Gov’t: Judge ‘misapplied’ law over $8m investment
The Government is arguing that the Supreme Court “misapplied” the provisions of two key Acts, as it moves to overturn the verdict that quashed the permits granted to the $8 million Blackbeard’s Cay project.
Super Value: Inventory ‘run down’ better than virtual warehouse plan
Super Value’s owner yesterday said the supermarket chain would “run down” its inventory as the Value-Added Tax (VAT) transition loomed, as this “suits us better” than the Government’s proposed ‘virtual warehouse’.
VAT register delay blocks access to virtual warehouses
Bahamian companies wanting to exploit the Government’s proposed ‘virtual warehouse’ transition plan will find it almost impossible to do so because Value-Added Tax (VAT) registration has yet to start.
Credit Bureau to stop ‘risky loans’
Bahamian commercial banks issue “more risky loans” because they do not have full information on borrower creditworthiness, the industry regulator last night suggesting this had exacerbated the sector’s $1.028 billion non-performing loans.
‘Renegotiate the Hawksbill Creek and be done with it’
The Government should “completely renegotiate the Hawksbill Creek Agreement and be done with it”, the Opposition ‘s finance spokesman has charged.
MARKETING REVOLUTION: Believe in the value you add
Why is it that people will pay up to 10 times as much for the same product depending on where they buy it?
‘Conflict’ fear over VAT inclusive prices
Super Value’s owner yesterday said the Government's 'inclusive' Value-Added Tax (VAT) pricing system would present " much bigger problems" for retailers, arguing that it would be "impossible" for his company to reprice 35,000 items overnight on New Year’s Eve.
Doctors suffers $1.8m half year reversal into the red
Doctors Hospital has seen a 14.2 per cent second quarter decline in patient days compared to 2013, with net patient revenue falling 7.3 per cent compared to last year's second quarter.
Energy self-generation plan ‘confusion’ worry
The Government was last night warned that its energy self-generation initiative would cause “some confusion” without further clarification, although it was praised for getting renewables “out of the starting blocks”.
Current deficits could ‘challenge peg viability’
The Bahamas’ current account deficits could “challenge the viability” of its 1:1 currency peg to the US dollar unless they are reduced to ‘single digits’ over the next decade.
Accountant: Double VAT ‘light touch’ to one year
A well-known accountant yesterday urged the Government to extend its ‘light touch’ approach to Value-Added Tax (VAT) enforcement to a year, warning that six months was “not enough” given the “draconian” penalties in the law.
Freeport incompatible with ‘aggressive’ VAT
Freeport’s business model is incompatible with the “blunt and aggressive instrument” that is Value-Added Tax (VAT), a senior Grand Bahama Chamber of Commerce executive believes.
Three-year ‘action plans’ to achieve energy objectives
The Government’s newly-released National Energy Policy aims to implement a series of three-year “action plans” to take it towards its goal of having 30 per cent of the Bahamas’ energy needs generated by renewable sources come 2013.
‘Energy emergency’ refloats $150m power plant proposal
An investor group believes it was “beyond time” to re-present its $150 million Floating Power Plant proposal to the Government, and help solve what has become “a true national emergency” in the energy sector.
BEC crisis ‘now nine out of 10’
BEC’s energy crisis is “now at nine out of 10”, with a former minister responsible for the Corporation telling Tribune Business the generator purchases announced last week would do little to ease New Providence’s woes.
