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Business

 
Govt paying Baha Mar salaries opens ‘Pandora’s box’
The Christie administration’s pledge to pay Baha Mar’s $7.5 million payroll for the month could open “Pandora’s box” by setting a dangerous precedent for other businesses and workers seeking compensation from not only Baha Mar but any futur...
 
 
Sandals CEO still confident $25M in
Twenty-five million dollars in, Sandals Royal Bahamian continues to earn “fantastic” customer feedback, occupancy rates and guest scores, and in the wake of the opening of a new Sandals offering in Ocho Rios – Sandals Ochi – Sandals CEO A...
 
 
PM: EU tax blacklist ‘a shock’ and ‘ill-advised’
Prime Minister Perry Christie urged the heads of state of the Caribbean Community (CARICOM) to fight collectively against attempts to portray the region as a high-risk area for investment, and – referencing the recent blacklisting of many countri...
 
 
Bethel: Bahamas will have ‘bumpy journey’ meeting SDGs
National Insurance Board CEO Rowena Bethel – who also serves as vice chair of the UN Committee of Experts in Public Administration (CEPA) – said that as The Bahamas joins the community of nations in transitioning from Millenium Development Goals ...
 
 
Chamber: Baha Mar has ‘monumental’ responsibility for economic recovery
Although the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has opined that it is “unfair” to saddle Baha Mar, as a private sector development with nearly sole responsibility for jumpstarting The Bahamas’ economy, it noted that...
 
 
Your Green Tip of the Week: Windows
How would you like to save 10 percent on your BEC bill? Does 20 percent sound even better? For homes and businesses using air-conditioning without properly sealed windows, as much as 10-20 percent of your power bill is a result of cool air seeping st...
 
 
Central Bank notes ‘persistent mildness’ in economic growth
Improving tourism sector performance fueled “steady, yet mild” growth for the Bahamian economy during May, according to a recent Central Bank of The Bahamas (CBOB) report. While the bank expects the pace of domestic economic activity to remain m...
 
 
Andros Business Outlook to focus on innovation
Bahamas Business Outlook heads to Andros this month, with a focus on innovation and how Androsians are boosting their island’s economy by reviving traditional, sustainable arts and enterprises, according to TCL Group President Joan Albury, founder ...
 
 
CEC looking to influence regional policy
A recent CARIFORUM and International Labour Organization (ILO) forum “augers well” for private sector involvement in steering regional labor development, according to the head of a regional employers confederation. Representatives from 19 Caribb...
 
 
AG: Serious, far-reaching implications for sovereignty
Attorney General Allyson Maynard-Gibson yesterday said that for courts in The Bahamas to simply accede to a ruling from the United States bankruptcy court in Delaware – in this instance, to grant funds to Baha Mar Ltd. intended in part to pay its s...
 
 
Mitchell pokes Baha Mar for lack of notice
Ministers in the Christie administration have been generally reticent on the eye-popping implosion of the Baha Mar partnership, which yesterday officially had live matters in courts in three separate legal jurisdictions. But the government’s disple...
 
 
New Delta flights ‘game changers’ for Family Islands
Tyrone Sawyer, director of airlift development with the Ministry of Tourism, yesterday lauded Delta Air Lines’ recently announced year-round routes into Abaco and Eleuthera as “game changers” for Family Island economies. Sawyer yesterday told ...
 
 
Public service critical to economic growth
As governments around the world are still focusing on the role of the public service and the importance of public administration, senior Bahamian civil servants are highlighting the relationship between economic growth, political effectiveness and th...
 
 
Double taxation on insurance premiums
A leading Bahamas Insurance Association (BIA) official yesterday warned that the stacking of value-added tax (VAT) on top a preexisting but little known three percent tax on insurance premiums ran the risk of driving persons to drop their coverage, i...
 
 
VAT second quarterly filing deadline approaches
The deadline for the next filing period for quarterly filers of returns for the value-added tax (VAT) is July 28, 2015, and the VAT Department has announced another series of free workshops for small business owners from July 13-24. “These works...
 
 
Colina employee qualifies as Fellow of the Society of Actuaries
Colina Insurance Limited is pleased to present its newest actuary, Leah Major, who qualified as a Fellow of the Society of Actuaries (FSA) on June 3, 2015. Leah’s admittance as a Fellow is the single most important credential that an actuary recei...
 
 
Cable Bahamas partners with Cash N’ Go
One month after providing more payment locations to its customers in New Providence, Cable Bahamas has announced that it has expanded its partnership with Cash N' Go to bring the same option for bill payment to subscribers in Grand Bahama, Abaco and ...
 
 
CCA lawyers appear in Delaware court
China Construction America (CCA) has maintained a resolute silence after Baha Mar filed for bankruptcy in the United States and subsequently sued CCA in the United Kingdom. Yesterday, however, CCA broke its silence on the matter in a manner o...
 
 
Insurers still awaiting final VAT guidance for sector
Many in the insurance industry are left grappling with the “intricacies” of value-added tax’s (VAT) impact on its services, as the sector anxiously awaits finalized industry guidance notes from the government, despite the fact that the tax came...
 
 
Baha Mar: CCA submitted ‘inflated invoices’
After missing the deadline for substantial completion of the Baha Mar Convention Center in January 2015, Baha Mar President Thomas Dunlap said China Construction America (CCA) started demanding tens of millions of dollars to which it was entitled o...
 
 
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