Bran slams ‘fallacy’ of low-tax Bahamas
The Democratic National Alliance’s (DNA) leader has pledged to reform the Business Licence fee if elected to office, so that companies do not pay more in taxes than they earn in profits.
‘Don’t paint Chinese with the same brush’
The Chamber of Commerce’s chairman has urged Bahamians to resist treating Chinese state-owned and private sector companies “with the same brush”, while acknowledging angst he potential threat to the country’s economic sovereignty from large-scale Chinese investments.
Minister promises to uphold ‘highest casino standards’
The Minister of Tourism yesterday pledged to uphold “the highest standards” of integrity in the Bahamian casino gaming industry, amid suggestions that Baha Mar’s potential purchaser is not a suitable buyer.
FNM deputy: ‘No comfort’ taken on Baha Mar’s buyer
The Opposition’s deputy leader has warned against “taking any comfort” from a multi-billion dollar Hong Kong-based conglomerate’s confirmation that it is seeking to acquire Baha Mar, adding: “We need to know the details behind it first”.
Govt warned: Don’t lose CLICO solution in storm
A prominent pastor yesterday urged the Government not to forget the promised payout to CLICO (Bahamas) long-suffering policyholders, saying: “We don’t want to get lost in the storm.”
‘Greater flexibility’ on Baha Mar disclosures
The Government should have “greater flexibility” to reveal the terms being negotiated for Baha Mar’s purchase, including investment incentives and tax breaks, after the buyer identified itself, the Chamber’s chairman believes.
Baha Mar ‘purchaser’ leaves Sarkis in cold
China’s ‘freezing out’ of Sarkis Izmirlian was confirmed last night, after Baha Mar’s prospective purchaser was identified as a multi-billion dollar Hong Kong conglomerate with extremely close ties to the Beijing government.
Roberts ‘in over his head’ on Baha Mar
A key Sarkis Izmirlian ally yesterday blasted PLP chairman, Bradley Roberts, as “in over his head”, adding that Baha Mar’s original developer is “happy to show he has the money” to reacquire the development.
Sales agents lose BTC ‘contract breach’ claim
“Veteran” sales agents have lost their ‘breach of contract’ appeal against the Bahamas Telecommunications Company (BTC), the Court of Appeal finding they effectively consented to giving up 45 per cent of their revenue earnings.
Business ease decline ‘not good marketing’ to foreign investors
The Bahamas’ 121st spot in the World Bank’s ‘ease of doing business’ rankings is “not a good marketing tool” to attract foreign investment, the Opposition’s deputy leader yesterday fearing it will “confirm negative perceptions” of this nation.
Summit’s peak rating a timely confidence boost
Summit Insurance Company’s president yesterday said its ‘A grade’ rating from A. M. Best had provided a timely confidence boost for clients in Hurricane Matthew’s wake.
IAN FERGUSON: Businesses perform better without egos
Some people think managing through ego, or forcing on others their self-important management style, makes them a leader. Sadly, this autocratic or authoritarian style is used ineffectively by so many leaders in our current corporate climate.
Cable: Network fully restored in Nassau
Cable Bahamas yesterday said it was turning its focus to customer billing adjustments, having achieved full network restoration on New Providence.
Corporate governance vital to ‘business ease’
The Chamber’s chairman said yesterday that improving the Bahamas’ corporate governance culture, a key pillar of the National Development Plan, is “critical” to preventing further declines in this nation’s ‘ease of doing business’ rankings.
Private sector urged to seek online boost
Bahamian businesses were yesterday urged to leverage digital platforms to boost their brand presence and increase sales opportunities, with website security described as “critical” to facilitating e-commerce.
