Search results for : fine art

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Business Listing

Central Animal Hospital
Veterinarians (DVM),Pet Care Services
  • Tenwich Street
  • Nassau
  • Nassau / Paradise Island, Bahamas
News Article
Palm Cay Anchorage Condo Oversubscribed, Waiting Buyers Urge Accelerated Start for Next Phase
April 30, 2014
Palm Cay Anchorage Condo Oversubscribed, Waiting Buyers Urge Accelerated Start for Next Phase

And then there were none. That was the resounding sound of success at Palm Cay this week when an oversubscribed condominium offering resulted in every residence being taken and a waiting list popping up for the next phase of the Anchorage condominium project...

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News Article

August 14, 2014
Bahamian Chef Tim Tibbitts and Ministry of Tourism Heading to New York City to Represent Bahamas at Ocean Style's Taste of Caribbean

On August 6, Chef Tim Tibbitts of Flying Fish and the Ministry of Tourism took to New York City...

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Business Listing
Business Listing

Bahamas Real Estate/ Lowes Realty
Real Estate,Real Estate Management
  • Cotton Traders Building, East Bay Street
  • Nassau
  • Nassau / Paradise Island, Bahamas
News Article
Mangrove Cay High School scores high in National Arts Festival
April 21, 2010
Mangrove Cay High School scores high in National Arts Festival

Mangrove Cay High School students performing in the Choral Verse Speaking of the E Clement Bethel National Arts Festival adjudications scored big in Andros on April 14, 2010.

The students scored a 98 out of 100, one of the highest received so far this year in that dramatic class.

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News Article
Prime Minister gives remarks at groundbreaking of Cat Island Partners Development
April 25, 2009
Prime Minister gives remarks at groundbreaking of Cat Island Partners Development

Remarks by Rt. Hon. Hubert A. Ingraham
Groundbreaking Ceremony for PGA Village, Old Bight, Cat Island
Cat Island Partners Development
24 April 2009

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News Article

August 22, 2013
BEC union not opposed to foreign participation

As the government's search begins for two companies to take over the Bahamas Electricity Corporation's (BEC) power generation, transmission and distribution functions, the president of the Bahamas Electrical Utility Managerial Union (BEMU) said he would not be opposed to having foreign companies get those contracts...

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News Article
Montserrat to play greater role in keeping OCTA on task
April 02, 2010
Montserrat to play greater role in keeping OCTA on task

Montserrat intends to play a greater role in keeping the members of the overseas territories and the EU partners to task so that the milestones established will be met, says Angela Greenaway, Permanent Secretary of the Ministry of Economic Development & Trade.

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News Article
McDonald's Adds New Meaning to Happy Meal
January 07, 2014
McDonald's Adds New Meaning to Happy Meal

Serving up Big Macs, McFries and Fine Art and Customers are Lovin’ it...

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Business Listing

The Kitchen Deli
Restaurants,Restaurants - Delis & Sandwich Shops
  • Shirley Street
  • Nassau
  • Nassau / Paradise Island, Bahamas
Business Listing

Caffe Caribe
Restaurants,Restaurants - Delis & Sandwich Shops,Coffee Shops & Tea Shops
  • Harbour Bay Shpg Center
  • Nassau
  • Nassau / Paradise Island, Bahamas
Business Listing

Mr Pretzels
Game Rooms & Recreational Centers
  • Mall At Marathon
  • Nassau
  • Nassau / Paradise Island, Bahamas
News Article
Online Application For Lyford Cay Foundation Scholarship Is Open
February 28, 2012
Online Application For Lyford Cay Foundation Scholarship Is Open

All Candidates Must Apply Via the Foundations' Website



(NASSAU, BAHAMAS) — Lyford Cay Foundation, Inc. and The Canadian Lyford Cay Foundation are now accepting online applications for academic and technical training and vocational scholarships for study at approved institutions in the U.S., Canada, the UK and the Caribbean.

