AML Foods targets $12m sales at new Freeport site
AML Foods is targeting $12m in annual sales from its new Solomon’s Freeport location, its top executive revealed yesterday, despite it being two-thirds the size of its former Queen’s Highway site.
Customs system in GB ‘beyond repair’
Bahamas Customs yesterday said its electronic system for clearing goods on Grand Bahama is “beyond repair”, warning that the island’s cross-border commerce will return to manual process until September.
Radio over-saturation ‘will always be concern’
A top regulator yesterday said concerns about the Bahamian radio broadcasting market being over-saturated “will always be around even if we had 50 percent of the stations we have now”.
‘Shell billions show corporate tax need’
A Bahamian financial services provider yesterday argued this nation should not use global demands for a 15 percent minimum corporate tax rate “as a marker” after Ireland refused to budge from its lower regime.
IAN FERGUSON: Companies need annual check-up
Companies throughout the world use the start of the year’s third quarter to begin the process of planning for a new calendar year. They engage in talent development for their staff, formulate strategic business plans, create company goals and objectives - all in the hope of enjoying a more productive and profitable new year.
HUBERT EDWARDS: A matter of life and debt
There is every expectation that The Bahamas’ current economic crisis will eventually come to an end. These things always do. What is not as clear is when, and how, it will be corrected.
GB businesses placed in ‘unsustainable’ situation
Grand Bahama businesses yesterday asserted that cross-border commerce is in an “unsustainable” situation with Customs’ system for the electronic clearance of goods inoperable for more than three weeks.
Employer to still pay for staff COVID tests
A prominent Bahamian merchant yesterday backed away from requiring employees to pay for their own COVID-19 tests and said it will comply with an Act that requires it to foot the bill.
No obligation to act on all EIA feedback
A senior government official yesterday said there was no obligation to require investors to alter projects based on feedback from Environmental Impact Assessment (EIA) consultations.
‘State of emergency’ over Customs’ woes
Freeport was yesterday said to be “in a state of emergency” as Customs’ electronic system for clearing imported goods remained offline for the 23rd consecutive day with no word on when it will be restored.
Kerzner crowdfunding bid is ‘full systems go’
An equity crowdfunding platform spearheaded by the late Sir Sol Kerzner’s son yesterday said it is “full systems go” on bringing “transformational” change to the way Bahamian businesses are financed.
Freeport’s bonded regime faces ‘precarious situation’
Freeport faces “a very precarious situation” after Customs’ top official made clear the agency’s determination to disregard the city’s founding treaty as well as prior Supreme Court rulings.
Employer liable to pay COVID test fees
The National Tripartite Council’s vice-chairman yesterday warned “a lot of employers are going to be very upset” to find they cannot mandate non-vaccinated staff pay for their own weekly COVID-19 tests.
DANIEL FERGUSON: When competitive bids do not apply
Iwant to educate the Bahamian people about the process which allows the Government to forego competitive bidding processes in emergency situations, which allows them to request one bid for goods, works and services.
Realtors urged to be vigilant in fraud fight
The Bahamas Real Estate Association’s (BREA) president yesterday urged realtors to be more vigilant in combating fraud and increase their awareness of Know Your Customer (KYC) principles.
