Payroll tax 'disastrous' for new jobs
A Cabinet minister yesterday slammed the private sector’s payroll tax proposal as “disastrous” for job creation, suggesting the Government would require a rate higher than 5 per cent.
PM concerned on Bahamas getting 'fair bank share'
THE PRIME Minister yesterday expressed concern over whether the Bahamas was getting its “fair share” from the commercial banking sector, given that it accounted for the dominant share of their Caribbean business.
Standards Bureau may cost over $10m
The Government anticipates having the Bahamas Bureau of Standards (BBS) fully operational by year-end 2014, aiming to enhance the reputation of Bahamian-made products and ensure this market is not flooded with inferior imports.
Gov't eyes Trinidad link for Bahamasair
The Government is aiming to begin talks with its Trinidad counterpart over a possible relationship between Caribbean Airlines and Bahamasair, in a bid to increase regional connectivity and tourism distribution.
'Don't set precdent' for fastest VAT implementation
The Bahamas “doesn’t want to be setting a precedent” for the fastest-ever Value-Tax (VAT) implementation in the Caribbean, a Tax Coalition co-chair said yesterday, after it was revealed that similar nations took four years.
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Realtor: 2% office vacancy increase 'not encouraging'
Vacancy rates for ‘Class B’ office space on New Providence have increased by 2 per cent since 2011, a leading realtor yesterday saying: “It’s not an encouraging outlook.”
'Tentative' deal over satellite TV piracy claim
Satellite Bahamas and its principals, the Garraway brothers, yesterday disclosed they had reached “a tentative settlement agreement” with DIRECTV over the latter’s multi-million dollar lawsuit against them.
FNM finance chief 'fully backs' Gov't sale of BoB stake
The Opposition’s finance spokesman yesterday said he would “fully support” the Government selling its controlling 65 per cent interest in Bank of the Bahamas International, calling for it to get out of business altogether.
Tourism targets eight air gates for 2-4% growth
THE Bahamas will open up eight additional gateways for US visitors within the next six to seven weeks, the minister of tourism said yesterday, in a bid to meet 2-4 per cent industry growth targets.
CIBC leases new spot on Bay Street
CIBC FirstCaribbean International Bank (Bahamas) is potentially moving to downsize its presence on Bay Street, having leased a “very small space” on the Parliament Street corner.
Exuma resort stages world hockey first
Grand Isle Resort & Spa and the Bahamas shared an unusual world first last week when professional hockey players, decorated Olympians and hotel guests faced off in a road hockey game on the island of Farmer’s Cay.
IMF not forcing VAT on Bahamas
The Bahamas’ decision to implement Value-Added Tax (VAT) did not result from the International Monetary Fund (IMF) holding a gun to the Government’s head, a key Ministry of Finance consultant says.
Bank to re-open $2.1m branch this Monday
Nine months after fire swept through its busiest branch, Commonwealth Bank yesterday said an expanded and thoroughly rebuilt Oakes Field location will open this Monday following a $2.1 million renovation and rebuild.
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