Port meets National Plan's consultant
The Grand Bahama Port Authority (GBPA) has met with the planning expert drafting the terms of reference for the Bahamas’ National Economic Development Plan (NEDP).
Ex-AG calls for lower VAT rate
A former Attorney General has called on the Government to “consider” implementing Value-Added Tax (VAT) at a lower rate than 15 per cent, warning that consumers would likely have to “bear” increased legal services costs.
DIRECTV renews $234k lien demands against Garraway
DIRECTV has renewed its demands for the US courts to impose a lien over $224,000 worth of assets owned by one of Satellite Bahamas’ principals, alleging that he has not denied ‘pirating’ its programming signals.
Gov't payroll: 'Two-thirds' goes on salary deductions
Around “two-thirds” of the Government’s monthly payroll is eaten up by salary deductions, it has been revealed, in a move to seemingly illustrate why it is so hard to cut public spending.
VAT to 'definitely increase' Bahamian insurance premiums
Value-Added Tax (VAT) will “definitely increase” insurance premiums regardless of the tax treatment applied to the sector, a senior executive warning it will also “squeeze payment” terms throughout the industry.
Manufacturers urged to 'justify' tariff demands
Manufacturers must “justify” any demands they make for protective tariffs, a senior industry executive believes, adding that the Government had included “a lot of these” in its initial World Trade Organisation (WTO) offers.
$14m Bay Street plaza up for sale
The Klonaris brothers have placed their $14 million Bay Street shopping plaza on the market, although a sales price has yet to be fixed.
Bahamas 'not out of woods yet' over aviation audits
While praising the Government for its efforts in ensuring this nation passed a recent Federal Aviation Administration (FAA) audit, a leading airline executive says the Bahamas is “not quite out of the woods yet”.
Research the 'beginning of the end' for small business framework
We, a group of local consultants, are finalising a small and medium-sized enterprises (SMEs) needs analysis survey in New Providence.
Bahamians to gain early viewing of new LPIA terminal
Bahamians will be treated to live entertainment when the long-awaited new terminal that will serve domestic and international flights at Lynden Pindling International Airport (LPIA)opens for a sneak peek on Saturday, October 19 -two days after a formal ribbon-cutting ceremony and just before it goes live.
Legal threat to $5m benchmark pref equity
Liquidators for an alleged multi-million dollar ‘Ponzi’ fraud are threatening legal action to force a BISX-listed company to unwind, and return, a $5 million investment that accounts for 100 per cent of its preference share capital.
Land use proposal submitted for key Bay Street property
A “fairly detailed” development proposal has been submitted for a 3.94 acre property key to revitalising downtown Nassau, a top realtor yesterday saying potential buyers would take their interest no further until they know what they can put there.
BTC offers 50% price cut for Vibe migration
The Bahamas Telecommunications Company (BTC) says its move to end the monthly Vibe package flat rate for unlimited calls is designed to drive customers to the “almost 50 per cent cheaper” prices offered by its newly-launched Home Phone Plus package.
Sheraton managers seek 'strike vote'
A trade union chief said he will today write to the Minister of Labour seeking permission for a ‘strike vote’ by his 70 members at the Sheraton Nassau Beach Resort, describing the way in which their work hours had been cut 50 per cent as “ridiculous”.
Union attorney 'confident' on' Morton Salt deal
The attorney representing Morton Salt’s 100-plus line union members yesterday said he was optimistic a new industrial agreement would soon be reached with the company, despite “one or two areas of concern”.
