Chamber set to unveil e-learning initiative
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) Institute will this Wednesday launch its new E-Learning Program at a British Colonial Hilton luncheon.
SCOTT FARRINGTON: Targeted hirings give better sales
Systems check, countdown for launch begins in T minus eight steps. Last week I wrote about maintaining a high level of service, and promised I would then drill down and outline some basic steps to implementation.
Forum to address 'talent gap' fears
The private sector and government were yesterday warned to prepare for major changes to the Bahamian workforce at the managerial level, with Baha Mar alone aiming to fil 700 of these position.
Super Value chief fears for manufacturing plant
Super Value’s owner fears that import tariff reductions demanded as part of the Bahamas’ World Trade Organisation (WTO) entry may force him to stop manufacturing the supermarket chain’s ‘own brand’ bathroom tissue, and send 20-30 factory workers home.
$10M estimate for BEC’s environmental costs ‘conservative’
Valuing the Bahamas Electricity Corporation’s (BEC) environmental liabilities at $100 million is a “conservative” estimate, a well-known attorney warning it was a “pipe dream” to believe the Government would realise top price from its partial privatisation.
Gov't urged: Combine 4% sales tax with spend cuts
THE Government should implement a 4 per cent sales tax and target a 3 per cent spending reduction as an alternative to Value-Added Tax (VAT), a senior accountant has urged.
IBC Act gap means no $13m claw back
A fund liquidator is unable to ‘claw back’ an alleged $13.148 million “fraudulent preference” because the International Business Companies (IBCs) Act does not allow proceedings to be served on creditors outside the Bahamas.
Citizens group to lobby against VAT
A citizens’ group organised in opposition to Value-Added Tax (VAT) is aiming to rally support to petition the Government over alternative forms of taxation, claiming the current plan would create a disproportionate economic burden on the middle and lower classes via regressive taxation.
VAT sanctions are 'very distasteful'
Super Value’s owner has slammed the proposed sanctions regime for delinquent Value-Added Tax (VAT) payers as “very distasteful”, fearing just one mistake by staff could result in his jailing or loss of passport.
IMF: Debt cut 5% from peak by 2017 if Gov't delivers
The Bahamas would slash its debt-to-GDP ratio by five percentage points within three years of hitting a 60 per cent peak, the International Monetary Fund (IMF) believes, if the Government can hit its fiscal consolidation targets.
Two-thirds of hotels harbour VAT concerns
Two-thirds of regional hotels responding to KPMG’s 2013 Caribbean benchmarking survey aim to initiate expansions within the next 18 months, although Value-Added Tax (VAT) reforms and access to financing remain key concerns.
'Lighter touch' regulation' for credit unions under $1m
Draft legislation is proposing a ‘light touch’ regulatory regime for credit unions with assets under $1 million, the Central Bank noting that the sector’s total assets have increased by 39 per cent since 2007.
Hotel Union: Employer actions 'unfortunate'
THE Bahamas Hotel Catering & Allied Workers Union (BHCAWU) says it is “unfortunate” that the Bahamas Hotel Employers Association (BHEA) decided to publicise their industrial agreement dispute, its vice-president telling Tribune Business the union was set to meet with its membership this week to determine the way forward.
RICHARD COULSON: Is Perry the man for 'nitty-gritty'?
The Nassau Institute has long enjoyed its role as the libertarian, free-enterprise thorn in the side of governments, whether FNM or PLP, battling every statist attempt to seize more power and reduce individual liberty.
Harbour island hotel in $500,000 upgrade
Two years after its name made headlines around the world as the resort where the world’s most sought-after runaway, the Barefoot Bandit, was captured, Harbour Island’s Romora Bay Club & Resort is preparing for a different kind of attention.
