Bahamas can enjoy $177m boost from near-home focus
The Bahamas could increase goods exports by some $177m if it maximises its “nearshoring” potential, an Inter-American Development Bank (IDB) study disclosed yesterday.
DEREK SMITH: Compliance amid rapid business change is key
Internal and external stakeholders, particularly in the areas of data protection and environmental, social and governance (ESG) responsibility, are placing increasing emphasis upon compliance. This compels chief compliance officers, chief risk officers and other executives to create a more flexible and responsive compliance function, even as they manage rising costs and company-wide expense-cutting pressures.
Petroleum retailers fear ‘implosion’ as gas hits $7
Petroleum retailers yesterday warned the industry could “implode” unless the Government urgently adjusts the price-controlled, fixed margin business it has laboured under for decades as gas prices breach the $7 per gallon mark.
Bahamian exporters hit by LPIA cargo scan woe
Cargo scanning woes at Lynden Pindling International Airport (LPIA) have blocked frustrated Bahamian exporters from sending thousands of dollars in native products to Europe since last year, Tribune Business can reveal.
‘Stay tuned’ for share offering, says Doctors
Doctors Hospital says investors will “hear from us in the next quarter” on plans to finance its multi-million dollar Bahamian healthcare expansion via an equity share offering.
Revenue chief: ‘No choice’ in pursuing $800m arrears
The Government’s top revenue official has admitted that the failure of successive administrations to enforce compliance with the law has resulted in the $800m “astronomical arrears” over real property tax.
IDB’s taxpayer boost for $385m Gov’t bond issue
The Bahamas will this week seek to limit the debt servicing burden for taxpayers via an Inter-American Development Bank (IDB) guarantee that will underwrite most of its $385m foreign currency bond issue.
Gov’t set to ‘pursue’ Qatar on Bahamas aviation hub
The Government will “continue to pursue” Qatar Airways to establish an aviation hub in The Bahamas that can service Latin America and the wider Western Hemisphere, the deputy prime minister has pledged.
Food security
ActivTrades
The shockwaves caused by Russia’s invasion of Ukraine continue to reverberate, transcending the nations directly involved and the wider European region. The impact has been profound and felt globally, both in the political and economic spheres.
VAT boost from $2bn real estate purchases
More than $2bn in real estate sales were brought forward for stamping and the payment of taxes during the first 11 months of the 2021-2022 fiscal year, it has been revealed.
‘Can’t be left behind’ in competitive world
The global pandemic has presented us with many opportunities and lessons for creating a society that is more sustainable and better prepared.
Aviation relief as ‘really ugly’ outcome averted
Bahamas Customs has apologised for its now-aborted efforts to introduce a new border control system for private aviation that could have produced “a really ugly” outcome if implemented.
Bank chief challenges PM over $80m ‘revenue loss’
A Bahamian commercial bank chief yesterday challenged the Prime Minister’s assertion that the Government lost $80m in revenues through the sector’s 2018 tax structure change to meet the European Union’s (EU) demands.
PM ‘confident’ over bank tax despite blacklist fear
The Prime Minister yesterday voiced “confidence” that changes to commercial bank taxation will not violate existing agreements with the European Union (EU) despite Opposition fears it “could shake the foundation of our credibility”.
PM: Property tax arrears at $800m
The Prime Minister yesterday revealed that real property tax arrears now total $800m as he pointed to the Government's plan to allocate all past due revenues to paying off the national debt when collected.
