GBPA targets specific industries for Freeport
Grand Bahama Port Authority (GBPA) executives sought to attract non-US investment from firms in the manufacturing, value-added and distribution sectors when they attended a Las Vegas conference.
Attorney in trouble on ‘fake’ AI cases
The Supreme Court has reported an attorney to the Bahamas Bar Council’s ethics committee after she submitted three “fake cases” generated by artificial intelligence (AI) to back her arguments.
IMF: Bahamas can hit 90% US income level
The Bahamas could grow its per capita income to 90 percent of US levels - the highest in the Caribbean - by eliminating the “misallocation” of capital, labour and other resources, an IMF paper is asserting.
Abaco blasts BPL bill doubling amid outages
Abaco residents and businesses were yesterday said to have endured multiple power outages for several days, with several complaining bills have “doubled” amid worsening service and reliability.
Gov’t told: ‘Don’t kill that goose’ of vacation rentals
The Government is being urged not to “kill the goose” that enables Bahamians to own part of the country’s largest industry through an over-zealous crackdown on short-term vacation rentals.
Measure impact, not activity, to properly manage all risks
Governance, risk and compliance (GRC) performance management often measures activity instead of impact. Many companies track the number of audits completed, policies updated or training sessions delivered.
We must have right people for procurement to function
I was recently asked what my motive was for writing these articles on public procurement in The Bahamas, and what was I hoping to gain from doing so? A friend also told me that the truth may be an offense, but it is not a sin.
Realtor: Incentivise rentals registration
Short-term vacation rental owners must be incentivised to register their properties with the Department of Inland Revenue and pay any VAT that is due, a realtor argued.
Licensing regime concerns for long-standing liquor merchants
A liquor store proprietor has argued it would be “unfair” for long-established alcohol merchants and bars to be denied licence renewals in the Government’s crackdown on the sector’s inner-city saturation.
Ex-GB Chamber chief in consumer spending rise
A Grand Bahama businessman says the island’s economic activity is improving with residents having more disposable income to spend in restaurants and on consumer goods.
Tax agency ‘catches lot of heat’ but acting on user experience
The Department of Inland Revenue’s top executive has admitted the agency “catches a lot of heat” as it prepares to launch an initiative designed to improve efficiency and turnaround time.
Eleuthera residents eyeing St George’s Power ‘Plan B’
Frustrated Eleuthera residents yesterday suggested that St George’s Cay Power Company (SGCPC) replace Bahamas Power & Light (BPL) or provide a reserve option for the mainland.
BPL holds-off disconnections on Eleuthera outage outrage
Bahamas Power & Light (BPL) yesterday pledged it will not this week disconnect Eleuthera customers over past-due bills amid rising outrage over frequent and long-lasting electricity outages.
Briland among targets for vacation rental crackdown
Harbour Island is among multiple Family Island destinations set to be targeted by the Department of Inland Revenue’s crackdown on undeclared short-term vacation rentals, it was revealed yesterday.
DPM named Americas’ vice-president to UN tourism body
The Deputy Prime Minister has been elected as vice-president of the United Nations World Tourism Organisation (UNWTO) General Assembly representing the Americas region.
