Minister: ‘No denying’ government’s foreign consultant reliance
A Cabinet Minister yesterday expressed hope that Bahamians could retain more of the multi-million sums that the Government spends annually on foreign consultants.
Threat to Flowers web shop licence: FML acquisition sparks bitter fight between investors
The Government has been urged not to grant a gaming licence to Craig Flowers’ FML Group of Companies, due to the eruption of a legal battle between shareholders of a rival web shop chain it has acquired.
Threat to Flowers web shop licence: Aggrieved partner ‘abandoned me and insolvent web shop’
The president of the former ‘Fantasy’ web shop chain yesterday said it was “insolvent” and unable to pay its bills, as he accused an aggrieved ex-business partner of abandoning the company and burdening him with thousands of dollars in debts.
Consumers require 2-3 years to ‘balance’ VAT
A prominent retailer yesterday warned it may take “two to three years” for Bahamian consumers to “balance out” the effects of Value-Added Tax (VAT), and ensure economic growth outstrips this levy.
AML back in line with 2014 via 5% Q3 rise
AML Foods believes the anticipated 5 per cent year-over-year sales increase for its third quarter may bring its top-line back in line with last year’s, with 2015 to-date performance beating budgeted expectations.
‘Satellite meetings’ on Baha Mar continuing
The parties to the $3.5 billion Baha Mar dispute were yesterday said to be participating in “satellite meetings”, as talks seeking to achieve a commercial resolution to the impasse continued.
Supply teachers brought in amid Grand Bahama shortage
SUPPLY teachers have been temporarily placed at some government schools to address the teacher shortages on Grand Bahama, according to a Bahamas Union of Teachers official.
Arbitration hub goal needs ‘hard thinking’
A leading authority on arbitration yesterday said it was not too late for the Bahamas to establish itself as an international hub, adding that it must determine its market and likely level of demand.
Bahamas ‘satisfactory’ as US arbitration alternative
A US attorney with extensive experience in international arbitration said yesterday that the Bahamas would be a “satisfactory” jurisdiction for companies that may not want to use the United States, suggesting there could also be opportunities for this nation in Latin America.
Bahamas in ‘advanced stages’ of Arbitration Court membership
The Bahamas is in the “advanced stages” of taking the necessary steps to become a member state of the Permanent Court of Arbitration, a Cabinet Minister yesterday suggesting this will boost its arbitration centre ambitions.
Auto sales 30-35% off until late 2016
Auto dealers believe new car sales will remain 30-35 per cent below pre-Value Added Tax (VAT) comparatives until the 2016 second half, with one saying: “Consumers have gone into hiding.”
Minister: Bay Street ‘like a dying centre’
The Minister of Tourism has admitted that Bay Street “is like a dying centre”, as he pushes for duty-free shopping status to tackle its lack of variety and recognised retail brands.
Gov’t told: ‘Nationalise’ Port Authority shares
An outspoken QC has urged the Government to speedily “nationalise” the Grand Bahama Port Authority (GBPA), arguing: ‘We’re dealing with a $100 billion, not $3.5 billion, investment here.”
Doctors fear ‘minimum’ 25% cost rise with NHI
Doctors fear the Bahamas will be left with “a dysfunctional health system” if the Government forges ahead with National Health Insurance (NHI), as the current model is plagued by funding shortfalls and threatens to increase their costs by “a minimum” 25 per cent.
‘Some progress’ on Baha Mar resolution
Negotiations over the stalled $3.5 billion Baha Mar project have made “some progress on the way forward” towards a commercial resolution, Tribune Business has been told.
