Oil exploration one step closer
Oil exploration in Bahamian waters is one step closer to reality after an application for environmental approval was submitted to the Government late last week.Bahamas Petroleum Company (BPC), which has spent more than a decade on its exploration pro
Specialist: Gov’t facing ‘minefield’ on Ownership Registry
A Bahamian IT specialist is warning the Government it faces a technical “minefield” over its Beneficial Ownership Registry, whose operations he urged it to outsource to the private sector.
Gov't urged: Delay WTO until 2021's new power plant established
The Government was yesterday urged to delay the Bahamas’ WTO accession until 2021 to coincide with the prospect of lower energy costs for New Providence at least.Robert Myers, the Organisation for Responsible Governance’s (ORG) principal, told Tribun
QC: Licensees ‘can’t trust’ Port over WTO
Freeport needs “two seats” in the WTO negotiations because the Grand Bahama Port Authority (GBPA) cannot be trusted to look after its licensees’ interests, an outspoken QC has warned.
Bahamas' GDP growth '25%' of what's needed
The Bahamas is just “25 per cent of the way” towards generating the economic growth its needs following real GDP expansion of 1.4 per cent in 2017.Robert Myers, a principal with the Organisation for Responsible Governance (ORG), told Tribune Business
BFSB takes insurance conference 'captive'
The Bahamas Financial Services Board (BFSB) attended the annual Risk Management Society (RIMS) conference in a bid to attract external (captive) insurance business.The RIMS annual conference and exhibition, held from April 16-19, is the key global co
Brewery profits increase 10% on election boost
A general election boost and product innovation drove a ten per cent profit increase for Commonwealth Brewery last year to $18.8m.Unveiling its results for the 12 months to end-2017, the Kalik and Heineken brewer enjoyed a 13 per cent year-over-year
Bahamas to host Caribbean's main aviation forum
The Bahamas will host the Caribbean’s largest aviation conference this June, bringing together major players from the sector and tourism industries for three days of discussions.The third annual Caribbean Aviation Meet-up is scheduled for June 12-14
Development Bank cuts losses by 43%
The Bahamas Development Bank (BDB) cut its losses by 43 per cent last year, the Deputy Prime Minister has said, as he urged entrepreneurs to “take another look” at the institution.K Peter Turnquest, speaking at a press conference to highlight the BDB
Bahamas represented at finance crime forum
Three Bahamian executives represented this nation at the Financial Action Task Force’s (FATF) annual Private Sector Consultative Forum (PSCF) that deals with fighting financial crime.The Forum, held from 23-24 April, 2018, was hosted by the United Na
PM, officials at odds over fishing ‘debacle’
The Prime Minister and senior officials are at odds over whether the controversial flats fishing regulations have been suspended, amid fears the situation is becoming an “all-around debacle”.
Bahamas being 'led to slaughter' too far, too fast
The Bahamas is moving too far, too fast to satisfy international demands, a former finance minister warned yesterday, adding: “We’re kind of being led to the slaughter.”James Smith, pictured, also an ex-Central Bank governor, told Tribune Business th
Eleuthera developer mulls subsidiary's IPO
An Eleuthera real estate developer is mulling an initial public offering (IPO) for one of its subsidiaries amid plans to accelerate the build-out of various assets.Erma Carey, secretary of Eleuthera Properties, the Cotton Bay and Jack’s Bay Club deve
Fly fishing chief fears 'complete decimation'
A fly fishing lodge chief yesterday warned the industry will be “completely decimated” if its controversial regulatory regime remains in place.Clint Kemp, the Bahamas Fly Fishing Lodge Association’s president, told Tribune Business that many foreign
Harbour Island power woe: 'All is not lost'
A Cabinet minister yesterday pledged to “shore up” Harbour Island’s electricity shortfall before summer, pledging that “all is not lost” in solving the destination’s 30-year power woes.Desmond Bannister, minister or works, told the Eleuthera Business
