‘Delay Parliament recess to pass VAT’
A Tax Coalition co-chair yesterday called for Parliament to delay or cut its standard summer recess to ensure the Value-Added Tax (VAT) Bill and accompanying regulations are passed, stating: “We really need to get going”.
‘Contract cronyism’ cited on contractor bill delay
A well-known contractor yesterday suggested Bahamian politicians did not want to pass legislation to regulate the industry because it would prevent them “giving out contracts to cronies”.
Dry cleaner in downsize fear
A Bahamian dry cleaning chain says that to remain “viable” it may have to look at laying-off some of its 114 employees in the next “three to six months” if sales continue to decline at June’s pace.
VAT education stalled over Cabinet sign-off
The Ministry of Finance is aiming to kick-off a renewed Value-Added Tax (VAT) education campaign this month, but is still waiting for the Christie Cabinet to approve the revised Bill and regulations.
Bank appraisals: Realtor chief on 'pins and needles' over Gov't reply
The Bahamas Real Estate Association’s (BREA) president was yesterday “on pins and needles” over sought-after Government responses that will determine the next move over the controversial appraisal system being pushed by two Canadian-owned banks.
Gov't targeting $5m landfill profit share
The Government told Bahamian providers it will earn $5 million per annum from the recycled products manufacturing joint venture at the New Providence landfill, although it still “seemingly can’t explain” the deal with Renew Bahamas.
Gov't urged: 'Don't lose eyes on small business present'
The Government was yesterday urged “not to lose eyes for the prize” in reinvigorating the Bahamian small and medium-sized business sector, a well-known consultant disclosing that long-awaited reforms were likely to be implemented in the New Year.
Bahamas welcomes new CHTA president
The Caribbean Hotel and Tourism Association (CHTA)’s presiden for the next two years has been welcomed into his new role by Suzanne Pattusch, executive vice-president of the Bahamas Hotel and Tourism Association.
Realtor launch at $6.5m open house
Numerous executives and professionals attended the official launch of Sterling Bahamas Realty (SBR) at a $6.5 million Ocean Club Estates residence that is listed exclusively by the young firm.
Bahamas pushes Chinese tourism
A strong Bahamian contingent attended the annual trade summit for outbound Chinese tourism.
Physical Planning in low survey ranking
The Department of Physical Planning has received the lowest rating of all companies and agencies surveyed by a newly-launched Bahamian information services company.
Bimini Bay facing homeowners revolt
The Bimini Bay Resort is facing a homeowners revolt in the Supreme Court, with multiple purchasers voicing concerns over how their properties and multi-million dollar maintenance fee sums are being managed.
Free mid-management Immigration policy to aid 55% unskilled
The Bahamas must liberalise Immigration policy towards upper and middle management posts to generate the economic growth necessary to create jobs for its 55 per cent “unskilled” school leavers.
Gov't seeks $100m 'bridge financing'
The Government has hired CIBC FirstCaribbean to raise a $100 million “bridge financing” facility for it, with an initial interest coupon some 160 basis points below the Prime lending rate.
Ex-Saveco building for sale
The former Sawyer’s Fresh Market and Saveco property in Nassau Village is up for sale with buyers actively being sought, Tribune Business confirmed last night.
