Island Luck chief: ‘I was misled’ on web shop taxes
ISLAND Luck’s principal is alleging that the Government “misled” him over planned web shop tax increases, adding: “My legitimate expectation in a proper consultation was dashed.”
Gov’t facing two web shop actions
THE Government is facing two separate web shop Judicial Review challenges over the 5 percent patron tax, both of which allege the September 1 implementation date was forcing them to break the law.
‘Higher capital buffers’ for commercial banks
THE Central Bank is proposing “materially higher capital buffers” for domestic commercial banks than other institutions to ensure they are properly insulated from heavy losses and financial crises.
BISX listings worth $9.4bn
SECURITIES and mutual funds listed on the Bahamas International Securities Exchange (BISX) had a $9.4 billion collective value at mid-2018, even though domestic stock prices were down 4.46 percent for the half-year.
Retailers see last minute Back to School pick-up
BAHAMIAN retailers say Back to School sales were “holding steady” with 2017’s results, telling Tribune Business there was a noticeable pick-up heading into the final weekend.
Web shops: Patron tax 'making us break law'
Web shops last night warned the five percent patron tax is effectively forcing them to break the law as they launched their long-promised lawsuit against the Government’s tax hikes.Sebas Bastian, Island Luck’s principal, told Tribune Business that th
Rival landfill bids 'too ambitious' on waste-to-energy
Rival proposals were too ambitious over the “enormous amount” of waste-to-energy they believe the New Providence landfill can generate, the winning bidder argued yesterday.Kenwood Kerr, pictured, Providence Advisors’ chief executive, told Tribune Bus
Financial sector's 'two decades of punishing losses'
The Attorney General yesterday expressed confidence that The Bahamas can both meet EU demands and enable financial services to recover from “two decades of punishing losses”.Carl Bethel QC, speaking as the Government unveiled its legislative response
Transparency concerns from BPL Board battle
Anti-corruption campaigners yesterday said the corporate governance issues raised by the Bahamas Power and Light (BPL) Boardroom battle create major transparency concerns.Lemarque Campbell, of Citizens for a Better Bahamas, the local Transparency In
Landfill bidder targeting Monday award sign-off
The winning landfill bidder yesterday pledged to “sign-off” on the contract award by Monday and begin talks on commercial terms with the Government in the same week.Kenwood Kerr, Providence Advisors’ chief executive, told Tribune Business: “The Provi
Fish-farmed tilapias to hit market in 2019
SOME 3,000 Andros-grown, fish-farmed tilapia will hit the Bahamian retail market in early 2019 to help meet demand following the Nassau Grouper season’s closure.Alaasis Braynen, the Bahamas Agriculture and Marine Science Institute’s (BAMSI) chief exe
IAN FERGUSON: Give employees a voice in the job
Employees need to have a voice in every company. We hear from them at the beginning of their engagement via the employee interview, but this is often the first and last time time this happens. There are also a few companies who insist that employees,
Tourism aiming to reverse 'poor job' on cruise visitors
The Bahamas is doing “a poor job” of extracting more spending from cruise visitors, a cabinet minister said yesterday, ahead of a workshop aiming to spur tourism entrepreneurship.Dionisio D’Aguilar, minister of tourism, was speaking as officials at h
IPO potential for $130m 'nightmare transformation'
Ordinary Bahamians may be able to invest in the $130m “transformation of an ongoing nightmare” within three to five years, the winning New Providence landfill bidder said yesterday.Kenwood Kerr, Providence Advisors’ chief executive, told Tribune Busi
Web shop 'cart before horse' may cost $40m
LicenCed web shops last night branded the five percent patron tax’s imminent introduction as “putting the cart before the horse” due to the Government’s failure to combat illegal operators.The Bahamas Gaming Operators Association (BGOA), breaking its
