Bahamian airline in 'multi-million' growth
WESTERN Air is eyeing route expansion both domestically and internationally, having made a “multi-million” investment to upgrade its fleet through the addition of three new jets.Sherrexcia “Rexy” Rolle, the Bahamian airline’s vice-president of operat
Contractors differ over VAT waiver
Top Bahamian Contractors Association (BCA) executives yesterday took opposing stances on the industry’s ability to access the “waiver” from 12 pecent VAT on pre-existing contracts.Leonard Sands, pictured, the BCA’s president, told Tribune Business th
Make Fiscal Bill 'first thing worked on' after summer
Governance reformers last night urged the government to make the Fiscal Responsibility Bill “the first thing they work on” when Parliament returns, expressing disquiet over its delay until fall.Matt Aubry, the Organisation for Responsible Governance’
Govt targeting jobs tie-up with carnival
The government is hoping Bahamians will soon find work aboard luxury cruise ships through its partnership with Carnival Cruise Lines.Senator Dion A Foulkes, the minister of labour, and Ministry officials sought to move the initiative forward in recen
VAT exemptions 'no small order'
The DEPUTY prime minister yesterday conceded it was “no small order” for foods stores and pharmacies to reclassify products ahead of their value-added tax (VAT) “zero rating” on August 1.KP Turnquest acknowledged that the Minnis administration’s poli
'Shooting in the dark' over WTO's impacts
The private sector is “shooting in the dark” over World Trade Organisation (WTO) membership’s impact due to the absence of proper economic analysis, the insurance sector chair is warning.Emmanuel Komolafe, adding his voice to similar concerns already
Patron taxes a 'major concern' for web shops
THE twin five percent Stamp Tax levies on web shop patrons are a “significant concern” for operators, the Gaming House Operators Association’s chief executive said yesterday.Gershan Major told Tribune Business that while it was difficult to determine
Tax 'best practice' may have avoided 12% VAT
The Chamber of Commerce’s chairman yesterday gave his backing to the concept of adding real property tax to utility bills as a means of achieving “best practice” on compliance levels.Michael Maura told Tribune Business it was “more than likely” that
Ex-Senate president’s setback over Fox Hill committal for attorney
An ex-Senate president has suffered a setback in her bid to collect a $186,809, eight year-old debt from a fellow attorney by having her sent to Fox Hill Prison for 21 days.
'Greater risk' for insurers if 90-day cover eliminated
Eliminating 90-day “cover notes” will fail to curb uninsured drivers while increasing the risk faced by insurance companies, the Bahamas Insurance Association’s (BIA) chair warned yesterday.Emmanuel Komolafe told Tribune Business there was a mistaken
Minister 'not wavering' on fast food taxation
The Minister of Health yesterday said he has “not wavered” on his recommendation for a consumption tax to be imposed on the fast-food industry, but such a policy move is “not imminent”.Dr Duane Sands told Tribune Business: “No, that’s not something t
Sponging revival stiffens on Long Island, Abaco
A dozen spongers on Long Island expressed interest in creating an association and reviving the industry in conjunction with an Inter-American Development Bank (IDB) funded project.“It was encouraging to see so much support from the community in getti
Aviation marketing kick-off for Bahamas
Florida’s largest aviation conference has begun promoting general visits and fly-outs to The Bahamas ahead of the official October 1 launch of its marketing partnership with the country.Sun ‘n Fun International has added The Bahamas’ general aviation
Breadbasket food changes 'delayed but not derailed'
The Minister of Health yesterday admitted said the promised revision to the country’s 45 year-old breadbasket foods line-up has been “delayed but not derailed”.Dr Duane Sands told Tribune Business the revisions will not be in place in when the breadb
Tech issues stall new betting tax
Bahamian gamblers will enjoy a two-month reprieve from the budget’s twin five percent levies because they are “not as easy and straightforward” to implement as the government thought.
