Long-lasting benefits promised by SME Act
Small and Medium-Sized Enterprises (SMEs) in the Bahamas will soon be able to compete globally because public and private executives have crafted the Bahamas Small & Medium-Sized Development Act (SME Act). The SME Act is likely to be legislated during the 2015 first quarter, and will stimulate economic growth while also mitigating the negative impact of future recessions on the Bahamian economy.
Gov't take grows if Port gains shipping exclusivity
The Government’s revenue intake from the Nassau Container Port (NCP) could increase significantly if it becomes New Providence’s sole cargo port, its chief executive believes.
'No return' from Port's $250m property tax break
The Government was yesterday estimated to have “foregone” up to $250 million in real property tax revenues from Freeport over the past decade, a top accountant urging that there be “no blanket roll over” of the investment incentives expiring in 2015.
Harajchi creditors to 'soon' get first 10% dividend payout
Creditors of Mohammed Harajchi’s long-defunct Suisse Security Bank & Trust will “soon” receive their first payout, equivalent to 10 per cent of their total claim, following two key Supreme Court decisions.
Bahamas is warned: Don't let sovereign investors 'own us'
The Bahamas was yesterday warned to guard against extensive sovereign-controlled investments that could allow other countries to “own us”.
VAT 'cart before horse' with no Central Revenue
The Opposition’s finance spokesman yesterday questioned whether the Government was “putting the cart before the horse” in failing to establish the long-promised Central Revenue Agency (CRA) before implementing Value-Added Tax (VAT).
Bahamians 'own $28m' in unclaimed foreign assets
Some 4,500 Bahamian companies and individuals may collectively own “around $28 million” in unclaimed foreign assets, a local recovery specialist yesterday suggesting these figures were only likely to increase.
MARKETING REVOLUTION: The personal touch helps retain clients
One of my aunts was telling me that she would go to the hairdresser every week for years, and spend up to $100 each time. Then she retired and went less frequently, and finally stopped going altogether.
Portfolio manager passes the Series 7
A SYZ & Company Bank & Trust portfolio manager has passed the Series 7 general securities exam abroad after training with the Nassau-based Nastac Group.
Fast food giant to sponsor Bahamas Bowl
Atlanta-based fast food giant, Popeyes, will be the official sponsor of The Bahamas Bowl football game.
Breaking down Freeport's property tax concessions
I’ve read with interest the views of the two sides representing, on one end, those seeking an extension to the tax concessions provided under the Hawksbill Creek Agreement (HCA), which are due to expire in August 2015, and those that are generally calling for the tax concessions to be done away with upon expiration.
Gov't has 'waited long enough' on South Ocean
The Government yesterday said it had “waited long enough” for the owner of New Providence’s still-closed South Ocean resort to find a buyer, amid reports that negotiations with the preferred purchaser had broken down.
Bind 'inevitable' VAT rate rise to duty cuts
“Inevitable” increases in the Value-Added Tax (VAT) rate must be tied to corresponding import duty reductions to protect the private sector and consumers, a leading businessman warning the Government could not be given “a blank cheque” on fiscal reform.
Hilton's owners awaiting Chinese state firm's bid
The British Colonial Hilton’s owners were yesterday said to be awaiting a formal purchase offer for the resort from the Chinese-state owned construction company currently building Baha Mar’s $2.6 billion expansion.
Bahamian ICON set to 'double funds business'
The Bahamas was yesterday aiming “to at least double” its registered investment funds business through an ‘ICON-ic’ product’s launch, plus steal market share from rival international financial centres (IFCs).
