Bank profit repatriation triples to $120m
A leading waste services provider yesterday slammed the “secrecy” surrounding the Government’s plans for New Providence’s landfill, after a foreign company’s bid to manufacture recycled products in the Bahamas was revealed.
Bran: I would have 'screamed out' on VAT under Ingraham
Branville McCartney says he would have “screamed out” against Value-Added Tax (VAT) had it been presented when in Hubert Ingraham’s Cabinet, describing its likely effect on jobs and the economy as “very, very scary”.
Bahamas 'poised for growth' via private equity rise
A Bahamian accountant believes this nation’s financial services sector can benefit from forecast growth and capital raising in the global private equity industry, with the SMART fund product helping to “gain traction”.
VAT gives Bahamians 'consumption choice'
A leading Ministry of Finance consultant believes this is “an opportune time to introduce a more efficient means of collecting revenue” through Value-Added Tax (VAT) before more extreme measures are taken.
Palm Cay growth creates 100 jobs
The Palm Cay development’s expansion has generated 100 jobs for persons working directly with the development or for contractors and sub-contractors.
THE ART OF GRAPHIX: A web of good impressions
Is it true that everything in life warrants an impression? Does the way we talk, walk or socialise say something about our personality? How about our choice of friends, clothing and accessories, or even our cars? Does our sports SUV or red BMW tell people we are playful, spirited or crave adventure?
Nassau-bound ship to get hull artwork
GUY Harvey, widely recognized as the world’s finest marine wildlife artist and champion of ocean conservation, will design the signature hull artwork of the Norwegian Escape, the world’s largest cruise ship to-date. The ship is set to debut in October 2015. Mr Harvey yesterday revealed his custom design for Norwegian Escape’s hull, which features an underwater scene of marine wildlife.
Relays to boost sports tourism
THE Bahamian sports tourism sector is set for a major boost from the International Amateur Athletic Federation’s (IAAF) inaugural World Relays in May, with local organising committee (LOC) executives telling Tribune Business more than 1,200 athletes and coaches were expected to attend.
Feb point buyers eye bigger spend than $40m
February Point’s new owners are already anticipating a greater investment than the initially budgeted $40 million, telling Tribune Business yesterday they were planning a larger marina and creating 350 total jobs at the construction peak.
Resort targets 20% solar cost savings
AN all-inclusive Andros dive resort is expecting to generate 20 per cent cost savings after being outfitted with solar heaters, its owner telling Tribune Business yesterday that high energy costs were a major challenge for all Out Island resorts.
$40bn asset manager Albany's partner in South Ocean offer
Albany’s partner in its joint venture offer to acquire the adjacent South Ocean property is a major New York-based asset manager, Tribune Business can reveal, with a decision on the preferred bidder set to be made next Tuesday.
'Fundamental concern' over $1bn current account deficit
The Bahamas must develop a long-term plan to address the “structural imbalance in its balance of payments”, a former finance minister describing this as his “most fundamental concern”.
VAT double whammy can 'price tourism out of the market'
The Bahamas will “price itself out of the market” if it imposes a Value-Added Tax (VAT) ‘double whammy’ on tour packages sold abroad by travel agents and other wholesalers, a senior hotel executive has warned.
BTC hails end to Cable Bahamas 'subsidisation'
The Bahamas Telecommunications Company (BTC) yesterday hailed plans to establish a ‘level playing field’ in fixed-line voice call termination fees, arguing that this would stop it and its clients “subsidising Cable Bahamas”.
Sandals honoured as top scuba diver
Sandals Resorts International has reinforced its scuba diving credentials after reaching 50,000 certifications to become one of the premier dive divisions in the world.
