BEC's 170% fuel charge rise masks operating woe
The Bahamas Electricity Corporation’s (BEC) fuel charge increase was more than seven times’ that for fuel prices between 2010-2012, a leading environmental attorney suggesting this showed how the utility masked its “poor operating performance”.
'Second thoughts' over $1.1m claim against attorney
Investors are having “second thoughts” about pursuing a $1.1 million claim against a Bahamian attorney and his law firm in the courts, due to the expense and uncertain prospects of success.
PM meets investors over $100m athlete rehab plan
Prime Minister Perry Christie said he last week met with investors looking to develop a $100 million athlete recovery facility in the Berry Islands, and revealed the Government has also received an application to purchase Chub Cay.
PM meets Hutchison over Port expansion
PRIME Minister Perry Christie said he met with principals from the Grand Bahama Port Authority (GBPA) and Hutchison Whampoa to discussed the expansion of the Freeport Container Port.
Energy stakeholders focus on the Bahamas
Jerry C. Butler, the Caribbean Renewable Energy Forum’s founding chairman, met with regional energy stakeholders in Washington DC last week to discuss the challenges and opportunities for grid and off-grid investments in the Bahamas and wider Caribbean.
BFSB rewards its competition winners
The Bahamas Financial Services Board (BFSB) and Ministry of Education, Science & Technology have hosted the presentations ceremony for the annual Essay Competition, held as part of National Career Awareness Month (NCAM).
UK university addresses Institute on banker MBA
The Bahamas Institute of Financial Services (BIFS) last week welcomed the UK’s Bangor University to speak on its Chartered Banker MBA programme options, which are specially tailored to working professionals and can be taken on-site or online.
Major Bimini airport upgrade is revealed
Resorts World Bimini has pledged that upgrades to the island’s airport will leave it behind only Sir Lynden Pindling International Airport (LPIA) when it comes to technology and facilities
Airline chief fears 20-25% ticket price increase from VAT
Ticket prices could increase by 20-25 per cent if the Government decides not to make domestic aviation ‘exempt’ from Value-Added Tax (VAT), a senior airline executive warned yesterday, adding that it would retard Family Island development.
Treasury admits breaching 75% wage deduction limit
The Government was yesterday urged to “curtail” civil servant salary deductions to no more than a combined 40 per cent of total income, after the Auditor-General rapped the Treasury for allowing the current 75 per cent limit to be breached.
Government proposes that all electricity VAT 'exempt'
The Government is proposing to make electricity Value-Added Tax (VAT) ‘exempt’ for both residential and business consumers, providing some relief from the price increases many are fearing.
Baha Mar: $275m awarded to locals
BAHA MAR has awarded roughly $275 million worth of work, close to 70 per cent of its commitment pledge, to Bahamian contractors to-date, a senior executive said yesterday.
City Markets pension fund: 'Unauthorised fees' claim
A senior trade union executive and other former City Markets employees have alleged that an attorney “deducted unauthorised and unexplained fees” from sums he received on their behalf from the defunct supermarket chain’s pension plan.
Airline's new Cuba route 'mixed bag'
DESCRIBING traffic on Western Air’s recently introduced Havana route as a “mixed bag”, the airline’s director of operations yesterday told Tribune Business that advanced reservations indicate it will be “fully booked” by late December.
Commercial property sales 'VAT exempt'
Realtors yesterday warned that adding Value-Added Tax (VAT) to already “astronomically high” transaction costs would stifle home buying activity at a time when the Government should “be doing the exact opposite”.
