Gov't approves Ocean Club deal
The Prime Minister yesterday confirmed that Access Industries, the conglomerate controlled by Ukrainian-born billionaire Len Blavatnik, had received government approval to acquire Paradise Island’s One & Only Ocean Club.
Web shop taxation to be 'retroactive'
THE Christie administration is setting a “dangerous precedent” by effectively overruling the decision of the Bahamian people and forging ahead with legalisation and regulation of web shops, the FNM Opposition charged yesterday.
PM rejects fiscal rule with automatic VAT rise
Prime Minister Perry Christie yesterday said he rejected advice from the Government’s consultants to introduce “a permanent fiscal rule” requiring an increase in the Value-Added Tax (VAT) rate if debt targets were missed.
Gov't projects more gradual deficit drop
The Government is forecasting a more gradual reduction in its Budgetary financing gap as a result of the restructured Value-Added Tax (VAT), and will not eliminate its total GFS deficit by the 2015-2016 fiscal year as originally projected.
Tourism's soft 2013 was 'not unexpected'
TOURISM MInister Obie Wilchcombe said yesterday that the “softness” in tourism activity in 2013 was expected, with this nation already seeing an uptick in activity highlighted by its “best April” in roughly six years.
Airlines 'ecstatic' over fee 'significant retreat'
COMMERCIAL airlines were “ecstatic” yesterday over the Government’s decision to eliminate the $75 processing fee and significantly reduce the Customs attendance fees, a senior executive adding that the Government ultimately stands to collect more from the $4 departure tax increase .
ART OF GRAPHIX - Designing your ad for maximum effect
As a proud Bahamian I cannot begin without congratulating the Local Organising Committee, Minster Danny Johnson and his Ministry, the athletes and everyone else who contributed to making the IAAF World Relays a success. Well done, and it was a testament to teamwork and collaboration.
Abaco Club owners team with Cat Island developer for deal
PRIME Minister Perry Christie revealed yesterday that the sale of the Abaco Club at Winding Bay was expected to close this summer upon completion of a new Heads of Agreement (HOA) with the buyer.
Auto chief urges Business Licence levy 'roll back'
The Bahamas Motor Dealers Association’s (BMDA) president yesterday urged the Government to “roll back” Business Licence fees to the pre-2010 rate of 0.5 per cent, disclosing that his group had to “scrape together” $500,000 to cover this year’s increase.
Gov't admits lawyers ordered Bimini dredge permit's production
A senior official has effectively admitted that the Government was told by its attorneys to issue the contested Bimini dredging permit because it was essential to combat the legal challenge to the Resorts World cruise terminal project.
February Point eyes further 120-14 hires
Exuma’s February Point project is aiming to hire a further 120-140 persons when construction work ramps up within the next two months, its owners yesterday telling Tribune Business the project was “moving a little faster than we anticipated”.
Cable's $114.5m sets 'Markets milestone'
Exuma’s February Point project is aiming to hire a further 120-140 persons when construction work ramps up within the next two months, its owners yesterday telling Tribune Business the project was “moving a little faster than we anticipated”.
Baha Mar gets over 14,000 job requests
BAHA MAR said yesterday that it has received more than 14,000 job applications to-date, a senior executive noting that up to 700 hires would come from its Leadership Development Institute (LDI) initiative.
Satellite, Internet nocheck on Cable prices
Satellite TV and Internet streaming “are not effective substitutes” for Cable Bahamas’ TV service, a survey finding less than 10 per cent would switch to then if the BISX-listed provider increased prices 5-10 per cent.
Developer halts work to guard historic site
An Abaco-based activist group says the Treasure Sands developer has agreed to stop clearing land on property that may be the remains of Carleton, the first Loyalist settlement in Abaco.
