Doctors: Market ‘can’t bear cost’ of $40m project
Doctors Hospital’s determined that a long-planned $40 million expansion of its main Collins Avenue facility was not feasible because the market was “unable to bear the cost”, due to the “dwindling” number of persons covered by private health insurance.
Mortgage plan: Higher cut for greater debt ratios
The Government’s revived Mortgage Relief Plan appears to reward delinquent borrowers with higher debt service ratios, who will enjoy a higher proportionate cut to their monthly payments upon qualifying.
Minister: Bahamas ‘must get out of’ crime warnings
The Minister of Tourism yesterday urged to the Bahamas to further improve its image and avoid repeated crime advisories, after the Canadian government became the latest to warn its citizens to “exercise a high degree of caution” when travelling to this nation.
‘Point of no return’ on $500m tax hole
The Government is losing $500 million in taxes annually due to compliance rates that are below 50 per cent, an ex-Chamber chairman estimated yesterday, pushing the Bahamas to taxation’s “point of no return”.
‘Tripartite Group’ to assess Business Licence
The Government has agreed to the formation of a ‘Tripartite Working Group’ that will assess the Business Licence fee and its rate structure, an initiative the private sector hopes will eventually cover “all tax matters”.
Abaco Club pledges no project dredging
The Abaco Club’s principal, and environmental advisers, have pledged to the Government that its proposed marina/docking facility in Little Harbour will require no dredging.
Bran: Bahamas must ‘open up for business’
The Democratic National Alliance’s (DNA) leader yesterday urged the Government to “open the Bahamas for business”, warning it would be unable to “tax its way out of debt”.
Gov’t urged: ‘Think through implications’ of compliance plans
The Chamber’s chairman yesterday questioned whether the Government had “thought through the practical implications” of how its enhanced tax compliance measures would work.
Opposition: Budget numbers ‘don’t jive’
The Opposition’s finance spokesman yesterday said something was “definitely amiss” in the Government’s fisca; deficit projections, telling Tribune Business: “The numbers don’t jive with what they are saying.”
Fishermen seek regulation for entire industry
Bahamian fishermen hope the Government will “sooner rather than later” move to regulate the entire fisheries sector and not cherry pick certain segments, a leading executive yesterday calling for it to address mandatory licensing.
Stellar chief makes $2m injunction bid
Stellar Waste’s principal is seeking a Supreme Court Order to prevent David Kosoy’s Sterling Asset Management from selling a West Bay Street real estate project, as he bids to recover his alleged $2.019 million investment.
Tax Certificate waiver branded ‘total rubbish’
The Government’s ability to award contracts to persons and businesses who cannot prove their tax compliance was yesterday slammed as “absolute rubbish” by governance reform campaigners.
DNA chief’s firm hit by six-month permit wait, arrest
The Democratic National Alliance’s (DNA) leader yesterday said the detention of a pharmacist working for his family business, amid a six-month wait for a work permit renewal, highlighted the bureaucratic obstacles facing Bahamian companies.
Gov’t ‘trying to do away’ with limited liability
The Opposition’s finance spokesman yesterday questioned whether the Government was “trying to do away” with the limited liability protection afforded to most Bahamian companies through its 2016-2017 Budget changes.
‘Horse already bolted’ on Abaco Club project
A late June Town Meeting over the Abaco Club’s proposed marina project was yesterday described as too little, too late by its opponents, who said: “The horse has already bolted.”
