Brent: 'We must get it done' on ease of doing business
A Cabinet minister yesterday stressed that the Bahamas cannot simply “talk the talk” on improving the ease of doing business, insisting: “We have to find ways to get this done.”Brent Symonette, minister of financial services, trade and industry and I
Arawak Port targeting further 40% energy cut
The Nassau Container Port operator yesterday said it is targeting a further 40 per cent cost reduction from its renewable energy initiatives, which it believes will lead to further growth opportunities.Michael Maura, Arawak Port Development Company’s
MAB chief's 'surprise' at insurers' NHI meet
The Medical Association of the Bahamas (MAB) president yesterday expressed “surprise” that the Minnis administration had yet to meet with doctors over its plans to reform National Health Insurance (NHI).Dr Sy Pierre indicated he had been taken aback
Govt plans increase to redundancy 'cap'
The Labour Department’s Industrial Relations Unit has enjoyed an 89 per cent success rate in resolving trade disputes over the past 12 months, a Cabinet Minister said yestrerday. Dion Foulkes, minister of labour, told the Senate during his contributi
Accountants 'grapple' with whistleblower obligations
Bahamian accountants are being forced “to grapple with” global rules turning them into client ‘policemen’ and whistleblowers, the Institute’s president said yesterday.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) head, told Tribun
Bar candidate pledges 'anti-competitive' fight
A Bar Association presidential candidate yesterday unveiled plans to uphold legal professional privilege and end “anti-competitive measures” impacting mortgage-related work.Dr Peter Maynard told Tribune Business that he would ensure commercial banks
Bahamas can't be left 'flat-footed' over trade
The Bahamas must not be left “flat-footed” in its approach to international trade, the Chamber of Commerce’s chief executive warned yesterday, arguing that more local companies should seek to enter export markets and trade across borders.Edison Sumne
Galleria downsizes with JFK's closure
Galleria Cinemas yesterday confirmed it will close its JFK Drive location permanently this Thursday, suggesting the move - driven by economic and industry conditions - would impact five jobs at most.Chris Mortimer, Galleria’s president, told Tribune
Govt eyes 'all options 'for Tax Compliance Certificate efficiency
The Deputy Prime Minister yesterday promised the Government is “looking at all options” to improve the Tax Compliance Certificate (TCC) process given continuing private sector concerns.K P Turnquest confirmed to Tribune Business that the Minnis admin
Sports tourism is 'Plan B' for the Grand Lucayan
Marketing Freeport as a sports tourism destination is a ‘Plan B’ strategy if the Grand Lucayan fails to re-open, a Cabinet Minister yesterday admitting the city needs “something transformational”.Dionisio D’Aguilar, minister of tourism, told Tribune
Bahamas 'cannot afford' more rating downgrades
Bahamas First’s top executive yesterday warned that this nation “can’t afford to have more sovereign downgrades” due to the negative impact on private sector credit ratings.Patrick Ward, its president and chief executive, said ratings for the insurer
Matthew shows VAT 'inappropriate' tax for insurance sector
Bahamas First executives yesterday urged the Government to reduce the insurance tax burden, revealing they were mulling innovative ways to combat client under-insurance.Keith Rolle, its senior underwriting vice-president, said the insurer was examini
Commonwealth Bank claims largest market cap on BISX
Commonwealth Bank shareholders voted to return the same Board at its May 31 annual general meeting (AGM), following a 2016 financial year where profits were $57.4 million.‘‘Your bank is an important constituent of the Bahamian economy. We are now the
Bethel: We'll back Baha Mar
The Attorney General has affirmed the Minnis administration’s commitment to aiding Baha Mar’s full opening, while agreeing that commercially sensitive documents relating to the $4.2 billion project should remain sealed for the time being.
US ruling on Brazilian beef 'a warning sign'
The US decision to suspend all Brazilian beef imports should be viewed as “a warning sign”, a Bahamian poultry producer says, arguing that it highlights why this nation needs to become more self-sufficient.“It’s definitely a warning sign,” said Lance
