Airlift ‘bane of everyone’s life’
Andros has exceeded last year’s total stopover visitors by 66.5 percent in just the first four months of 2022, it was revealed yesterday, despite airlift woes being “the bane of everybody’s life”.
‘Train’s left station’: MSC eyes cruise port’s owner
Nassau Cruise Port’s $300m transformation will not be disrupted by a shipping giant’s interest in acquiring its controlling shareholder, its chief executive asserted yesterday, adding: “That train left the station a long time ago.”
‘Christmas comes early’ for tourism with COVID easing
Tourism operators yesterday said “Christmas has come early” after the Government announced the elimination of COVID entry testing for vaccinated visitors and the Health Travel Visa with effect from this Sunday.
Insurers seek ‘urgent’ PM meeting on VAT reforms
Bahamian insurers are seeking “an urgent meeting” with the Prime Minister before the week ends over VAT-related reforms that will potentially increase medical bills and treatment costs for thousands of Bahamians.
‘We won’t give shop away for porridge’
The deputy prime minister yesterday pledged that the Davis administration will “not give the shop away to investors for a bowl of porridge” as he revealed it is presently reviewing the tax breaks granted to them.
DPM aims to ‘double’ stopovers in 3 years
The Bahamas is aiming to “double” stopover visitor numbers within the next three years as it bids to reverse its “shrinking” share of the Caribbean visitor market, the deputy prime minister revealed yesterday.
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.
