Gov’t is warned: Don’t fall in love with VAT monies
The Government has been warned not to become “too enamoured” with Value-Added Tax’s (VAT) relatively successful start in preparing next week’s 2015-2016 Budget.
Baha May delay’s 50% cut to growth
Baha Mar’s delayed opening could potentially slash 50 per cent off the Bahamas’ 2015 economic growth forecast, a well-known businessman has warned.
Contractors Association: No Baha Mar woe reports yet
Senior Bahamian Contractors Association (BCA) executives say they have yet to receive reports of local construction companies not getting due payments for work done on the $3.5 billion Baha Mar project.Senior Bahamian Contractors Association (BCA) executives say they have yet to receive reports of local construction companies not getting due payments for work done on the $3.5 billion Baha Mar project.
Three-year recognition is ‘vexing’ trade unions
Union recognition is taking a “vexing” three years to complete, a leading trade unionist says, rather than the desired three months.
Industrial system frustrates unions
THERE is “no question” that the present industrial relations system is set up to frustrate the Bahamian trade union movement, as one leader renewed his call for a united labour front.
Renewable firm backs BEC reform structure
The proposer of a $650 million waste-to-energy plant yesterday backed the Government’s decision not to break the Bahamas Electricity Corporation (BEC) into two, and instead select a management company to operate it.
Ex-BREA chief ‘not surprised’ by Smith ruling
A two-time former Bahamas Real Estate Association (BREA) president yesterday said he was “not surprised” at the verdict won by ex-minister George Smith, and renewed his call for the Association and Real Estate Board to be separate.
Banks to ‘double’ VAT recovery.... to just 10%
The Bahamian banking industry is hopeful it might be able to recover ‘double’ the amount of Value-Added Tax (VAT) inputs than previously thought, as one institution yesterday revealed its total tax burden will increase by $6-$7 million in two years.
LOI controversy firm’s ‘big chance’ to revive project
The company at the centre of the Letter of Intent (LoI) controversy over its proposed $650 million waste-to-energy plant yesterday said PowerSecure International’s selection as BEC manager gives it a “huge opportunity” to revive the project.
Bahamians warned: Brace for post-VAT delinquency cut-off
Bahamians must get used to companies increasingly cutting them off for non-payment due to Value-Added Tax’s (VAT) cash flow impact, a well-known businessman warned yesterday.
LOI made $650m waste plant ‘political football’
The company behind the $650 million waste-to-energy proposal at the centre of last year’s Letter of Intent (LoI) controversy yesterday said it had been treated as “a political football”, which “turned a positive into a negative” and damaged its bid to secure financing.
Five years until Credit Bureau is ‘meaningful’
Commonwealth Bank’s president yesterday said it could take up to five years for the proposed Credit Bureau to become a “meaningful tool” for commercial banks, due to the time required to build its database.
BREA ‘emergency’ on ex-minister’s legal win
The Bahamas Real Estate Association’s (BREA) Board will tomorrow hold “an emergency meeting” to determine its response to losing a legal battle with a former Cabinet Minister.
Bahamas ‘falls off map’ on Caribbean hospitality lending
The Bahamas has ‘dropped off the map’ among traditional bank lenders to the hotel/tourism industry, with this nation failing to feature among the top 10 Caribbean destinations for new lending.
Bahamians overlook ‘significant progress’
Too many Bahamians are overlooking this nation’s “significant economic progress” because they are focusing on issues that “have not a Christ thing to do with sustainable development”, a leading businessman believes.
