Gov’t ‘burying their head in sand’ on global tax threat
A former Cabinet minister yesterday accused the Davis administration of “burying their head in the sand” to The Bahamas’ “detriment” on global tax moves that threaten to impact this nation.
‘Sacrifices’: Bahamians drag feet on retirement
Too many Bahamians face having “to make sacrifices” because they wait too long to build-up sufficient savings to finance their retirement, a local banker warned yesterday.
Opposition’s last-ditch VAT change bid fails
A Cabinet minister last night slammed the Opposition’s bid to introduce last-minute changes to the VAT Bill as the two sides continued to trade blows over the rate cut and ‘zero ratings’ end.
‘Glaring’ Dorian non-compliance drives Building Code overhaul
The Government is pressing forward with upgrades to the Bahamas Building Code after “glaring” non-compliance was found to have worsened Hurricane Dorian’s devastation, it was revealed.
Sebas raises $19m for e-commerce purchase
Sebas Bastian raised nearly $19m from investors to finance the acquisition of an e-commerce platform that he yesterday said will become an “Amazon like” presence in The Bahamas and region.
‘Clean up mess in construction’
The Bahamian Contractors Association’s (BCA) president yesterday said the industry is optimistic that the Davis administration will take the final steps to “help clean up the mess” in construction.
‘I’ve never seen prices this high’
A senior Sysco Bahamas executive yesterday said they had “never seen prices this high” as the global supply chain crisis continues to impact the country’s post-COVID recovery.
CIVIL SERVANTS BLOCK AUDITOR: Officials holding back documents stopping full probe of finances
The Government’s top financial watchdog has renewed complaints that some civil servants are breaking the law by obstructing his office’s efforts to uncover misuse of taxpayer monies.
Ex-PM’s VAT attack ‘ignorant’ of advice
The former prime minister’s attack on VAT’s reapplication to breadbasket foods and medicines was yesterday branded “naive” and “ignorant of the advice” given to his administration.
‘Total devastation’ if VAT was put at 15%
Super Value’s principal yesterday said increasing the VAT rate to 15 percent would have inflicted “total devastation on the economy” with food prices set to rise 10-15 percent in the New Year.
Banks report ‘fourfold’ fraud attempt growth
The Bahamas can stand “shoulder to shoulder” with any country on the strength of its anti-financial crime regime, the Central Bank’s governor said yesterday, as banks reported a “fourfold” rise in fraud attempts.
Central Bank’s ‘inclusion’ aid for politically exposed
The Central Bank is moving to ensure politically exposed persons (PEPs) are “not excluded” from the Bahamian banking system by making scrutiny of them “more client friendly”.
Governor pledges to tackle private sector’s ‘pain spot’
The Central Bank’s governor yesterday pledged to tackle the “pain spot” suffered by many Bahamian companies over the difficulties encountered in opening bank accounts.
Credit union ‘over grading’ migrates to medium risks
Credit unions’ “over-grading” of the financial crime threat posed by customers has gone too far in the opposite direction with the percentage classified as “medium risks” near tripling in 2020.
Fishermen urged to respect Nassau grouper season end
Bahamian fishermen were yesterday urged to respect the Nassau Grouper’s closed season and focus on other species so that fisheries stocks can replenish.