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Business Listing
Business Listing

Plantation Realty & Development Group Ltd
Real Estate
  • 91 Montrose Avenue
  • Nassau
  • Nassau / Paradise Island, Bahamas
Business Listing

Water & Sewerage Corporation
Government Offices
  • George Town
  • George Town
  • Exuma, Bahamas
Business Listing

Water & Sewerage Corporation
Government Offices
  • Upper Bogue
  • Eleuthera, Bahamas
Business Listing

Water & Sewerage Corporation
Government Offices
  • Harbour Island
  • Eleuthera, Bahamas
Business Listing

Water & Sewerage Corporation
Government Offices
  • Governor's Harbour
  • Eleuthera, Bahamas
Business Listing

Bayroc Exclusive Beach Residences
Real Estate,Real Estate Developers
  • West Bay Street
  • Nassau
  • Nassau / Paradise Island, Bahamas
Business Listing

Water & Sewerage Corporation
Government Offices
  • Mangrove Cay
  • Andros, Bahamas
Business Listing
Business Listing

Water & Sewerage Corporation
Government Offices
  • Pump House
  • Nicholl's Town
  • Andros, Bahamas
Business Listing

Water & Sewerage Corporation
Government Offices
  • Morgan's Bluff
  • Andros, Bahamas
Business Listing

Elegance Linen Rental
Wedding Supplies & Services,Party Supplies & Rentals,Linens
  • Harold Road
  • Nassau
  • Nassau / Paradise Island, Bahamas
News Article

November 13, 2013
Major sanctions for VAT evasion

The new value-added tax (VAT) regime proposed by the government would allow the state to impose widespread penalties on those who fail to comply with the new act and its regulations, including heavy fines, shutting businesses down, publicly naming and shaming, seizure of goods and auctioning off of assets and even jail time.
The new regime would also allow the Central Revenue Agency (CRA), which the government is setting up to regulate and collect VAT, to demand details of assets from banking institutions, garnish money owed to registrants by others and restrict access to travel for those who owe outstanding taxes.
The draft Value Added Tax Bill 2013 and Value Added Tax Regulations 2013 obtained by The Nassau Guardian outline dozens of instances that a VAT officer or the VAT commissioner might view as offensive to the act. The nature of these offenses would fall under the categories of minor, serious or very serious.
Individuals and companies are subject to fines by the CRA. However, the fines for companies in the draft legislation are much more serious.
For a minor infraction, an individual would be fined $12,500.
A minor infraction by a company would carry a fine of $25,000.
A serious infraction by an individual would carry a fine of $25,000.
A company would pay a fine of $75,000 for a serious infraction.
A very serious infraction would carry a penalty of $50,000 for an individual.
A company would have to pay a fine of $150,000 for a very serious infraction.
Contravention of the act could also land a violator in the proposed Revenue Court, where a fine of up to $50,000, a prison sentence of up to two years, or both, can be handed down for a variety of offenses.
The rules apply to VAT registrants, those who perform professional services, importers and even VAT officers.
As far as fines go, of the listed infractions in the draft regulations, 34 of them are listed as very serious, 18 are listed as serious and nine are listed as minor.
Some of the minor infractions include a registrant failing to display the price of an item exclusive of value added tax, and failing to display a valid certificate of registration in a conspicuous place in the location of taxable activity.
Serious offenses range from failing to properly fill out an import declaration form in the proper manner to interfering with the VAT commissioner in the exercise of his powers.
Very serious infractions include failure to give the VAT commissioner or VAT officer reasonable assistance or to answer questions; a bank or financial institution failing to comply with a request made by the VAT commissioner in writing; a promoter allowing public entertainment to take place without having paid the amount of security requested or without having received the approval of the VAT commissioner in writing, and failure to keep reliable accounting records in English in relation to taxable transactions or failing to keep such records for a period of seven years.
POWERS
The Central Revenue Agency will also be able to issue notices for access to premises allowing VAT officers to conduct audits or inspections. The CRA would also be allowed to take possession of a business' books, documents or computer records for further examination.
The CRA would also be able to issue notices to third parties, including contacting a registrant's bank or receivers to demand details about an individual's assets.
The CRA would also be empowered to garnish money held by third parties.
It would be able to seize goods, vehicles and other assets where it is proven that VAT due was not paid on the goods in question. Those goods seized may be sold to cover VAT due.
According to the legislation, proceeds from seizure and auctioning of assets will be used for any other related cost involved in process of seizure and the recovery of delinquent taxes.
Goods for auction include property and other assets not exempt by law. The CRA can also publish the names of non-compliant taxpayers in the newspapers. The VAT commissioner may also recover unpaid tax by distress proceedings.
Delinquent taxpayers can also be restricted from travel until outstanding taxes are settled.
The CRA would also be able to temporarily close businesses of non-compliant taxpayers for refusal to pay taxes due.
Financial Secretary John Rolle recently told The Nassau Guardian that a strict regime would have to be put in place to avoid VAT fraud and corruption.
"First you have to have the system to detect and the right controls," Rolle said. "And second, you make sure that the punishment is severe enough to be a deterrent.
"If there is someone who is an employee of the government and they are discovered to be corrupt, they can face fines of up to $100,000 depending on the severity of their transgression, plus imprisonment.
"That is going to be a part of this, making sure that punishment for going astray or being corrupt is severe and the punishment is given out."
The Ministry of Finance is setting up the CRA, which will be chiefly responsible for the collection of VAT, along with the Department of Customs.
Rolle estimates that the agency will need 150 people to run effectively.
He said the customs officers will collect VAT at the borders when non-exempt goods are imported. Business owners will be obligated to pay VAT to the Central Revenue Agency once they provide a service or sell goods.
Rolle said the Ministry of Finance will conduct spot checks, or audits, if there is reason to suspect that some businesses are trying to evade paying taxes.
The government plans to roll out VAT on July 1, 2014 at a rate of 15 percent in the wide majority of cases.

