Web shop 'parallel' banking system fear
PRIME Minister Perry Christie yesterday acknowledged banking sector concerns that large sums of money from web shop gaming were either being loaned or used to finance major real estate and business ventures, warning it was a “major contradiction to the good order of our system”.
$29m GB subsidy claim 'misleading'
The GOVERNMENT’S claims that it has had to subsidise Freeport economy to the tune of $29 million were described yesterday as “a bit disingenuous” and “misleading”, a Free National Movement (FNM) MP stating that Grand Bahama was “no charity case”.
CWC: BTC will be 'second to none'
The Bahamas Telecommunications Company’s (BTC) controlling shareholder yesterday said it was moving rapidly to ensure the carrier’s network “is second to none”, revealing its multi-million dollar investments were already producing returns.
Bahamas breaks 6m visitor mark
THE Bahamas broke the six million mark for total visitors arrivals in 2013, the Minister of Tourism M confirmed yesterday, while telling this newspaper: “We still have more work to do”.
New tariff rates in March release
The Government is unlikely to release the revised Tariff Schedule before the beginning of March, as the private sector gears up to complete its Value-Added Tax (VAT) study “as quickly as humanly possible”.
'We're not pulling trigger' due to VAT
A Tax Coalition co-chair says his own companies are not “prepared to pull the trigger” on potential expansion projects due to the continuing uncertainty over Value-Added Tax (VAT).
Realtor: Bahamas must 'get on map' in Dubai
The Bahamas needs to establish a physical commercial, as well as diplomatic, presence in the United Arab Emirates (UAE) if it is to make further inroads into attracting investment and high-end Middle East investors, a leading realtor said yesterday.
Marketing stretches beyond advertising
My first real taste of what I thought was marketing was based on running some advertisements in Black Belt magazine back in 1994.
Gov't urged: 'Follow paper trail' to stop fisheries poaching
FISHERMEN said yesterday there was “absolutely no doubt” that Dominicans were carrying out “well funded” poaching operations in Bahamian waters, the head of the Bahamian Commercial Fishers Alliance urging authorities to simply “follow the paper trail”.
Ministry brings VAT campaign to Facebook
The Ministry of Finance yesterday announced it had launched its Facebook page, taking its ongoing Value-Added Tax (VAT) educational campaign to the world’s fastest growing social media network.
Realtor: VAT 'sell' critical to foreign buyer confidence
A leading realtor yesterday said he would “love” for his firm to beat 2013’s 35 per cent increase in total transaction value, but warned that much depends on how the Bahamas “sells” Value-Added Tax (VAT) to foreign investors.
GB community builds on Fish Fry success
Businesses in Smith’s Point are aiming to capitalise on their renowned Wednesday Night Fish Fry by adopting a pirate theme for the Grand Bahama settlement.
Chamber directors now fully installed
Grand Bahama’s business community came out in force for the annual banquet and installation of the Chamber of Commerce’s officers and directors. Pictured are back row (L to R): Dan Romance, Bradford Marine; Lynn Lowe, Kelly’s Freeport; Janet Albury, VIP Services; Mick Holding, GB Shipyard; Kevin Seymour, Pharmachem; Larry Albury, Freeport Jet Wash; Dillion Knowles, Dillon F. Knowles Consulting; and Sarah Kirkby, Barefoot Marketing.
Grand Bahama jobless rate fall 'encouraging'
RECENT figures showing a decrease Grand Bahama’s unemployment rate were described yesterday as “encouraging”, with a reviving tourism sector believed to be the main driver behind the decline.
Unlock green economy for 'thousands of jobs'
The Government was yesterday urged to create “thousands of jobs” by unlocking a ‘green economy’ in the Bahamas, a top QC calling on it to make developers finance enforcement of the main Planning law.
