DPM blames airlines over health travel visa confusion
The deputy prime minister yesterday blamed the airline industry’s “slow communication” process for difficulties being encountered by Bahamians in boarding flights to return home.
BTVI chief: Construction courses to ‘boom’ in ‘22
The Bahamas Technical and Vocational Institute’s (BTVI) president yesterday said he is focused on preparing students to exploit opportunities from foreign direct investment (FDI) projects.
Retailers report strong start to Christmas sales
Bahamian retailers yesterday disclosed that sales for the industry’s vital Christmas season have gotten off to a strong start despite the global supply chain crisis.
‘We’re not taking VAT change sitting down’
A Freeport manufacturer yesterday warned its competitiveness will be undermined, and presence in The Bahamas endangered, by VAT reforms that have seemingly removed its ‘zero rated’ status.
‘Aggressively advance’ yacht registry, says AG
The Bahamas must “aggressively advance” the building of a yacht registry to capture a greater share of the business that passes through its waters annually, the attorney general said yesterday.
Gov’t ‘running out of time’ on extending Dorian relief
The Grand Bahama Chamber of Commerce’s president yesterday voiced concern that the Government is “running out of time” to clarify if the Dorian tax breaks will be extended beyond year-end.
Bahamas oil well creditors accept 84% debt hair-cut
Creditors owed a collective $11.3m for the drilling of an exploratory oil well in The Bahamas have agreed to accept a near-84 percent haircut on this debt, it was revealed yesterday.
‘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.
