Financial provider in Dubai, Shanghai office expansions
A Bahamian financial services provider yesterday said it was positioning itself “at the cutting edge” through plans to open offices in Dubai and China within the next year, establishing “gateways” to the fastest-growing private wealth markets.
BREA, Gov't 'singing from same hymn book'
The Government has made no decision on possible changes to key policies, with the Bahamas Real Estate Association’s (BREA) president saying yesterday: “We’re all singing from the same hymn book.”
Projects denied over investment policy 'conflict'
Investment projects are being denied approval because they conflict with the Government’s National Investment Policy, a private sector group has said, with investors also frustrated by “communication breakdowns” between different agencies.
'No 100% escape' from VAT's grip
There is “no 100 per cent escape” from the proposed Value-Added Tax (VAT), a senior official has warned, while acknowledging the private sector must realise the Government is “serious” about collecting all due revenues.
Gov't urged: Push small business over VAT limit
THE Government was yesterday urged to help push small and medium-sized businesses (SMEs) over the threshold that would force them to register to pay Value-Added Tax, a leading consultant telling this newspaper that failing to do this would negatively impact national development.
RICHARD COULSON: Cable showing the way for other public firms
For the first time we see a major Bahamian company, actively traded on BISX, spreading its wings to do business abroad.
Banks team with Ministry over student sponsorship
The Association of International Banks and Trust Companies (AIBT) and the Ministry of Financial Services are sponsoring a second College of the Bahamas (COB) student who will be attending a Spanish course in Mexico.
BTC owner 'anticipates' cellular rival by end-2014
The Bahamas Telecommunications Company’s (BTC) majority owner is “not anticipating” any extension to its existing monopoly, and is preparing to go head-to-head with a rival cellular competitor before end-2014.
Ministry's 'strong support' for $100k VAT threshold
Increasing the compulsory Value-Added Tax (VAT) registration threshold to a $100,000 annual turnover has “strong support” within the Ministry of Finance, as it would still capture almost 98 per cent of economic activity.
Blackbeard's Cay Judicial Review moves step closer
Environmental activists believe they have “little choice” but to launch a Judicial Review challenge to the $5 million Blackbeard’s Cay project, after the developers received all the necessary approvals from the Government.
Ex-BREA chief: Avoid 'xenophobia driven populism'
A past Bahamas Real Estate Association (BREA) president has urged the Government to stop pandering to “populist politics driven by xenophobia” on potential policy changes impacting the industry.
Central Bank: Economy not cutting jobless rate
The Central Bank of the Bahamas has warned that the Bahamian economy is not expanding fast enough to reduce the 13.7 per cent unemployment rate, with tourist arrival growth less than one-third of 2012’s performance.
'Crazy' policies deter 'gung ho' property buyers
A leading realtor has described as “crazy” government policies that are stifling the Bahamian economy, warning that previously “gung ho” buyers were now starting to hold-off on purchases.
Accountants aim to 'speed up' anti fraud measures
A top accountant is aiming to “speed up” the sophistication of anti-fraud measures adopted by Bahamian businesses, as the average 5 per cent revenue loss threatens to “wipe out” many companies.
Baha Mar eyes 'truly 'international' reach
BAHA MAR executives are trying to position the mega resort as a “truly international destination”, its chief marketing officer telling Tribune Business that a significant amount of marketing dollars was being pumped into its North American campaign.
