Condo project enjoys $5-$6m January sales
THE Caves Heights development has generated $5-$6 million from condo sales in January alone, its vice-president of sales and marketing yesterday telling Tribune Business the oceanfront development was aiming to double last year’s performance.
Freeport 'pacesetter' for implementing VAT
The Government and private sector were yesterday urged to “emulate” Freeport’s bonded goods practices as a model for implementing Value-Added Tax (VAT) throughout the rest of the Bahamas, a well-known QC describing the city as a reform “pacesetter”.
Wall Street backs VAT as 'good first step'
Wall Street yesterday described the Government’s plan to introduce Value-Added Tax (VAT) by 2014 as “a good first step” to tackling the Bahamas’ fiscal woes, given that it could have “dragged out” much-needed reforms.
Family Island growth needed for 80,000 population shift
A leading small business consultant yesterday called for more incentives to foster Family Island development, telling Tribune Business that New Providence had “maxed out” and a population shift off at least 80,000 was needed.
Card hacking: No fraud signs yet
A top banker yesterday said no evidence had yet emerged to suggest that Bahamas-based commercial banks or their customers had suffered a “major fraud” as a result of any external link of their credit card details.
Brewery recycling over 50% of bottles
THE KALIK beer brand is continuing to grow off a strong 2012 performance, Commonwealth Brewery’s managing director said yesterday, adding that it maintains a strong market foothold after 25 years.
MARKETING REVOLUTION: Calls for proper phone behaviour
The other day I was sitting at home relaxing and reading my e-mail on my desktop computer.
Chamber Board eyes 'desperately needed change'
The Grand Bahama Chamber of Commerce’s newly-inducted Board of Directors hope their tenure will act as a catalyst for the change that is “desperately needed” on the island.
Government launches FATCA survey
The Ministry of Financial Services yesterday said it had joined forces with industry regulators to launch a survey that will assess the financial services sector’s readiness for the Foreign Account Tax Compliance Act (FATCA).
Oceania homeowners demand $6.9m refund
Homeowners at the controversy-plagued Oceania Heights project are demanding that the developers repay them a collective $6.95 million, although one yesterday said he expected an offer of nothing better than “50 cents on the dollar”.
Regulator blocks City Markets' investor meeting
City Markets failed to hold its advertised shareholder meeting yesterday after the Securities Commission blocked the now-defunct supermarket chain from doing so, Tribune Business can reveal.
QC urges 'hybrid' IGA for Bahamas FATCA compliance
A leading QC yesterday urged the Government to comply with the US Foreign Account Tax Compliance Act (FATCA) by negotiating a “hybrid agreement best suited to our national interests”, while warning that it would be “very dangerous” for the Bahamas if Europe adopted the same approach.
Arbitration Centre plan 'will not succeed' if Immigration Inflexible
The Bahamas’ International Arbitration Centre ambitions have “no real prospect of being successful” unless this nation adopts a “smart” Immigration policy that allows parties to bring in their own, foreign attorneys, a leading QC warned yesterday.
No trickle down from $1.5 billion FDI
Despite the Bahamas enjoying $1.5 billion in foreign direct investment (FDI) inflows in 2012, a Cabinet Minister yesterday said very little of this had trickled down to small and medium-sized enterprises (SMEs) over the years.
Manufacturers uncertain over VAT's impact
BAHAMIAN manufacturers yesterday said they were uncertain about what the implementation of a Value Added Tax (VAT) system would mean for the ssector, telling Tribune Business it still needed protection.
