Bank bracing for short term VAT default 'spike'
Commonwealth Bank’s president said yesterday it anticipates a short-term spike in delinquencies when Value-Added Tax (VAT) is implemented on January 1, having estimated the previous model would have increased its own annual costs by $4 million.
Broker blasts SEC's 'fraud' re-pleading
A Bahamian broker/dealer has blasted attempts by US regulators to re-plead previously dismissed fraud allegations against, arguing that its “boilerplate claims” would only create “a pointless burden and expense” for all.
Bank in card link up with MasterCard
MORE than 25 years after Commonwealth Bank introduced SunCard as the first Bahamian dollar credit card, it yesterday announced it will marry the brand with the strength and loyalty programmes of MasterCard.
Law firm sponsors regional conference
Higgs & Johnson was a luncheon sponsor of the 2014 Society of Trust and Estate Practitioners (STEP) Caribbean conference held in the Bahamas.
Business owners graduate from capacity building
Upon successful completion of the modules, participants received internationally-recognised ProNet certificates. Pictured from L to R is Kevin Jones, advisor, competitiveness and innovation - CEDA; Garnell Frith, owner of Dollar Deals; and Ian Rolle, GBPA president
Bank in 'cautious optimism' for 2014
Commonwealth Bank executives said yesterday they were “cautiously optimistic” regarding the bank’s performance outlook for the remainder of 2014, after reporting a $13 million profit for the three months ended March 31.
Licensing delays cost Doctors Hosp $1.275m
Licensing and permit delays for its medical tourism programme cost Doctors Hospital $1.275 million in its last financial year, helping to propel it to a collective $261,391 net loss.
Gov't spending cut will 'choke economy to death'
A former finance minister has blasted the private sector for continuing to criticise the Government despite largely getting the Value-Added Tax (VAT) regime it wanted, arguing that many did not understand the fiscal “complexities”.
Striping group '90% there' on $8.25m PPP
The Bahamas Striping group is “90 per cent there” in talks with the Government over an $8.25 million ‘public-funded partnership’ (PFP) for airport and road maintenance throughout the Bahamas.
Lead adviser: Gov't to avoid double taxation
A key Ministry of Finance consultant “suspects” the Government has given itself enough breathing room to deal with the private sector’s post-Budget ‘double taxation’ fears, adding: “We don’t have two shots at this.”
Bank 'prepays' Culinary Team
The 2014 National Culinary Team will be cashless at the Taste of the Caribbean Competition…..but that’s a good thing.
Bahamas FDI inflows fall by some 29%
Foreign direct investment (FDI) inflows into the Bahamas fell by 29 per cent year-over-year in 2013, a United Nations (UN) body has reported.
Four months to 'convince' Gov't on spending cuts
The Tax Coalition has four months to “convince” the Government that commitments to spending curbs are “essential”, a co-chair adding that expenditure increases across 30 ministries do little to inspire confidence.
Agriculture Institute in business incubator
THE Bahamas Agriculture and Marine Science Institute (BAMSI) will create a business incubator to help agricultural producers seeking financing or joint venture opportunities.
Project ahead of construction goal
An eastern New Providence real estate development is “slightly ahead of schedule” on construction of its condominiums, with roof trusses in place before the roof due date.
