$500m-plus Bahamasair losses 'unacceptable'
The Government is looking to re-position Bahamasair as a carrier that brings tourists this nation, a Cabinet Minister describing its plus-$500 million losses since creation as “unacceptable”.
BISX urges: Drive the business to us
Fresh from the listing of its first SMART Fund, the Bahamas International Securities Exchange (BISX) yesterday urged local financial services practitioners to drive clients to it, adding: “The business comes here and lists somewhere else.”
Work begins on Genting resort
Site preparation and preliminary work is underway for the construction of Resorts World Bimini’s new marina hotel, the developer has announced. It has also mobilised personnel and equipment to support works for its new cruise pier.
Commission signs to key agreement
The Securities Commission of the Bahamas (the Commission) joined nine other regulators in Luxembourg last week to become a new signatory to the International Organisation of Securities Commissions’ (IOSCO) Multilateral Memorandum of Understanding (MMoU).
Sandals aids in coast clean-up
The Sandals Foundation collected 390 pounds of garbage in 39 bags, picked up by more than 49 volunteers, across New Providence and Great Exuma last Saturday during International Coastal Cleanup (ICC) Day 2013.
More than 200 receive financial certificates
More than 200 Bahamians received financial certifications and designations at the Bahamas Institute of Financial Services (BIFS) 37th annual awards ceremony.
Abaco stopovers 22% behind peak
Abaco’s 87,000 stopover visitors in 2012 were down 22 per cent from their pre-recession high, a senior tourism official yesterday revealing that negotiations were being held with a major US carrier to provide jet service beyond Miami and help fuel a turnaround.
Bahamas Waste 30% off profit forecast
Despite first-half profits that were 30 per cent below expectations, Bahamas Waste yesterday said it anticipates a “much better” final six months of 2013 after the Government expanded its residential garbage routes.
$6bn developers 'a little closer'
The developers behind a $6 billion resort project are “a little bit closer” to kickstarting formal government analysis of their proposal , with confirmation of the necessary financing still awaited by the Christie administration.
Cutting 1,000 companies to maximise VAT revenues
A top accountant yesterday backed the Government’s plans to slash mandatory Value-Added Tax (VAT) registrants by 1,000 firms, telling Tribune Business this would help to “maximize” revenues from the new tax.
$4.5m in assets caught in 2012 fraud complaints
The Royal Bahamas Police Force (RBPF) last year dealt with 450 fraud complaints involving $4.5 million worth of assets, it was revealed yesterday, as it called upon Bahamians to stop viewing this as a “victimless crime”.
Recession fears if VAT lowers consumer spend
A leading accountant yesterday warned that if the uncertainty surrounding Value Added Tax (VAT) sparked a decrease in consumer spending, it might push the Bahamas back into recession.
DPM: Abaco airport approvals 'vexing'
The Deputy Prime Minister yesterday reassured Abaconians that a completion date was “in sight” for the new Marsh Harbour International Airport, adding that his ministry had been unable to issue all the necessary project approvals due to technical concerns.
Ministry adviser slams 'ridiculous' Institute VAT study
A leading Ministry of Finance consultant yesterday blasted the Nassau Institute’s Value-Added Tax (VAT) study as “one of the most extreme, ridiculous and exaggerated” reports he had ever seen.
THE ART OF GRAPHIX: Shopping for the correct colour
You already know that colours are important, and how they trigger emotion, which have a real impact on a customer’s buying decision. This week we will discover how to adjust colours in Photoshop.
