Local Business


IDB: Only 22% of local companies ‘innovative’

The Government is targeting the ‘Blue economy’ and agribusiness for economic diversification in an environment where just 22 per cent of Bahamian companies “innovate”.

BAF gets Supreme Court approval as CLICO manager

The Supreme Court has approved the transfer of CLICO (Bahamas) remaining in-force insurance policies to BAF Financial’s management, Tribune Business can reveal.

Water Corp union: Forensic audit had to ‘dig deeper’

The Ernst & Young (EY) forensic audit into the Water & Sewerage Corporation needed to dig deeper, the head of its management union argued yesterday.

National debt strikes $7.9bn at end-2017

THE Bahamas’ national debt hit $7.882 billion at year-end 2017, coming close to the 70 per cent debt-to-GDP ‘danger threshold’ despite the upward revision to this nation’s GDP data.

Bahamas must be ‘more sophisticated’ in blacklist response

The Bahamas must employ a “more sophisticated response” to its ‘blacklisting’, a former Attorney General yesterday urging it to lobby for United Nations (UN) oversight of the matter.

Hotels team with Gov’t on Business Licences

THE Bahamas Hotel and Tourism Association (BHTA) partnered with the Department of Inland Revenue and other government agencies to host a ‘Business License’ training workshop.

IAN FERGUSON: Plans for overcoming resistance to change

CHANGE happens. It happens everywhere and to everyone. It is inevitable that our workplaces will change. The leadership will change. The strategy will change. The vision, goals, objectives and core values will change.

Mail boats: It won’t be ‘business as usual’

A CABINET minister says it cannot be “business as usual” with the mail boat system, acknowledging the need for government intervention to improve the system.

Long Island losing hope over banking solution

LONG Islanders were yesterday said to be losing hope over regaining a full-service bank any time soon with Royal Bank of Canada (RBC) set to pull-out in the coming weeks.

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Bahamas seeks $100m disaster funding facility

The Government is seeking a $100 million ‘contingent’ loan facility that will finance “extraordinary spending” in the wake of hurricanes and other natural disasters.

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Water Corp fires general manager

THE Water & Sewerage Corporation yesterday sacked Glen Laville as its general manager in the wake of the Ernst & Young (EY) forensic audit’s findings.

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DPM: We must review taxation after ‘blacklist’

THE Deputy Prime Minister yesterday said the Bahamas’ tax system must be reviewed following the European Union (EU) ‘blacklisting’, with the Government “praying” for a swift removal.

Gov’ts signals ‘go close your doors’ on Bahamasair

A Cabinet Minister was yesterday said to have sent a “go close your doors” message to private Bahamian airlines by reaffirming unlimited government support for Bahamasair.

Don’t ‘throw baby out in bath water’ on EU response

A former financial services minister yesterday urged the Bahamas not to ‘throw the baby out with the bath water’ in addressing the European Union (EU) concerns that saw it ‘blacklisted’.

WTO membership will aid blacklisting fight

THE Bahamas would be better able to defend itself against the European Union’s (EU) ‘blacklisting’ if it was a full World Trade Organisation (WTO) member, this nation’s lead negotiator argued yesterday.