VAT 'major concern' to Out Island hotels
OCCUPANCY levels at Family Island resorts remain in the low 30 per cent range, the Out Island Promotion Board’s (OIPB) president said yesterday, adding that Value-Added Tax’s (VAT) potential impact on the ‘bottom line’ of small properties was a growing concern.
BTC targets 10-15k Xmas phone sales
THE Bahamas Telecommunications Company (BTC) is optimistic it will beat last year’s smartphone sales for the Christmas shopping period, the company projecting to sell 10,000-15,000 devices this period.
Micronet unveils 11,500 sq foot HQ
Micronet, the New Providence-based technology provider, has marked its 30th anniversary this month with the unveiling of its new 11,500-plus square foot store and service facility.
BSI executive passes Series 7
An account officer at BSI Overseas, Zachary Lyons, has passed the Series 7 Exam in the US after studying with the Nassau-based Securities Training Institute (STI).
Minimise exemptions to spread VAT's pain
By Simon Cooper
Gov't taps markets over US$300m bond
Key Christie administration officials are currently in the midst of a global roadshow to test international capital market appetite for a potential US$300 million Bahamas sovereign bond issue, Tribune Business was told yesterday.
$50k VAT real estate threshold questioned
A top realtor yesterday questioned why a lower $50,000 Value-Added Tax (VAT) threshold was being applied to real estate investors, calling for a uniform $100,000 benchmark to be applied “across the board”.
VAT 'not best fit' for web shop sector
A Value-Added Tax (VAT) may not be the best fit for the web shop industry, a leading accountant said yesterday, calling it “unfortunate” that this sector was being allowed to operate without facing some form of taxation.
Exemptions can't hit VAT's revenue goals
The Government’s Value-Added Tax (VAT) revenue goals mean that any decision to ‘exempt’ a particular good or service will require it to impose the 15 per cent levy on another sector, a top Ministry of Finance official implied yesterday.
MARKETING REVOLUTION: Getting business out of a rut
One of my good friends and I have an accountability agreement. If I ever seem to be lost in my business, he has leave to shake me awake and put me back on the right path. And vice versa.
Cloud computing provider aims for 2014 Q1 take-off
A BAHAMAS-based cloud computing firm is aiming to provide local businesses with a “test run” of its offering in the 2014 first quarter, after aligning itself with a major US multi-national computer technology corporation.
Bahamas fares well in 'corruption' rankings
The Bahamas was yesterday ranked as the world’s 22nd least corrupt country, with only Barbados faring better among Caribbean nations.
Sandals to retain 70% of training graduates
Sandals Royal Bahamian will retain 70 per cent of the 22 individuals who graduated from its Hospitality Training Programme (HTP) yesterday.
Fidelity doubles dividend returns
Fidelity Bank (Bahamas) yesterday announced a further dividend payment of $0.07 per share to shareholders, doubling 2013 capital returns to investors.
Stuart Cove joins Guy Harvey brand
Guy Harvey Outpost has appointed legendary dive guru Neal Watson as its director of dive operations, as it bids to plant Outpost dive flags on beachfronts throughout Florida, the Bahamas and the wider Caribbean.
