‘Cyclical rise and fall’ with no succession plan
Bahamian family-owned businesses will continue to undergo “cyclical rises and falls” unless their owners employ proper succession planning, one such group yesterday expressing hope it could act as “an inspiration” to others.
Law does not support Price Control demands
A well-known businessman yesterday said the law did not support the Price Control Commission’s demands for every food store to hold documents justifying prices for ‘breadbasket’ items.
Bahamians ‘can’t have it both ways’ on economic model
Bahamians cannot have it both ways over this nation’s economic model, a top private sector executive yesterday arguing that free market capitalism could not simultaneously co-exist with “socialist safety nets”.
IAN FERGUSON: The factors fuelling workplace conflicts
Much thought is given in the corporate world to how employees interact with customers, but often we neglect to focus on the working relationships between team members.
Bahamas requires ‘dozens’ of Junkanoo Carnival-type events
A leading architect yesterday said the Bahamas needs “dozens” of events similar to Junkanoo Carnival annually if it is to boost tourism revenues via cultural experiences.
Junkanoo Carnival set to boost hotels
THE Bahamas Junkanoo Carnival’s top organiser said yesterday that the event would likely create a significant boost for Nassau/Paradise Island hotel occupancies during a traditionally slow period for the sector.
Oil slump rescues Sky from fee hikes impact
Sky Bahamas and its shareholders would be “sitting at the table looking at doing something else” if the sharp decline in oil prices had not offset the latest batch of tax/fee increases, its top executive said yesterday,
Coke bottler: VAT not to blame for 4-5% sales drop
Caribbean Bottling’s president yesterday said the 4-5 per cent decline in its January sales could not be solely attributed to Value-Added Tax (VAT), arguing that the new levy had “gone over well” given the circumstances.
VAT roll-out better than expected ‘despite Gov’t’
The Government must accept that Value-Added Tax’s (VAT) smoother-than-expected implementation to-date is due more to the private sector’s efforts than its own, the Tax Coalition’s chairman said yesterday.
Business ‘hardship’ fears over GOV’ts workforce reforms
The private sector is likely to warn that the Government’s proposed minimum wage and redundancy pay reforms will “create hardship” among businesses already reeling from significant tax-induced cost increases.
$2bn current deficit not so problematic
The Bahamas’ annual $2 billion current account deficit is “not as fickle” as many outsiders think, a former finance minister yesterday pointing out that this was traditionally balanced by foreign capital inflows.
Project seeks to make Nassau/PI more vibrant
Nassau and Paradise Island’s tourism industry is undergoing a sustainability assessment that aims to identify areas of improvement that will make the destination more “vibrant”.
Economist: Cuba opening a threat to Bahamas tourism
An end to the US trade embargo on Cuba will certainly challenge to this nation’s tourism industry, a leading economist has warned, noting that the latter’s stopover arrivals were second in the Caribbean to the Dominican Republic despite having virtually zero American airlift.
‘Premature’ to tell if VAT a Ferrari or Lada
Senior private sector executives yesterday warned it was “too premature” to determine whether Value-Added Tax (VAT) will achieve all desired objectives, likening implementation to “driving a used Lada rather than a Ferrari”.
Gov’t sought Arawak Homes settlement ‘far higher’ than judgment
The Christie administration attempted to negotiate a settlement “significantly in excess” of the $4.4 million awarded to Arawak Homes by a Supreme Court judge for land previously seized by the Government.
