Chamber fully backs apprentice initiative
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive yesterday said the private sector was in full support of the proposed national apprenticeship programme, as a skilled and employable workforce was key to national development.
Bahamian accusers drop Dingman claim
Seven Bahamian companies and contractors have “voluntarily” withdrawn their claims for thousands of dollars in damages against Jamie Dingman over the collapse of his Nassau-based restaurant empire.
Bahamas taxes equal 34% of company profit
Bahamian companies face an effective corporate tax rate that is equivalent to almost 34 per cent of their profits, the World Bank’s ‘ease of doing business report’ has calculated.
Attorney admits ‘concern’ over court disputes length
Damages claims over Jamie Dingman’s failed Nassau restaurant empire may take two-and-a-half years to be resolved if the case has to be heard in the Bahamas, a local attorney has warned.
Bahamas facing ‘harsh reality’ on business ease
The Bahamas faces “the harsh reality” that it has done nothing to improve ‘the ease of doing business’, the Chamber’s chairman warning yesterday that far-reaching reform was necessary to improve economic competitiveness.
Bran slams ‘career politicians’ for ease of business slump
The Bahamas’ slump to 121st spot in the World Bank’s ‘ease of doing business’ rankings stems from the country being run by “career politicians who know nothing about business”, the Democratic National Alliance’s (DNA) leader charged yesterday.
Unions seek 20-fold employer fines rise
Bahamian trade unions are pushing labour law reforms that will impose a 20-fold increase in financial sanctions on businesses and an exorbitant redundancy cost burden - while simultaneously removing restrictions on their operations.
VAT drops Bahamas to 121st in ‘ease of business’ rankings
The Bahamas is now perilously close to dropping into the bottom third of the World Bank’s ‘ease of doing business’ rankings, after the country was ranked 121st out of 190 nations when it comes to facilitating private sector activity.
‘Intricate fabrication’: Sarkis blasts process for selling Baha Mar
Sarkis Izmirlian has slammed Baha Mar’s transfer to a special purpose vehicle (SPV), controlled by its Chinese secured creditor, as “an intricate fabrication” designed to mask the failure of the project’s sales process.
Sarkis ally admits Chinese, Govt are saying: ‘Go to hell’
A key Sarkis Izmirlian ally yesterday conceded that his attempts to regain Baha Mar’s ownership will likely prove futile, given that both the Government and Chinese were telling the original developer to “go to hell”.
Three local insurers earn ‘A grade’ ratings
Three Bahamian insurance companies yesterday received ‘A grade’ ratings from the industry’s leading international rating agency.
Uniformed drivers part of bus reform
Uniformed and salaried jitney drivers will be among the changes under a unified busing system, a Cabinet minister said yesterday, adding that the “refinement” of a corporate earnings structure was being developed in parallel to a pilot project that will act as the prototype.
Chamber chief hopes Florida Expo leads become investments
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive yesterday expressed hope that leads from a recent Florida trade expo will turn into “viable investments” in this nation, adding that several interested companies have subsequently reached out to the organisation.
Baha Mar deal ‘can’t be tax free’ after Matthew
Baha Mar’s sale must not be “scott free” of the normal 10 per cent ‘transfer tax’, the Opposition’s deputy leader demanded yesterday, suggesting such revenues could “more than compensate” for Hurricane Matthew relief costs.
Bran: LOI claims will ‘turn away’ foreign investors
The Democratic National Alliance’s (DNA) leader yesterday said the allegations made by the group at the centre of the Renward Wells Letter of Intent (LOI) controversy threaten “to turn foreign investors away from the Bahamas”.
