‘Catching hell’: 100-unit slump in new auto sales
New car dealers were yesterday said to be “catching hell”, with the industry’s third quarter sales likely down by 100 vehicles year-over-year following an especially slow summer.
IDB executive says hurricane insurance ‘prudent’ for Bahamas
An Inter-American Development Bank (IDB) executive yesterday said it was “prudent” for the Bahamas Government to insure against natural disasters, while agreeing there was a need to “fill the gap” on payouts.
Govt ‘still assessing’ 10-year web shop bar
The Government is “still assessing how to address” the 10-year bar on new web shop entrants, a Cabinet Minister yesterday saying his regulatory approach would have been different.
IDB: Tourism off up to 20% if major storm hits
Coastal erosion could be “catastrophic” for the Bahamas if left unchecked, an Inter-American Development Bank (IDB) executive yesterday saying innovative solutions were required.
Celebration loss ‘gives impression Freeport is dead’
The Grand Celebration’s three-month departure will “create the perception Grand Bahama is dead”, an ex-minister of tourism yesterday lamenting the “impact player’s” loss.
Bimini Big Game to re-open Friday
The Bimini Big Game Club Resort and Marina expects to resume full operations this Friday, its executives telling Tribune Business they expect business to start picking up by November.“While our thoughts continue to be with those affected by Hurricane
Morton Salt 'committed to presence on Inagua'
Morton Salt yesterday said it could give no date for when its operations on Inagua will fully resume, but pledged to do so “as soon as safely possible”.The company, in a statement, said: “At Morton Salt, the safety and security of our employees are o
Utility-scale solar ‘no go’ for Nassau
Utility-scale renewable energy is “not economically viable” on New Providence, BPL’s former manager ruling out a $140 million solar farm investment in its business plan.
IMF ‘boiler plate’ no solution for taxation ‘bugs’
An ex-Attorney General yesterday said that while the Bahamas’ tax system “needs to be fixed”, that cannot be achieved through “boiler plate recommendations” such as the IMF’s.
Bahamian providers ‘lack enthusiasm’ on dodgy deal tip-offs
Bahamian financial institutions show “a lack of enthusiasm” in reporting clients’ questionable transactions to the authorities, a Caribbean regulatory body has warned.
‘Secure the future’ by lowering money laundering ‘risks’
The Bahamas needs to “take the tough policy decisions” necessary to improve its ‘high risk’ rating for money laundering and “secure the future”, a former BFSB chairman argued yesterday.
Taxi drivers seek reciprocity over NAD fees plan
Taxi drivers need something in return for accepting new fees at the Lynden Pindling International Airport (LPIA), a union president yesterday agreeing the visitor experience needed improving.
Brent: Liberalisation key to 'economic success'
A Cabinet minister told the Bahamas Financial Services Board’s 2017 annual general meeting (AGM) that liberalisation is key to this nation’s economic success.Brent Symonette, minister of financial services, trade and industry, and immigration, acknow
Morton Salt workers back on 3-day week
Employees at Morton Salt, Inagua’s primary employer, have returned to work albeit on a three-day week, their union president said yesterday.Jennifer Brown, head of the Bahamas Industrial Manufacturers and Allied Workers Union (BIMAWU), told Tribune B
Atlantis appoints its first female president
Atlantis yesterday confirmed it has promoted from within to replace Howard Karawan, making Audrey Oswell the resort’s first female president and managing director.Ms Oswell has risen through Atlantis’s executive ranks, having served as chief gaming o
