No VAT ‘holiday’ makes life harder for building suppliers
A building materials supplier yesterday voiced hope that this year may see another temporary VAT ‘holiday’ so persons can stock up on hurricane supplies even though the Davis administration has given no hint it will reinstate the practice.
Stock split revival with Fidelity ‘on $25m track’
Fidelity Bank (Bahamas) will unveil plans for its long-awaited stock split at next month’s shareholder meeting, its chief executive revealed yesterday, as it eyes a total $17.5m dividend payout to investors in 2022
Expanding law firm: ‘We don’t want to be Starbucks’
A Bahamian law firm says that while its Amsterdam expansion has paved the way for partnership discussions with European and African counterparts, it has no plans to become a “Starbucks” equivalent.
Court: Race ‘sabotage’ worker’s firing justified
The Island School’s former chief administrator, who was fired for bad-mouthing her employer as “a racist and sexist organisation that was willfully breaking” Immigration laws, has had her termination upheld by the Supreme Court.
Fishermen ‘ride out the storm’ of high fuel costs
Bahamian fishermen yesterday said they have no choice but “to ride out the storm” of high fuel prices amid hopes that crawfish prices for the fast-approaching season can provide some offset.
FOCOL chief: Make ‘every possible effort’ on Venezuela relief
FOCOL Holdings chairman yesterday urged the Prime Minister and his government to make “every possible effort” to have sanctions on Venezuela removed as the release of its oil will likely have “a material impact” on world markets.
‘Sky is not falling in’ on NIB - yet
THE Government still has multiple reform options to rescue the National Insurance Board (NIB) from collapse if it acts now, a pensions specialist asserted yesterday, adding: “The sky is not falling in” yet.
Ex-marina chief doubtful on PM’s yacht registry ambition
A prominent marina operator yesterday voiced doubt that eliminating 10 percent Customs duty on so-called “pleasure vessels” will spark development of a yacht registry as envisioned by the Prime Minister.
Bahamians take ‘partial’ medicine on VAT return
THE Democratic National Alliance’s (DNA) former leader says Bahamians have increasingly been obtaining “partial” as opposed to full prescriptions after VAT was reimposed on medicines with effect from January 1.
Lack of budget objectives hits climate spend analysis
THE absence of specific spending objectives in the annual Budget makes it difficult to assess whether the $126.5m allocated for climate change and disaster mitigation in 2021-2022 had the desired effect, it was revealed yesterday.
Cooking gas suppliers in 68% increase plea
Stressed dealers are pleading with the government for a 68 percent increase in the price of cooking gas to secure the industry’s survival in an “horrendous” climate where some are losing up to $500,000 per year.
‘Horrendous June’ cuts Aquapure’s output 40%
A Bahamian bottled water supplier has endured "an horrendous June" after equipment failure and a "bonkers" supply chain cut production for the month by 40 percent.
Health insurance VAT: 'This is not about money'
The Government has undertaken not to change the VAT treatment of private medical insurance claims until a full study is done, its top finance official asserting: "This is not about trying to get tax money."
Assessing how robust your security systems really are
The annual report on crime, and related trends, by the Commissioner of Police should be applauded. It is a commendable attempt at transparency, allowing members of the public - who are also major stakeholders in the fight against crime - to make assessments of the Royal Bahamas Police Force's performance, efficiency and reliability.
Technology provider eyes data recovery laboratory
A Bahamian technology provider says it is investing in a “data recovery laboratory” that will employ biometrics, and face and voice recognition, to help prevent fraud in an increasingly digital world.
