Tax hike measures branded ‘inevitable’
New and/or increased taxes are “inevitable somewhere down the road” as greater enforcement and collection efforts will be insufficient to meet The Bahamas’ revenue needs, an investment banker warned yesterday.
Self-inspection key to controlling risks
TODAY’S ever-changing business environment requires companies to implement a culture of dynamic risk management through effective internal controls to ensure their objectives are achieved.
$5bn investment approvals target
The Government is aiming to approve $5bn in investments by year-end, the deputy prime minister said yesterday, with half that sum having already been given the go-ahead.
Pintard challenges Gov’t over BPL’s fuel hedging
The Opposition’s leader yesterday challenged the Prime Minister and his administration to clarify whether Bahamas Power & Light’s (BPL) fuel hedging initiative will be renewed given that the present structure is set to expire at month’s end.
‘Put money with mouth’ to escape IMF clutches
The Bahamas must “put our money where our mouth is” and prove to global investors why it will not require an International Monetary Fund (IMF) programme to escape its economic and fiscal woes, a top banker said yesterday.
Arrested cruise ships fetch $128m in sale
Two cruise ships that have been under arrest in Bahamian waters for more than four months were yesterday sold for a combined $128m via auction, Tribune Business was told.
Opposition: ‘Shore up’ investors’ confidence
The Bahamas is “not doing anything to shore up” the confidence of investors who are “rightly concerned” about the country’s economic and fiscal prospects, the Opposition’s finance spokesman asserted yesterday.
Brewery succeeds in $1.2m tax challenge
Commonwealth Brewery has revealed it successfully challenged a $1.156m tax demand by the Government and is now awaiting its response to the arbitration ruling.
Disabled crane operators lose Weather Dept tornado claims
Three former Freeport Container Port operators have lost their bid to claim damages from the Government over disabilities and “extensive psychological trauma” resulting from the March 2010 tornado that devastated the firm’s operation.
Gov’t invests $1.5m in housing infrastructure
A Cabinet minister yesterday said the Government is spending $1.5m on infrastructure for its low-cost housing subdivisions during the upcoming 2022-2023 fiscal year.
‘Take bull by the horns’: $100m for agriculture
The Government is being urged to “take the bull by the horns” and facilitate the $100m investment required to revive a Bahamian agricultural sector that is “40 years behind” where this country requires it to be.
Airlines battle competing forces on price increases
Bahamian airlines have had to increase ticket prices by between 5-5.5 percent to offset soaring fuel costs as they battle to survive continuing COVID-19 and inflation-related challenges.
Grand Bahama to be ‘grand again’
A Freeport realtor yesterday affirmed transactions “are way up” due to revived buyer interest stemming from recent multi-million dollar investment project announcements, adding: “Grand Bahama is going to be grand again.”
COVID entry testing to end ‘even if not correct’
COVID “fatigue” and economic pressures will likely see The Bahamas follow the US lead and eliminate entry testing “even if it is not the right thing to do”, a prominent doctor conceded yesterday.
Former cruise destination chief loses $335k claim
An ex-Atlantis executive has lost his $335,000 constructive dismissal claim against a cruise tourism destination because its failure to pay his due salary was not the primary reason he resigned.
