Airports 'haven't kept up' with tourism growth pace
AIRPORT development “has not kept up” with the pace of tourism growth, a Cabinet minister lamented yesterday, suggesting that passenger facility charges will be necessary to finance long overdue maintenance.Dionisio D’Aguilar, minister of tourism and
Aviation conference targets airlift boost
Tourism and aviation officials from 28 countries attended yesterday’s opening of the third annual Caribbean Aviation Meetup conference at Atlantis.Hailed as the region’s largest aviation conference, the conclave, which is being hosted by the Ministry
'Huge' home price out from vat restructuring
A “huge” number of Bahamians will be priced out of home ownership by the budget, a prominent developer warned yesterday, revealing the cost of a popular housing model will rise $23,000.Franon Wilson, Arawak Homes president, told Tribune Business that
Gov't mulling amendments to fly fishing regulations
A Cabinet minister yesterday finally confirmed that the government is considering changes to to the controversial fly fishing regulations. Renward Wells, pictured, minister of agriculture and marine resources, said the significance of the flats fishi
Ex-minister: VAT exemptions are 'disaster recipe' all around
An ex-Cabinet minister yesterday said the government was “damned if you do, damned if you don’t” over the VAT hike, as he warned that increased exemptions are “a recipe for disaster”.Leslie Miller, the former Tall Pines MP, told Tribune Business he w
Chamber chief backs govt: ‘something had to be done’
Harsh fiscal austerity measures in the 2018-2019 budget were inevitable, the Grand Bahama Chamber of Commerce’s president arguing yesterday: “Something had to be done.”
‘At least’ 25% of VAT hike not new monies
The Bahamas’ chief WTO negotiator yesterday warned that “at least” 25 percent of the extra VAT revenue is “replacement” income rather than new money.
Chamber chief backs govt: 'something had to be done'
Harsh fiscal austerity measures in the 2018-2019 budget were inevitable, the Grand Bahama Chamber of Commerce’s president arguing yesterday: “Something had to be done.”Mick Holding, pictured, told Tribune Business that The Bahamas’ “very precarious p
Tourism wins media awards for Bahamas
The Ministry of Tourism (BMOTA) was recognised in the Virtual Visitor Award category for Best Feature in an Online Publication at the annual Caribbean Tourism Industry Awards. The award was granted to the Ministry and Alexander Britell, editor-in-chi
MP calls for higher web shop taxation
Web shops should be taxed even higher than contemplated in the budget due to their impact on his constituency and other Out Islands, Long Island’s MP argued yesterday.Adrian Gibson, during his contribution to the 2018-2019 budget debate, said the “ex
Crawfish export limit faces 29% reduction
THE government will reduce the annual crawfish export limit from seven million to five million pounds, a Cabinet Minister told Parliament yesterday.Renward Wells, minister of agriculture and marine resources Minister, said: “In consultation with prim
Don't 'continually' hike VAT for fiscal escape
The government “cannot continually” use VAT hikes to solve its fiscal woes, a top accountant is warning, describing its rising debt servicing and unfunded pension costs as “worrisome”.
'Unfair' to tax web shops into losses
The government should not force the web shop industry out of business through the imposition of onerous taxation, a top accountant is arguing.
'Sanctions threat' from web shop taxation hike
The prime minister has been warned by the Caribbean’s former top financial regulator that The Bahamas faces the “considerable danger” of sanctions from the web shop gaming tax hikes.Calvin Wilson, the immediate past executive director for the Caribbe
Baha Mar contractor: No rooms for Sarkis
Baha Mar’s main contractor refused to turn over completed rooms to the original developer in early 2015 as it sought leverage to claim an extra $119m in their growing payment dispute.A senior China Construction America (CCA) official, in a February 1
