Local Business


'No business sense' for Bahamasair out island route expansion

A leading Bahamian airline executive yesterday said that it made “no business sense” for Bahamasair to continue to expand to less profitable out island routes, noting that the government-subsidised airline created an “uneven playing field’ for domestic carriers.

Bahamas secures additional 'sponsored exemption' under FATCA

THE Bahamas has secured “sponsored exemptions” from the US Foreign Account Tax Compliance Act (FATCA) for Foundations, Financial Services Minister Ryan Pinder recently revealed, telling Tribune Business that six vendors had made the preliminary short list to build a FATCA reporting system.

NAD eyes 'robust' summer travel season

NASSAU Airport Development Company (NAD) executives saw an almost three per cent performance increase “across all sectors” during the four day Easter period compared to the same holiday period last year, its CEO telling Tribune Business that that the airport operator was looking forward to a “robust” summer traveling season as well.

Pineapple Air eyes route expansion and larger aircraft

PINEAPPLE Airline executives said yesterday that the airline was looking expand its existing fleet with larger aircraft and resume service on several of its previous routes.

'Rogue operators could impact taxi industry'

ROGUE taxi operators could tarnishing the industry’s reputation according to a union leader who yesterday renewed calls for the industry to become self regulated, telling this newspaper, ”We don’t know who is in the business”.

TAGLaw bolsters offshore presence with addition of Bahamas firm

St. Petersburg, Florida, USA – TAGLaw, an international alliance of independent law firms, has recently named Delaney Partners as its member for the Bahamas. John K. F. Delaney QC, former Attorney General of the Bahamas, founded Delaney Partners, which has quickly established itself as a leader in offshore services and a variety of financial practice areas.

Davis: Cabinet 'considering recommendations' on BEC restructuring

CABINET Ministers are currently deliberating over recommendations made regarding the restructure of the Bahamas Electricity Corporation, Deputy Prime Minister Philip “Brave” Davis has confirmed.

Guess who's coming to dinner? BBC World News

Remember how I’m always writing the importance of stories in marketing and the value other people put on them.

Gov't uged to 'expedite' decision on final VAT rate

A leading small business consultant has urged the government to ‘expedite’ its decision on a definitive Value-Added Tax (VAT) rate.

Treasure Cay in vacation rentals decline due to lack of airlift

TREASURE Cay has seen a loss of 25 per cent drop off in its vacation rental market due to the unavailability of affordable airlift to the destination, a local resort operator telling Tribune Business, “It’s hurt the economy terribly”.

Cabinet approves FATCA model 'in principle'

CABINET has approved “in principle” the Model 1 Foreign Account Tax Compliance Act (FATCA).

World Relays to generate 3,500-5,000 room nights

LOCAL organisers of the International Association of Athletics Federation (IAAF) inaugural World Relays set for next month estimate that 3,500 to just over 5,000 room nights will be generated from just over 1,000 confirmed athletes and coaches and delegates alone.

BNT in nature-based tourism push

THE Bahamas National Trust (BNT) is seeking to develop and promote nature-based tourism in Inagua and Andros, its executive director describing the potential economic impact as “tremendous”.

An apology - letter to the Business Editor

ON April 7, 2014, an article appeared in The Tribune Business Section regarding the Orchid Bay legal matter in which I was critical of an ex parte decision made by Supreme Court Stephen Justice Isaacs, and thus by extension of Justice Isaacs.

FINANCIAL FOCUS: The looming pension gap

Last Monday, both daily newspapers carried stories about our looming pension crisis which seemingly continue to fall on deaf ears. This is a topic which I, and others, have been warning of for years… yet nothing tangible has been done.