'World has changed': IBCs taxed on foreign earnings
Bahamas-domiciled International Business Companies (IBCs) will have to pay tax on their overseas earnings from New Year's Day 2024 in an historic first for this nation, a senior official confirming: "The world has changed."
RF fund's $120m excess is 'good problem to have'
A Bahamian investment bank says its largest mutual fund is receiving investor subscriptions as fast as it can invest them, branding the situation as "a good problem to have".
CCA: Reverse Baha Mar sabotage 'in its entirety'
Baha Mar's contractor is seeking to overturn "in its entirety" a New York judge's verdict that it sabotaged Baha Mar's completion and orchestrated Sarkis Izmirlian's removal as the project's developer.
Fred to investors: 'Pay your fair share or look elsewhere'
The Progressive Liberal Party's (PLP) chairman has demanded that foreign investors "pay your fair share or look elsewhere" in response to push back over the Government's various new tax and revenue-raising measures.
BTC launches 'same speed' fibre packages
The Bahamas Telecommunications Company (BTC) has unveiled fibre packages that all provide the same Internet upload and download speeds as it seeks to deliver faster and more reliable connections.
'Grab the wheel tighter' in recessionary times
An entrepreneur says small businesses must “grab the steering wheel a little tighter” during a recession to ensure they have a better grip on their operations.
Global hike
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The Bank of England, the UK central bank, is raising interest rates to 5 percent in the fight against inflation.
BPL sees 'negligible' disconnection jump
Bahamas Power & Light (BPL) yesterday said it has seen a "negligible" increase in disconnections, with fewer than 2 percent of accounts cut-off in May, as consumers brace for the 163 percent peak fuel charge increase.
MP: Crown Land approvals four times' more than Minnis
The Davis administration was yesterday said to have approved in less than two years more than four times' the number of Crown Land applications granted by its predecessor during its whole term in office.
Tourism Development chief unveils 'City Pass' initiative
The Tourism Development Corporation's (TDC) head yesterday unveiled the development of a 'City Pass' that is designed to encourage locals to "fall in love with The Bahamas again" and boost domestic tourism.
Architects' chief 'can't let go' Building Control fight
The Institute of Bahamian Architects (IBA) president says his legal battle with Building Control "can't be let go" for the profession's greater good after he was refused permission to appeal to the Privy Council.
Abaco broker 'defrauded' on $9m crypto tech stake
An Abaco-based broker is alleging it was defrauded out of obtaining an up to $9m equity ownership stake in a technology outfit providing services to the global digital assets industry.
IAN FERGUSON: Why small businesses must rethink bank loans
Capital is critical to any business, enabling companies to acquire the necessary resources to start up, expand and maintain operations. Access to capital is thus essential for a business to grow and succeed in a competitive market. This becomes critical for small businesses that have limited capital to begin with, yet are competing against medium and larger companies with greater economies of scale.
Rent Control ineffective for protection of tenants
The Rent Control Act (RCA) was yesterday branded out-dated and ineffective by price control officials because it only applies to real estate valued at less than $75,000.
Budget sticks to planned targets
The Ministry of Finance's top official says the strength of the 2023-2024 Budget is that its projected $131m full-year deficit target largely aligns with the forecasts unveiled just months earlier in the annual Fiscal Strategy Report.
