Bahamas gets '6 months' to escape new downgrade
The Bahamas has a “six month window” in which to stave off another credit rating downgrade through concrete fiscal reform actions, with Moody’s yesterday describing the Government’s planned $800 million correction as “enormous”.
Cable Bahamas gains 3,000 new landline clients
CABLE Bahamas yesterday said it was expecting a number of businesses to switch to its REVOICE offering this month, telling Tribune Business it had attracted “well over” 3,000 new landline subscribers due in large part to its mortgage giveaway promotion.
BREA chief 'on Cloud Nine' over pre-approval
The Bahamas Real Estate Association’s (BREA) president yesterday described his members as being “on Cloud Nine”, after the Government unveiled a process to ‘pre-approve’ first-time home buyers for the Stamp Duty exemption.
IMF urges 20% auto fee rise
The International Monetary Fund (IMF) has urged the Government to increase motor vehicle licence fees by at least 20 per cent, arguing that this would improve the “fairness and progressivity” of Bahamian taxation.
Gov't 'reins in' first-time buyer tax break bar
The Government has “reined in” the ability of first-time home buyers to obtain the full 10 per cent Stamp Duty exemption, a well-known attorney saying the threshold was now below that employed when the tax break was first introduced in 2002.
Atlantis eyes 1,800 golf tournament room nights
ATLANTIS’s top executive said yesterday that the second-annual Pure Silk-Bahamas Ladies Professional Golf (LPGA) Classic is expected to generated “in excess” of 1,800 room nights, with the resort coming off a “very busy” Christmas/New Year’s period.
Retailers: Xmas 'steady rather than spectacular'
BUSINESS for many local retailers during the Christmas period was described yesterday as “steadybut not booming”.
MARKETING REVOLUTION: Reinvention critical to business success
Welcome to 2014. I trust that you brought it in safely. In addition to personal resolutions, businesses will also often make resolutions.
Arawak Cay port rated Caribbean's most productive
THE Nassau Container Port (NCP) has beaten out 24 Caribbean rivals to be rated the region’s most productive port by the Florida Shipowners Group, which handles the majority of shipping flows into the region.
Chamber chair: Gov't can cut spending 'up to 20%'
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday said there was “no question” the Government could cut its spending by up to 20 per cent, as he urged it to get “the broadest possible buy-in” on tax reform.
Bahamas told: Keep fiscal reform 'dirty laundry' in-house
The Bahamas must prevent its fiscal reform “dirty laundry” from being aired to the outside world, a Tax Coalition co-chair pointing out that the Government was really targeting an $800 million adjustment.
Orchid Bay viability 'severely damaged'
A homeowner at Abaco’s troubled Orchid Bay development is demanding that the Georgia Bar investigate its route into receivership, alleging that this has “frightened residents” and “severely damaged its viability as a tourism destination”.
Family Islands 'scared as hell' over VAT impact
Family Island businesses have been left “scared as hell” by a lack of Value-Added Tax (VAT) information, a leading consultant yesterday warning many feared being “taxed out of the market”.
Ministry targets 20-100% food import reduction
A Ministry of Agriculture consultant yesterday said the Bahamas was targeting between 20-100 per cent reductions on certain agricultural commodities, in a bid to boost foreign exchange earnings.
Businessman unveils entrepreneur contest
FREEPORT – Grand Bahama businessman Elbert Hepburn has introduced a $100,000 ‘Power Five Challenge’, in an effort to help entrepreneurs start their own businesses on Grand Bahama.
