New tax enforcement move ‘unconscionable’
Businesses are hitting out at “unconscionable” Government enforcement efforts that require them to submit Tax Compliance Certificates (TCC) to obtain payment for goods and services ALREADY supplied.
Doctors in $573k project write-off
Doctors Hospital has written-off $573,000 in architectural drawing fees after deciding not to proceed with a “major renovation” investment at its main Collins Avenue facility.
Summit scales peak in 72% profit growth
A Bahamian insurer believes it will be “challenging” to repeat a 2015 performance which saw its net income increase by 72.3 per cent year-over-year.
Dingman’s strike out bid ‘not necessarily a winner’
Jamie Dingman’s bid to strike out a $1.113 million damages claim over his failed Nassau restaurant empire is moving forward despite “not necessarily being a winner”.
QC fearing GBPA income ‘starvation’
The proposed ‘one-stop shop’ for investors will “starve the Port Authority of municipal income” vital to Freeport’s maintenance, a well-known QC has warned.
Union chief supports Gov’t on contract worker ‘dignity’
The Bahamas Public Service Union’s (BPSU) president has praised the Government for “bringing some level of dignity” to ‘unregularised’ civil service employees, and called on it to abide by established protocols when hiring temporary/contractual workers in future.
Insurers give backing to new NHI structure
The Bahamas Insurance Association’s (BIA) chairman believes the new National Health Insurance (NHI) governance structure provides further evidence that the Government is taking a more inclusive approach.
Bahamians ‘delusional’ over reliable electricity
Bahamians are “deluding themselves” if they believe they can have a reliable energy supply without paying for it, a former BEC director warning: “At some stage we have to spend the money.”
Bahamas legal woes ‘pure speculation’
A former Cabinet Minister has hit back at a fellow attorney’s investor warning that complex commercial disputes may take two-four years to come to trial in the Bahamas, describing this as “pure speculation”.
‘Too much emphasis’ on Baha Mar failure
A Canadian-owned bank has given the Christie government a major credibility boost by backing its position that the rating agencies are “putting too much emphasis” on Baha Mar when assessing the Bahamas’ creditworthiness.
BPL rate increase ‘probably justified’
The Opposition’s deputy leader yesterday said an increase to Bahamas Power & Light’s (BPL) base rate was probably “justified” on a commercial basis to arrest average annual losses of $20-$30 million.
Labour relations ‘never this bad’
A trade union leader yesterday described broken promises by successive governments as “the silent killer” poisoning labour relations, which he said were at an all-time low.
Private sector concern on narrowed VAT filing
The private sector was yesterday said to be developing its formal response to “a number of concerns” over the 2016-2017 Budget, including the reduced Value-Added Tax (VAT) payment window.
ART OF GRAPHIX: The art that comes in as architecture
Should architecture be considered an art form? Many people, especially young apprentices seeking to become architects and enrolling in school, often speculate upon this.
Miller: ‘No justification’ for BPL rate increase
The Bahamas Electricity Corporation’s (BEC) last executive chairman yesterday said there was “no justification” for the ‘base rate’ increase being sought by its successor company’.
