BTC blasts 113% call termination spread
The Bahamas Telecommunications Company (BTC) has complained that the 113 per cent call termination “premium” enjoyed by its rivals has placed it at a competitive disadvantage, allowing them to offer consumers ‘below cost’ pricing.
CIBC eyes lay-offs for 10% staff cost cutting
CIBC FirstCaribbean International Bank (Bahamas) last night warned lay-offs were imminent as the bank moves to cut regional staffing costs by 10 per cent, with at least 12 employees having already accepted voluntary separation packages to-date.
MasterCard rewards Bahamian companies
THREE Bahamian businesses have received merchant incentive awards for achieving the highest volume of MasterCard sales in the 2013 Priceless Bahamas programme.
Gov't continues its VAT meetings
A top government official addressed the Kiwanis Club of Nassau A.M. on January 13 in a continuing effort to communicate the benefits of Value-Added Tax (VAT) in the Bahamas.
Financial industry urges 'more sensitive' Immigration approach
The Bahamian financial services industry yesterday urged the Government to adopt “a more calibrated and sensitive approach” to Immigration enforcement following Tuesday’s detention of a senior UBS (Bahamas) banker.
Bank's $2.1m branch to open late January
COMMONWEALTH Bank Limited yesterday said its Oakes Field branch is on schedule to re-open in late January following a $2.1 million renovation and expansion that is increasing its busiest location’s size by nearly 50 per cent. Bank executives credit CGT Construction with “keeping the job on track” following a contract signing in early August, when the contractor pledged to aim for a 26-week construction timeline, noting that the project would create 30-40 temporary jobs.
Gov'ts $300m bond issue oversubscribed '20 times'
The Bahamas has received “a huge vote of confidence” after the Government’s $300 million foreign currency bond issue was 20 times’ oversubscribed, with investors accepting an interest rate almost one percentage point lower than anticipated.
Global accounting chief: VAT 'most complex of taxes'
The Baker Tilly accounting firm’s global head yesterday described Value-Added Tax (VAT) as “the most complex of taxes”, mandating that its Bahamian affiliate become “an expert” on the issue.
Bahamas must extend beyond 'world's best kept secret'
The Baker Tilly accounting firm’s global head yesterday said the Bahamas has “all the ingredients to become a world class international financial centre”, but it needs to get the message out.
Seminar to tackle attorney ethics, billing practices
A former Bahamas Bar Association president yesterday said “concerns” over attorney ethics and client billing practices will be addressed at a March 24 seminar.
Bahamas 'can't run on 50 year old tax system'
A leading accountant yesterday said fiscal reform was inevitable, telling Tribune Business: “You cannot run the modern Bahamas on a tax system 40-50 years old.”
Investment failure if communities left behind
FAMILY Island investment projects will not succeed if local communities are unable to keep pace with them, a private sector executive said yesterday, urging the Government to foster the growth of local businesses via incentives offered to foreign investors.
MARKETING REVOLUTION: Drip feeding your business
I learned about the drip system from marketing consultant Dan Kennedy.
Partnership for 900 acre Exuma project
A public-private partnership arrangement is to be implemented for the development of 900 acres near George Town, the Prime Minister revealing that the Government had decided to make an “intervention” for the purposes of securing future Bahamian involvement.
Bahamian firm moves on new Bimini airport work
Resorts World Bimini has awarded the second phase of the multi-million dollar South Bimini airport upgrade has been awarded to Bahamian company, Airport Maintenance Services (AMS).
