Tax reform Committee gains 'critical mass'
The private sector’s Tax Reform Committee was yesterday said by one of its co-chairs to have gained “critical mass”, its main concern being that the Government was “just too fast” in moving ahead with Value-Added Tax (VAT) implementation.
FINCO beats the industry despite $107m bad loans
Finance Corporation of the Bahamas (FINCO) yesterday disclosed that despite non-performing mortgage loans totalling $107 million at end-July, as a percentage of total credit this was almost five percentage points below the industry average.
MARKETING REVOLUTION: Always follow-up for sales success
One of my clients complained to me that his office administrator felt my insistence on them following up with their clients, who had made appointments but not kept them, was making him seem like a beggar.
Miami-Dade '10 times faster than Bahamas' on building permits
A leading architect yesterday said the protracted wait for building permits was having a “far-reaching effect” on the Bahamian economy, with Miami-Dade County processing “ten times’” the number of approvals local regulators are getting through.
Timber firm to start log hauling this week
A timber harvester expects to begin log hauling this week, its principal telling Tribune Business yesterday that the company was looking to tap into the ‘niche’ market for high-end wood products and sell wood flooring at the outset.
RBC expands into financial planning
RBC Royal Bank has appointed Alicia Bain-Thompson and Christina Kenny-Sands, both accredited Personal Financial Planners (PFPs), to lead its financial planning practice in the Bahamas.
Airline survival fears on 52% NAD rent rises
Bahamian-owned airlines yesterday warned that some carriers will not survive increased taxes and a move to Lynden Pindling International Airport’s (LPIA) new domestic terminal, with their rental/lease rates set to increase by up to 52 per cent.
'Vagaries' cost Bahamas $14m poultry project
“Market vagaries” cost the Bahamas a $14 million poultry production investment, it has been revealed, with uncertainty over tariffs and standards placing local farmers at a competitive disadvantage.
Minister: Tariffs no 'survival guarantee'
A Cabinet Minister yesterday said he was looking to protect the Bahamian manufacturing sector with “a full package” of reforms, warning that protectionist tariffs did not “guarantee survival”.
Airline targets 25 hires for international growth
A leading aviation executive said yesterday his airline was looking to fill at least 25 positions via a job fair and set the ground work for further expansion internationally, adding: “We’re not just going to depend on the local market anymore”.
Confessed fraudster's $8m appeal had 'little merit'
A Bahamas-based financier’s legal action has been blasted for having “little merit”, the Court of Appeal finding it was a ‘last ditch’ bid to seize more than $8 million generated by his fraudulent activities.
Direct Cuba airlift to boost Bahamas as 'multi-nation' hub
DIRECT airlift between the Bahamas and Cuba will significantly boost this nation’s position as a regional “multi-destination” hub, and facilitate increased trade and commerce the two countries, a business executive said yesterday.
VAT 'won't help' needed growth
An Opposition MP yesterday warned that the introduction of Value-Added Tax (VAT) would not help the Bahamas generate the 5.5 per cent real GDP growth necessary to cut then unemployment rate 50 per cent.
SCOTT FARRINGTON: Place focus on yourself
CHOICE, what a powerful word that is. Here are five ways to sink or swim with your business ship.
Atlantis invests $1.2m in new wedding venue
Atlantis yesterday said its $1.2 million investment in a new wedding venue would take couples’ experience of the big day to a new level, enabling the resort to handle more than the 385 unions it saw in 2012.
