Search results for : concession
House Communication by the Rt. Hon. Perry G. Christie on the new status of the Hawksbill
February 03, 2016
House Communication by the Rt. Hon. Perry G. Christie on the new status of the Hawksbill
On July 22, 2015 I made a communication to Parliament concerning the Review of certain concessions contained in the Hawksbill Creek Grand Bahama (Deep Water Harbour and Industrial Area) (Extension of Tax Exemption period) Act 1993, which had been extended for a period of 22 years and were set to expire on August 4, 2015.
Attacking the deficit
August 01, 2017
Attacking the deficit
Many economic units (governments, private institutions, businesses and households) experience budget deficits from time to time. The deficit occurs because the amount of revenue coming in to the economic unit in any given time frame is insufficient to cover the expenses incurred over that same period.
As a result, the shortage (deficit) has to be covered by obtaining funds from other sources. In t...
Sears still interested in PLP leadership
July 18, 2017
Sears still interested in PLP leadership
Despite losing the Progressive Liberal Party (PLP) leadership bid to former Prime Minister Perry Christie in January, former Fort Charlotte MP Alfred Sears said he is still interested in the position.
In a recent interview with The Nassau Guardian, Sears said, "I do have an interest in the leadership, that is why I challenged Mr. (Perry) Christie in January.
"Not only did I challenge him, but I al...
June 30, 2017
42M Fusion Superplex entertainment venue to debut early next year
A $42 million entertainment venue will make its debut in New Providence early next year, introducing the first ever Bahamian IMAX cinematic experience.
In an interview with Guardian Business yesterday, Atavus Group Ltd., the owners of the Fusion Superplex, sought to dispel concerns and speculations surrounding the upcoming family entertainment center located at the tip of Gladstone Road.
Most of t...
Davis calls on Minnis to apologize over Baha Mar
June 26, 2017
Davis calls on Minnis to apologize over Baha Mar
Opposition Leader Philip Brave Davis said yesterday Prime Minister Dr. Hubert Minnis should apologize to the Bahamian people over Baha Mar.
Davis suggested in a statement that the recent revelations on Baha Mar by the government are an acknowledgement that the Progressive Liberal Party was right in its approach to the matter.
On Tuesday, Prime Minister Dr. Hubert Minnis released the heads of terms...
Some Baha Mar documents to remain sealed
June 23, 2017
Some Baha Mar documents to remain sealed
Though the government followed through on its promise to unseal Baha Mar's heads of terms signed with the Government of The Bahamas, there are several "commercially sensitive documents" related to the Baha Mar deal that will remain sealed, Attorney General Carl Bethel said yesterday.
"There are, and we are cognizant of this, other commercially sensitive documents which were sealed at the request o...
ORG chairman: Rethink VAT breaks
May 29, 2017
ORG chairman: Rethink VAT breaks
Adding a value-added tax (VAT) concession on certain items will make the already complicated tax an even greater burden on the private sector, the chairman of the Organization for Responsible Governance (ORG) told Guardian Business yesterday.
Robert Myers said making certain breadbasket items VAT exempt will only make the tax "difficult to manage". Myers said the tax is already a "beast" to manage...
Patty Roker's disastrous election night
May 15, 2017
Patty Roker's disastrous election night
Dear Editor,
When will our television broadcasters invest in the modern bells and whistles and state-of-the-art technology needed to give their viewers 21st century election night coverage?
As the nation retired to watch the election returns, we got the usual cacophony from talking heads parroting the sterile dribs and drabs from the bean counters at the parliamentary registrar's office.
There was...
Centreville recount 'unlikely' to change outcome
May 12, 2017
Centreville recount 'unlikely' to change outcome
Free National Movement (FNM) attorney Michael Scott said yesterday former Prime Minister Perry Christie's attorneys are acting "appalling" in their attempt to acquire votes during the recounting of ballots for the Centreville constituency.
Christie has represented the constituency since 1977 and has led the former governing party, the Progressive Liberal Party (PLP) since 1997.
In the unofficial r...
Neymour demands government explain concessions claim
November 12, 2015
Neymour demands government explain concessions claim
Former Minister of State within the Ministry of Energy and the Environment Phenton Neymour yesterday demanded that the government reveal whether it granted any alleged concessions to international investors seeking approval for a proposed waste-to-energy project in The Bahamas.
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