Hotel union’s strike vote ‘green light’
Hotel union executives last night said a Supreme Court justice had effectively cleared the way for it to take a strike vote tomorrow over its gratuity dispute with the Melia Nassau Beach Resort.
Fiscal rule ‘urgent’, says GB Chamber chief
The Grand Bahama Chamber of Commerce’s president has backed calls for this nation to urgently impose a ‘fiscal rule’, arguing that it would hold the Government accountable and prevent unchecked “spending sprees”.
Chamber licensing takeover to boost tax compliance
Tax compliance will greatly improve if the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is authorised to become the sole business registration centre, its chairman believes.
VAT registrants beat projections by 21%
Value-Added Tax (VAT) registrants have exceeded the Ministry of Finance’s projections by 21.1 per cent to-date, with more businesses continuing to apply.
SEC blasts broker’s ‘intent to conceal’
A Bahamian broker/dealer’s lawsuit against the Securities Commission proves its “stubborn intent to hide” thousands of documents relevant to a New York court battle, US federal regulators are alleging.
VAT Czar: Gov’t ‘must live up to refund pledges’
A top official yesterday acknowledged it was vital for the Government to “live up to its promises” on Value-Added Tax (VAT) refunds to further solidify private sector confidence in the new tax regime.
‘Unreasonable’ to match VAT and price increases
Businesses should not have timed price increases to coincide with Value-Added Tax’s (VAT) implementation, its Comptroller said yesterday.
Union blasts BEC overhaul waste
The Bahamas Electricity Corporation (BEC) was yesterday accused of wasting money on generation maintenance, paying $10 million per overhaul to outside contractors when it could be done cheaper internally.
Sir Jack’s passing: QC urges Port unity
A well-known QC yesterday urged the late Sir Jack Hayward’s family to work closely with their St George counterparts to further develop Freeport, amid suggestions of “ownership issues” with the former co-chairman’s estate.
Melia gratuity dispute 'can't go on forever'
TOURISM Minister Obie Wilchcombe yesterday urged the Melia Nassau Beach Resort and hotel union to resolve their ongoing gratuity dispute, adding: “This can’t go on for ever.”
Sir Jack ‘true nation builder’
Sir Jack Hayward would only have sold his family’s 50 per cent Grand Bahama Port Authority (GBPA) stake to someone who could match his deep “passion and love” for the island, Tribune Business was told yesterday.
Baha Mar backs China airlift study
Baha Mar executives yesterday welcomed moves by a leading Chinese carrier to conduct feasibility studies on charter flights from China to the Bahamas, with the $3.5 billion resortis “strategically positioned” to capitalise on that market.
Bahamian bank sued on $8.7m ‘total loss’
Investors are suing a Bahamian bank and trust company over the “total loss” of their collective $8.7 million investment, while also alleging that it misled the Securities Commission.
Freeport seeks answers over tax roll-back
Freeport businesses are asking the Supreme Court to order that the Government clarify its position on the 2013-2014 Budget tax/fee increases imposed on the city, and whether these have been rolled-back fully or in part.
Jobless rise ‘warning signal’ to the Gov’t
An outspoken businessman believes November’s increased unemployment figures are proof the Government’s economic policies are not working, as he asked: “Who wants to open a business in the Bahamas now?”
