Target ‘big boys’ first with corporate taxes
The Bahamas should initially only target companies generating more than $5m or $10m in annual net profits with a corporate income tax, a well-known attorney is arguing.
Ex-minister: ‘Use carrots, not stick’ over COVID jabs
A former Cabinet minister yesterday added his voice to those opposing mandatory COVID-19 vaccinations, telling Tribune Business: “Better to use a carrot than a stick.”
‘Clear signal’ by Q3 on $100m overseas investments re-start
The Central Bank will “be able to provide a clear signal” by the 2021 third quarter on when it will ease restrictions preventing Bahamians from making up to $100m per year in overseas investments.
Hotelier in warning: Vaccination rates a ‘competitive tool’
A prominent Bahamas hotel executive yesterday reiterated warnings that this nation’s relatively slow vaccine roll-out threatens to undermine its competitiveness versus rival tourism destinations.
IAN FERGUSON: Worker wellness key to corporate health
Most would agree that employee health and well-being is a topic that receives far too little attention in the standard work environment. But amid this global pandemic, worker wellness has become a daily conversation because workplace COVID-19 spread is real.
‘Game changer’ offsets new US travel warning
Tourism chiefs yesterday hailed the government’s plans to ease COVID testing for fully vaccinated visitors as a “game changer” that will “offset” the latest US warning against travel to The Bahamas.
Banks suffer $145m hit to cover COVID losses
The Bahamian commercial banking industry booked $145m in collective provisions last year to cover expected COVID-19 loan losses, the Central Bank’s governor revealed yesterday.
PI entrepreneur says: ‘Crumbs not enough’
A Bahamian entrepreneur yesterday blasted that “the crumbs are not enough” as he accused the government of employing double standards in how it has treated his project and that of Royal Caribbean.
PM: ‘I cannot undo home over-pricing’
The prime minister yesterday argued he is unable to undo the inflated prices charged to many homeowners in a government subdivision because their mortgages and title documents are already issued.
‘Catastrophic’ if latest COVID wave runs free
The hotel union’s president yesterday warned it would be “catastrophic” for Bahamian tourism and the wider economy if the country fails to control the latest COVID-19 outbreak.
Internal audit’s role be properly defined
Companies can establish an Internal Audit Department (IAD) to examine and evaluate, in an independent manner, their business systems and processes, along with controls and risk management.
$200m capital raising eyed for ‘bigger year’
Up to $200m could be raised “in one of the bigger years” for the Bahamian capital markets, a leading investment banker has predicted of 2021, despite the protracted recovery from COVID-19.
Disney urged: Help Bahamas to escape ‘neocolonial tourism’
A well-known Eleuthera school’s founder is urging Disney to help The Bahamas escape “neocolonial tourism” by converting its Lighthouse Point cruise destination into a sustainable “land and sea park”.
Cheesesteak franchise targets up to seven locations
A prominent US cheesesteak franchise yesterday unveiled plans to expand to up to seven Bahamas locations as it opened its second Nassau outlet with the creation of 40-50 jobs.
COVID relief ‘saving grace’ for franchise’s new store expansion
A Bahamian cheesesteak franchise yesterday said COVID-related financial assistance from the Small Business Development Centre (SBDC) was “the saving grace” for its second store expansion.
