‘Fluff contracts’ would face FNM Govt review
The FNM’s deputy leader has dismissed Government claims his party will ‘stop, review and cancel’ all agreements if elected to office, although “fluff contracts” would face close scrutiny.
Minister: ‘Only logical’ to assess tax info stance
A Cabinet Minister yesterday conceded it was “only logical” for the Bahamas to now re-evaluate its position on automatic tax information as a result of the European Union’s (EU) hardline stance, saying: “We want to make sure we do what’s best for the country”.
THE ART OF GRAPHIX: Advertising your message correctly
What is it that makes a good advertisement? Is it the pictures and video? Is it what is written or said? Is it the creative elements that cause you to feel something after you have been exposed to it?
‘Real no brainer’ to meet EU demands
Bowing to international demands to automatically exchange tax information on a multilateral basis is a “real no brainer” for the Bahamas, a financial services executive argued yesterday.
Bahamas urged to liberalise domestic water transportation
Opening up the domestic ferry and mailboat market to international operators could drive efficiencies and improve inter-island commerce, an economic study is arguing.
Confidence ‘baby steps’ key to GDP growth cure
Confidence-building “baby steps” are required to break the Bahamian private sector out of its “entrenched status quo” following a decade of growth “flat-lining”, an international economist argued yesterday.
RoyalStar profits drop 73% in 2016
RoyalStar Assurance saw its 2016 profits decline by 72.8 per cent year-over-year due to Hurricane Matthew, with drove a more than-$4 million increase in net claims after reinsurance payouts.
‘Band-aid’ fears over landfill bid deadline
The eight-day tender for the New Providence landfill’s management contract was yesterday slammed as “highly irresponsible” by the attorney representing Jubilee Gardens residents impacted by the massive recent fires.
Agriculture’s ‘value’ falls 31% in 4 years
Real value added in the Bahamian manufacturing and agriculture sectors declined by 10 per cent and 31 per cent, respectively, between 2011-2015, with “fundamentally different business conditions” needed to reverse the fall.
‘More aggressive’ strategy needed on vacation rentals
The Bahamas was yesterday urged to adopt “a more aggressive strategy” towards the vacation rental market, given its potential for increasing local tourism industry ownership and developing Family Island economies.
Customs rejects cargo inspection concerns
Cargo inspections by the Customs Department are being done on a “risk analysis” basis, its Comptroller confirmed yesterday, agreeing that inspecting nearly 100 per cent of imports - as suggested in a consultants’ report - is “not practical”.
‘Competition explosion’ from number portability
Number portability could create an ‘explosion’ of competition in the mobile sector, the Utilities Regulation and Competition Authority’s (URCA) acting chief executive said yesterday, describing it as a “critical enabler” to the sector.
Chamber releases its ‘business ease’ survey
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive said yesterday it was seeking private sector feedback on the “most pressing issues” concerning the ‘ease of doing business’ in the Bahamas.
Bahamas under rising tax exchange pressure
The Bahamas is under growing pressure to bow to international demands that it automatically exchange tax information on a ‘multilateral’ basis, with the European Union (EU) and its members refusing to accept this nation’s preferred approach.
Rating agencies told: ‘Stroke us with same Baha Mar whip stick’
Senior Chamber of Commerce executives have urged the credit rating agencies to “stroke us with the same stick you beat us with”, and factor Baha Mar’s opening into their next assessments of the Bahamas’ sovereign creditworthiness.
