Esso dealers content over Sol transition
ESSO retailers are they anticipating a relatively smooth transition with no major changes to their operations, now that the Barbados-based Sol Group has consummated its acquisition, with some already noticing improvements in maintenance and repair response.
Bahamian airlines paying '$100k-plus' to fly over nation
A leading Bahamian airline executive yesterday praised the Government’s bid to slash airspace overflight fees for locally-registered aircraft, saying this cost his carrier and others around $100,000-plus per year in fees paid to the US.
Bahamas could join Ja 'very quickly' if no fiscal turnaround
THE Bahamas could “very quickly” join the likes of Haiti and Jamaica as an economic bail-out case if it fails to arrest its current annual $443 million fiscal deficit, a Tax Coalition co-chair has warned.
Sandals training 1,000 to handle emergencies
Sandals is training more than 1,000 staff to become Emergency First Response (EFR) certified in case of emergencies on and off the resort campus.
Performance is better than dress to impress
By Ian Ferguson
Port Authority rejects marine pilots' claims
The Grand Bahama Port Authority (GBPA) yesterday denied it is deliberately delaying a Business Licence for the Bahamas Marine Pilots Association (BMPA), and refuted claims it had a ‘conflict of interest’.
Broker elated over SEC fraud claim dismissal
A Bahamian broker/dealer and its principal were elated yesterday after a court threw out a US regulator’s claims that they knowingly helped perpetrate, and participated in, an $11 million securities fraud.
Work permit waiver can 'sweeten captive pot'
The Bahamas should offer work permit and licence fee waivers to “sweeten the pot” for captive insurers, a leading financial executive yesterday expressing hope that Marsh’s capture would have “a snowball effect” for the jurisdiction.
Bahamian resorts: Taxes rise up to 250% in 3 years
Bahamian resorts have seen their room tax and Business Licence payments increase by 66 per cent and 250 per cent, respectively, since 2010, a senior industry executive today warning this nation will “pay a hefty price” for misguided tax policies.
Satellite Bahamas chiefs agree bar on 'signal piracy'
Satellite Bahamas and its principals, the Garraway brothers, have agreed to a permanent bar on being able to offer DIRECTV’s programming to clients in the Bahamas and other countries, Tribune Business can reveal.
Foreign 'better' on $557m property tax collection
The Government would “be better off” outsourcing collection of $557 million in unpaid real property taxes to a foreign company, a leading businessman yesterday arguing this would prevent family and political pressures from undermining the initiative.
Grand Bahamian firm wins Caribbean award
Paint Fair, a Grand Bahama-based firm specialising in coatings since 1980, was recently presented with the ‘Protective Coatings Caribbean Leader in Growth’ award.
Gov't, Resorts told: Don't 'jeopardise' Bimini challenge
A Court of Appeal judge has urged the Government and Resorts World Bimini not to “jeopardise proceedings” by forging ahead with construction of the latter’s controversial cruise terminal while the action challenging it remains live.
New Zealand specialist leads VAT roundtables
EY Bahamas (formerly Ernst & Young) has engaged a New Zealand-based partner and tax specialist to help prepare clients and Bahamian companies on Value-Added Tax’s (VAT) implementation.
Bahamas targets revenue sharing air space deal
THE Government has begun talks with the Federal Aviation Administration (FAA) over management of Bahamian airspace, a Cabinet Minister yesterday disclosing it was seeking an arrangement to share revenues from overflight fees and exempt Bahamian airlines from these charges.
