Auto dealers: 'God help us' if 30% fall persists
New car dealers yesterday expressed “grave concern” over the 31.17 per cent third quarter sales decline, warning: “God helps us if this trend continues into 2018.”Fred Albury, the Bahamas Motor Dealers Association’s (BMDA) president, told Tribune Bus
Arawak port predicts near-$3m profit fall
ARAWAK Port Development Company (APD) was 11 per cent ahead of profit projections for its 2018 first quarter, despite forecasting a near-$3 million decline for the full-year.The BISX-listed Nassau Container Port (NCP) operator revealed in its annual
'Put our house in order' before WTO
The Government was yesterday urged to “put our house in order first” and remove the competitive disadvantages facing Bahamian businesses prior to joining the World Trade Organisation (WTO).Robert Myers, a principal with the Organisation for Responsib
Top cruise port operator eyes Nassau takeover
The world’s largest cruise port operator is in talks with the Government to take over management and operations at downtown Nassau’s Prince George Wharf.The approach by UK-based Global Ports Holding was confirmed by its potential joint venture partne
GB Power buy-out’s threat to ‘preferential tax benefits’
THE $35 million GB Power buy-out was yesterday branded “financially catastrophic” for Bahamian investors, an outspoken QC arguing they will will “lose their preferential tax position”.
Gov't targets full WTO membership by 2019
The Minnis Cabinet has approved an “aggressive” push for the Bahamas to become a full World Trade Organisation (WTO) member by 2019.Brent Symonette, minister with responsibility for trade and industry, confirmed to Tribune Business that the WTO proce
Fire truck woes ground Bimini
THE Minister of Tourism has estimated “way in excess of $200 million” is required to upgrade the 28 Out Island airports, as fire safety woes grounded Bimini’s tourism economy.Dionisio D’Aguilar told Tribune Business that Silver Airways was currently
Bahamas 'behooved' to eye corporate tax
THE Bahamas has been urged to assess the feasibility of a corporate income tax without being forced into it by the Organisation for Economic Co-Operation and Development (OECD).Tanya McCartney, the Bahamas Financial Services Board’s (BFSB) chief exec
Brent: 'Days of not playing ball are over'
A Cabinet Minister has pledged that the Bahamas will no longer be “behind the game” on financial services compliance, adding: “The days of not playing ball are over.”Brent Symonette, minister of financial services, trade and industry and Immigration,
GB Power’s $15m investment to ‘set bar for Caribbean’
GB Power Company will invest $15 million in upgrading its transmission and distribution (T&D) system over the next five years, as it aims “to set the Caribbean bar for energy reliability”.
Harsher penalties urged for unlicensed surveyors
A SENIOR government official yesterday called for stiffer penalties to prevent persons acting as unlicensed and unqualified land surveyors.Thomas Ferguson, the Acting Surveyor General, speaking to Tribune Business on the sidelines of the Bahamas Asso
Grand Bahama's cruise tourism rating still 'subpar'
GRAND Bahama’s ranking as a cruise tourism destination “remains subpar and requires immediate attention”, a senior Grand Bahama Port Authority (GBPA) executive has admitted.Derek Newbold, senior manager of business development for the GBPA and its In
BTC contractors in key meeting today
THE Bahamas Telecommunications Company’s (BTC) contract workers are expected to meet with management today in a bid to resolve their grievances, a trade union leader has revealed. Bernard Evans, the Bahamas Communications and Public Officers Union’s
Bimini's economic fears over lay-offs
THE temporary lay-off of 152 Resorts World Bimini (RWB) employees will have a negative ‘trickle down’ impact on the island’s economy, its Chamber of Commerce president says. Edward Reckley told Tribune Business: “There’s normally a downturn at this t
Land registry key to better growth
THE creation of a land registry is key to spurring Bahamian economic growth, an attorney yesterday noting it would not be an overnight fix.
