Govt working on GB summer airlift
The Government is working to build a summer airlift initiative for Grand Bahama while remaining “resolutely focused” on selling the Grand Lucayan resort, a Cabinet minister said yesterday.
Banking industry shrinks by $200bn
Total bank assets in The Bahamas fell by over $200bn during the six-and-a-half years to end-September 2018, amid rising fears yesterday that the sector’s latest reforms are a “death knell”.
AG: ‘False parallel’ over web shop tax EU fears
The attorney general yesterday slammed as a “false parallel” suggestions that the web shop industry’s tax hikes will violate the European Union’s (EU) anti-tax evasion demands.
Bahamas must ‘embrace disruptive change’ culture
The Bahamas must “embrace disruptive change” and not permit a minority to derail economic reforms that benefit the rest of society, a BISX-listed company’s president argued yesterday.
BAIC in $500k govt bail-out
The Bahamas Agricultural and Industrial Corporation (BAIC) has received a $500,000 taxpayer bail-out to help pay down a $3.123m debt that left it on “life support”.
CLICO payout ‘on the horizon’
A prominent CLICO (Bahamas) policyholder yesterday confirmed “something is on the horizon” over the latest payout to clients of the insolvent insurer.
Oban talks delayed until month’s end
A Cabinet minister yesterday said discussions with Oban Energies over a revised agreement for its controversial $5.5bn oil refinery/storage terminal will likely be put off until month’s end.
QC: Web shops must publicise patron bans
A well-known QC yesterday said predicted that the proposed five per cent stamp tax on web shop patrons will push them to gamble illegally and have the opposite effect to the Government’s intention.
Top doctor warns NHI ‘working backwards’
National Health Insurance (NHI) is “working backwards” by setting a $1,000 annual price for its basic care package without determining critical costs, a leading doctor has warned.
DPM: ‘This is not the death’ of IBC sector
The deputy prime minister has asserted that the new regulatory structure “will not be the death” of International Business Companies (IBCs), as not all will have to pay business licence fees.
QC: Web shop tax hikes breach EU’s demands
Island Luck’s attorney yesterday warned that the web shop tax hikes place The Bahamas “in clear and present danger” of violating the European Union’s (EU) anti-tax evasion offensive.
No ‘vacuum’ over business licence
Chamber of Commerce executives have warned that business licence reforms cannot take place “in a vacuum” after it was excluded from consultation over recently-announced changes.
Labour chief acts over taxi threats
The Government’s top labour official has moved to head-off threatened industrial action by taxi drivers through a series of meeting designed to address their grievances.
Water Corp supplier unveils new director
Consolidated Water (Bahamas) has appointed Ethan Adderley, the Hotel Licensing Board’s chairman, to its board to replace Sir William Allen with effect from year-end 2018.
Realtor targets ‘perfect property’ via digital push
A Bahamian real estate firm believes digital marketing will bring more “bang for the buck” as it launches an initiative aimed at helping 200 buyers find their “perfect property”.
