Govt VAT clarity to unleash $1bn of development
More than $1bn in real estate projects may have been unleashed, and “a serious challenge to home ownership” removed, after the Government clarified that the sector can reclaim VAT “inputs”.Developers yesterday told Tribune Business they had been give
Landfill contract is 'blueprint for future'
The contract for the New Providence landfill’s management will establish “a blueprint for the future” that can be applied throughout The Bahamas, a Cabinet minister has revealed.Romauld Ferreira, pictured, minister of the environment and housing, tol
Bahamians pay price of ‘double BPL whammy’
Bahamian businesses and households are paying the price of “a double whammy” caused by the recent fires at Bahamas Power & Light’s (BPL) Clifton Pier plant, it was revealed yesterday.
IAN FERGUSON: The economic benefit from being authentic
Every weekend, the Ministry of Tourism’s Authentically Bahamian Marketplace features hand-made Bahamian craft and souvenir products. Visitors and locals alike have an opportunity to experience indigenous food, craft, music and other aspects of Bahami
Flag carrier's chief backs standardised regulations
Bahamasair’s top executive yesterday said a “commonised” regulatory structure for airlines operating within the Caribbean could increase passenger traffic and intra-region connections.Tracey Cooper, a panellist during a session on aviation at the St
Bahamasair chief: Taxes exceed tickets revenue
TAXES and fees account for up to 50 percent of airline ticket costs in the Caribbean, it was revealed yesterday, with Bahamasair’s top executive admitting these levies sometimes exceeded airline ticket revenue.Tracy Cooper, pictured, the national fla
American Airlines grows Chicago-Nassau route
American Airlines will offer year-round service between Chicago and Nassau starting from summer 2019, expanding the route from a seasonal winter service.The move strengthens the carrier’s commitment to The Bahamas, and rounds out its current roster o
Web shops partner to fight gaming addiction
Bahamian web shops have teamed with the Sandilands Rehabilitation Centre and Public Hospitals Authority (PHA) to host a free all-day gambling addiction seminar at month’s end.The symposium is scheduled for the Church of God of Prophecy, Joe Farringto
Tourism ministry targets south Florida Hispanics
The Ministry of Tourism’s marketing team targeted south Florida’s Hispanic community through its sponsorship of the La Mano Hispana 2018 Art Gallery Opening Night in Miami.The Bahamas’ sponsorship of the event resulted from its partnership with the C
Court to Minister: More clarity for labour disputes
The Court of Appeal has urged the Minister of Labour to provide greater clarity when referring trade disputes to the Industrial Tribunal, branding the present process “inadequate”.Acting appeal justice Milton Evans said it was “of fundamental importa
Promoter renews $8m Resorts World pursuit
A beach club promoter yesterday confirmed he is renewing his pursuit of Resorts World Bimini for a minimum $8m in damages, and warned: “I hope they understand we have staying power.”Garrick Edwards and his Therapy Beach Incorporated entity, fresh fro
Oil explorer says Oban, BPL sign of govt backing
A Bahamas-based oil explorer is “entirely focused” on drilling its first exploratory well, while viewing the end of exclusive talks with a “major” industry player as “validation” of its work.The Bahamas Petroleum Company (BPC), unveiling its financia
'Double blow' for Exuma operator
AN Exuma water sports operator yesterday revealed it had suffered a “double blow” from the 4C’s boating tragedy as it backed tougher enforcement to combat “rogue” operators.Rebecca Lightbourne, of Exuma Watersports, owned and operated by her family s
New Year's Day goal for vacation rental taxation
THE Government plans to tax the vacation rental business from New Year’s Day 2019, with Airbnb having agreed to collect and remit levies on properties it markets to the Treasury.Dionisio D’Aguilar, pictured (top), minister of tourism and aviation, to
Compliance officers urged to protect risk, jurisdiction
Bahamian compliance officers were yesterday challenged to minimise financial services industry risk and protecting the jurisdiction’s reputation.Nearly 150 executives were given this charge when they attended the Bahamas Association of Compliance Off
