Archive | Business

MOT Expands Tourism Market

In an effort to boost tourism numbers, the Ministry of Tourism is on a mission to expand its target audience as it seeks to tap into the religious tourism market which is reportedly worth billions of dollars. Director of Religious Tourism Dwight Armbrister said that the ministry is targeting the United States and based on [...]

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Exuma Business Outlook Set for Next Week

Exuma Business Outlook Set for Next Week

The 9th Annual Exuma Business Outlook is scheduled to take place Wednesday, October 22, 2014 at Sandals Emerald Bay Resort in Georgetown. This year’s theme is “Charting a Course for Growth in Exuma.” Transport and Aviation Minister, Glenys Hanna-Martin is the keynote speaker. Also slated to speak are President and CEO of BAF Financial, I. [...]

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30 Businesses Registered For VAT

Just over 30 companies have registered online for Value Added Tax (VAT) since the online registration was launched earlier this week. The system was launched on October 13 and it is expected that all businesses meeting the taxable sales of $100,000 or higher within the next 12 months must complete registration by November 30. The [...]

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Grand Bahama Affirms Participation in 2015 Bahamas Junkanoo Carnival

Grand Bahama Affirms Participation in 2015 Bahamas Junkanoo Carnival

A contingency from Grand Bahama inclusive of representatives from the Bahamas Ministry of Tourism (Grand Bahama), Grand Bahama Island Tourism Board and Immerse Bahama recently met with The Bahamas National Festival Commission (BNFC) to discuss Grand Bahama’s participation in the 2015 Bahamas Junkanoo Carnival scheduled for May 7– 9, 2015. Mega events are proposed for [...]

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BCC Launch VAT Educational Taskforce

BCC Launch VAT Educational Taskforce

The countdown is on to the implementation of Value Added Tax (VAT) and as the government continues with its educational campaign, the private sector is also chiming in to lend a helping hand. On Monday, The Bahamas Chamber of Commerce (BCC) formally introduced the private sector’s VAT educational taskforce. BCC Chief Executive Officer (CEO) Edison [...]

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FOI Momentum Still Going Strong

The impact of June’s groundbreaking Freedom of Information (FOI) rally in Rawson Square is still being felt across the country as key businesses, numerous NGOs and scores of concerned citizens continue to show their ardent support for increased transparency and accountability in government. The drumbeat for greater openness also continues to reverberate through the airwaves [...]

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Grant Thornton Host VAT Seminar

Grant Thornton Host VAT Seminar

Grant Thornton Managing Partner Paul Gomez expressed support for the implementation of Value Added Tax (VAT) and predicted that Bahamians can expect to see an expansion in job opportunities and a boom in the accounting industry. Despite the public opposition to VAT in the past months, Mr. Gomez maintained that the government had to increase [...]

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Sterling sells $7M home in less than two weeks

Sterling sells $7M home in less than two weeks

The sale of a $7 million Ocean Club Estates residence less than two weeks after it hit the market is one indicator that the luxury home market is beginning to rebound, according to the principals of a local real estate firm. Lamond and Robyn Davis of Sterling Bahamas Realty (SBR) successfully closed a sale for [...]

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New BTC Flagship Store for Long Island—BTC brings the latest technology to Southern Bahamas

BTC is continuing its commitment to expand its access to high quality service and products to all of the nation’s major islands with the launch of a new flagship store in Deadman’s Cay, Long Island today. The flagship store, which was previously a cashier and bill-pay station, will now offer a wide product range and [...]

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GBCC Present Economic Vision Plan to Gov’t

GBCC Present Economic Vision Plan to Gov’t

Executives of the Grand Bahama Chamber of Commerce (GBCC) formally presented the Government with a blue print for the future development of Freeport and by-extension the country for the remaining 40 years. The report provides an extensive analysis of targeted development opportunities, with specific recommendations for structuring the economic future of Freeport and Grand Bahama [...]

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