S&P criticises Gov’t for energy reform ‘inaction’
Standard & Poor’s (S&P) yesterday criticised the Government for taking “little action” to-date on essential energy reform, warning that this was imposing increasing “pressures” on the private sector via high costs and blackouts.
Auto dealer in 20-25% pre-VAT sales increase
A Bahamian auto dealer said yesterday that it had seen a 20-25 per cent “ramp-up” in sales from a pre-Value-Added Tax (VAT) rush, describing it as the “feast before the famine” in anticipation of a slow down for the 2015 first half.
New Gov't security in 500-1,000 investor goal
An investment bank president yesterday expressed optimism that subscribers to government debt offerings could eventually number 500-1,000, matching the number of investors who traditionally buy into equity issues.
Securing the future by proper regulation
The need for a well-regulated private security industry seems to be self-evident. Yet the fact that the Bahamas is one of the leading Caribbean countries without a regulatory system in place for private security firms is distressing to say the least.
‘Shortest-ever’ offer set to hit $75m target
The Bahamian capital markets’ “shortest-ever offering” was headed towards full $75 million subscription just before Friday’s business close, its lead arranger revealing it had “most probably exceeded” expectations.
‘Bigger picture’ stops Baha Mar breach action
The hotel union has not filed a trade dispute against Baha Mar, despite the recent 190 Crystal Palace lay-offs seemingly breaching their industrial agreement, because it is focused on “the bigger picture” of getting those workers reemployed by the resort owner.
Retailers: Gov’t ‘could not pick worse’ VAT start
BAHAMIAN merchants are “stretched like never before” in having to prepare for both the Christmas shopping season and Value-Added Tax (VAT) implementation, the Bahamas Federation of Retailers’ (BFR) co-chair describing January 1 as “literally the worst date on the calendar” to introduce tax reform.
Bahamas embraces 'all enemies' of smooth VAT implementation
The Bahamas has embraced “all the enemies” of a smooth Value-Added Tax (VAT) implementation, a top QC warning that the Government’s failure to provide consistent, clear answers was helping to foster “negative” public attitudes.
BEC generation plant availablity 'just 65%'
The Bahamas Electricity Corporation’s (BEC) generation turbines at Clifton Pier have just “65 per cent availability”, meaning that out of every 10 attempts to start they fail three-four times.
Football bowl to give mass exposure
More than 110 million eyes are expected to be on the Bahamas come Christmas Eve as college football teams the Western Kentucky University (WSU) Hilltoppers and the Central Michigan University (CMU) Chippewas faceoff in the first ever Popeyes Bahamas Bowl at the Thomas A. Robinson National Stadium.
The Bahamas enjoys 30% Caribbean travel growth
By NATARIO McKENZIE
BISX-listed fund 'bit disappointed' on tenant search
By NEIL HARTNELL
Cable opens new flagship location
Cable Bahamas opened its new flagship Mall at Marathon on Saturday, which at 5,000 square feet is more than triple the size of its previous location.
Abaco Club has 'everything that money can't buy'
A luxury residential resort developer believes its Abaco acquisition has “everything money can’t buy”, as it moves to realise on the property’s original vision.
Baha Mar signs deal over sports gaming
CG Technology, formerly Cantor Gaming, has signed an agreement to provide a mobile sports wagering system to Baha Mar’s $3.5 billion resort. It will also provide risk management consulting services to Baha Mar.
