Food retailers warning on price control 'catastrophe'
Many Bahamian food retailers will suffer “catastrophe” unless there is some Price Control relief prior to Value-Added Tax (VAT), the Retail Grocers Association’s president has warned, after talks with the Government kicked-off on Friday.
Top school loses over $26k redundancy claim
The Bahamas’ most prestigious private school has lost its appeal over having to pay more than $26,000 in severance pay to its principal’s former assistant.
Call for aerial drone regulation
The Government has been urged to regulate the unmanned aerial drone industry, an innovative Bahamian start-up fearing others may enter the market and not play by the rules.
Palm Cay boosted from Boat Show
For the $200 million beachfront and marina community rising on Nassau’s southeastern shore, there was a steady stream of traffic at the booth they shared with the Bahamas Ministry of Tourism from opening to closing daily.
Realtor in full service growth
Coldwell Banker Lightbourn Realty has launched a Concierge and Property Management division, making it a full service real estate company.
Gov't yet to disprove alternative tax forms
THE Government has not provided any “empirical analysis” to-date that would dismiss alternative forms of taxation being proposed by the private sector, a Tax Coalition co-chair adding that Value-Added Tax (VAT) “should not be sold as a perfect system”.
Fear of 'potential tourism softness'
The Central Bank of the Bahamas has warned that “potential softness” in key visitor source markets is creating some downside for the tourism industry’s 2014 performance, with the sector “relatively flat” in January.
Water Corp targets 'banner year' with $15m contracts
The Water & Sewerage Corporation is confident 2014 will be “the real banner year”, as it targets a further one million gallon per day reduction in water losses and the release of $15 million in construction contracts.
Graycliff: 'Happy compromise' saves 25% of cigar sales
Graycliff yesterday said it had preserved 25 per cent of its cigar business by reaching “a happy compromise” over the Government’s tax policies, a move that will allow it to continue domestic sales.
Bahamas' risk 'going up' from $300m bond
The Bahamas’s country risk premium “is going up”, a leading investment analyst warned yesterday, revealing that the Government’s recent $300 million bond issue had increased the interest coupon on its longer-term debt.
Mexicans group front runner for GB casino
TOURISM Minister Obie Wilchcombe said yesterday the Government was viewing a Mexican group as the front-runner to become the new casino operator at the Memories Grand Bahama Beach and Casino Resort.
VAT to increase Bahamas' risk
Value-Added Tax’s (VAT) introduction will likely increase the Bahamas’ country risk profile for both investors and local firms, a KPMG executive yesterday warning it would “impact returns” on investment.
Bimini cruise dock challenge 'lives to fight another day'
The Judicial Review challenge to Bimini’s controversial cruise ship dock “lives to fight another day”, after the Court of Appeal yesterday granted its environmental backers a seven-day extension in which to file their appeal against the initial Supreme Court ruling.
GB airport costs 126% above region
TOURISM officials yesterday conceded it was “critical” that Freeport’s airport fuel and handling costs, which are 126 per cent higher than Caribbean rivals, are reduced within the next “three to six months” to sustain the sector’s growth and make it truly competitive.
LPIA earns second award in two weeks
The Lynden Pindling International Airport (LPIA) this week won a second industry title, earning the 2014 Routes Marketing Award for airports serving under four million passengers.
