VAT's 'rough waters' for Bay Street retail
BAY Street merchants yesterday voiced concerns that the imposition of Value-Added Tax (VAT) on “duty free merchandise” would not only affect their competitiveness but discourage local purchases as well.
Cable targets 35% voice share from number portability
Cable Bahamas yesterday said it was hoping number portability will drive it to a 30-35 per cent fixed-line voice market share by 2014 year-end, describing its penetration levels to-date as “remarkable”.
Conference's focus on sustainable tourism
A two-day Small Island Developing States Conference (SIDS), which is set to kick-off on February 19, will be the highlight of the Ministry of Tourism’s ‘Sustainable Tourism Month’. The Ministry has designated February as Sustainable Tourism Month, in keeping with the 50th anniversary of the country’s number industry.
Realtor in FDI diversify move
Mario Carey, president and chief executive of Mario Carey Realty (MCR), is moving to diversify foreign direct investment (FDI) source markets after being named the exclusive brokerage for the BISX-listed Sapphire Venture Fund .
Minister is the first tax course lecturer
The minister of financial services has kicked off a new taxation course with his lecture on ‘Fundamentals of Taxation’.
Proper incentives can reap significant reward
Research has long indicated that incentives work. Teachers, school administrators, leading company executives, politicians and many others in leadership roles have discovered that providing positive reinforcement, whether tangible or intangible, secures a higher degree of satisfaction for those they serve.
Bahamian signal piracy '3x wider' than thought
Satellite Bahamas allegedly used more than three times’ the number of accounts initially thought to pirate DIRECTV’s signal, with the programmer having added the wives of the company’s two principals as defendants.
Minister praises $300m bond boost
The MINISTER of State for Finance yesterday lauded the Government’s recent $300 million foreign currency bond issue as a huge success, confirming it had attracted subscriptions for 20 times that amount.
BTC demands fee rate cut
The Bahamas Telecommunications Company (BTC) has demanded a full percentage point cut in Communications Fee rates, warning that the Government’s grab for surplus regulatory revenues has “diminished goodwill” in the sector.
Gov't urged to 'reinvest' in VAT dialogue
Bahamian retailers yesterday urged the Govern to “reinvest” itself in the Value-Added Tax (VAT) consultative process, calling the tax’s problematic implementation elsewhere in the Caribbean “absolutely relevant” to this nation.
Clarification on Orchid Bay
Tribune Business reported on Tuesday, February 5, that James Gomez, the Grant Thornton managing partner, was removed as receiver of Orchid Bay by a mid-January Supreme Court Order from Justice Stephen Isaacs. It also reported that he was trying to be “reinstated” as such.
Developer quadruples Bahamian workforce
Palm Cay has quadrupled its Bahamian staff in less than a year, with the new hires helping to create an “extraordinary success”.
Exuma in sports tourism boost
A sports tourism event set for Exuma next week is expected to give the local economy a “high five-figure” financial boost, organisers yesterday telling Tribune Business that the goal was to make it an annual occasion that could help raise money for Bahamian athletic associations.
'Delinquency culture' dooms micro lender
A “culture of delinquency” and inability to raise the necessary $500,000 start-up capital doomed an entrepreneur’s efforts to kickstart the Bahamian microfinance market, it was disclosed yesterday.
Financial sector addresses EU's funds initiative
The Bahamian financial services industry and regulators have moved to understand the potential impact on this nation’s investment fund sector from recent European Union (EU) initiatives.
