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Business

 
VAT registration process simplified
The Ministry of Finance hopes to remove one of the impediments clogging the value-added tax (VAT) registration system by immediately fast-tracking the business license fee process for VAT applicants, and a spokesman for the VAT Private Sector Educa...
 
 
Smith: No good threatening over VAT registration
Prominent Queen’s Counsel Fred Smith has urged the government to avoid a “brutal” approach to value-added tax (VAT) enforcement in the coming months, warning that it will take years to foster an appropriate sense of proper accounting and tax co...
 
 
Govt in talks to jumpstart Eleuthera Wind Power
Wind energy facilities could be functioning in the Family Islands by mid-2016, according to Water and Sewerage Corporation (WSC) General Manager Glen Laville. Laville told Guardian Business that the government is in talks with investors to jumpstart...
 
 
Wilchcombe: We will redevelop downtown
Stressing the fundamental importance of cultural identity in The Bahamas’ tourism offering, Tourism Minister Obie Wilchcombe has flatly denied that the Chinese will redevelop downtown Nassau. He confirmed that the Chinese had presented a redevelopm...
 
 
Cash: Bahamas Development Bank in limbo, lacks direction
Former Bahamas Development Bank (BDB) Chairman Darron Cash yesterday said that the BDB continues to be “an institute in limbo”, and further questioned the impact of a perceived “lack of unity” between the government and BDB on the bank’s fi...
 
 
TPC at Baha Mar
Baha Mar has partnered with the PGA TOUR’s TPC (Tournament Players Club) Network to announce TPC at Baha Mar. The Jack Nicklaus Signature Golf Course is the TPC Network’s first Caribbean golf course and will be a complement to the resort’s elit...
 
 
Laville: OTEC, not geothermal
Water and Sewerage Corporation (WSC) General Manager Glen Laville said yesterday that The Bahamas should pursue ocean-based renewable energy sources in addition to more traditional wind and solar options. “One of the potentials here is actually oc...
 
 
National development plan implementation in phases
The creation of the National Development Plan: Vision 2040 will be accomplished in phases. Director of Financial Services Dr. Nicola Virgill-Rolle laid out what those phases will be, along with a projected timeline for their completion, leading to t...
 
 
New realtors betting on youth, vision
Hartman G. Longley II is the broker and general manager of Leno Realty, an affiliate of Leno Corporate Services Ltd., and a realtor who makes much of his relative youth and energy in a market presided over by a definite “old guard”. In fact, Lon...
 
 
Wilchcombe: No minister has absolute power
Tourism Minister Obie Wilchcombe acknowledged that the minister with Cabinet responsibility for gaming – that is, in the Christie administration, him – has great power over the gaming industry, but said that “the minister has to exercise discre...
 
 
Scrutiny mounts over immigration policy
Guardian Business has learned that the Caribbean Community (CARICOM) and the Organization of American States (OAS) have both expressed concerns, at the diplomatic level, about the new immigration policy in The Bahamas that has touched such a ...
 
 
WSC pursuing wind energy in Family Islands
The Water and Sewerage Corporation (WSC) is in discussions to introduce wind energy in the Family Islands in a bid to reduce operation costs, according to Deputy Prime Minister Philip Brave Davis. During his contribution in the House of Assembly yes...
 
 
BDO: BDB still ‘a going concern’
Despite ending 2013 more than $20 million in debt, stunted by continued losses and an apparent inability to collect on non-performing loans, and having to write off more than half a million dollars in bad loans that year, the Bahamas Development Bank...
 
 
Tourism up despite Baha Mar delay
The delay in opening the $3.5 billion Baha Mar mega resort is not hurting The Bahamas’ tourism, given that the numbers indicate The Bahamas will end the year up in arrivals, occupancy and even average room rates, Tourism Minister Obie Wilchcombe sa...
 
 
PM: New social services system to mitigate VAT effects
Having chosen a model of value-added tax (VAT) that includes relatively few limitations, Prime Minister Perry Christie used the opportunity of the launch of a national development plan to talk to students at The College of The Bahamas about why a...
 
 
IDB-funded projects supporting plan
Director of Financial Services Dr. Nicola Virgill-Rolle and Minister of State for Investments Khaalis Rolle have disclosed some of the details of a $600,000 grant secured by the Office of the Prime Minister (OPM) to develop an Ecosystem Services Deve...
 
 
No corruption likely in residence permit system, Symonette says
Former Deputy Prime Minister and Minister of Foreign Affairs Brent Symonette yesterday insisted that The Bahamas’s residence permit program is not vulnerable to corruption of the sort that has plagued many countries, particularly some in Europe wit...
 
 
Gray touts BAMSI success
The Bahamas Agriculture and Marine Science Institute (BAMSI) aims to create a coconut water industry in The Bahamas “within the next six months,” according to Minister of Agriculture and Marine Resources V. Alfred Gray. Speaking in the House of ...
 
 
Bahamas hosts family law conference
Family law specialists from around the world began presenting in Nassau yesterday at the International Society of Family Law (ISFL) Caribbean Regional Conference, 2014. Lawyers, professors, child’s rights activists and other specialists from as far...
 
 
Energy forum set for December 3
On Wednesday, December 3, the Bahamas Chamber of Commerce and Employers Confederation will host the Bahamas Energy Security Forum 2014 at the British Colonial Hilton hotel from 8:30 a.m. to 4:30 p.m. This one-day forum will bring together industry s...
 
 
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