Insurers to Gov’t: ‘We’re in this together’ with tax
Bahamian insurers yesterday said they have presented the Government with recommendations for solving the industry’s twin tax-related concerns without causing “disruption or confusion” in the market.
‘Plenty of time’ to work out yacht charter VAT
The Association of Bahamas Marinas (ABM) president yesterday voiced optimism that any “kinks” with VAT’s imposition on yacht charter fees will be resolved before “high season” after a summer that was “spot on” with pre-COVID volumes.
Bahamian broker’s clients in $1.3m ‘hacking’ fraud
Clients of a now-defunct Bahamian broker/dealer have been accused of abusing its accounts to both conduct and conceal a computer hacking-related securities fraud that netted them $1.3m in collective illegal profits.
Chamber chief backs North Andros mining
The Andros Chamber of Commerce president says opinion the island is favourable towards a multi-million aggregate mining project proposed by Cameron Symonette and his business partners.
Atlantis eyes up to 40% cut in cruise day visitors
Atlantis plans to “moderate” the number of cruise passenger day visitors to 60-70 percent of pre-COVID levels, it was disclosed yesterday, with the resort “definitely” set to meet or exceed its 2022 financial targets.
IAN FERGUSON: How to make a difference in climate change battle
The concepts of sustainability and conservation have become top of mind for many businesses who understand the local and global implications of climate change. Avoidance is no longer an option. We must all play a role in making business decisions that help heal our planet. Science has been clear in telling us that every little bit helps. With all hands on deck, lifting and promoting practices that are eco friendly, we can see the positive impact.
Taxi plates issuance branded ‘a big mess’
Drivers yesterday asserted that the Road Traffic Department has been forced to suspend the issuance of new taxi plates because some have ended up “in the hands of hooligans”.
2,000 people fed at Island Luck Cares Foundation event
MORE than 2,000 people were fed through a food drive organised by The Island Luck Cares Foundation yesterday at Windsor Park.
Price gouge warning: Fear Abaco’s ‘loyal visitors’ lost
Abaco’s Chamber of Commerce president yesterday appealed to businesses not to price gouge for fear it could drive away “the loyal visitor base” that has stuck with the island through its Dorian and COVID travails.
‘Lost opportunity’ to plan Dorian revival
Abaco’s Chamber of Commerce president yesterday said the island had suffered “a lost opportunity” to properly plan its sustainable post-Dorian rebirth while warning that the current housing shortage is “stifling our growth”.
‘Slow death’ fears if spend cut too deep
A small business advocate yesterday voiced fears the sector will suffer “a slow death” if Bahamians cut back too much on spending after the Prime Minister’s inflation warning, adding: “We don’t want to frighten people.”
BISX-listed fund still eyeing downtown parking solution
A BISX-listed fund yesterday declared its continuing interest in solving downtown Nassau’s parking woes by redeveloping the Registrar General’s former home as it renews ambitions to expand to a $100m property portfolio.
Will drawn up by former Deputy PM not fraudulent
A Supreme Court judge has rejected allegations that a will drawn up by an ex-deputy prime minister and his law firm on their client’s behalf was “fraudulent”.
LAZAR CHARLTON: Riding the COVID roller coaster back to normality
Up and down goes the COVID-19 roller coaster, and we all have no choice but to stay on the ride. It does not matter if you get (motion) sickness, or simply just want off; we all have learned to just keep moving forward or, in fact, hurtle forward in an effort to catch up to the time we think we have lost.
Mortgage Corp cuts Nassau loans delinquencies to 30%
THE Bahamas Mortgage Corporation has slashed Nassau loan delinquencies by 20 percentage points, its chair disclosed yesterday, adding that too many borrowers believe they can escape paying because it is government owned.
