$3.1m Potter’s Cay project ‘progresses’
The Minister of Transport and Aviation said yesterday that work on the $3.1 million Potter’s Cay dock redevelopment was moving froward “progressively”, with the aim of providing safer and more streamlined operations.
New home starts off 67% in one decade
The pace of home construction is failing to keep pace with the Bahamas’ housing needs, with residential starts and completions both declining by more than two-thirds in the decade up to 2014.
Ex-Chamber chief slams ‘outrageous’ late tax penalties
A former Chamber of Commerce president yesterday slammed the penalties for missing tax payment deadlines as “outrageous”, revealing his business was fined almost $4,000 for being five minutes late with its VAT remittance for March.
Bran: Save the Bays leak ‘more damaging’ than Panama Papers
The Democratic National Alliance’s (DNA) leader yesterday said the ‘Save the Bays’ e-mail leak had been “more detrimental” to the Bahamas and its financial services industry than the so-called ‘Panama Papers’ revelations.
Union chief’s BEC blackout warning
Union leaders yesterday warned that New Providence residents and businesses were facing a long, hot summer unless “challenges” at Bahamas Power & Light’s (BPL) main Clifton Pier power plant were rapidly addressed.
‘Panama Papers’ expose folly of Bahamas leaks
The ‘Panama Papers’ fall-out should deter the Government from contributing to the “self-destruction” of the Bahamian financial services industry through further data leaks, a Queen’s Counsel (QC) said yesterday.
Technology on the menu for Bahamas entrepreneur
FRED Lightbourn, owner of The Poop Deck at Sandyport, has been in the restaurant business for 30 years so has a wealth of experience of customers’ dining tastes, likes and dislikes.
Tourism set for $47m Baha Mar ‘shrug off’
International analysts are predicting that the Bahamian travel and tourism industry will shrug off the Baha Mar debacle to deliver a $47 million economic output increase in 2016, growing this to $1.889 billion.
Nygard: ‘Trumped up’ murder plot claims back NY dismissal
Peter Nygard and his attorneys are arguing that the “trumped up” murder-for-hire claims made against him unwittingly strengthen his arguments for dismissing a $50 million defamation lawsuit.
Reserve company incorporation for locals, Moss urges
A Bahamian financial services practitioner yesterday urged this nation to bar international firms from using this jurisdiction solely to incorporate companies in the wake of the ‘Panama Papers’ revelations.
Bahamas must ‘show progress’ on automatic tax exchange regime
The Bahamas was yesterday urged to “show progress” in implementing its automatic tax information exchange regime, given that such initiatives will gain further “impetus” from the ‘Panama Papers’ disclosure.
Venture fund ‘earns its stripes’ in 22% return
Bahamas Striping was yesterday said to have given the Government-sponsored venture capital fund a 22 per cent return on its $300,000 investment in the company, financed through a mixture of debt and equity.
Opening the window to lower energy bills
How would you like to save 10 per cent on your BEC bill? Does 20 per cent sound even better? For homes and businesses using air conditioning without properly sealed windows, as much as 10-20 per cent of your power bill results from cool air seeping straight out the windows. You can think of it like putting money into a bag with holes – it comes right out.
Panama Papers expose e-mail ‘leaks’ damage
The Opposition’s deputy leader yesterday urged the Minister of Financial Services to use the ‘Panama Papers’ leak to advise her Cabinet colleagues against any further disclosures of private e-mails.
Gov’t ‘analysing’ Striping’s PPP
A Cabinet Minister said yesterday that the Government is conducting “due diligence and analysis” on a public-private partnership (PPP) proposal by the Bahamas Striping Group of Companies.
