Govt losing from under-25% second home registration
Prime Minister Perry Christie yesterday said the Government was losing significant revenues from Abaco’s vacation rental and second home market, with less than 25 per cent registered with the Ministry of Tourism.
IAN FERGUSON: Vision that inspires a corporate identity
In a very literal sense, vision addresses an individual or company’s capacity to see. Figuratively, vision speaks to foresight, or an individual or organisation’s ability to take a peek around the corner. It is envisioning what has not been made manifest, but articulating and anticipating what could be.
Abaco ‘feverishly’ battling boat theft
Abaco’s economy has taken a hit from ongoing boat thefts, its Chamber of Commerce president yesterday saying the private sector was working ‘feverishly’ with law enforcement to combat the problem.
Book engine ‘revamp’ boost for Out Islands
A senior Ministry of Tourism official said yesterday that the Family Islands will soon benefit from greater visibility and visitor access, given that it has “revamped” its Bahamas.com booking engine to introduce domestic airlines into the global distribution system (GDS).
PM urges ‘new paradigm’ on investment approvals
Prime Minister Perry Christie said yesterday that there must be “a new paradigm” when it comes to facilitating investment approvals and minimising bureaucratic obstacles, conceding that the wait time on central government decisions was a major challenge.
Bahamas ‘No. 1 target’ via Panama-style leak
The Bahamas yesterday became the world’s ‘number one target’ among international financial centres (IFCs), after it fell victim to a Panama Papers-style leak of 1.3 million documents.
QC says Sandals workers gained from termination
Sandals decision to terminate its 600-strong Royal Bahamian workforce benefited them more than the union’s preferred option, the resort’s attorney argued yesterday, because it ensured they had funds to meet ‘back to school’ expenses.
Bahamas faces ‘hostile economic dismantling’
The FNM’s deputy leader yesterday accused the OECD and other foreign actors of
Bran: ‘Jaundiced eyes’ now viewing Bahamas
The DNA’s leader yesterday expressed fears that investors would view the Bahamas “with jaundiced eyes” following the Panama Papers-style data ‘leak’, and added: “We can’t afford any more reputational damage.”
Govt ‘lacks credibility’ to probe Registrar’s 1.3m document leak
Opposition politicians yesterday demanded that the Government swiftly investigate whether the ‘leak’ of 1.3 million corporate documents from the Registrar General’s Department resulted from a data security breach, amid calls for the Attorney General to be reassigned.
Govt’s Sandals directive takes workers ‘pre-1958’
The Government was yesterday accused of returning Bahamian workers to “pre-1958 General Strike” conditions, after the Attorney General directed the courts to “discontinue” criminal proceedings against Sandals Royal Bahamian and its top executives.
‘Bahamian elite’ urged to acquire upscale GB hotel
The “Bahamian elite” were yesterday urged to consider buying Grand Bahama’s Deep Water Cay resort, with the area’s MP saying its sale called into question repeated Government boasts that it was on the verge of a $110 million expansion.
Opposition to query Govt’s SPV fondness
The Opposition will “most likely” raise concerns in the House of Assembly over the Government’s increasing use of special purpose vehicles (SPVs), its deputy leader said yesterday.
Chamber offer ‘much easier’ than Inland Revenue’s ‘3 at once’
The Inland Revenue offer to simplify the Tax Compliance Certificate (TCC) process by issuing ‘three at once’ would be “much easier” if just one was made valid for a 90-day period, the Chamber of Commerce’s chief executive said yesterday.
Bahamas missed ‘free will’ reform of taxation system
The Bahamas missed “a golden opportunity” to get ahead of its competitors when it elected to implement Value-Added Tax (VAT) instead of a ‘low rate’ corporate /income tax regime, a financial services provider said yesterday.
