Gov’t still assessing some VAT refunds
The Ministry of Finance’s financial secretary has confirmed that several Value-Added Tax (VAT) refunds have yet to be processed because of “audit specific VAT accounting issues”, although the majority of claims have been paid.
Arawak port beats profit target by 33%
Arawak Port Development Company (APD) yesterday revealed it had exceeded profit projections for its 2015 financial year by 33 per cent, aided by its first-ever tariff increase and rises in storage and rental revenues.
FDI impact 50% less than forecast
The Bahamas is receiving less than 50 per cent of the projected economic impact associated with many foreign direct investment (FDI) projects, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday saying there had been “surprisingly little trickle down”.
Bahamas ‘takes it on both ends’ from Joaquin
Hurricane Joaquin’s impact is likely to be “particularly bad” for Bahamian tourism, an ex-finance minister yesterday warning that the damage left in its wake will “deteriorate” the Government’s fiscal position.
Businesses blast ‘significant delay’ on VAT refunds
Bahamian businesses are complaining about “significant delays” in receiving Value-Added Tax (VAT) refunds, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday warning this threatened to undermine private sector trust in the Government and its new tax.
Insurers pray ‘major loss event’ avoided
The Bahamian insurance industry was yesterday nervously watching its computer models and television forecasts, amid hopes that “a major loss event” could be avoided if Hurricane Joaquin stays on its projected path.
IAN FERGUSON: Training upgrades allow change to take its course
If the only thing constant in life is change, we must treat it - and our response - with greater caution and respect. Human nature seems so resistant to the inevitable that we fight the advances happening all around us, both consciously and unconsciously. As the Samsung and I-Phone 6 models give way to the perfect number 7, and as new advances in education, medicine, music and other spheres of life overpower what has been previously taught, so must we allow these changes to take their course in both our personal and professional lives.
DNA chief on Obie apology: ‘Hell no’
The Democratic National Alliance’s (DNA) leader yesterday accused the Minister of Tourism of “deflecting the main issue” in the row over Carnival’s crime warning e-mails, and said of the demand for an apology: “Hell no.”
Lease, not sell, Crown Land to FDI projects
The Bahamas should lease Crown Land to foreign direct investment projects (FDI) rather than sell it, a private sector executive said yesterday, to ensure prime property is not left dormant if the development fails.
Customer services makes for ‘phenomenal’ firms
Transitioning a business from “mediocre to phenomenal” begins with customer service, an international speaker and lead trainer said yesterday, adding that few companies grasp this concept.
Mobile HoldingCo to ‘jump start’ BISX
The ‘HoldingCo’ that will own the Bahamian people’s 51 per cent majority stake in the second mobile operator could “jump start” the Bahamas International Securities Exchange (BISX) and wider capital markets, Tribune Business was told yesterday.
Financial profligacy leaves Bahamas at FDI investor mercy
Bahamian financial profligacy has left this nation at the mercy of foreign developers whose increasing demands for Government concessions are “contrary to the interest of the Bahamas”, a well-known businessman believes.
‘Quit talking’ over National Airlift Plan
Aviation industry players were yesterday urged to “quit talking” and make a National Airlift Policy happen, an airline chief executive warning that Family Island hotels and tourism were “dying” without it.
Consultants ‘misrepresent’ $640m NHI financing gap
The Bahamas Insurance Association’s (BIA) chairman last night said accountants had been re-hired to review the proposed National Health Insurance (NHI) scheme’s costs, amid accusations the Government’s main consultants have “misrepresented” this burden.
Businesses taking Joaquin ‘seriously’
Businesses and residents in the southern Bahamas were yesterday taking “very seriously” the threat from Hurricane Joaquin, now a Category One hurricane that is threatening to get stronger.
