US puts $275m Bimini expansion 'in peril'
Resorts World Bimini’s “entire operations are in peril” as a result of the US government banning a key aspect of its business model due to alleged immigration violations, Tribune Business can reveal.
East GB opposes sand mining plan
Resorts and bonefishing guides yesterday expressed outrage that a Bahamian company was seeking approval for sand mining just outside a proposed Marine Protected Area (MPA) off eastern Grand Bahama, fearing it will jeopardise both investments and livelihoods.
Stock market poised for 'north of 10%' returns in 2014
Stock market investors “should be expecting 10 per cent or north of 10 per cent” returns in 2014, a leading investment banker said yesterday, with Baha Mar’s impact effectively cancelling out any tax-related negatives.
Super Value fears $4m cost from VAT split tax approach
Super Value’s president yesterday said the proposed VAT ‘split tax treatment’ for food retailers would cost the supermarket chain $3-$4 million per annum, and potentially “wipe out most of the industry”.
Gov't yet to confirm Freeport fee removal
The Government has yet to confirm “in writing” that it will remove the 1 per cent Customs administrative processing fee in Freeport, it was disclosed yesterday.
Bahamas Waste chief to meet Minister on residential contracts
Bahamas Waste’s managing director yesterday said he planned to meet the Minister of the Environment over the residential garbage collection contracts, after the Government cut back its business earlier this month.
Scotia executive passes Canada securities course
Na-amah Rahming, a member of the Scotia Private Client Group, passed the Canadian Securities Course (CSC) after studying with the Nassau-based Securities Training Institute (STI).
Realtor expands appraisal team
Coldwell Banker Lightbourn Realty has expanded its appraisal team to seven in response to an increasing demand for property valuations.
Palm Cay condos beating schedule
Six weeks after buyers turned reservations into purchases at Palm Cay’s first condominium offering, construction work is well underway with infrastructure and site preparation slightly ahead of schedule.
Prices 'through roof' on grocers' 20% VAT recovery
Food stores could recover as little as 15-20 per cent of their Value-Added Tax (VAT) ‘input’ costs under existing legislation, a leading retailer yesterday warning this would drive prices “through the roof” plus result in business closures and lay-offs.
'Jail time' urged to crack down on $20m poaching
Fishermen yesterday described this week’s capture of a Dominican fishing vessel and its crew as “just the tip of the iceberg”, estimating that a “conservative” $20 million worth of fish was stolen annually from Bahamian waters.
IDB 'says it all' on renewables inaction
The Bahamas Renewable Energy Association’s president yesterday said a recent Inter-American Bank (IDB) report “says it all” on renewable energy, adding: “The opportunity’s there but nothing’s being done.”
Airlines to appeal 'unreasonable' VAT
Leading Bahamian airline executives say the sector will “without a doubt” appeal the Government’s decision to levy 15 per cent Value-Added Tax (VAT) on domestic air transportation, describing the move as “unreasonable”.
Broker blasts $11m suit's 'deficiencies'
A now-defunct Bahamian broker/dealer and its principal have reiterated that they were “not a substantial factor” in an alleged $11 million stock fraud, and the allegations against them were “deficient”.
MARKETING REVOLUTION: The right relations with Christmas time
The Huffington Post reported that a man jumped to his death off a seven-storey balcony at a mall in China because his girlfriend would not stop shopping after four hours.
