Harbour Island set for banner real estate year
Harbour Island is set to record one of its best years in real estate, according to Robert Arthur, Coldwell Banker Lightbourn Realty’s sales associate.
'Minimum' 200,000 visitor boost from gaming reform
The Bahamas will attract a “minimum” 200,000 new tourists annually if the Government adopts all the casino industry’s reform proposals, a senior executive saying: “This is one Bill that can actually grow the economy.”
AML moves on $1.25 million Carl's Jr ground breaking
AML Foods will break ground on its first $1.25 million Carl’s Jr outlet “a week on Monday”, its chief executive yesterday saying the move highlighted its focus on ‘low volume, high margin’ businesses in the wake of the Budget’s tax increases.
CWC seeks 'particular' terms over BTC talks
PRIME Minister Perry Christie yesterday indicated that the Government would likely reject terms sought by Cable & Wireless Communications (CWC) for it to give up majority equity ownership in the Bahamas Telecommunications Company (BTC), adding that talks between the two sides were in the final stages.
PM accuses critics of VAT 'distortion'
PRIME Minister Perry Christie yesterday hit back at critics of the Government’s proposed Value-Added Tax (VAT), accusing them of “distortion” and urging the International Monetary Fund (IMF) to publicly back his administration’s plans.
AML profits fall 62% on consumer spending decline
AML Foods yesterday unveiled a 61.8 per cent profit decline for its second quarter, blaming a combination of internal issues and a 5-6 per cent decline in per head consumer spending from mid-year 2013.
Top regulator: VAT doesn't alter tax system's regression
The Securities Commission’s acting top executive has warned that Value-Added Tax (VAT) will extend the regressive nature of the Bahamian tax system, with the Government unwilling to tackle the income tax “sacred cow”.
$29.5m Hurricane Hole's asset swap
KERZNER International has swapped the former Hurricane Hole Marina site with Atlantis’s new owner, Brookfield Asset Management, exchanging it for other real estate assets.
Atlantis sports book goes 'gangbusters'
Atlantis’ new $5 million sports book has been going “gangbusters” since it opened three weeks ago, Brookfield Hospitality’s president and managing director said yesterday.
CHAMBER VOICE: You're on notice! Improve service
For many years there has been a public outcry over the need for improved customer service relations in the Bahamas. Most people now see the direct correlation between service levels and the bottom line. Generally speaking, companies who do not deliver great customer experiences do not perform very well in the marketplace.
Chamber appoints new Institute head
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has appointed Keshelle Kerr as the new executive director of the Chamber Institute.
Island's 'all-time low' via 30 per cent aviation slump
Long Island yesterday became the second Bahamian island to declare private aviation visits were at “an all-time low”, with Stella Maris’s fixed-based operation (FBO) owner revealing fuel sales had slumped to their worst level since he acquired the business 15 years ago.
Over 1,000 firms escape mandatory VAT registration
The Government yesterday estimated it would lose over 1,000 mandatory Value-Added Tax (VAT) payers in increasing the registration threshold to $100,000, but would still “capture” almost 98 per cent of economic activity.
Customs attendance fees off-limits for Grand Bahama Chamber action
Grand Bahama Port Authority (GBPA) licensees have been advised that the new 1 per cent Customs administrative processing fee and Environmental Levy breach the Hawksbill Creek Agreement (HCA) and should be challenged in the courts.
Government backtracks on electricity bill VAT
A Cabinet Minister yesterday indicated the Government was modifying some parts of its Value-Added Tax (VAT) plans, agreeing it would be “inconsistent” with the Government’s election promises to levy it on electricity bills.
