Chamber chair: Make tax reform reality by 2013 Q4
The Bahamas must make tax reform happen as early as the 2013 fourth quarter, the Chamber of Commerce’s (BCCEC) chairman urging the Government to adopt an “aggressive approach” to managing the economy.
‘Land theft’ concerns on Quieting Titles Act
The London-based Privy Council has reiterated concerns that the Bahamas’ Quieting Titles Act can be used to steal land, saying it was “no accident” that it has heard numerous title disputes from this nation.
NAD sees 5% passenger traffic fall over Christmas
OUTBOUND passenger traffic from the Lynden Pindling International Airport (LPIA) into the US over the Christmas holiday period decreased 5 per cent year-over year, according to airport operator, the Nassau Airport Development Company (NAD).
Bay Street enjoys ‘steady’ Christmas
BAY Street merchants have described business this past Christmas season as “steady”, several telling Tribune Business they were pleased with sales over the holiday period.
Moody`s `warning` Bahamas: Look again at fiscal targets
The Bahamas has received a “warning” from Wall Street that it may need to look at its fiscal projections again, a former finance minister adding that until the Mid-Year Budget the “jury is still out” on the Christie administration’s plans.
Moody's: Budget 'overly optimistic'
Wall Street believes the Government’s plan to balance its Budget by 2016-2017 is “overly optimistic”, as it requires an “unprecedented” positive swing of almost $400 million on the primary side alone.
Bahamas suffers ‘largest’ debt growth in Caribbean
The Bahamas has suffered “the largest relative increase in government debt levels” in the Caribbean over the past five years, with a Wall Street rating agency predicting central government debt will hit 60 per cent of GDP by 2015.
Bahamas faces recession if US falls over ‘fiscal cliff’
The US could tip the Bahamian economy back into recession within eight months unless Washington reaches a deal by tonight to avert its so-called ‘fiscal cliff’, a former finance minister has warned.
Communications sector rebounds through 3.7% growth in turnover
The Bahamian communications industry saw its total turnover increase 3.7 per cent year-over-year to hit $444 million in 2011, regulators have estimated, despite cellular phone subscribers falling by 90,000 since 2009.
Bahamas loses stopover tourist market share to Caribbean rivals
The Bahamas has been “losing stopover market share” to rival Caribbean destinations ever since the recession hit in 2008, its share of the region’s land-based tourists having fallen by more than one percentage point over a four-year period.
CHAMBER VOICE: Old questions for your New Year
It is customary to make resolutions during these last few hours in an outgoing year.
Big Game full for New Year
THE Bimini Big Game Resort & Marina will be sold out heading into the New Year’s Day holiday, according to general manager Michael Weber.
Bahamas ‘cannot afford’ to lose family businesses
The Bahamas and other countries “cannot afford to lose” the economic impact and job creation stemming from family-owned businesses, an expert in the field believes.
Hotels eye 5-7% peak winter rate increases
A leading Bahamian hotelier yesterday said resorts were looking at a 5-7 per cent year-over-year room rate increase for the peak 2013 Winter season, adding that it was “premature to ring the Doomsday Bell” over the so-called US ‘fiscal cliff’.
Gov’t urged: Follow Family ‘model’ on Commercial Court
The proposed Family Court provides a “model” for the development of a dedicated Commercial Court, a leading QC said yesterday, describing such a move as critical to “the rebranding of the Bahamas as an international business centre”.
