Local Business


Minister to renegotiate cruise ship incentives

The Minister of Tourism has served notice of his intention to change tax ‘rebates’ for all cruise lines to a system based on passengers that “come off the boat and spend money”.Dionisio D’Aguilar said he has scheduled meetings with all the major crui

DPM urges Bahamians: Exploit raw conch shell

The Deputy Prime Minister yesterday called on Bahamians to capitalise on the true value of conch shell raw material and generate more revenue for the country.K P Turnquest, speaking at a signing ceremony for a grant from the Inter-American Developmen

Accountability culture key to business wins

WORKPLACE accountability is vital to success. Accountability is where a person is expected to take ownership of their actions or decisions. It is particularly important for corporate leaders to have a high degree of accountability as they manage huma

Hope Town 'won't settle' for property tax 'floor'

Hope Town is warning the Government it “will not settle” for the ‘floor’ on its real property tax collection deal, which could prove a “model” for the entire Bahamas if better structured.Jeremy Sweeting, the district’s chief councillor, told Tribune

'Seeing is believing: Lucayan hotel buyer urged to reassure

THE Grand Lucayan’s prospective buyer must next week confirm the deal will close imminently to rescue Freeport “from the intensive care unit”, a prominent attorney warned yesterday.Carey Leonard told Tribune Business that the Wynn Group’s chief execu

DPM: $4bn refinery to help eastern GB reach 'full potential'

THE Deputy Prime Minister yesterday said the $4 billion oil refinery that the Government plans to approve on Monday will help his constituency “reach its full potential”.K P Turnquest, the east Grand Bahama MP, urged his constituents to equip themsel

Bay Street taxi drivers face Kelly Dock move

TAXI drivers operating in downtown Nassau yesterday backed “relocation” to facilities at the Kelly Dock - a move that will affect 150-175 persons and their vehicles.Ed Fields, the Downtown Nassau Partnership’s (NDP) managing director, said: “The Down

BOB profits near $2m for half-year

BANK of the Bahamas (BOB) yesterday provided further evidence that its $167.7 million bail-out may provide the foundation for a sustainable future, as half-year profits neared $2 million.The troubled BISX-listed bank enjoyed two consecutive profitabl

BCA calls forproof over 150 Pointe contractors

THE Bahamian Contractors Association’s (BCA) president yesterday called for proof that 150 local contractors are currently employed at The Pointe, expressing scepticism over that figure.Leonard Sands, emphasising that he was not criticising China Con

ART OF GRAPHIX: To crop is more than just a chop

Cropping is an easy yet important step to consider when editing photos. Every image editing program has a crop tool. This is used to crop or clip an image, and it works on all layers of images, visible or invisible. This tool is often used to remove

Farmers' $60m request branded 'astronomical'

A Cabinet Minister yesterday slammed the $60 million assistance being sought by farmers as “astronomical”, and said just 3 per cent of this sum would be forthcoming. Renward Wells, minister of agriculture and marine resources, said the Government was

Bay Street owners to fund boardwalk

THE Prime Minister yesterday promised downtown Nassau’s revival will have a a Bahamian “flavour”, with Bay Street property owners to fund construction of a harbourfront boardwalk.Dr Hubert Minnis, speaking after a site tour of The Pointe development,

Pointe developer targets $100m economic boost

THE Pointe’s developer yesterday forecast the project will inject $100 million into the Bahamian economy when finished, with over 300 Bahamians employed since construction began.Daniel Liu, vice-president of developer China Construction America (CCA)

Farmers: 'We're not waiting for $60m to drop into lap'

FARMERS yesterday defended their request for $60 million in government assistance, saying: “We’re not lazy people waiting for money to drop into our lap”.Caron Shepherd, president of the Farmers United Association (FUA), the body that sought the now-

Minister: No decision yet on Bay Street height restrictions

A CABINET minister says no decision has been made on calls to revise downtown Nassau’s height/zoning restrictions, amid fears they are deterring investment to spark the city’s revival.Dionisio D’Aguilar, minister of tourism, told Tribune Business in