End to 12% VAT realty rate ‘shows we mean business’
Realtors yesterday hailed the Government’s decision to eliminate the 12 percent VAT rate on high-end property sales as “a very solid move”, adding: “It shows we mean business.”
Companies urged: Monitor new governance demands
A Bahamian accountant yesterday urged local companies to get on board with growing environmental, social and governance (ESG) awareness and develop strategies necessary to adapt.
Doctors Hospital in COVID turning point
Doctor’s Hospital has seen a turning point in the battle against the latest COVID-19 wave as non-pandemic related patient admissions are starting to increase, it was disclosed yesterday.
Gov’t to ‘swiftly’ probe GB Shipyard concerns
A Cabinet minister yesterday pledged to “very swiftly” investigate allegations that unvaccinated Grand Bahama Shipyard sub-contractors are being “replaced” by foreign workers.
Accountant raises ‘favoritism’ fears
A Cabinet minister yesterday promised that all Bahamian accounting firms will have “a fair opportunity” to win public sector work after concerns were voiced over alleged government bias.
Caribbean Bottling yet to ‘dent’ 15-18% sales gap
Caribbean Bottling’s president yesterday said it has yet to “materially dent” the 15-18 percent gap with pre-COVID sales levels as he voiced doubts that the divide will close in 2022.
Income tax is ‘not on table’
A Cabinet minister yesterday said income tax is “not on the table” although he appeared to leave open the possibility of replacing Business Licence fees with a corporate version.
Bank fee moans? It’s your ‘own damn fault’
The Central Bank’s top inspector yesterday said he had little sympathy for those complaining about bank fees since it was their “own damn fault if they are too lazy to switch” to online banking.
Minister pledges: No $10bn debt default
The Bahamas will not default on its $10.356bn national debt or have to seek IMF assistance, a Cabinet minister asserted yesterday, amid mounting public concern over the nation’s fiscal woes.
Bahamas impotent on bank account ‘overkill’
The Bahamas’ bank account-opening woes are the product of “a bad faith system” that it “can do nothing about”, a top Central Bank regulator admitted yesterday.
‘No signs of slowing’: Realtor in 75% jump
A Bahamian real estate firm yesterday said it is aiming to “hold” the gains realised from this year’s 75 percent sales volume increase in a market that “shows no signs of slowing”.
BTC ‘shut down’ warning on mandatory vaccination
The Bahamas Telecommunications Company’s (BTC) line staff union yesterday warned it will “shut the company down” if its parent continues to push a mandatory COVID-19 vaccination policy.
Minister says Bahamians ‘alarmed’ by $10bn debt
A Cabinet minister yesterday conceded that Bahamians are becoming increasingly “alarmed” over the $10bnm-plus national debt and “systematic” action is needed to address it.
Governance reformers seek ‘proof in pudding’
Governance reformers yesterday said “the proof of the pudding will be in the eating” over the Davis administration’s pledges to enact anti-corruption and campaign finance reforms.
AG pledges to ‘enforce’ investor commitments
The Attorney General yesterday pledged to “enforce” Heads of Agreement commitments requiring foreign investors to use Bahamian products, professionals and artisans for their projects.
