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.
Venture fund struggles with equity investing
The Government-sponsored venture capital fund’s chairman yesterday said it had not enjoyed great success with its equity investments, which represent around 40 per cent of its portfolio.
Controversial developer in residency revocation
Jubilant property owners at Exuma’s controversy-plagued Oceania Heights project are celebrating “a new beginning” after the Government this weekend revoked the residency status of its original developer.
FNM’s VAT plan ‘totally misguided’
The FNM’s Value-Added Tax (VAT) ‘exemptions’ plan has been slammed as “completely misguided” by a well-known businessman, who said the private sector had previously “put to bed” all arguments over the Bahamas’ model.
Gov’t urged: Waive $100 fine on earlier Business Licence date
The Government has been urged to waive the $100 fine imposed on companies who missed the initial end-January 2016 Business Licence filing deadline as “a goodwill gesture”, as queries and “confusion” persisted up till last week’s payment cut-off.
Bahamas’ ‘dead wrong’ model highlighted by Panama papers leak
The massive document leak from a Panamanian law firm should serve as a wake-up call for the Bahamas to alter its “dead wrong” financial services model, a Bahamian executive charged last night.
Exchange control reforms encourage asset repatriation
The private sector believes the Central Bank’s latest exchange control liberalisation moves have “gone a long way” to encouraging Bahamians to repatriate foreign assets and related earnings.
