Consolidated in $18m annual Bahamas spend
BISX-listed Consolidated Water says its operations inject $18 million annually into the Bahamian economy.
Financiers also responsible for Bahamian fiscal crisis
Many Bahamians are blaming the Government for perceived corruption and illicit laundering of borrowed funds in various loss-making enterprises.
Union leader: Apply dispute resolution to labour cases
A Bahamian trade union leader yesterday said he backed alternative dispute resolution (ADR) “100 per cent” as a mechanism for resolving industrial conflicts.
Commission signs 24th Europe fund agreement
The Securities Commission has signed a Memorandum of Understanding (MoU) under the Alternative Investment Fund Managers Directive (AIFMD) with its French counterpart, the Autorit� des March�s Financiers (AMF).
'High fraud risk' as $108m taxes still due
The Government failed to collect almost $108 million in due real property taxes during the 2011-2012 Budget period, a sum equivalent to almost 25 per cent of that year’s fiscal deficit.
Income tax 'on horizon' within next 10 years
A Tax Coalition co-chair yesterday said he believes a Bahamian income tax will be “the subject of great discussion, if not already on the books”, within a decade due to it being the only equitable reform option.
'Huge change' to VAT on tourism
The Government’s decision not to levy Value-Added Tax (VAT) on gross overseas sales and gratuities was yesterday branded “a huge change” that will ensure tourists are not directed away from the Bahamas.
Gov't oil regime 'unblocks logjam'
The Government’s plan to bring the new Petroleum Act and accompanying regulations to Parliament next month was yesterday hailed as the first step in “unblocking a logjam” to multi-million dollar oil exploration investments.
'Concern' over Treasury's $20m in bad cheques
The Public Treasury has been urged to get a grip on $20 million worth of “dishonoured cheques”, with the Auditor General calling on these to be provided for as ‘doubtful accounts’.
Hutchison manager passes Canadian compliance exam
A manager at the Hutchison Group of Companies in Grand Bahama, Kimberley Knowles, has passed the Canadian Chief Compliance Officer qualifying exam after studying with the Securities Training Institute’s (STI) on-line programme.
ART OF GRAPHIX: The site to fit the type
The Internet has forever changed the way we do business. Businesses are networking better than they ever could before due to social networking sites.
Property buyers urged: Close deals before Jan 1
HOME and property buyers who are can close their transactions prior to January 1 should seek to do so, a leading housing developer urged yesterday, as there would be a “big difference” between closing costs before and after Value-Added Tax (VAT) implementation.
Anti-money launder assessment to take six-eight months
AN assessment of this nation’s anti-money laundering and terrorism financing defences is expected to take six to eight months, the Compliance Commission’s inspector yesterday saying it would assess the ‘real’ rather than perceived risk of such activities in the Bahamas.
Gov't 'putting money where mouth is' over financial regulation
The Government is prepared to “put its money where its mouth is” to ensure compliance with global anti-money laundering and terrorism financing standards, the Attorney General said yesterday.
Business plans must account for pandemic
When I was first introduced to business continuity in the early 2000s, the ‘buzz word’ was the H1N1/H5N1/avian influenza better known as the bird flu. Many major global players, such as Toyota and Sony, were beginning to develop and test response plans for this contagious event.
