Group business grows as 25% tourism base
GROUP business is growing in importance to the country’s overall tourism product, a Ministry of Tourism executive noting that the Bahamas has significant penetration in the incentive market.
BFSB unveils EU funds conference
The Bahamas Financial Services Board (BFSB), in collaboration with the Ministry of Financial Services, the Securities Commission of rhe Bahamas (SCB), plus corporate sponsor Ernst & Young (EY), will host a half-day seminar on the European Union’s (EU) Alternative Investment Fund Managers Directive (AIFMD) on Monday, January 13. The event will be held at the British Colonial Hilton at 10am.
Melia targets $18m Cable Beach upgrade
THE all-inclusive Meliå Nassau Beach Hotel is set to undergo an $18 million upgrade set for completion in December 2014, its general manager telling Tribune Business the resort’s restaurant and bar count would likely be doubled, creating additional jobs.
Water Corp strikes payments agreement
The Water and Sewerage Corporation (WSC) has implemented an intensive Inter-American Development Bank (IDB) loan-funded programme, in a bid to improve overall service levels and put it on the path to financial sustainability.
GB Shipyard beats 2013 expectations
The Grand Bahama Shipyard’s (GBS) chairman and chief executive applauded his employees at their annual review and Christmas luncheon last week, saying: “We are doing more than we ever dreamed of.
Water union's first refusal claim branded 'nonsensical'
A union’s claim to have ‘right of first refusal’ over all Water & Sewerage Corporation outsourcing initiatives, including the multi-million dollar Windsor water plant contract, were yesterday branded as “nonsensical”.
Almost 60% of VAT's 48 fines 'very serious'
Close to 60 per cent of the 48 offences listed by the draft Value-Added Tax (VAT) Bill fall into the ‘very serious’ category, a well-known accountant yesterday warning Bahamians to “psychologically” prepare themselves for a new “culture of compliance”.
'Help Wanted' ads lure jobless into money laundering
Unsuspecting jobless Bahamians are being lured into lured into money laundering schemes primarily through ‘Help Wanted’ advertisements placed in the newspapers, a Senator said yesterday, noting this trend was increasing.
'Take politics out of VAT enforcement'
A leading accountant yesterday called for the proposed Value-Added Tax (VAT) enforcement unit to be made “quasi-governmental”, on the grounds such a move could reduce political interference.
Hotels want 10% VAT 'across the board'
The Bahamian hotel industry wants a 10 per cent Value-Added Tax (VAT) rate to be applied to it “across the board”, Tribune Business was told yesterday, with the sector working “aggressively” to ensure tax reform does not undermine its competitiveness.
Don't get 'personal' over VAT income tax alternative
A corporate income tax may be a simpler Value-Added Tax (VAT) alternative than the personal variety, an accountant said yesterday.
IAN FERGUSON: Plan now for 2014 success
Most local economists have projected that 2014 is expected to be the best year for the Bahamas since the recession hit in 2007-2008.
Youngest Callenders partner an asset recovery leader
Callenders & Co’s youngest partner has been named as one of the Bahamas’ top five asset recovery attorneys by the International Who’s Who of Business Lawyers.
Speed Week slows down through Exuma reception
Bahamas Speed Week participants slowed down this week with a Monday excursion to Exuma’s Grand Isle Resort & Spa.
Tax, finance courses target knowledge gap
THE Ministry of Financial Services has teamed with the Bahamas Institute for Financial Services (BIFS) ito roll-out two internationally endorsed courses in taxation and corporate finance in January 2014.