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News Article

March 12, 2012
BORCO's 400M expansion to capitalize on 'shutdowns'

The Bahamas Oil Refining Company (BORCO) will pour $350 to $400 million into a "near term" expansion project in Grand Bahama to boost capacity in anticipation of refinery shutdowns in the region.
The disclosure, included in a presentation by parent company Buckeye Partners at a recent corporate access event, reveals specific details on the facility's push to "connect the dots" and meet a growing demand.
"Recent announcements of Northeast U.S. and Caribbean refinery shutdowns have created a need for new sources of product supply," the document read. "New global refining capacity coming online will seek deficit markets."
While the presentation doesn't delve into specifics
on the refineries in question, on the minds of investors is the impending shutdown of the HOVENSA oil refinery in St. Croix, U.S. Virgin Islands.
Back in January, the Hess Corporation, a key stakeholder in the refinery, said the low price of natural gas in the U.S., new refining capacity in emerging markets and the economic crisis had placed HOVENSA at a "competitive disadvantage".
The refinery is one of the 10 largest in the world and the biggest in the Caribbean.
Meanwhile, Buckeye Partners, listed on the New York Stock Exchange (NYSE), is expected to provide 7.9 million barrels of additional storage capacity at BORCO in the near term.
The Grand Bahama facility now includes 80 tanks, providing 21.4 million barrels of crude oil, fuel oil, and refined petroleum product storage. While the current expansion calls for adding 7.9 million barrels of capacity, there is "room to ultimately double the existing storage capacity".
The impending project is to be completed in phases, according to the presentation.
Phase one, adding capacity for an additional 3.5 million barrels, was initiated in the second quarter of last year.
The first incremental capacity is expected to be online soon, by the second half of this year, which includes a combination of refined products and fuel oil.
"Later phases" will bring in an additional 4.4 million barrels of storage, although it is unclear as to the exact timeline.
The $350 to $400 million build-out, once completed, is expected to bring $70 to $80 million in additional revenue before interest, taxes, depreciation and amortization.
In addition to the BORCO expansion, Buckeye's Perth Amboy acquisition also features prominently in the parent company's strategy going forward.
The purchase, estimated to close in the second quarter of this year, involves a New York Harbor marine terminal for liquid petroleum products. Buckeye acquired this facility from Chevron for $260 million, in cash.
The presentation detailed the acquisition as a "unique opportunity" to acquire a key link in the product logistics chain and "unlock significant long-term value across the Buckeye enterprise".
The buy, according to the company, will represent hundreds of millions in future growth over the next several years.
The four docks, with pipeline, water, ray land truck access, is in close proximity to Buckeye's Linden complex.
Buckeye made the point that BORCO and Perth Amboy are central to the parent company developing a fully integrated and flexible network of global operations.
"Execution of this strategy will continue to differentiate Buckeye's service offerings and provide sustainability and optionality for further growth in our core businesses," the document said.
The BORCO storage expansion in Grand Bahama should continue to boost this area of the enterprise. In fact, 83 percent of its revenue came from storage, while 11 percent came from berthing and six percent "other ancillary" services.
Buckeye, according to representatives from the company, have paid cash distributions to unitholders each quarter since its formation in 1986 and has increased distributions for the past 31 consecutive quarters.

