Govt ‘feeling pretty good’ with VAT collection at 56%
The government was yesterday said to be “feeling pretty good” about VAT’s performance despite collecting just 55.6 percent of the 2018-2019 full-year forecast during the first nine months.
$7.8m caught in payment frauds
Some $7.8m worth of payment fraud complaints were made in 2018, the Central Bank of The Bahamas has revealed, with debit cards accounting for almost 60 percent of cases.
Govt focusing on ‘hand ups, not give aways’
The deputy prime minister yesterday defended the government as “very responsive” to the poor’s needs, as it was focused on “providing a hand up” rather than “giving away money”.
Govt moves on ‘real risk’ posed by SOE losses
The government yesterday revealed plans to introduce legislation that will address “the real risk” loss-making, inefficient state-owned enterprises (SOEs) pose to its financial health.
URCA unveils GB town hall meetings
The Utilities Regulation and Competition Authority (URCA) is set to hold three meetings on Grand Bahama as part of its ongoing public consultation process.
BTVI facilitates first international intern
The Bahamas Technical and Vocational Institute (BTVI) has just facilitated its first international internship after carpentry student, Odler Pierre, reached out to US-based Storm Team Construction.
Billionaire US family to buy Roberts’ hotel
A billionaire US family has been confirmed as the purchaser-in-waiting for Rupert Roberts’ Bimini Sands resort, Tribune Business can reveal.
Super Value owner: ‘$1.5m relief in sight’ via VAT Commission
Super Value’s owner has voiced optimism that “$1.5m relief is now in sight” after the recent appointment of the VAT Appeals Commission chairman.
Aliv ‘monitoring’ US/UK fears on Chinese supplier
Aliv’s top executive “can’t praise highly enough” its Chinese technology supplier despite the ongoing controversy over whether it should be allowed to build 5G mobile networks in the US and UK.
Environmentalist slams ‘national park targeting’
An environmentalist is questioning whether the proposed $580m south Abaco resort project is another sign that the Government is “intentionally targeting the national parks” for development.
Govt buildings strategy ‘win-win for everyone’
The government’s proposal to structure an investment vehicle that would broaden Bahamian ownership of government buildings is “a win-win for everyone”, a Cabinet minister said yesterday.
Festival to expose maritime services
Arawak Port Development Company (APD) will host The Bahamas’ first ever Maritime Festival on May 11 at its Nassau Container Port facility to highlight the industry’s various service providers.
Five Bahamian spas battle for top award
Five Bahamas-based spas are battling for the top spot in the fifth annual World Spa Awards 2019.
Chamber hosting US trade visit this week
The Bahamas Chamber of Commerce (BCCEC) is hosting a trade mission from the Washington DC Chamber of Commerce on a week-long visit that begins today.
Insurers unveil lifetime achievement honouree
The Bahamas Insurance Association (BIA) has named Orry J Sands as its 2019 Lifetime Achievement Award Honouree for the property and casualty sector.
