‘Hundreds of letters’ sent to VAT offenders
“Hundreds of letters” have been issued to offending businesses by the Ministry of Finance’s Value-Added Tax (VAT) Unit, it was revealed yesterday, with the private sector urged to not blame price increases solely on the new tax.
Vet security closely in the post-VAT world
Value-Added Tax (VAT)has everyone excited or depressed, depending on who you talk to, and whether they are an accountant or a bartender.
BTC’s campaign to be less ‘Nassau centric’
The Bahamas Telecommunications Company’s (BTC) chief executive said yesterday he was pushing to make it less “Nassau centric”, with cellular and broadband Internet upgrades combining with its new pay-TV offering to benefit a wider consumer population.
BTC offers ‘try before buy’ business solution
Bahamas Telecommunications Company (BTC) executives yesterday hailed their newly-launched ‘Business Solutions Centre’ as a cost-effective initiative that will boost private sector profits.
‘Total lack of evidence’: Broker’s chief blasts SEC
A “total lack of evidence” produced by US federal regulators means their lawsuit against a BISX-listed company’s principal, and its broker/dealer affiliate, over an alleged $400 million fraud should be dismissed.
CIBC eyes staff tripling at new business unit
CIBC FirstCaribbean is aiming to triple staff levels at its new Bahamian private wealth management unit “in very short order”, a top executive yesterday unveiling ambitions for this segment to account for 25 per cent of the bank’s region-wide performance.
IDB: ‘Greater efforts’ needed from Central Bank on inflation
“Greater efforts” will be needed from the Central Bank of the Bahamas to contain and monitor the inflationary impact from Value-Added Tax (VAT) and other structural economic changes, a multilateral lender has warned.
AML Foods mulls future ‘neighbourhood’ switch
AML Foods’ future may involve a shift into the ‘neighbourhood food store’ business to provide more competition and consumer choice, its chief executive has disclosed.
‘No winners’ in Melia dispute
Baha Mar last night urged the hotel union to “urgently” resume negotiations to resolve the Melia gratuity dispute after the Supreme Court extended the ban on all industrial action to February 11, adding that there were “no winners” in the current impasse.
ART OF GRAPHIX: Getting your brand into customer minds
Brand positioning is one of the single most important steps any business must take on the road to success. Yet it is often the most shunned, especially by small businesses, who understand the value of positioning only after the results are in.
Tourism: No more ‘business as usual’
Bahamian tourism can no longer conduct “business as usual”, a senior official said yesterday, with the industry needind to raise its game with competition “on our heels”.
Tourism gives 77% of export earnings
Tourism industry success was was yesterday described as critical to this nation’s foreign currency earnings, the Central Bank’s governor yesterday disclosing that the sector generated some $2.2 billion in 2013.
FNM denies trying to undermine BOB
The Free National Movement’s (FNM) deputy leader yesterday denied claims that the Opposition was effectively trying to drive Bank of the Bahamas (BOB) into insolvency, arguing that “the time has come” for the Government to get out of the banking sector.
Atlantis in 166% ‘free publicity’ battle boost
The ‘Battle 4 Atlantis’ basketball tournament generated more than $102 million worth of ‘free publicity’ for both the resort and wider Bahamas, its top executive yesterday revealing this was a 165.8 per cent year-over-year improvement.
New Gov’t bond: $42.5m coming to market next week
A leading investment banker yesterday expressed confidence that the second $42.5 million block of new government securities will be “fully subscribed” following next week’s launch, with the first tranche set for an imminent Bahamas International Securities Exchange (BISX) listing.
