MSC's Freeport 'pull out' threatens jobs
Mediterranean Shipping Company (MSC), the global shipping giant, is “pulling” its back office operation - and potentially over 40 jobs - from Freeport as a result of the Government’s failure to revoke the 1 per cent Customs administrative processing fee.
VAT a 'more fair regressive tax'
The Tax Coalition’s co-chair yesterday hit back at “misleading” government assertions about Value-Added Tax (VAT), producing a hypothetical example (shown here) where a middle class family paid - as a percentage of their income - 62 per cent more tax than their wealthy counterparts.
Bahamas urged to target 'juridicial' dispute seat
NASSAU could become a “prime juridical seat for arbitration”, a leading Miami commercial litigation and arbitration attorney said yesterday, arguing that this was the “best course of action” for the Bahmaas to take.
Gov't negotiates aribitration MOU with the Chamber
THE Ministry of Financial Services is finalising a Memorandum of Understanding (MoU) with the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) to build the “capacity and framework” for domestic arbitration, the Minister of Financial Services revealed yesterday.
IMF's 'fiscal rule' demands 'spot on'
The International Monetary Fund’s (IMF) was last night backed as “spot on” in its call for the Government to implement ‘a fiscal rule’, arguing that this would “enhance the predictability and credibility” of its annual Budgets.
Union's BTC Board control hope dashed
The trade union representing the Bahamas Telecommunications Company’s (BTC) line staff yesterday said it was “a bit disappointed” that the Government had failed to regain Board control, having hoped this would provide a bulwark against further job losses.
CWC: $25m BTC deal 'price worth paying'
Cable & Wireless Communications (CWC) decided that $25 million was “a price worth paying” for peace with the Bahamian government, a London-based analyst yesterday describing their deal as “an elegant resolution”.
Realty firm: Transaction value rose 35% in 2013
Damianos Sotheby’s International Realty has named its 2013 Top Producers, following a year in which the firm’s total transaction value increased by 35 per cent over 2012. They are:
Branding that goes beyond a mere logo
By Deidre Bastian
Q1 opening eyed for Palm Cay restaurant
Two experienced restaurateurs are set to open Palm Cay’s Billfish Grill during the 2014 first quarter, ensuring eastern New Providence residents no longer have to drive far to dine out.
Seaplane service to Hope Town confirmed
Fort Lauderdale-based Tropic Ocean Airways yesterday confirmed its inaugural twice weekly scheduled seaplane service to Hope Town, Abaco, will begin this Valentine’s Day on Friday, February 14.
Senior attorney guilty of 'gross misconduct'
A ‘senior attorney’ has been found guilty of “gross misconduct” in his representation of clients who acquired property at Exuma’s controversy-stricken Oceania Heights development.
BISX targeting 'same level of success and more' on fund listings
The Bahamas International Securities Exchange (BISX) yesterday said it was aiming to “achieve the same level of success as last year and then some” when it comes to attracting new fund listings in 2014.
Gov't urged: 'Get serious' on public pensions reforms
A top accountant yesterday urged the Government “to get serious” on making changes to civil service pensions, warning that ever-increasing unfunded liabilities threatened to create “huge deficits” regardless of fiscal reform.
Receivers accused of 'outrageous privacy invasion'
A Bahamian realtor has accused the former receivers for Abaco’s Orchid Bay project of “an extensive and outrageous invasion of privacy”, and denied inferences that he or his family had “behaved in any way fraudulently”.
