Auto chief: $100m 'right away' via 5% payroll tax
The Bahamas Motor Dealers Association’s (BMDA) president yesterday urged the Government to implement a 5 per cent payroll tax as an alternative to Value-Added Tax (VAT), and suggested it could generate an extra $30 million annually from simple auto-related revenue reforms.
Guarding against personal burnout
Karoshi is the Japanese term for working yourself to death. These people work so hard that at 7pm some managers have to get on loudspeakers urging workers to go home. Not really a huge problem here. At least not among the general population. But burnout is a serious problem for persons who are success-minded, particularly since they are often doing the job of about three or four other persons with the pay of one. So this article is focused on the burnout plan for those who are part of the marketing revolution.
Hope Town Resort awaits Thanksgiving 'full house'
THE 25-room Hope Town Harbour Lodge is reporting a “very full house” for the Thanksgiving holiday weekend and solid advanced bookings for the next several months, one of its owners telling Tribune Business: “I think our expectations are being fulfilled”.
Galleria: Digital drive sparks 21% price rise
MOVIEGOERS can expect a 21 per cent increase in ticket prices beginning this weekend, with Galleria Cinemas announcing a $1.50 rise as of this Friday.
Government, Tax Coalition agree on 'consultation'
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) Coalition for Responsible Taxation yesterday said it now represented 800 businesses that employed over 60,000 persons, unifying the business community more than at any other time in Bahamian history.
GBPA PRESIDENT DISPENSES PRACTICAL ADVICE AT BUSINESS FORUM
Freeport, Grand Bahama – As hundreds of delegates convened on Grand Bahama Island for this year’s Myles Munroe International Global Leadership Summit, The Grand Bahama Port Authority, Limited (GBPA) played a pivotal role with GBPA President Ian Rolle participating in last Wednesday’s millionaire round table discussions.
Balmoral chief 'taking plunge' in $30m project
The Balmoral’s principal yesterday revealed he is “taking the plunge one more time” with an upscale $30 million condo project at Cable Beach, a development that is set to create around 150 construction jobs.
Spanish chain takes over from Sheraton
BAHA MAR yesterday announced it had reached an agreement with the Spanish chain, Meli� Hotels International, to become the new brand/operating partner for its 694-room Cable Beach property, ending the current relationshi with Starwood Hotel & Resorts’ Sheraton.
Ultimatum issued on Bimini development
Environmental activists have given the Government and Resorts World Bimini an ultimatum to stop work on their planned cruise ship island/jetty by week’s end, or otherwise face Judicial Review proceedings in the Supreme Court.
Cable Bahamas seeks pref share approval
Cable Bahamas is seeking shareholder approval to “pave the way” for the issuance of two new preference share classes, as part of the financing for its $100 million Florida expansion.
Gov's 'clear marching orders' from IMF on VAT
The Government has “clearly got its marching orders” on Value-Added Tax (VAT) from the International Monetary Fund (IMF), a co-chair for the private sector’s Tax Coalition warning that it was “highly likely” the latter was telling the Christie administration what to do.
Balmoral to feature $100m in real estate
The Balmoral’s developer yesterday said the project would be completed in six months, estimating that it will contain $100 million worth of real estate at full build-out.
Grand Bahama eyeing 1m visitors in 2014
GRAND Bahama is poised for “way better” than one million visitors in 2014, Tourism Minister Obie Wilchcombe said yesterday, telling Tribune Business that the island could see its “best year since 1991”.
Seaplane firm unveils Hope Town services
A Fort Lauderdale-based seaplane company is looking to add a scheduled service into Hope Town, Abaco, come early 2014.
BTC targeting 200,000 monthly website hits
The Bahamas Telecommunications Company (BTC) yesterday said it expected its new, interactive website to double monthly views to next month and achieve 5 per cent growth to 200,000 thereafter.
