LinkedIn gives VAT alert to Bahamians
Bahamians have been alerted that LinkedIn, the professional networking app, has become the latest digital economy app to impose 10 percent VAT with effect from July 21, 2022.
Bahamas must ‘levitate’ above digital evolution
The Bahamas “needs levitation devices” to rise above the rapidly-evolving digital assets space so that regulation lands wherever the “ground shifts”, a prominent banker is arguing.
No bank fall-out on ‘unfriendly’ Russia
The Central Bank’s governor yesterday reassured “there is no material impact to The Bahamas’ financial sector” from Russia’s decision to name this nation among “unfriendly” countries opposed to its invasion of Ukraine.
‘Balancing act’ to tackle petroleum dealer issues
The Prime Minister’s spokesperson says the Government is still trying to find a formula that brings the relief demanded by gas station operators but without inflicting more financial pain on already-struggling consumers.
The end of the show
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Poultry producer in halt after 3,000 chick deaths
A Bahamian poultry producer last night said it is suspending operations for a “minimum” three-five weeks, and laying-off ten staff, after a cargo bungle saw almost 3,000 of its chicks bake to death at Miami International Airport.
Payment provider targets 25-30% digital user growth
A Bahamian payments provider yesterday disclosed it is targeting “manageable” annual growth of 25-30 percent in digital wallet users while pledging to do its part in reducing the “fear” surrounding electronic transactions.
Oil spill ‘greater struggle’ if wind and tide different
FOCOL Holdings’ chairman yesterday conceded that cleaning-up Exuma’s 30,000-gallon oil spill would have been “a much greater struggle” if the wind and tide had taken the slick in a different direction.
Central Bank: Investors no longer ‘tepid’ on Gov’t debt
The Government’s domestic debt issues were fully subscribed for the first time in almost three years during the 2022 second quarter, the Central Bank has revealed, arguing that “tepid investor sentiment” has been reversed.
Lucayan sale closing ‘hinges’ on airport fix
The Government “must” fix Grand Bahama’s Dorian devastated airport if it is to close the Grand Lucayan’s proposed $100m sale, a former director of the resort said yesterday.
Exuma spill recovery ‘down to last 10-15%’
Exuma’s oil spill recovery was yesterday said to be “down to the last 10-15 percent” with the clean-up effort becoming progressively harder as more diesel fuel is pumped out.
IAN FERGUSON: The advantages from being an entrepreneur
The COVID- 19 pandemic has caused hundreds of Bahamians to consider - and reconsider - the idea of entrepreneurship. The massive lay-offs and furloughs pushed many employees to start home-based businesses as a means of turning over some revenue.
Realtor: One-third of deals fetch asking price or higher
A Bahamian realtor yesterday disclosed his average property sales price has “tripled” compared to pre-COVID levels with one-third of all transactions realising either what the seller is seeking or higher.
Activists urge oil spill contingency overhaul
Environmental activists yesterday urged the Government to upgrade the country’s oil spill contingency plan following the 30,000-gallon Exuma leak, adding that The Bahamas must move from “a panicked” to a controlled response.
LPIA: 75% of Airport Authority staff return
Some 75 percent of Airport Authority staff were yesterday said to have returned to work at the Lynden Pindling International Airport (LPIA) following Monday’s strike action that the Supreme Court deemed illegal.
