Davis slams tax cuts for 'those most able to pay'
The Opposition’s leader yesterday questioned why the Government was providing Budget tax breaks to wealthy individuals and businesses given its claim that “the cupboard is bare”.Philip Davis used his Budget debate contribution to assert that the duty
Bahamas Ferries extends freight services to Abaco
Bahamas Ferries has extended its freight services to Marsh Harbour, Abaco, with the addition of its latest vessel, the M/V Inagua Spray.The Inagua Spray, a 246.5-foot roll-on/roll-off (RoRo) vessel, is capable of shipping 18 40-foot containers and tw
PM's address attracts record BHTA audience
The Bahamas Hotel and Tourism Association’s (BHTA) June Board and membership meeting drew a record 180-strong attendance for a speech by the Prime Minister, Dr Hubert Minnis.Members from Andros, Abaco, the Berry Islands, Cat Island, Eleuthera, Exuma,
GB: 59% of room inventory off-line
The Bahamas Hotel and Tourism Association (BHTA) has followed through on a promise to help with Hurricane Matthew restoration on Grand Bahama, where 59 per cent of the island’s total room inventory remains off-line.The BHTA, during the Grand Bahama I
Drink makers fear ‘irreparable harm’ from Budget tariff cuts
Bahamian juice drink manufacturers have warned they face “irreparable harm” if the Government eliminates the 60 per cent duty on rival imports, with one warning up to 20 jobs are at stake.
Downgrade forces NAD debt reserve ‘doubling’ to $38m
The Nassau Airport Development Company (NAD) has been forced to double its debt reserve to $38 million after losing its ‘investment grade’ credit rating, the Minister of Tourism revealed yesterday.
Sir Franklyn: ‘All must be alarmed’ by fiscal position
Sunshine Holdings chairman says “we should all be alarmed” by the Bahamas’ precarious fiscal position, with this nation’s room for manoeuvre “drastically reduced” by the past two decades’ policies.
Baha Mar agreement unsealing ‘very close’
The Government is “very close” to having the agreement for Baha Mar’s construction completion unsealed by the Supreme Court, the Attorney General confirmed yesterday.
‘Don’t cut off nose to spite face’ over vacation rentals
The Bahamas has been warned not to “cut off our nose to spite our face” over plans to regulate and tax the vacation rental industry.
Start-up targeting digital media push
A Bahamian start-up aims to transform the digital media sector by providing platforms that offer the greatest marketing potential for business clients.“We’re on the cusp of something big,” said Marc Hohnstein, co-owner of TAHM Management and Marketin
Chamber unveils Boardand executive members
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has elected a new Board of Directors at its annual general meeting (AGM) for the year 2017-2018.Elected to serve as Board officers were:* Michael Maura - chairman, Arawak Port Develo
ISLAND INSIGHTS: Infrastructure investment ke yto unlock Cat Island's potential
Island Overview The cradle of Bahamian rake ‘n’ scrape music, obeah and plantations, Cat Island is the undisputed cultural heart of the Bahamas. While finding sustainable ways to monetise Cat Island’s cultural exports has proven challenging, the isla
Flowers disagrees with Christie Govt's web shop regulation
The proliferation of web shop locations remains the industry’s most pressing challenge, a senior operator telling Tribune Business he did not agree with how the former administration handled the issue.Craig Flowers, founder of the FML Group of Compan
Clarification
The Bahamas Petroleum Company (BPC) has asked Tribune Business to clarify a quote attributed to its chief executive, Simon Potter, in a June 16 article entitled, ‘Oil explorer’s extra $3.25 million encouraging for Bahamians’.Mr Potter was quoted as s
Sebas’s property group in ‘extraordinary growth’
Sebas Bastian’s property development and construction group boasted $83 million in assets under management at year-end 2015, having made an extremely fast transition from start-up to profitability.
