Moody’s claims that we’re optimistic? We have to be
The Bahamas must “hold the line” on government spending to build investor confidence that it is not solely relying on economic growth “to fund any errors” in its fiscal projections, a well-known banker urged yesterday.
‘Can’t look other way’: Queries on 47% of Business Licences
A Cabinet minister yesterday said the tax authorities simply “cannot look the other way” when 47 percent of Business Licence applicants are submitting no turnover or “exactly the same amount for the last three years”.
Bran: 'Can't water out of stone' over health VAT
A former Democratic National Alliance (DNA) leader is blasting the Government's "misguided decision" to change the VAT treatment of health insurance claims payouts, arguing: "You can't get water out of a stone."
Sarkis set for August 2024 trial on $2.25bn CCA claim
Baha Mar’s original developer will see his $2.25bn fraud and breach of contract claim against the project’s main contractor go to a full two-week trial before the New York state court in August 2024.
FTX’s Bahamas cash shrank 76% in month before collapse
Cash assets held by FTX’s Bahamian subsidiary were “materially depleted” to the extent they shrank by 76 percent - or more than three-quarters - in the five weeks immediately prior to the crypto exchange’s implosion.
Businesses ‘not asked to do Inland Revenue’s job’
A Cabinet minister yesterday denied that the Government is “asking business persons to do the Department of Inland Revenue’s job” by providing the agency with their landlord’s property tax assessment number.’
Customs import clearing system off-line ‘for week’
CUSTOMS’ system for electronically clearing goods has been down for the past week and is “holding up” The Bahamas’ import economy, brokers confirmed yesterday.
Aviation fees dispute hits ‘diplomatic level’
THE DEPUTY prime minister says the Government is engaging at the “diplomatic level” with the US government over airline accusations that The Bahamas’ air navigation fees are discriminatory and anti-competitive.
Gov’t to double its share of treasure
A multi-million underwater explorer yesterday said it is “still evaluating the economics” after the Government moved to double its share from treasure salvaging in Bahamian waters.
Bahamas liquidators explore FTX ‘restart’
FTX’s remaining Bahamas-based staff were paid a collective $635,297 through to end-January 2023 as provisional liquidators explore “options” that may include restarting its trading platform, it was revealed last night.
Bahamas ‘into line’ on economic substance
The Attorney General yesterday said reforms to bring The Bahamas’ economic substance regime “into line” are “not necessarily” designed to address the deficiencies that led to the country’s re-blacklisting by the European Union (EU).
Probe into ‘legitimacy’ of $7.7bn FTX withdrawals
FTX’s Bahamian liquidators are probing whether $7.7bn was withdrawn from its local subsidiary via “legitimate” transactions as they yesterday revealed virtually all countries are represented in its 2.4m-strong client base.
Cutting off workplace disputes at the root
Employees in the same workplace can often create discord through personal disagreements. Chances are that if you notice tension between employees, others within the office will too. Workplace discord comes in many forms, yet there is no one-size-fits-all solution for dealing with it. Such conflict not only threatens productivity, but creates tension in an environment that contributes to poor morale, absenteeism and even lower rates of employee retention. What can you do?
DPM rejects union chief’s neglect claim
THE DEPUTY prime minister yesterday rejected accusations by trade union leaders that he is neglecting their concerns and ignoring calls for intervention in workplace disputes.
‘Stop fattening pockets’ of foreign food suppliers
The Bahamas must “stop fattening the pockets” of foreign food suppliers by enabling its farmers to exploit more than $50m worth of meat and vegetable possibilities, an agriculture entrepreneur argued yesterday.
