Gov't 'unable' to halt ease of doing business slippage
The Bahamas may need to completely restructure the way it does business to “stop the slippage” in the World Bank’s Ease of Doing Business rankings, amid concerns the Government is incapable of solving the problem.
Mobile contenders wish auction start occurred 'yesterday'
Bahamas-based contenders for the nation’s second cellular licence wish the bidding process had begun “yesterday”, adding that they will be “quicker on the draw” and could launch services before 2016.
BOB's focus on retail services to return to profit
BANK of the Bahamas (BOB) managing director Paul McWeeney has announced the embattled bank will “curtail” its commercial lending business with an increased focus on its retail and electronic banking offerings.
Wind, solar and water cooling schemes considered in reducing energy costs
THE cost of energy to domestic consumers and investors is “the most significant challenge” facing the Bahamas, Prime Minister Perry Christie acknowledged recently, stating that the government was sorting through several renewable energy proposals by major investors in the country.
Halkitis backs Resolve to collect Outstanding debts
By NATARIO McKENZIE
Taxpayers on hook over Bahamas Bowl
The taxpayer faces having to pay hundreds of thousands of dollars to subsidise the upcoming Bahamas Bowl football game, after the Government effectively gave away potential multi-million dollar revenue streams to the game’s organisers.
Just 7.5% of VAT collecting firms register to-date
The Government yesterday said it was preparing to “use all the tools in our arsenal” to drive Value-Added Tax (VAT) registration, with just 7.5 per cent of the estimated 4,000 mandatory registrants having submitted applications to-date.
'Exclude' renewable energies from VAT
The Government has been urged to “exclude” renewable energy devices from Value-Added Tax (VAT), a leading sector provider suggesting this would incentivise their use and match existing tax policy.
Bahamas 'got everything needed' on tax exchange
The Bahamas “got everything we wanted” from this week’s OECD Global Forum meeting, with its stance on how the automatic exchange of tax information should be implemented accepted by the international community.
Stock market maintains slow, steady recovery
The Bahamian stock market maintained its slow but steady recovery through to end-September 2014, with the exchange’s All-Share Index up 7.44 per cent for the year.
'Something wrong' with construction ease fall
A leading contractor yesterday said it was “disturbing” that this nation had dropped 17 spots to 92nd in the world when it came to processing construction permits, telling Tribune Business: “Something is wrong with that picture”.
Tourism honoured with four stamps
The Ministry of Tourism (MOT), in conjunction with the Bahamas Philatelic Bureau General Post Office, this week unveiled four commemorative stamps in honour of its 50th anniversary. \
Don't leave workplace competence to chance
A ‘workplace competency’ is the description of a required skill, feature or behaviour for a specific job, and is used to define and measure an individual’s effectiveness.
BEC bills won't show 25% oil price decline
Hard-pressed Bahamian energy consumers will not reap the benefits from a 25 per cent drop in global oil prices because BEC’s fuel supplier has it “by the balls” over its $130 million debt.
Auto dealers fear VAT 'perfect storm'
Bahamian auto dealers yesterday said they feared Value-Added Tax (VAT) would combine with a flat economy to create “another perfect storm”, with new car sales still 45 per cent below their 2007 peak.
