Nygard accuses Bacon of ‘end run around’ Bahamian courts
Peter Nygard has accused his arch enemy, Louis Bacon, of performing an “end-run around” the Bahamian judicial system by attempting to access more than 1,000 hours of allegedly incriminating video footage via the New York courts.
BEC ‘always at brink’ over fuel payment
The Bahamas Electricity Corporation (BEC) always takes its fuel payments “right to the brink”, a well-known businessman arguing that a $30 million investment in pre-paid meters would help solve its cash flow woes.
Banks’ ‘aggressive lending’ helped fuel $1bn in bad loans
“Aggressive lending practices” by Bahamian commercial banks pre-recession has been cited by Moody’s as one factor behind “chronically high” non-performing loans totalling $1.028 billion at end-July 2014.
Gov’t confirms bond lodging VAT change
A top Ministry of Finance official has confirmed the Government amended a controversial section in the Value-Added Tax (VAT) Bill to allow non-Bahamians temporarily entering the country for business to cover their tax liabilities by lodging a bond.
BEC fuel bill woe ‘very disconcerting’
The Bahamas Electricity Corporation’s (BEC) potential fuel supply fuel woes are “very disconcerting” to the private sector, a leading executive saying the monopoly energy supplier should never be in such a precarious situation.
RICHARD COULSON: The curse of broken promises
On Mexico’s 100th Independence Day in September 1910, the 80-year-old president staged a splendiferous celebration of 34 years of iron-fisted rule, secure in the belief that his party would remain in power. Yet eight months later they were rejected, he was forced into exile, and within three years Mexico was plunged into bloody revolutionary anarchy that, by 1920, utterly transformed the nation’s economic, social and political structure.
Canada’s crime warning reinforces tourism fears
The upgraded travel warning on “high rates of crime” in the Bahamas, issued by this nation’s fastest-growing tourism market, yesterday reinforced the industry’s fears about the immense potential damage the recent surge in violence could cause.
AML targeting full year '12 cent' dividend yield
AML Foods believes it will generate a full-year dividend yield of $0.11-$0.12 per share, after it yesterday unveiled an almost 10-fold year-over-year net income increase for its second quarter.
Gov't yet to keep Freeport tax roll back promises
The Government has yet to keep its promise to completely roll back the 2013-2014 Budget tax/fee increases imposed on Freeport, with the city’s private sector still “living at the whim of the Government”
Businesses 'on their own' in VAT readiness
Bahamian businesses are “on their own” in preparing for Value-Added Tax (VAT), the head of a BISX-listed retail group yesterday suggesting there was no appreciation for the massive overnight re-pricing challenge facing his sector.
Finlaysons ‘seeking’ Solomon’s Mines sale
Solomon’s Mines owner yesterday confirmed it was “definitely” seeking to sell the luxury goods retailer, with several potential buyers understood to be competing for the acquisition.
Bahamas promoted at regional conference
The Bahamas’ commercial ties to Latin America were underlined on September 4 at the Society of Trust and Estate Practitioners (STEP) Latin American conference in Mexico City.
Law firm stages 10th legal clinic
The Halsbury Chambers law firm will hosts its 10th annual Free Legal Clinic, under the theme ‘Information You Need for the Life You Want’ this Saturday at its Village Road offices between 9am and 3pm.
Overcoming workplace generation differences
Much has been written on the behavioural tendencies of the different generations in the workplace.
Freeport services VAT's 'checks and balances'
Despite criticism that the Government’s plan to levy Value-Added Tax (VAT) on services transactions between Grand Bahama Port Authority (GBPA) licensees would likely generate zero revenue for the Public Treasury, a senior finance official yesterday suggested the move was more about “checks and balances”.
