Cable invests $3m with eye on mobile
Cable Bahamas has invested $3 million to upgrade service quality on its fixed-line REVOICE network.
Tile King showcases latest product range
Tile King held a two-day seminar and certification course for the construction industry this week to introduce its new Wedi Systems product to the Bahamas.
BISX listee's main owner 'fears' for $4-5m stake
Liquidators for a collapsed $471 million fund structure yesterday said they were “very concerned” about continued losses that are undermining the value of a $4-$5 million equity stake in a BISX-listed company, which they are attempting to “monetise”.
VAT to produce 'positive' private sector shake-out
Value-Added Tax (VAT) will create a “positive shake-out” in the Bahamian private sector, the Tax Coalition’s chairman yesterday suggesting it would help to eliminate “corrupt and unethical business owners”.
Top QC: Freeport 'can't be family feudal preserve'
A prominent QC has backed an alternative route to “devolution” of the Grand Bahama Port Authority’s (GBPA) quasi-governmental powers, while agreeing that Freeport should not be “the feudal preserve of two families”.
Food retailer: 'I've been to the grave and back'
A major food retail/wholesale operator yesterday vowed to survive despite having to cut some employees’ hours, telling this newspaper: “I’ve already been to the grave and back”.
Bahamas Waste: 'Big concerns' over VAT's receivables impact
Bahamas Waste yesterday said it was taking “a wait and see “ approach to Value-Added Tax (VAT), with its “biggest concerns” centred on its $2 million-plus receivables and fears it may have to ‘carry’ non-paying customers.
Entrepreneurs given eight keys to success
New and existing entrepreneurs and business owners participated in the Entrepreneur Empowerment Workshop, hosted by Mark A. Turnquest and The Small Business Resource Centre, on November 8.
Chamber unveils its energy forum
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) will next Wednesday host the Bahamas Energy Security Forum 2014 at the British Colonial Hilton Hotel.
MARKETING REVOLUTION: Giving 'what', not 'how' can create big pay-off
I do not follow the motto that “you get what you pay for”. I think one of the problems that many businesses face is that they charge before they give value. For example, I am in the consulting business. One of the best things about writing this column is when people stop me and ask me for advice on business or marketing, or an idea that they have. I view this as a great opportunity for themselves and me.
LETTER TO THE BUSINESS EDITOR: A taxpayer gift to private shareholders
Years of poor management, poor lending discipline and politically-related loans have led Bank of the Bahamas (BoB) to a loan book where 39 per cent ent of total credit was non-accrual (impaired) at June 30, 2014. No, that was not a typo, 39 per cent. For perspective, a non-accrual ratio of 3 per cent or less is considered healthy, and Commonwealth Bank had a respectable 4 per cent ratio at year-end.
VAT unlikely to replace Stamp Duty for 2-3 years
A leading realtor believes the Government is unlikely to replace Stamp Duty on property transactions with Value-Added Tax (VAT) for two-three years, giving it time to assess the latter’s revenue performance.
'Iconic' retailer mulling closure
An “iconic” 92 year-old Palmdale-based furniture retailer yesterday revealed it was assessing the “possibility” of closing down by year-end, causing the potential loss of 20 jobs.
Baha Mar lay-offs show how Bahamian worker 'compromised'
Baha Mar’s recent 190 lay-offs show how Bahamian workers have been “seriously compromised”, a union leader last night using the episode to slam his own, as well as the Government and foreign developers.
Commercial real estate VAT change 'a minor victory'
The Bahamas Real Estate Association’s (BREA) president yesterday hailed the Government’s u-turn on commercial property Value-Added Tax (VAT) as “a small victory”, and expressed hope it would listen to the industry’s other tax reform concerns.
