Gov't cost Freeport $1bn LNG investment
Freeport lost a $1 billion investment “solely” because the Government refused to approve a Business Licence, a leading QC calling on the Government to “stop tying a noose around the Grand Bahama Port Authority’s neck”.
Water provider alters model over 'killer utilities'
A leading water manufacturer says it had been forced to change its business model to help lower its high operating expenses, telling this newspaper that “utilities costs have killed us for the past four to five years”.
'Serious concerns' on maximising Bahamian jobs at Baha Mar
There are “serious concerns” that this nation will be unable to maximise Bahamian employment at Baha Mar and Grand Bahama’s Reef Village due to ‘skills gaps’ and a lack of qualified workers, the Inter-American Development Bank (IDB) has warned.
Bimini developer: we did submit EIA
RESORTS World Bimini has confirmed it has submitted an Environmental Impact Assessment (EIA) for its marina hotel and cruise ship dock development, a spokesperson telling Tribune Business that approvals relating to the EIA had been granted based on certain conditions.
Poultry farmer faces tough restaurant sell
AN Abaco based poultry producer says that roughly 70 per cent of its product is being gobbled up by Bahamian food retailers, but it is having a tougher time breaking into the restaurant market.
Tax Coalition not out to 'kill VAT'
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC)proposed tax reform committee is aiming to bring “more leadership to the debate”, its chairman emphasising: “This isn’t a Coalition to kill VAT.”
The consequences of VAT are real
Ishmael Lightbourne, consultant to the Ministry of Finance, in an ad hominem attack on the Nassau Institute describes the research report, ‘Consequences of the Value Added Tax for Bahamas’, as being “extreme, ridiculous, exaggerated and inaccurate”, and is being read because it “bashes” the Government.
Cable completes two US purchases
Cable Bahamas has announced that following the successful completion of its $135 million senior credit facility refinancing, it complated the acquisitions of Marco Island Cable and NuVu.
Insurers fearing VAT 'recipe for disaster'
The Government’s proposal to levy 15 per cent Value-Added Tax (VAT) on property and casualty insurance premiums was yesterday described as “a recipe for disaster”, although the Government has indicated a “willingness” to listen to industry concerns.
Private sector in Tax Coalition talks
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is holding talks with industry associations over the formation of a ‘Tax Coalition’, Tribune Business can reveal, as a tool “to figure out what commerce needs to do” over Value-Added Tax (VAT).
BISX: $6bn market cap if Gov't debt listed
The listing of $3.467 billion in long-term government debt would represent “the single biggest event in the history of the Bahamas International Securities Exchange”, its chief executive said yesterday, more than doubling its market capitalisation to over $6 billion.
Regulators 'lax' over listed firms info disclosures
The Securities Commission’s top executive yesterday admitted that regulators had been “lax” in ensuring public companies met their ‘information disclosure’ obligations, and said: “It’s something we have to tighten up on.”
CHAMBER VOICE: Sound methods for promotion
Everyone in life looks for promotion, advancement and acceleration in whatever activities they are engaged.
Abaco business owners 'opened up' to the IRS
The Abaco Chamber of Commerce is aiming to take the lead in informing residents with dual US citizenships about their obligations to the Internal Revenue Service (IRS) under the Foreign Account Tax Compliance Act (FATCA).
Accountant warns on Credit bureau 'shock'
The introduction of a credit bureau may create a “shock” for both the banking system and consumers, a leading accountant believes, warning that it could result in many Bahamians becoming ineligible to borrow.
