Local Business


Property tax basis 'adds to social ills'

Real property tax is “contributing to a social ill” because it is calculated on real estate value rather than square footage, a well-known realtor is warning.Gino Maycock, a senior broker and appraiser at Colonial Realty, told Tribune Business that t

Governance reformers optimistic over fiscal 'teeth'

Governance reformers yesterday expressed hope that the Fiscal Responsibility Bill has gained more enforcement “teeth”, branding its imminent arrival in Parliament a “momentous occasion”.Matt Aubry, the Organisation for Responsible Governance’s (ORG)

Bahamas targets 'leadership' over ownership registry

The deputy prime minister has reiterated the government’s desire to establish financial services “leadership” by setting the standard for beneficial ownership registries.K Peter Turnquest, in a recent interview with Tribune Business, said he did “not

Private sector warned: 'pay attention to WTO'

Businesses were yesterday urged to “pay more attention” as the government sets “a fast and furious” pace on reforms critical to hitting its end-2019 target for joining the WTO.Darron Pickstock, who heads the Chamber of Commerce’s trade and investment

'Banner' year gives payment provider national coverage

A Bahamian payment solutions provider aims to add a further five locations by the end of August, completing its nationwide coverage with 35 “touch points” following a “banner” first year.Barry Malcolm, Sun Cash’s chief executive, told Tribune Busines

IAN FERGUSON: The mission of a corporate vision

We celebrated 45 years of nationhood this week. I am certain that Bahamians with a heightened sense of national pride and identity used this time to reflect on our progress as a nation and, more specifically, the direction in which we seem to be head

Aliv 'more than just a phone company'

Aliv is continuing to develop a “fairly comprehensive App platform”, an executive yesterday revealing that the mobile operator sees itself as “more than just a telephone company”.Gravette Brown, Aliv’s chief commercial officer, said the company is po

Freeport law firm in litigation honour

A Freeport-based law firm has won the Global Law Experts (GLE) award for Commercial Litigation Law Firm of the Year in The Bahamas – 2018.ParrisWhittaker and its partners, Arthur K Parris, Jacy Whittaker and Kenra Parris-Whittaker, in a statement hai

Inhale cigar tourism for $3bn GDP boost

Dear Editor,I read that new tobacco taxes and regulations are on the cards. My question is: Why is the government trying to kill off an amazing economic opportunity for The Bahamas?Some readers will no doubt be aware that the United States is current

Bahamas' New York tourism base moves

The Bahamas Tourist Office in New York has relocated to a Fifth Avenue address.The office is a key part of the Bahamas’ marketing arm within the US, and serves the entire north-eastern corridor from Virginia to the Canadian border.The Bahamas’ presen

Fears growing over Grand Lucayan deal

Fears were growing last night that the government is scrambling for alternatives to re-open the Grand Lucayan amid concerns that the Wynn Group’s $70m purchase may not work out.K Peter Turnquest, deputy prime minister, yesterday confirmed to Tribune

Minister: World relays benefits 'questionable'

The economic benefits from hosting the IAAF World Relays and top sporting events are “questionable”, a Cabinet minster yesterday arguing that social media is “a better bang for our buck”.Dionisio D’Aguilar, minister of tourism and aviation, told Trib

Atlantis enjoys 15% cash flow jump by Disney/Vegas tie

Atlantis is closer to marrying Disney World and Las Vegas than “any other property in the world”, with net cash flow having increased by 15 percent since its current owner’s 2012 takeover.Morningstar Credit Ratings, the investment analysis firm, in a

DPM targets 'next week' on fiscal bill

The deputy prime minister yesterday said he aims to “lay and debate” the Fiscal Responsibility Bill in Parliament next week, conceding that it is critical to the government’s “credibility”.KP Turnquest told Tribune Business: “I am hoping to have it a

DPM pledges crack down on smuggling

THE deputy prime minister yesterday pledged to crackdown on the “big problem” of smuggling, although he was unable to quantify how much this costs the government in lost revenue.K Peter Turnquest, addressing a Bahamas Chamber of Commerce and Employer