US Embassy visits GBPA for report
US Embassy officials have visited Grand Bahama to help prepare their forthcoming ‘Investment Climate Guide for the Bahamas’.
Freeport Harbour in major redevelopment
A proposed oil recovery plant has agreed to expand its footprint by 20 per cent as part of a major redevelopment of Freeport Harbour, Tribune Business can reveal.
Domestic aviation VAT is branded 'suicide'
FAMILY Island resort/hotel operators yesterday expressed serious concern that a 15 per cent Value-Added Tax (VAT) on domestic aviation would increase access costs and drive away visitors, one describing the move as “suicide”.
Gov't moving on Freeport Customs levy 'roll back'
The Government has agreed to “roll back” the 1 per cent Customs administrative processing fee in Freeport to help facilitate the long-proposed $250 million expansion at the Freeport Container Port, Tribune Business was told last night.
BEC generation IPO 'within 36 months' of deal
An initial public offering (IPO) of shares in the Bahamas Electricity Corporation’s (BEC) generation business will occur “within 36 months” of its part-privatisation, Tribune Business can disclose.
Bahamas 'can't survive with 1.8-2.5% growth'
The Bahamas cannot tax its way out of its economic malaise, a top QC has warned, adding that this nation “will not survive with growth rates of 1.8-2.5 per cent”.
Perfect service to last generations
By Scott Farrington
Minister to address stem cell conference
Okyanos Heart Institute’s chief science officer will address the International Stem Cell Society (STEMSO) Global Conference that will be held in Freeport on February 19-22.
Bahamas attracts world's leading captive manager
The world’s largest captive insurance manager is in the “final stages” of obtaining approval to operate from the Bahamas, a Cabinet Minister describing this a major step “in re-establishing” this nation’s presence in the sector.
Leading QC calls for 20% Gov't spend cut
The Government has been urged to cut spending by 20 per cent over the next five-10 years, with a top QC warning Bahamians they must abandon “cradle to grave entitlements”.
Oil explorer to boost Freeport's 'little gem'
The Bahamas Petroleum Company (BPC) is planning to use Grand Bahama’s industrial and logistics abilities to support its oil exploration activities, its chief executive describing the island as an “under-utilised little gem”.
Gov't u-turn on electricity VAT
The draft Value-Added Tax (VAT) Bill and regulations released to the Bahamian people on Friday contain a number of tweaks from the October version, the biggest of which is an abrupt ‘U-turn’ on electricity’s tax treatment.
VAT clarity sought over commercial property sales
A top realtor has urged the Government to clarify whether it plans to levy 15 per cent Value Added Tax (VAT) on commercial real estate transaction prices, after this was dropped as an ‘exempt’ item in the latest draft Bill.
VAT 'very dangerous' if no public buy-in
A top QC has warned it will be “very dangerous” for the Government to impose Value-Added Tax (VAT) without widespread public support, as it was “not the right fit” for the Bahamas at this time.
Retailers enjoy up to 50% Black Friday boost
BAHAMIAN retailers looking to boost sales with their own version of the popular American ‘Black Friday’ tradition have reported a noticeable uptick in business, one telling this newspaper that business had picked up as much as 50 per cent due to the promotion.
