'Innovative' tax thinking praised by BICA chief
A top accountant has praised the government’s “innovative thinking” in seeking to collect real property tax through attaching it to the monthly payment of utility bills.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) president, told
High-end real estate market in 'shock, panic'
THE high-end second home market is in “a state of shock” and “panic” over fears of “exorbitant” real property tax hikes following the recent budget changes, realtors are warning.John Christie, director and vice-president of HG Christie, told Tribune
Competition watchdog needs 'more autonomy'
The Bahamas’ proposed competition watchdog should be given “more autonomy” by reducing ministerial powers in draft legislation, the Bahamas Insurance Association’s (BIA) chair is urging.Emmanuel Komolafe, pictured, told Tribune Business The Bahamas h
Sky chief brands $454k NAD debt as a 'non-issue'
Sky Bahamas’ principal yesterday branded threats to terminate the airline’s airport operating licence over a $454,000 debt as “a non-issue”, and said: “Every other airline owes NAD money”.Captain Randy Butler told Tribune Business that he was one of
Bahamas Cannabis Group launches its new website
The Bahamas Cannabis Research Institute (BACARI) Foundation, which is advocating the drug’s use for medicinal purposes, yesterday announces the launch of its new website.Terry Miller, its chairman, said “We are excited to integrate public feedback an
Palm Cay to start $100 million construction within 90-120 days
PALM Cay, the southeastern New Providence community, is gearing up for the launch of its “next big project” where realtors will have a “big part” to play.The development recently held a VIP broker event to highlight its more than $2m in upgrades to
Minister praises training by co-operatives dept
A Cabinet Minister has praised the hands-in training provided to students by the Department of Co-operatives’ Summer Programme, known as “Empowerment Camp”.“I am very proud of what I am seeing here in terms of food processing and the creation of hand
Super Value chief eyes 2/3 VAT collection slash
Super Value’s owner yesterday predicted that the supermarket chain’s VAT take will be slashed by two-thirds once the “breadbasket” food exemptions take effect on August 1.Rupert Roberts, pictured, told Tribune Business that the government will have t
DPM's 'social unrest' fear over govt spending cuts
The government will spark “social unrest” if it cuts public spending too rapidly and deeply, the deputy prime minister has warned, as he attacked “ridiculous” pre-election job contracts.K Peter Turnquest, addressing the Rotary Club of Old Fort on Wed
Govt mulling over adding property tax on light bills
The government is forecasting a three percent inflation increase this year as a result of the VAT rate hike, and examining whether to collect real property tax by adding it to light bills.KP Turnquest, the deputy prime minister, in an address to the
Bahamas trade deficit over $3bn
The Bahamas’ annual trade deficit expanded by 19 percent to over $3bn in 2017, as this nation’s merchandise import bill expanded by more than $500m.The Annual Foreign Trade Report, released this week by the Department of Statistics, revealed that imp
Land ownership woes exacerbating poverty
Land ownership challenges are exacerbating poverty in a country where one in six Bahamians are thought to suffer from “chronic hunger”, the government’s report to the United Nations (UN) reveals.The just-published report measuring The Bahamas’ progre
BAMSI hosts 50 teens on summer programme
The Bahamas Agriculture and Marine Science Institute (BAMSI) hosted almost 50 teenagers as part of its annual Summer Education Enhancement Discovery Series (SEEDS).The campers learnt about various food sources grown and harvested in The Bahamas. For
Port enables better employee feedback
The Grand Bahama Port Authority (GBPA) has introduced software that allows employees to provide anonymous feedback on ways to improve the business and its work environment.TinyPulse sends one question per week by email to be answered at any time over
VAT hike sparks 10% sales slump
A top food store chain yesterday revealed sales have fallen 10 per cent since the VAT rate hike, with this and other uncertainties forcing it to postpone further expansion plans.
