Non-profit seeking partnership to fight 'unbelievable' piracy
Wreck salvagers and other heritage preservers will this week move to form a non-profit organisation that will work with the Government to combat “unbelievable” piracy that threatens a potential multi-million dollar industry.
Gov't impatience grows over South Ocean deal
The Government is growing increasingly impatient with South Ocean’s owner over finalising a preferred bidder for the property, with no formal application yet submitted to the Bahamas Investment Authority (BIA).
‘Valiant effort’ to close BTC deal
The Government and Cable & Wireless Communications (CWC) still have not closed their ‘2 per cent’ deal over the Bahamas Telecommunications Company (BTC), despite making a “very, very valiant effort” to do so last week.
Chamber gets on the move
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) will introduce its ‘Board of Directors on the Move’ initiative on June 18, in a bid to provide more accessibility to its members .
Gaming 'double taxed' if subjected to VAT
A leading accounting firm has warned that casino gaming would be subject to “double taxation” if it was made ‘VAT-able’, undermining the industry’s competitiveness and ability to attract world-class tournaments.
Real estate market 'fair' in first half
NASSAU-based realtors have described activity during the 2014 first half as “fair” and “steady”, with some noting significant activity in the high-end market.
Poultry producer in feed cost challenges
AN Abaco-based poultry producer is still being challenged by high feed costs coming off a “terrible December and January”, calling for the 30 per cent duty on imported poultry to be “tweaked a bit” as it was selling certain portions at a big loss due.
KPMG urges Gov’t: Be ‘more aggressive’ over spending cuts
A leading accounting firm last night urged the Government to “take a much more aggressive approach” to cutting its projected $1.823 billion in public spending, describing the issue as “the elephant in the room”.
$4.1bn pension liability a ‘Titanic-sinking iceberg’
The Government’s unfunded public sector pension liabilities will hit $4.1 billion by 2032 without proper reform, a leading accounting firm yesterday describing this as “unsustainable” and akin to “the iceberg that sank the Titanic”.
KPMG HOPES GOV'T REVENUE PROJECTIONS 'CONSERVATIVE'
Any failure to properly implement Value-Added Tax (VAT) and better collect existing taxes will have a “material” impact on the 2014-2015 Budget, a leading accounting firm yesterday expressing hope that the Government’s revenue projections were “conservative”.
Solomon's Mines owner: No Diamonds Int'l sale
Solomon’s Mines’ owner yesterday denied it was currently seeking to sell the luxury goods retailer to Diamonds International or any other suitor, saying it would let the new management team “do their thing”.
'Domino effect' concerns over minimum wage
The “domino effects” from a minimum wage increase are the private sector’s main concern, a leading executive explaining yesterday that it could result in ‘across-the-board’ salary rise pressures.
Minimum wage rise would impact some hotel staff
THE Bahamas Hotel and Restaurant Employers’ Association (BHEA) said yesterday it would welcome the opportunity to discuss changes to the country’s minimum wage, acknowledging it would have implications for certain categories of workers within the industry.
Trust aiming to 'jump start' nature tourism
CITING the “immense potential” for nature-based tourism in the Bahamas, the National Trust’s (BNT) executive director believes an Inter-American Development Bank (IDB) funded project to promote the sector in Andros and Inagua could ultimately “jump start” the sector throughout the Family Islands.
Cash: Unpaid land bills 'instructive' for VAT
The Free National Movement’s (FNM) chairman yesterday charged that the Government’s multi-million dollar unpaid bill for land it has compulsorily acquired was a good indication of how the Christie administration will treat Value-Added Tax (VAT) credits, warning that businesses should not expect to receive their payments on a timely basis.
