Developer takes ‘Passion’ to his Love Beach project
A prominent Bahamian developer is taking his “Passion” to Love Beach with plans to construct two seven-storey condo buildings that will in total feature 61 three-bedroom units.
Mixed emotions
ActivTrades
The upward trend in the stock market continued into 2023 for a second week. The reporting season in the US traditionally starts with the balance sheets of the large financial institutions. However, their quarterly figures were mostly worse than expected.
Gov’t urged: ‘Drill down further’ on Business Licence suspicion
The Government must “drill down further” and obtain greater evidence to confirm its suspicions that many companies are under-reporting annual turnover to evade full payment of Business Licence fees.
Brokers sceptical on Customs chief’s ‘better than sliced bread’
Customs brokers remain sceptical that requiring them to fully integrate with the electronic import clearance system will be “the best thing since sliced bread” with many still viewing the move as “totally unnecessary”.
Bahamas: $176m aviation income ‘just and equitable’
The Bahamas’ plan to generate $176m from the first five years of its new overflight fees regime was defended to US aviation regulators as “just and equitable for all air space users”.
Businesses are warned: Stop ‘lying’ on turnover
The Government’s tax collection chief yesterday voiced scepticism that fewer than 20 percent of businesses meet the VAT registration threshold, and demanded the private sector “be truthful”.
‘Go-to’ contractor faces worker payment probe
A contractor, which advertises itself as “fast becoming the go-to” builder at Abaco’s Baker’s Bay development, was yesterday confirmed to be under investigation for alleged non-payment of Bahamian workers.
Customs to ‘vigorously pursue’ illegal alcohol
Customs’ top official yesterday pledged to “vigorously pursue” persons smuggling alcohol or selling it without the permission of Bahamian companies who have sole local distribution rights.
Pharmacies hopeful new price controls ‘cease’ next Tuesday
Pharmacies are voicing cautious optimism that their lower-margin price control regime could end as early as next Tuesday with the industry also pushing for a reduction in work permit fees.
IAN FERGUSON: Creative ideas to bring new businesses online
As people survey the world’s current business and political landscape, many are leaning towards entrepreneurial pursuits. And it should not be surprising that most new small business ideas in 2023 will involve an online model.
Scotia chief’s ‘Outlook’ on technology solutions
SCOTIABANK (Bahamas) top executive yesterday said he will focus on technology solutions for the country’s financial services access ills at next week’s Business Outlook conference.
Bahamian charters fear of ‘devastating impact’
Bahamian charter operators yesterday warned that being cut-off from the US due to the dispute over this nation’s overflight fees regime will have “a devastating impact” on their ability to survive.
Broker integration vital to end $50m Customs loss
The Ministry of Finance yesterday asserted that broker “integration” with Customs’ systems is vital to eliminating more than $50m in annual revenue losses amid a continuing dispute over whether such requirements are lawful.
‘Sooner the better’ over BPL base rate increase
Bahamas Power & Light’s (BPL) chief executive yesterday warned the utility’s base tariff rate must ultimately increase to offset “diminished returns”, adding: “The sooner, the better.”
Registrar General moves to finalise ‘data migration’
OFFICIALS from the Registrar General’s Department (RGD) will travel to the Cayman Islands next week to “finalise the migration of data” to a new online portal as efforts to digitise its companies section ramp up.
