Super Value eyes 5-8% growth post-VAT adjust
Super Value’s owner is hoping for a 5-8 per cent year-over-year sales increase for February and March 2016, telling Tribune Business: “The signs are there.”
April 1 start for NHI ‘impossible’
The private sector yesterday described the April 1 target date for National Health Insurance’s (NHI) roll-out as “impossible, impractical and unreasonable”, the Chamber’s chief executive adding: “It will not happen.”
$62.5m spend increase ‘exactly why we need’ Fiscal Responsibility
The Opposition’s deputy leader yesterday said the projected $62.5 million spending increase beyond original 2015-2016 Budget estimates was “exactly the reason why” the Bahamas needed Fiscal Responsibility-type legislation.
Bahamas ‘in good place’ on automatic exchange
Developing a regime to comply with global automatic tax information exchange standards was yesterday branded “the immediate priority” for the Bahamian financial services industry, a senior executive adding: “We’re in a good place.”
Minister: $200m spend rise not what it seems
A Cabinet Minister yesterday said the $200 million rise in the Government’s recurrent spending was not what it seemed, and largely represented the transfer of expenditure between accounts.
Minister rejects call for VAT exemptions
A Cabinet minister yesterday said it was “oversimplistic” and “problematic” to call for Value-Added Tax (VAT) to be removed from food items and other staple products.
Caribbean to tackle correspondent bank woe at IDB meeting
The Bahamas and wider Caribbean plan to use next month’s Inter-American Development Bank (IDB) Board of Governors meeting to address the damage being caused by loss of US correspondent banking relationships.
Five years to accrual accounting for Gov’t
A Cabinet Minister yesterday said it would take five years to fully phase-in accrual accounting to the Government’s financial management, while acknowledging that the current cash-based method has “severe limitations”.
Gov’t raises spending $62.5m above Budget
The Government has quietly increased its total spending forecast for the 2015-2016 fiscal year by $62.636 million, raising fears that its deficit could exceed $200 million.
Roberts fearing crime ‘wipe out’
Super Value’s owner fears crime will “wipe out” the economy, with the police seemingly disinterested in investigating thefts and break-ins impacting the private sector.
Ombudsman urged to resolve bank disputes
The Government is being urged to appoint an independent Ombudsman to help resolve disputes between Bahamians and the commercial banking industry.
Ex-Minister partially defeats BREA ‘stay’
The Bahamas Real Estate Association (BREA) and an ex-Cabinet minister can both claim ‘victory’ following the latest round in their legal battle.
Insurers ‘challenged’ over NHI feedback
The Bahamas Insurance Association’s (BIA) chairman says the industry is “challenged” to provide comprehensive feedback on the National Health Insurance (NHI) Bill because the Government has yet to release the accompanying regulations.
Rival queries absence of Bahamasair strategy
A Bahamasair competitor says the Government has failed to adequately explain how it will cut the national flag carrier’s debt and make it profitable, despite signing a $100 million contract to add five new ATR-600 aircraft to its fleet.
Sky Bahamas chief: ‘No encouragement’ in mid-year Budget
A well-known businessman and aviation executive says the 2015/2016 mid-year Budget has given him little encouragement to invest further, reiterating calls for a strategic plan to develop the Out Islands.
