Petro versus luxury
ActivTrades
The petro fortunes from the Middle East are reshaping the latest list of the wealthiest families in the world. Oil billionaires, luxury dynasties and industrial tycoons are part of the list of the greatest fortunes. For the first time in a long time, there was a change at the top.
Gov’t wage bill’s $68m jump ‘not annual norm’
The Ministry of Finance's top official last night said the $68m year-over-year increase in compensation for government employees during the 2022-2023 fiscal year is "not an annual norm".
Promotion Board president urges 30% stopover focus
The Bahamas Out Island Promotions Board president yesterday urged the nation to near-double the proportion of stopover visitors that make up its tourism base to 30 percent.
Yacht broker alarm on 'dismal' winter charters
Bahamian yacht brokers yesterday warned charter bookings for the peak winter season are "dismal" with the sector "almost at a standstill" due to VAT's imposition and lack of clarity on how it works.
Gov't: We have maturing $300m US bond 'covered'
The Government is "very confident that we have covered" the $300m external US dollar bond due to mature in mid-January 2024, its top finance official said last night.
Water Corp must pay for Mangrove Cay 'trespass'
The Water & Sewerage Corporation has been ordered to pay damages for trespass after it installed key network infrastructure for supplying Mangrove Cay on property which it did not own.
IAN FERGUSON: Young entrepreneurs to require these qualities
YOUNG entrepreneurs do not necessarily have a lot of work experience - either because they just graduated from college, or entered the job market for the first time and want to start a new business venture. The encouragement they often receive is to get a job and work towards gaining experience that will later inform their entrepreneurial pursuits. The truth is that an early start on the road to enterprise can also prove beneficial to youth in business.
Family Island resorts eye renewable energy plans
Family Island resorts were yesterday introduced to an initiative designed to lower the upfront cost of renewable energy investments and make them more affordable.
Family Island locations 'blowing it out the water'
A senior tourism official yesterday said several Family Island destinations have been "blowing it out of the water" as the Government seeks to drive increased airlift to the destination.
Reforms to keep Bahamas off EU, OECD tax blacklists
A Cabinet minister yesterday said the latest reforms to the economic substance reporting regime are designed to remove The Bahamas from, and keep it off, tax-related blacklists.
BPL addresses Briland woes with fuel supplier
Bahamas Power & Light (BPL) yesterday said it is speaking to its supplier to ensure the fuel contamination that has disrupted Harbour Island's electricity over the past three weeks ceases.
AG: Tackling substance reporting woes is critical
The Attorney General yesterday said The Bahamas must address alleged deficiencies in its economic substance reporting regime to escape the European Union's (EU) tax blacklist.
Whistleblower secretly taped broker meetings
A Bahamian whistleblower secretly recorded an executive meeting at a now-defunct Nassau broker/dealer whose principal continues to battle US federal regulators in the Florida courts.
Construction’s fears on ‘bread and butter’
The Bahamian Contractors Association’s (BCA) president has voiced fears that construction’s “bread and butter” will be undermined if the declining trend in mortgage loan approvals persists.
Accountants urged one-year Business Licence audit delay
Bahamian accountants had urged the Government to delay the Business Licence audit requirement for firms with an annual turnover of $5m or more by one year, it was revealed last night.
