BEC field is narrowed; no preferred bidders
The Government’s advisers will today announce that the bidding field for the Bahamas Electricity Corporation (BEC) restructuring has been narrowed further, although no winners have yet been selected.
$30m 'SPV bond' eyed for CLICO resolution
The Government is exploring whether it can raise the ‘guarantee’ vital to moving CLICO (Bahamas) liquidation forward via a $30 million ‘off-balance sheet’ bond issue, Tribune Business can reveal.
VAT rate will 'double' with poor compliance
A Tax Coalition co-chair yesterday said the Government “desperately” needed to release its Value-Added Tax (VAT) education curriculum and modules, warning that this was vital to “maximise compliance” immediately the new tax kicked in.
Gov't 'finalising' deal approval for Port Lucaya Market
The Government was last night “finalising” approvals for a UK investor to acquire Freeport’s Port Lucaya Marketplace from a Grand Bahama Port Authority (GBPA) affiliate, Tribune Business can reveal.
Web shop legalisation to need more regulators
Tourism Minister Obie Wilchcombe said yesterday that web shop legalisation would “absolutely” create additional Gaming Board jobs, adding that training for gaming inspectors would start immediately after Bill passed the House of Assembly.
Fishermen 'take a beating' from increase in poaching
BAHAMIAN fishermen yesterday urged the Government to make public its Memorandum of Understandings (MOU’s) with the Dominican Republic, claiming that the number of Dominican fishing vessels spotted poaching in Bahamian waters in the past seven months has eclipsed sightings in past years.
Web shop licences, tax rate may alter on audit
A Cabinet minister yesterday indicated the Government has yet to decide how many web shops will be granted licences to operate legally, despite previous indications this number had been set.
MARKETING REVOLUTION: Don't copy big boys on marketing plans
Getting people to talk about what product or service you are providing is called “creating buzz”.
BOSS calling BTC into line on 20% sales fall
A well-known retailer yesterday blasted the Bahamas Telecommunications Company (BTC) for phone line woes that slashed sales in key product lines by up to 20 per cent during its “Christmas season” equivalent.
Gov't at odds with Freeport over 'VAT on services' plan
The Government last night appeared to be on course for another collision with Freeport’s business community over its plan to levy Value-Added Tax (VAT) on services transactions between Grand Bahama Port Authority (GBPA) licensees.
Cavalier takes $5.5m PHA dispute to arbitration
Cavalier Construction yesterday said it had given “formal legal notice” to the Public Hospitals Authority (PHA) that it was taking their $5.5 million dispute to arbitration, accusing it of being “disingenuous” in demanding that the contractor ‘prove its claim’.
Cellular bidder promises IPO to local investors
A likely bidder for the second cellular phone licence yesterday pledged it would offer shares in the company to Bahamian investors via an initial public offering (IPO) should it prove successful.
VAT forces dry cleaner switch to prepayment
A Bahamian dry cleaning chain yesterday said Value-Added Tax (VAT) will force it to move to a prepayment system, as it urged other businesses to start preparations and “not wait until January to figure it out”.
Gov't protects duty free retail from VAT
The Government has confirmed it will protect the Bahamas’ duty-free retail sector from Value-Added Tax (VAT) via a ‘tax free goods scheme’, which will enable bona fide tourists to recover the tax at the point of sale.
Broker targets 'fresh start' for debt-burdened Bahamians
A newly-established brokerage firm yesterday said it was aiming to assist debt-burdened Bahamians with a “fresh start”, offering a range of financial solutions for mortgages, debt consolidations and financial restructuring.
