$200m capital raising anticipated for 2015
A leading investment banker yesterday predicted that “close to $200 million” in new capital raisings will come to market in 2015, with the year set to be “one of the busiest” in recent history.
Starbucks closures: No income loss for 45 staff
The 45 Starbucks (Bahamas) employees impacted by the closure of four stores will not suffer any loss of income, it was revealed yesterday, as its operator bids to re-open them all by week’s end.
Investor questions BoB web shop lending 'link'
An irate Bank of the Bahamas shareholder yesterday questioned why it is seemingly “comfortable” lending money to buyers in a real estate project that has links to the web shop industry.
'Let chips fall where they may' over BEC bribe
A former Bahamas Electricity Corporation (BEC) chairman has called for “the chips to fall where they may” in any investigation into claims that a government official received a $300,000 bribe to help win a contract with the energy monopoly.
'No time' to repair VAT unity
Super Value’s owner says he is “more satisfied” heading into Value-Added Tax (VAT) implementation following last week’s meeting between the Government and private sector, but suggested there was too little time to repair the “disunity”.
Making the case to arm private security guards
By Gaylord Taylor
Bahamas Bowl generates $9.6m marketing boost
By NATARIO McKENZIE
Sunwing in ‘lease to own’ talks over Grand Lucayan
The Government will give its “full support” to whatever deal is reached between Sunwing and Hutchison Whampoa over the Grand Lucayan, the Minister of Tourism confirming talks between the two had moved to a “lease to own” arrangement.
Three days left, just ‘half’ VAT Rules published
The Government has yet to publish “half” its Value-Added Tax (VAT) Rules with less than three days to go before its new tax regime is implemented, Tribune Business can reveal.
Bahamas ‘let slip’ top quality image
The Bahamas must “significantly improve” its service quality to regain its position as a leading tourism destination, a Cabinet Minister conceding that it had “let slip” its top-notch reputation.
AML ‘not where we want’ despite $1.22m rebound
AML Foods is “not where we want to be” on third quarter profitability despite enjoying a $1.22 million swing into the black, with the post-Back to School recovery in consumer spending taking longer each year.
Gov’t to ‘clarify’ VAT communications
The Government has agreed to “clarify” Value-Added Tax (VAT) communications previously slammed as misleading by retailers, in a bid to avoid stoking tensions between the two sides and consumers.
Confusion over VAT Comptroller persists
Uncertainty continues to surround the appointment of the Value-Added Tax (VAT) Comptroller, amid concerns that the current arrangement may result in the incumbent having “conflicting” roles.
Gov’t urged: Make case on VAT pricing
The private sector has urged the Government to “make the case” for VAT ‘inclusive’ pricing, the Tax Coalition’s chairman warning that “competitiveness” lay at the heart of the business community’s counter-argument.
Gov’t deficit grows 56% to strike $151m
The Government’s fiscal deficit “deteriorated” by 56 per cent during the first quarter of its 2014-2015 financial year, growing by $54.1 million to hit $151 million.
