Auto industry urges $15k low threshold
The Government was yesterday urged to increase the lowest auto tax bracket threshold from $10,000 to $15,000, on the grounds this would enable Bahamians to better afford more efficient, environmentally friendly new vehicles.
Licence fee rises 'will not break' private sector
The “marginal” Business Licence fee increases are “unlikely to be the proverbial straw that breaks the camel’s back”, a former finance minister said yesterday, praising the 2013-2014 Budget for “hitting more than the right notes”.
Cash for Gold firms question closure 'jump'
NATIONAL Security Minister Bernard Nottage said yesterday that he wanted ‘Cash for Gold’ enterprises to be closed down, a move one operator said would only hurt Bahamians legitimately selling or pawning jewellery to “make ends meet”.
Grid tie-in key to renewable energies
LEGISLATION permitting renewable energy grid tie-in is key to the sector’s growth in the Bahamas, one provider yesterday estimating that households could see a 15-30 per cent reduction in energy consumption via solar water heaters.
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Developers eye $90m San Salvador project
A third-party developer is in talks with the Government over a proposed $90 million investment to expand San Salvador’s Club Med property and wider tourism industry.
PM promotes 'close' Out Island projects
PRIME Minister Perry Christie said yesterday that the Government was “very close” to granting final approval for the $8 million purchase of Exuma’s February Point development by Florida-based developer, John McGarvey.
Gov't assesses wrecked auto ban, disposal fee
A leading dealer yesterday backed a Cabinet Minister’s suggestion to ban the importation of vehicles without proper titles, disclosing that the Government was looking to prohibit both wrecked autos and introduce an ‘environmental/disposal fee’ for older cars.
Regulatory reforms top private wealth challenge
Regulatory changes are the greatest challenge for private wealth management firms, a report by Capgemini and RBC Wealth Management has found.
Fund's 'flagship' targets 10% pts occupancy growth
The Bahamas Property Fund is targeting a 10 percentage point increase in occupancy rates at its flagship downtown Nassau building to 80 per cent by year-end, having successfully leased “a couple thousand square feet” for 2013 to-date.
Communications in 6% licence burden 'hit'
The 2013-2014 Budget will make the communications sector one of the Bahamas’ most heavily taxed industry, a major player estimating that its various licence fees now equalled around 6 per cent of total annual revenues.
Study 'backs' wind powered water plant expansion
A RENEWABLE energy provider has seen “better than expected” results from its 12-month wind study on Eleuthera, its president yesterday expressing optimism about the possibility of expanding its wind-powered desalination plant concept to other Family Islands.
Cable 'not given up' on 27% TV price increase
A Cable Bahamas executive yesterday suggested its application for a 27 per cent increase in basic cable TV prices would have been approved “in any other jurisdiction”, indicating the company had not given up on efforts to persuade regulators to reverse their rejection.
Gov't told: 'Fine tune' first-time buyer tax break
A leading attorney yesterday said there was still time “to fine-tune with certainty” the latest first-time buyer Stamp Duty exemption, as he admitted the profession had been unable to “decipher” the Prime Minister’s Budget statement on the subject.
Striping firm overhauls Exuma's road markings
Bahamas Striping has overhauled George Town’s roads with new traffic control markings. Over several days and two trips, the Bahamian striping company laid down stop junctions, a zebra crossing, and centre and edge lines enhanced with high visibility retro-reflective road studs or ‘cats eyes’.
