‘Don’t rest on laurels’ over yachting registry
The Bahamas must reform its tax structure to become a competitive flag state for yachts, a marina operator urged yesterday, adding: “We cannot afford to rest on our laurels.”
Retailer slams ‘unhelpful’ vendor permit changes
A Bahamian retailer yesterday voiced frustration at additional vendor permit requirements that he branded “unhelpful” to the ease of doing business.
Building suppliers predict supply woes to mid-2022
Building materials providers yesterday predicted that global supply chain challenges will last well into mid-2022 but have prepared for the Christmas season early.
Pushed to ‘brink of collapse’ through 40% cost hikes
An ex-Bahamian Contractors Association (BCA) president yesterday said many contractors are “on the brink of collapse” due to fixed-price contracts that exclude the impact of 40 percent cost hikes.
Cruise port the ‘canvas for the Bahamian story’
Nassau Cruise Port’s $300m transformation is “creating the canvas upon which Bahamians will tell their story” and entice more visitors to leave their vessels, its top executive says,.
‘Extraordinarily high’: Transport costs now 20% of goods prices
A well-known Bahamian retailer is advising locals “to shop early because prices will not be going down” with transport costs accounting for an “extraordinarily high” 20 percent of product costs.
Ninety days to switch VAT pricing
Retailers have been given a 90-day transition period to deal with the repricing “nightmare” caused by the VAT rate cut, one saying yesterday: “We hope this is the last change for a very long time.”
DEREK SMITH: Combating the threat posed by cyber risks
Those who do not know the language of cyber security may think the topic is foreign. Compliance professionals should not forget that conversations about compliance, dripping in apparently infinite acronyms, can also sound foreign to those unfamiliar with the subject.
BDB and foundation in bid to strengthen tie-up
The Bahamas Development Bank (BDB) has moved to strengthen its partnership with the One Eleuthera Foundation as part of its drive to boost Family Island growth.
COVID’s ‘captive audience’ aids digital payment growth
A digital payments provider says COVID-19 accelerated the industry’s growth because it created a “captive audience” for its services.
GB tourism revival concern on Grand Lucayan, airport
The Grand Lucayan hotel and Grand Bahama International Airport are vital assets that cannot work without each other to revive the island’s dormant tourism product.
What drives the price of bitcoin?
ActivTrades
Traders of bitcoin are used to sharp price action, such as the one experienced during the first weekend of December, when the digital currency lost around 20 percent of its value.
‘Don’t let IMF drag us into income taxation’
The Bahamas must not permit the likes of the International Monetary Fund (IMF) to “drag us” into imposing income taxes that “don’t make sense”, a former finance minister argued yesterday.
‘Writing’s on the wall’ on income tax reform
The Bahamas must see “the writing on the wall” and get ahead of the worldwide 15 percent minimum corporate tax push by enacting reforms for its own benefit, a top banker said yesterday.
National debt just under economy’s size at 98.4%
The Bahamas’ national debt was just less than the size of the economy at end-September 2021 after increasing to almost $10.5bn over the previous three months, it was revealed yesterday.
