Bahamas tariff model deemed ‘back to front’
The Bahamas’ tariff structure is the reverse of the conventional model applied by most countries to protect domestic producers from foreign competition, the draft National Trade Policy argues.
Ex-BPL union chief wants 74-month payout restored
A former Bahamas Power & Light (BPL) managerial union chief will today seek permission to appeal a verdict that slashed his “handsome windfall” of $621,000 in termination compensation by more than 75 percent.
BISX ‘on it’: Exploring carbon credit potential
The Bahamas International Securities Exchange (BISX) is exploring whether to add carbon trading to its business model, its chief executive pledging: “We’re on it.”
Cutting red tape to new investors
The Bahamas must slash the time required to approve investment projects from “more than 60 days” to seven or less if it is to remain economically competitive and transform a “bureaucratic, onerous and antiquated” process.
Retailer’s Independence sales on pace to ‘triple’
A Bahamian retailer yesterday said sales of Independence Day memorabilia are on track to triple year-over-year, with business so strong he has had to “turn some away”.
‘No impact’ to tourism from US COVID surge
The Bahamian tourism industry has seen “no impact” from the recent rise in COVID-19 cases in the US, a senior hotelier said yesterday.
‘No victory lap’ as VAT 10% up on pre-COVID
The Ministry of Finance’s top official yesterday said there is “no victory lap yet” despite the Government’s modest $46.2m April surplus due to the continued existence of a likely “substantial tax gap”.
Judge blasts attorneys over ‘lazy indulgence’
A Supreme Court judge has slammed the “lazy indulgence” of Bahamian attorneys in swearing affidavits containing “material” evidence without knowing the facts because it could “embarrass and prejudice” legal cases.
Exporters told: Prove no domestic financing
Bahamian exporters must first prove to the Central Bank that they have been rejected by all domestic financing sources before they will be given approval to seek out alternative funding from overseas.
The wrong Tweet
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Atlantis eyes $500m in fresh investment
Atlantis is on target to “exceed” 90 percent of pre-COVID occupancy levels for the 2022 full year, a senior executive has revealed, as it eyes “well over $500m” in new investment for this decade.
Legal battle looms over Treasure Cay rejection
A controversial Austrian financier is preparing for a legal battle after his bid to acquire Abaco’s Treasure Cay resort property was rejected by the Government.
‘Frustration’ mounts over new Eleuthera water woe
The Water & Sewerage Corporation says it has voiced “frustration” to its central Eleuthera water supplier over mechanical breakdowns that left some customers without service from Independence Day evening.
PM urged: Take ‘definitive’ stance over oil exploration
An environmental activist is again demanding the Government take a “definitive” stance on oil drilling in Bahamian waters as he branded this nation's efforts to combat climate change a “fallacy” without banning such activities.
‘Appetite for more’: Deals for $150m in capital eyed
A Bahamas-based investment banker has revealed three further capital raisings, each worth between $20m-$50m, are set to launch this year while asserting: “There’s definitely appetite for more transactions.”
