “desperation” over the strained fiscal position, the Democratic National Alliance’s (DNA) leader yesterday charging: “The Government is broke.”
Govt told: ‘Cut inefficient taxes across the board’
The Government was yesterday urged by a leading governance reformer to reduce “inefficient taxes across the board” so that it could make room for potential Value-Added Tax (VAT) rate increases.
Tax delinquents warned to brace for ‘shock treatment’
Major tax defaulters were yesterday warned to brace for “shock treatment” from the Government’s recently-unveiled tax crackdown, the Bahamas Chamber of Commerce’s (BCCEC) chairman giving his “strong support” to the initiative.
Arawak Homes boss says two-decade battle with govt is major "injustice"
Arawak Homes’ chairman yesterday said the company’s two decade-plus battle with the Government over compulsorily acquired land epitomised the “injustice” suffered by thousands of Bahamians.
All ‘milestones’ come Aliv for mobile player
The Bahamas’ second mobile operator said yesterday it had met all “milestones and obligations” for cellular coverage and infrastructure roll-out as required by its license, its sales and marketing head arguing it has “the best network in the Caribbean”.
A Cabinet minister yesterday moved a parliamentary motion to create a select committee that will probe the the Bahamas Telecommunications Company’s (BTC) 2011 privatisation.
A Cabinet minister yesterday moved a parliamentary motion to create a select committee that will probe the the Bahamas Telecommunications Company’s (BTC) 2011 privatisation.
Governor to ‘bridge gap’ between banks, web shops
The Central Bank’s governor has reaffirmed his commitment to “bridge the gap” between the commercial banking industry and web shop operators, and help ease his licensees’ compliance concerns.
Correspondent ‘de-risk’ affects Bahamas banks ‘more than we thought’
The effects of correspondent bank ‘de-risking’ on the Bahamian financial services industry are “more extensive than first assessed”, the Central Bank has conceded, with 57 per cent of impacted institutions unable to find replacement relationships.
Bran pledges ‘15% spend’ fiscal rule
The Democratic National Alliance’s (DNA) leader has pledged to introduce a ‘fiscal rule’ that would limit public spending increases to a maximum 15 per cent year-over-year, thereby preventing governments “running amok” with the taxpayer’s monies.
MP’s alarm over ‘sacred’ NIB funds in BOB bail-out
The use of the Bahamian people’s “sacred” National Insurance Board (NIB) monies to bail out troubled Bank of the Bahamas has been challenged by an FNM MP, who is calling for policies governing the investment of public monies to be tightened.
