Corporate tax among WTO reform options
CORPORATE taxation is among the options being assessed for WTO revenue replacement, the Deputy Prime Minister has confirmed, adding: “It’s a brave new world.”K P Turnquest told Tribune Business it was a case of “the sooner the better” when it came to
FOCOL chairman reveals 'bold plans'
FOCOL Holdings’ chairman says the company has “bold plans” that will soon “transform” its operations, although he provided no details.Sir Franklyn Wilson was speaking at the BISX-listed petroleum products supplier’s annual general meeting (AGM) for t
Bonefish Pond provides 1,100 visitor day boost
NEW Providence’s Bonefish Pond National Park generates around $1 million in tourist spending, and 1,100 annual visitor days, for the Bahamian economy.The south-west New Providence parks’ economic impact was detailed in the ‘Economic Valuation of Ecos
Blockchain advocates eye Bahamas forums
A CARIBBEAN group is aiming to capitalise on the huge interest in blockchain and cryptocurrency in the Bahamas by creating a series of monthly exchanges and forums on the technology.The Caribbean Blockchain Alliance, an advocacy group for blockchain
Renward LOI company closes Bahamas office
THE company at the centre of the Renward Wells Letter of Intent (LOI) controversy has closed its Bahamas office, with its local chief executive stepping down from his post.Jean-Paul (JP) Michielsen said he will be leaving his position with Stellar Wa
Water Corp chair warns: Restructuring is coming
The Water & Sewerage Corporation will likely follow other utilities in right-sizing its workforce through voluntary separations, its chairman revealing yesterday: “All options are on the table.”
'We'll lose the plot' if EU/WTO dictate taxation reforms
The Bahamas will have “lost the plot” if it allows external pressures to dictate tax reform, a top accountant yesterday warning against any “knee jerk” changes.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) president, told Tribune
DPM tells banks: 'Do far better' on digital education
THE Deputy Prime Minister yesterday admonished the commercial banking industry to “do a much better job” in preparing Bahamians for the digital financial services age.K P Turnquest, driving home a message he delivered last week, told Tribune Business
RoyalStar profits quadruple amid premium 'hardening'
ROYALStar Assurance’s chairman has warned Bahamian insurance consumers to brace for “hardening” premium prices, following a storm-free 2017 in which its profits more than quadrupled.Sir Franklyn Wilson, writing in the property and casualty insurer’s
Bahamian firm targets 'forefront' of blockchain
A BAHAMAS-based ‘Fintech’ firm that offers consultancy services for potential Bitcoin and cryptocurrency investors has seen a “tremendous increase” in business since late 2017.Island Crypto, a Bahamian-based company focused on cryptocurrency and blo
Tourism website wins 'Best in Class' award
THE Bahamas’ official website has earned the destination the highest honour in the Interactive Media Awards.Bahamas.com, which is the official Bahamas Ministry of Tourism and Aviation (BMOTA) website, has won the ‘Best In Class’ award for the categor
Fronting 'more ferocious' if no pre-WTO crackdown
The Bahamas must crack down on widespread ‘fronting’ that threatens to become more “ferocious” once this nation joins the WTO, a governance reformer has urged.Robert Myers, a principal with the Organisation for Responsible Governance (ORG), told Trib
Bahamas needs $200m to replace lost WTO revenue
THE Bahamas will have to replace almost $200 million or 10.5 per cent of government revenues in a “realistic scenario” for WTO accession, a consultant has revealed.Dr Derk Bienen, who helped drafted a government-funded study on the implications of be
500 hospital fees to come in July 1
THE Government plans to proceed with implementing 500 fees at the Princess Margaret Hospital (PMH) from July 1, amid warnings that it “can’t put essential services at risk”.Dr Duane Sands, minister of health, told Tribune Business that many of these
Near-30% pt occupancy rise 'good for us, bad for Freeport'
A MAJOR Freeport hotel says its near-30 percentage point increase in annual occupancy rates is “good for us but bad for the destination”, which needs to be “made relevant again”.Magnus Alnebeck, Pelican Bay’s managing director, told Tribune Business
