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.
Crawfish season was ‘one of best in years’
Fishermen have described the 2016-2017 crawfish season as “one of the best in years”, attributing this partly to an increased Royal Bahamas Defence Force (RBDF) presence that has deterred foreign poachers.
IAN FERGUSON: Uncovering the hidden talents of your workers
In large organisations and government agencies, we often run into the challenge of viewing team members as a number or ‘fish’ swimming in a large ocean. Sometimes our companies become so large and impersonal that people - and their talents and gifts - get lost in the fray. I understand this all too well, as I have in many cases felt undervalued in various companies I have served, both socially and corporately.
Troubled broker agrees wind-up
A Bahamian broker/dealer, which admitted to misusing almost $4 million in client monies without permission, has agreed to go into voluntary liquidation after deciding it “made no financial sense” to continue fighting regulators.
‘Banana republic’ fear on Carnival date shift
Junkanoo Carnival band owners still face thousands of dollars in losses, their Association president said yesterday, as the farce surrounding the event deepened with its original dates being restored.
‘No confidence’ in Baha Mar casino licensing process
A key Sarkis Izmirlian ally yesterday said he had little confidence that the Gaming Board had done “in-depth background research” on Baha Mar’s casino license because the outcome was “pre-determined”.
Bahamas has region’s ‘most productive’ VAT
The Bahamas has the most productive Value-Added Tax (VAT) regime in the Caribbean, an IMF paper yesterday holding out its ‘low rate, broad base’ structure as a model for the entire region.
Labour reform ‘sticking points’ largely resolved
The private sector is satisfied “for now” with the labour law reforms passed by Parliament, the Chamber’s chief executive yesterday confirming that “most of the sticking points” have been dealt with.
Shavonne Smith: Prepare to combat rise in cybercrime
In the first of a new series, Deloitte & Touche (Bahamas) Shavonne Smith urges companies to take prevention measures to the next level . . .
DNA chief slams Govts on landfill
The Democratic National Alliance’s (DNA) leader yesterday slammed both PLP and FNM administrations over their handling of the New Providence landfill, again questioning what became of a $23.5 million Inter-American Development Bank (IDB) loan to finance a solid waste management programme.
