VAT in first quarterly surplus for four years
The $75 million generated by Value-Added Tax (VAT) helped the Government enjoy its first quarterly revenue surplus for four years during the 2014-2015 fiscal year’s third quarter.
Job seekers: 25% lack the ‘behavioural skills’
One out of every four Bahamian job seekers lacks the necessary “behavioural skills” suitable for the workplace, an Inter-American Development Bank (IDB) report has revealed.
Baha Mar slams contractor hiring
Senior Baha Mar executives have alleged that construction quality was undermined by the $3.5 billion project’s contractor hiring labourers to perform work that should be done by skilled tradesmen.
Baha Mar contractor owes $2.373m in rent
Baha Mar has accused its main contractor of owing $2.373 million in unpaid rent for use of the former Crystal Palace as offices and accommodation for its staff.
11,000 youth jobless on New Providence
Nearly 11,000 young Bahamians on New Providence are unemployed, of whom 13 per cent have given up looking for work and are helping to feed the rising crime and murder rates.
Gov’t ‘cannot be held hostage’ on Baha Mar
The Government “cannot be held hostage” over the $3.5 billion Baha Mar project, a leading accountant yesterday saying it had to be involved in upcoming mediation talks to protect the Bahamian people’s interests.
Bran: PM should not mediate Baha Mar negotiations
The Democratic National Alliance’s (DNA) leader yesterday said Prime Minister Perry Christie should not mediate the upcoming Baha Mar negotiations, as his impartiality would likely be questioned by the developer.
Creditor protections to make Bahamas ‘more favourable’ to investors
International investors would “look more favourably” on the Bahamas if it had Chapter 11-style bankruptcy protection laws, a leading accountant yesterday suggesting Baha Mar’s woes had exposed legislative weaknesses.
Carnival’s $50-$60m impact ‘not realistic’
The Democratic National Alliance’s (DNA) leader yesterday said estimates that Bahamas Junkanoo Carnival generated a $50-$60 million economic stimulus were “very ambitious and not realistic”.
THE ART OF GRAPHIX: Decoding the jargon with graphic effects
Whether you are a newcomer, a student or just in need of a refresher, graphic design is littered with jargon and terms you may not be familiar with. So here are a few key terms all graphic artists should know when printing, re-sizing, sharpening and detailing images.
‘Much higher’ chance Baha Mar owners out
The Izmirlian family’s prospects of being ousted from the $3.5 billion Baha Mar project are “a lot higher today than before the Chapter 11 filing”, a leading businessman yesterday warning their credibility with the Bahamian people had suffered a major hit.
Baha Mar’s ‘red flag’ on project supervision
Baha Mar’s inability to discover it could not meet its March 27 opening target until just a few days prior was “a red flag” to one local construction engineer, who yesterday said this raised major questions about the developer’s project management.
Baha Mar sides told: ‘Leave your egos out’
The Opposition’s deputy leader yesterday urged all parties “to leave their personalities and egos out of” efforts to resolve the $3.5 billion Baha Mar dispute, adding that it was “not helpful” for the Prime Minister to imply the developer’s principal was mentally unhinged.
S&P warned: Don’t ‘rush to judgment’ on credit downgrade
A well-known businessman yesterday urged Standard & Poor’s (S&P) not to “rush to judgment” and downgrade the Bahamas as a result of the Baha Mar impasse, adding that the only thing this country is losing is “time”.
‘Better to negotiate in board room than fight in court room’
The Democratic National Alliance’s (DNA) leader yesterday backed the decision to resolve the Baha Mar dispute via mediation, adding: “It’s always better to negotiate in the Boardroom than fight in the court room.”
