Cheque end ‘solving non-existent problem’
A Bahamian businessman says the Central Bank and its licensees are seeking to “solve a problem that does not exist” with their drive to eliminate the use of cheques by year-end 2024.
Goodman’s Bay property opens to $1.5m bookings
A NEWLY-opened Goodman’s Bay resort has more than $1.5m worth of confirmed bookings during its initial months, its developer revealed yesterday.
$64K NIB SALARY AS MUCH AS AUDITOR’S: IDB says ‘bloated’ cost structure highlighted by average income
National Insurance Board (NIB) employees enjoy an average $64,000 income that nearly matches the earnings of the Government’s top financial watchdog due to a bloated cost structure, a study has revealed.
Insurers dismiss VAT Act ‘misinterpretation’
BAHAMIAN health insurers yesterday said “no one wants to pay an additional 36 percent on their medical insurance” from April 1, 2023, when consumers will have to bear the full VAT burden on claims payments.
IAN FERGUSON: Customer loyalty brings its rewards
There is no doubt that attracting new customers is essential for your small business. Every business person, especially proprietors of micro, small and medium-sized businesses, are always hungry to increase market share. Turning those first-time buyers into repeat customers, however, is arguably just as important.
PM: ‘Happy medium’ was goal on health claims VAT
THE PRIME Minister says the Government sought to achieve “a happy medium” in ensuring health insurance companies are no longer able to reclaim VAT on claims payment made on the patient’s behalf.
UPDATED: BPL’s hedge mishandling to cost Bahamians $150m
Bahamians have been burdened with a $150m bill due to the mishandling of Bahamas Power & Light’s (BPL) fuel hedging strategy, it was revealed yesterday.
Gov’t revenues beat early goal by $50.6m
The Government’s top finance official yesterday said “close to $50m” in real property tax arrears has been collected during the 2022-2023 fiscal year’s first seven months as it seeks to crack down on tax and bill duckers.
Corporate income tax paper before Q1 end
The Government is hoping to release a public consultation paper on possible corporate income tax reforms before the 2023 first quarter’s end, it was revealed yesterday.
‘No new tax measures’ for $4bn revenue goal
The Government’s top finance official yesterday reiterated his optimism that “no new tax measures” will be required to grow its revenues by some 43 percent to over $4bn during the next four years.
Pintard slams ‘nonsensical’ fiscal strategy report delay
THE Opposition’s leader yesterday blasted the “nonsensical explanation” given by the Prime Minister for why the Government was two-and-a-half months late in releasing its key fiscal strategy document.
National debt forecast to peak at $11.462bn
THE Government yesterday forecast that the national debt will peak at $11.462bn in the next fiscal year with its ratio as a percentage of economic output declining steadily to 67.1 percent by 2026-2027.
Debt report’s ‘worrying story’ for The Bahamas
A GOVERNANCE reformer says a recently-released report on Caribbean debt levels tells a “worrying story” for The Bahamas and its regional counterparts as they battle to overcome the fall-out from countless hurricanes and COVID.
$800m Abaco project branded a ‘God-send’
ABACO’S Chamber of Commerce president yesterday said the $800m investment project targeted at South Abaco will be a “God-send” for the area’s residents.
Abaco Club opponents in partial Privy Council win
Activists yesterday won a partial Privy Council victory in their battle to prevent public interest legal challenges from being priced out of the Bahamian justice system.
