Tour operator sees profit wipe-out in Licence fee rise
A Bahamian transportation/tour operator pioneer said yesterday his company was looking at an “almost double” increase in its annual Business Licence fee, adding that the added expense would wipe out its profits.
Minister pushes Bahamas as region's top trade hub
A Cabinet Minister has urged the Caribbean and Central America to view the Bahamas as the hemisphere’s pre-emminent trade hub.
Bahamas' EPA plan discussed
More than 40 private and public sector representatives have viewed the Bahamas’ draft National Economic Partnership Agreement (EPA) Implementation Plan at a Validation Meeting last week in Nassau.
Bank targets stability, not growth, for 2013
Commonwealth Bank’s chairman has told shareholders that 2013 will not be about growth, but stability and strength.
Sandals strike 'any day now'
LINE-STAFF at the Sandals Royal Bahamian resort could strike “any day now”, the president of the Trade Union Congress (TUC), Obie Ferguson, warned yesterday.
Marinas fear business losses from 15% VAT
The Marina Operators of the Bahamas (MOB) interim chief yesterday warned that a 15 per cent Value Added Tax (VAT) could cost this nation hundreds of millions of dollars, effectively “driving business out of the country”.
Realtors unveil nation wide webinar conference
Brokers, agents, appraisers and developers from throughout the country will participate in the first ever Bahamas Real Estate Association (BREA) Inter-island Webinar & Conference, scheduled for this morning at the Balmoral Club.
Investors unanimously re-elect Bank's Board
Commonwealth Bank’s shareholders have voted unanimously to return all 10 directors to the Board at its Annual General Meeting.
Tourism 'starving': The shop is bare
Bahamian tourism is “starving” because it has both failed to develop a unique product, a well-known architect believes, and not invested in creating key “attractions”.
Bahamas sees 'minimum' $30m flooding losses
The Bahamas has likely suffered a “minimum” $30 million loss as a result of the heavy flooding that hit New Providence last month, a top insurer has estimated.
Nassau Palm's new owners in $8m upgrades
A private equity group plans to invest $8 million in upgrading the Nassau Palm Resort after completing the downtown Nassau property’s acquisition on Friday.
Construction fears over 150% Business Licence fee increase
Most Bahamian construction firms are staring at a 150 per cent increase in their Business Licence tax rate, a senior industry executive warning the Government it was “trying to kill the goose that laid the golden egg”.
CHAMBER VOICE: Relaxation makes better workplaces
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AML: $2m in extra tax equals 60% of profits
AML Foods is facing a $2 million increase in its annual tax bill due to the Budget, a sum equivalent to 60 per cent of its projected net income.
More than 200 exploit property tax amnesty
Around 200 persons have taken advantage of the Government’s real property tax (RPT) amnesty to-date, a Cabinet Minister has disclosed.
