Chief executive officer of the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) Edison Sumner said the rush to purchase items before the introduction of the 12 percent value-added tax (VAT) yesterday was largely unexpected. He said there could be some chaos today as stores
Some businesses have opted to absorb the extra 4.5 percent added on to the existing 7.5 percent value-added tax (VAT), explaining that they do not want to pass those costs on to their customers. But, Chief Executive Officer of the Bahamas Chamber of Commerce and
The Central Bank of The Bahamas (CBOB) found last week that its public website was breached, though it has determined that no personal information had been accessed.
CBOB said in a press release that it became aware of the breach Thursday and began to investigate in
According to aviation expert Llewellyn Boyer-Cartwright, the government's removal of customs duties from imported aircraft has the potential to spur business in a plethora of areas, including fueling, cleaning, engine maintenance, upholstery and servicing.
Boyer-Cartwright's remarks were made in a press release that sought to bolster
An American woman was killed and 10 others injured after the boat they were on exploded in waters off Barraterre, Exuma, early Saturday.
Police said the engine on the boat exploded, causing the vessel to catch fire.
The boat, a Four C’s Adventures craft, was carrying 10
Christian Topperwien yesterday recalled the horror he and his wife felt when they witnessed a boat in Exuma explode, injuring 10 people and killing one on Saturday.
The Topperwiens, who were visiting from Los Angeles, California, were in a boat behind the one that exploded.
Consumers across New Providence stormed shops in droves on Saturday, stocking up on various products before the value-added tax (VAT) increase took effect yesterday, which marked the beginning of the new fiscal year.
VAT rose from 7.5 percent to 12 percent just over a month after the tax
Police discovered a woman’s body off Cowpen Road shortly after 6 p.m. yesterday.
Superintendent Shanta Knowles said police are treating this matter as a murder as the woman had injuries. She said the victim was found in a field east of Bonefish Pond.
“What we know is around
Police are investigating a series of robberies that occurred over the weekend.
The first took place shortly after 3 p.m. on Saturday when a woman on a beach at Rainbow Bay, Eleuthera, was approached by two men, one armed with a knife, who robbed her of
The Bahamas is a young country. We turn 45 next week. Our youth was on full display with the value-added tax (VAT) increase yesterday.
For many the introduction of VAT on January 1, 2015 marked the first time Bahamians were taxed. That’s not true, of course.