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News Article

June 27, 2014
Farquharson begins contempt sentence

Controversial attorney Geoffrey Farquharson began serving a 14-day contempt of court sentence Thursday after he told Justice Bernard Turner he had "no intention" of paying a $2,000 fine to avoid incarceration.
Farquharson joined his client Christopher Butler on the bus to Her Majesty's Prisons yesterday afternoon. Farquharson was representing Butler in a murder and armed robbery trial moments earlier.
Farquharson was all smiles and held his head high as two police officers led him away with his hands cuffed behind his back.
Two other officers followed holding Farquharson's briefcase, robe and law books.
Turner found Farquharson in contempt on May 22 for remarks that he made in the face of the court during the Kofhe Goodman murder trial.
On June 4, he was given 21 days to pay a $2,000 fine or, in default, spend 14 days in prison.
The deadline for the expiration for payment was yesterday as the sentence took effect from June 5.
After Butler's trial was adjourned until Monday, Turner asked Farquharson, "Would you indicate to this court if you have paid the fine?"
Farquharson replied, "No, I have not."
"Do you have a stay from the Court of Appeal?"
Farquharson said, "No, I do not. The court could not grant a stay on the facts before them and the transcripts were not available."
Asked if he was in the process of paying the fine, Farquharson replied, "I have no intention of paying the fine."
Farquharson asked the court to consider delaying the commencement of the sentence because he was currently in trial. However, Turner told him that he no longer had the authority to do so.
Farquharson said, "The court is intent to have counsel suffer the indignity of this penalty and damage to his career."
Turner said, "It gives me no pleasure of any sort. I handed down a penalty, a fine and in default of payment of the fine, 14 days in prison."
Before Turner ordered the court officer to take Farquharson away, he said, "You are going to have an unlawful sentence imposed on senior counsel when there are live issues as to whether the conviction was sound."
Turner cited Farquharson for contempt in relation to remarks that he made on May 15, 2013 and July 18, 2013 that impugned the integrity of the court.
In sentencing, Turner said that he was compelled to punish Farquharson to spare another judge from the same behavior.
He said that Farquharson was unrepentant in his behavior by maintaining that he acted properly.
On May 15, Farquharson said, "We are concerned that the apparent bias of the court may be tantamount to participation of the court wittingly, or unwittingly, to this perversion of justice.
"We say that what the prosecution has done is to fix this man up with a case, and that the court, by its actions, may well be viewed by a disinterested observer to be enabling that effort by the prosecution.
"If that is the case, my lord, that would mean that there was a suggestion that the court itself may be guilty of a conspiracy to pervert the course of justice."
On July 18, Farquharson accused the court of "blatantly and flagrantly disregarding the law and making up the law on which it purports to act".

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News Article

June 24, 2014
Farquharson to again appear in court on contempt matter

As time runs out for attorney Geoffrey Farquharson to pay a $2,000 fine levied on him by Justice Bernard Turner earlier this month for contempt of court, Farquharson is expected to appear before the Court of Appeal in a bid to convince it to grant a stay of the order.
This is the second time that Farquharson will petition the court for a stay. The first application was denied because Farquharson had failed to file the appropriate affidavits.
The deadline to pay the fine is June 26, according to Farquharson. Last Friday, Farquharson told The Nassau Guardian that he had no plans to pay the fine.
Farquharson said, "I did nothing wrong. I committed no contempt. I always tell young people not to knuckle under pressure.
"The only reason I would pay the fine is to avoid the embarrassment of going to prison and as unpalatable as that may be, I'm not going to knuckle and pay the fine."
Last week, the Court of Appeal refused to stay Turner's order pending an appeal of his decision.
The court suggested that Farquharson pay the fine, which would be refunded if the appeal succeeded.
But Farquharson said, after prayerful consideration, he has decided not to pay the fine.
Farquharson was found guilty of contempt of court on May 22 for his conduct during the Kofhe Goodman trial, which ended on October 29, 2013, when Goodman was sentenced to death for the September 2011 murder of primary school student Marco Archer.
Justice Turner cited Farquharson for contempt in relation to remarks that he made on May 15, 2013 and July 18, 2013 that impugned the integrity of the court.
In sentencing on June 4, Turner said that he was compelled to punish Farquharson to spare another judge from the same behavior.
He said that Farquharson was unrepentant in his behavior by maintaining that he acted properly.
On May 15, Farquharson said, "We are concerned that the apparent bias of the court may be tantamount to participation of the court wittingly or unwittingly to this perversion of justice.
"We say that what the prosecution has done is to fix this man up with a case, and that the court, by its actions, may well be viewed by a disinterested observer to be enabling that effort by the prosecution.
"If that is the case, my lord, that would mean that there was a suggestion that the court itself may be guilty of a conspiracy to pervert the course of justice."
In July, Farquharson accused the court of "blatantly and flagrantly disregarding the law and making up the law on which it purports to act".

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