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”.
'Big mistake' to ignore webshops over VAT tax
EXEMPTING web shops from taxation was yesterday branded a “big mistake”, a leading businessman telling Tribune Business that the industry could generate $200 million or half the revenue the Government hopes to collect from Value-Added Tax (VAT).
IAN FERGUSON: No salary increases without productivity
Most members of the workforce are dissatisfied with their current pay scale. Everyone wants to make more money. Everyone believes they deserve more. They view their value to the organisation as greater than their compensation on a weekly, bi-monthly or monthly basis. Naturally, pay scale (high or low) is all relative and based on a person’s perceptions.
Realtor's two private islands ranked in the world's top 10
A UK national newspaper has ranked Private Island Paradise in the Exumas, listed by Damianos Sotheby’s George Damianos, second among their ‘world’s top 10 private islands listed for sale’.
Ship owners urged to extend Bahamas presence to captives
Attendees at the Bahamas Shipowners Association’s (BSA) annual general meeting in London were today given a presentation on how they could take care of their captive insurance needs in this nation.
Insurance regulator in captives seminar
The Insurance Commission’s Jamell R. Bodie, manager of supervisory and regulatory practices, will be one of the featured speakers at the Captives Insurance Basic seminar on November 26, which is being hosted by the Bahamas Financial Services Board (BFSB)
Attorney poll on Investments Board
The Bahamas Bar Association is set to survey its members on their experiences in dealing with the Investments Board, in a bid to develop a more “consistent” process that approves completed applications within 30-45 days.
Satellite Bahamas chiefs seek bank documents block
Satellite Bahamas’ principals are seeking further protection from the Florida courts to block DIRECTV’s “simply irrelevant” efforts to obtain information on their bank and personal financial transactions.
Water plant exceeding contract supply by 20%
BISX-listed Consolidated Water says its main Nassau plant is supplying 20 per cent more water than required under the terms of its contract with the Water & Sewerage Corporation, as it awaits the Government’s decision on whether it will continue to operate the Windsor facility.
Oceania homeowners bid for $1.5m 'seed capital'
Property owners at Oceania Heights are hoping to raise $1.5 million to finance the construction of long-promised amenities and “recover some of our investment”, after the controversial project was finally transferred to their control.
Provider offers $500-$600m waste to energy plant
A Bahamas-based renewable provider is offering to build and operate an estimated $500-$600 million plasma waste-to-energy plant at the New Providence landfill, creating 400-500 full-time jobs, in the process.
