IHOP Bahamas arrival targets up to 130 jobs
A Bahamian entrepreneur yesterday revealed plans to create up to 130 local jobs by making this nation “the anchor for the whole Caribbean” with the IHOP franchise he has just secured.
Dorian-hit islands slam VAT change as ‘short-sighted’
The Government’s assertion that reimposing VAT on construction services in Dorian-hit islands will only hurt a “minority” of wealthy homeowners was yesterday blasted as “short sighted”.
Bahamas targets ‘40 out of 40’ compliance
The Bahamas is aiming to be “40 out of 40” and achieve near-total compliance with global anti-financial crime standards this year, the attorney general said yesterday.
‘This is the time to get out’ of oil exploration
Environmental activists yesterday renewed arguments that a permanent ban on oil drilling in Bahamian waters “really makes sense now” as they urged the Davis administration to act.
‘Red flags’ over financial sector growth eliminated
The Bahamas’ removal from Europe’s blacklist “sets the stage” for financial services growth by eliminating the last “red flags” to doing business with this nation, a Cabinet minister said yesterday.
HUBERT EDWARDS: Reigniting the debate on Bahamian taxation
Commenting on public policy issues requires careful and determined effort given that these are always fluid and dynamic, while positions taken often draw scrutiny. Over this series of articles looking at the Bahamian tax regime, I am always mindful there are things I do not know, but with careful analysis there are important matters that can be explored. This, the final of four pieces, looks at developing issues that have the potential to move the needle while sharing a few cautionary points.
Cruise shutdown now would be worse than at COVID start
A Bahamian destination and tour provider yesterday said a cruise industry shutdown now would have a greater impact than two years ago at the start of the COVID-19 pandemic
‘Scared to death’: Marina call for 5-day test return
The Association of Bahamas Marinas (ABM) president yesterday urged the Government to revert back to a five-day COVID testing window as moving to three days has “scared everybody to death”.
Digital banking can’t be ‘rammed down throats’
A senior banker yesterday said the industry must adopt the “Mary Poppins with medicine” approach in encouraging more Bahamians and businesses to switch to digital transactions.
New location drives 80% of December sales rise for AID
A major Bahamian retailer yesterday revealed that its newly-opened Blue Hill Road and Coconut Grove store was responsible for 80 percent of the December sales increase seen in Nassau.
Christie Gov’t incurred huge Parks, Beaches overshoot
A Cabinet minister says resolving the controversy at the Public Parks and Beaches Authority is “a high priority” with major spending overruns not confined only to the Minnis administration.
Education among top ‘development gaps’
The Bahamas faces its biggest “development gaps” in the areas of education and environmental performance, an Inter-American Development Bank (IDB) report has confirmed.
Backing for financier’s Treasure Cay purchase
A controversial Austrian financier’s bid to acquire the Treasure Cay Resort was yesterday backed by one stakeholder as the only way to prevent the community suffering further economic blight.
BPL Board to address worker safety concern
A Cabinet minister yesterday pledged that Bahamas Power & Light (BPL) will this week address workplace health and safety concerns that have been raised by its line staff union.
Inflation to wipe VAT cut savings
Rising inflationary pressures could wipe out any consumer savings generated by the VAT rate being cut to 10 percent, a supermarket executive warned yesterday.
