Colina defends 'double book value' CFAL deal
Colina Holdings (Bahamas) yesterday said it paid “a fairly modest multiple” to acquire an affiliate from its majority shareholder, despite the $11.153 million purchase price being more than double CFAL’s net book value.
WTO: 'Delicate balance' required to sustain domestic industries
The Bahamas must strike a “very delicate balance” in ensuring that locally-owned industries and businesses are sustainable under the liberalised rules-based trading regime that the World Trade Organisation (WTO) will usher in, a Cabinet Minister has warned.
Bahamas has one more WTO 'step' to achieve
The Government is not rushing the World Trade Organisation (WTO) accession, a Cabinet Minister stating that the Bahamas had reached the eighth out of nine key steps in the process.
Tropical Shipping is sold for $220m
Tropical Shipping, one of the major carriers serving Nassau and the Bahamas, is being sold for $220 million to a Seattle-based transportation provider.
Downtown retailer in relaunch 'nook'
Almost seven decades after it opened its doors selling pure Irish linens, The Linen Shop is celebrating its re-launch, bringing back to Bay Street the first book store in the downtown area in more than five years.
Timing it right to have faith in the workplace
Many people in our country profess Judeo-Christian beliefs and practices. In fact, we have often dubbed ourselves a Christian nation.
Palm Cay adds 20 jobs with eatery
Palm Cay, the real estate development on New Providence’s southeastern coast, has added 20 jobs through completion of its Marina & Beach Club.
Government 'blackmailing Freeport into development'
A well-known QC yesterday accused the Government of “trying to blackmail Freeport into development” by dangling the prospect of a repeal of the controversial 1 per cent Customs processing fee in front of select investors.
Middle class 'under threat'
The Opposition’s finance spokesman yesterday warned that the Bahamian middle class was “under serious threat” from business downsizing and tax increases, as Scotiabank (Bahamas) became the latest institution to inform impacted staff of its outsourcing plans.
Accountability fear may scupper Gov't financial reforms
A Tax Coalition co-chair has questioned whether the political will exists to improve the quality of government data, due to fears this will “shine a light” on poor spending decisions made in the past.
Triple play provider's purchase has 'no limits'
A Bahamian triple play communications provider last night said it was poised to become “the Caribbean headquarters” for its new majority owner, with local staff numbers increasing to 100 within 12 months of the deal’s closing.
WTO chief: VAT can generate export boost
A top World Trade Organisation (WTO) official yesterday said that replacing Customs duties with Value-Added Tax (VAT) would place the Bahamas on a ‘level playing field’ with its Caribbean neighbours, allowing for the favourable tax treatment of exports.
Make your domain your own
I like the Japanese proverb that says: “Tigers die and leave their skins, while people die and leave their names”. If this is accurate, let’s look at the significance of other name types. I am sure you’d agree that practically everyone, and everything is known, labelled, tagged or remembered by names.
Legal challenge planned to Treasure Sands project
The Save the Bays environmental activist group is supporting the Abaco Defenders over its plans to launch a Judicial Review challenge in the courts to block the Treasure Sands resort development.
'Predictable trade' touted as leading WTO advantage
BAHAMIAN producers stand to benefit from a “predictable” trade environment and protection from arbitrary actions through full World Trade Organisation (WTO) membership, a senior official of said yesterday, noting that terms of accession were not a “one-size fits all arrangement”.
