News / Global Business

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AG ‘unaware’ of alternative non-profit bill

The attorney general has revealed he was only made aware of alternative legislation to regulate Bahamian non-profits days before the current bill was due to be passed by Parliament.

Medical labs sign up despite NHI concerns

Medical laboratories yesterday said they were “willing to start” with National Health Insurance (NHI) despite lingering concerns over payment rates.

NAD eyes fee rise after $15.1m loss

The Nassau Airport Development Company (NAD) is currently mulling another fee increase, as it predicts a “few more years” of losses following $15.1 million in ‘red ink’ incurred during its 2015 financial year.

Minister promises no ‘disruption’ from NHI

A Cabinet Minister yesterday reiterated Government pledges that it would do nothing to “disrupt’” the economy as it rolls out National Health Insurance (NHI), suggesting it would adopt the private-public partnership model pioneered over Value-Added Tax (VAT).

Baha Mar claiming ‘deliberate sabotage’

Baha Mar has accused its main contractor of “deliberate sabotage” and the removal of key construction documents, implying this is part of a cover-up to hide “false accounting practices” that inflated its costs.

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Gov't 'good faith' key to Brewery's 100-job growth

Sands Beer’s manufacturer yesterday said its planned $15 million growth strategy, which could more than double its workforce via the creation of “over 100” jobs in the next five-10 years, depends on the Government maintaining the ‘tax advantage’ it holds over its BISX-listed rival.

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PI residents reclaim condo before $22m fraud ruling

Two Bahamas residents have been allowed by the Supreme Court to reclaim - for the moment - their multi-million Ocean Club condo on Paradise Island, despite a Ca

Executive Entity hits 'virtually every day'

A well-known financial services provider yesterday told Tribune Business his company was receiving an inquiry "virtually every day" on this nation's Executive Entity pr

Sole Bahamian entrant aims to 'break the mould'

The sole Bahamian entrant to a Caribbean-wide competition designed to enhance the region's export potential with Europe has made the initial 'final 30' cut, its pro

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US bank pushes on capital access

BAHAMIAN small and medium-sized companies could access millions of dollars in working capital, and be able to purchase US-made goods, through the U