Striping Group's phones 'ringoff hook' over $1m financing
Executives at the Bahamas Striping Group of Companies (BSGC) yesterday said their phones were “ringing off the hook” despite their $1 million facility to assist local entrepreneurs not having launched yet.The company, which recently celebrated its se
Gov't reviewing Road Traffic system roll-out
The Minister of Transport yesterday said the Government has concerns over how the Road Traffic Department’s $9 million automated system was rolled-out, and is conducting a review of the matter.Addressing Parliament during the 2017-2018 Budget communi
$20m spent on western water supply upgrades
New Providence Water Development Company (NPWDCo) has spent almost $20 million over the past year upgrading its water supply infrastructure, with its reverse osmosis plant set to be completed later this summer.The upgrades include a move from the Mou
Miller ‘confounded’ by Budget’s duty slashes
The Government is reviewing several proposed Budget duty cuts following lobbying by a “confounded” ex-Cabinet minister, who fears they will undermine Bahamian manufacturing and small businesses.
Gov’t ‘very confident’ of raising full $722m
THE Government was yesterday said to be “very confident” it will raise the full $722 million borrowing target despite its ‘junk’ creditworthiness and the threat of more downgrades to come.
Ex-Robin Hood owner is ‘done’
THE owner of the former Robin Hood retail chain says he is “done” and preparing to leave the Bahamas, after his latest format held a ‘liquidation sale’ at the weekend.
Tax evasion rise from more VAT exemptions
A well-known financial analyst has warned that tax evasion could “return to pre-VAT levels” should the Government increase exemptions, while emphasising that growth is “the only solution” to the Bahamas’ fiscal woes.
Gov’t to ‘hear out’ PLP’s preferred energy bid today
THE Government will today meet with the ‘preferred’ energy bidder selected by the former Christie administration to “hear them out” on their proposal, Tribune Business can reveal.
Minister says residency processmore important than threshold
A Cabinet minister is more concerned over the process by which permanent residency is granted rather than the threshold that triggers it, adding that the Bahamas has to “re-brand and reposition” to shed the ‘tax haven’ label.Brent Symonette, minister
Minister: 'Open up'Immigration debate
A Cabinet Minister says the Bahamas must “open up the Immigration debate”.Speaking on the sidelines of a recent Rotary Club of East Nassau meeting, Brent Symonette said: “We have to open up the Immigration debate, and debate and make it a hot button
CIBC: No jobs losses fromnorth Abaco consolidation
CIBC First Caribbean (Bahamas) managing director says no jobs were lost from the consolidation of its three north Abaco branches, with the bank hoping to increase its “alternate footprint”.Marie Rodland-Allen, in an e-mailed response to Tribune Busi
Chamber conclave targetsbusiness ease upgrades
THE Bahamas Chamber of Commerce and Employers Confederation (BCCEC) expects to be able to present the Government with “workable” recommendations on improving the ease of doing business when it completes its two-day national conclave next week.The con
Bahamas makes Landfallin the Canadian market
THE Bahamas Financial Services Board (BFSB) hosted Landfall events on May 30-31 in Montreal and Toronto as part of its Canadian promotion drive. The Montreal Landfall event was co-hosted by BFSB and the law firm, DeGrandPre Chait. Stephen Solomon, on
Bahamas' 'credibility' hangs on projection revision explanation
The Bahamas’ fiscal “credibility” depends on it providing a convincing explanation for why the 2016-2017 fiscal estimates changed so drastically in just two months, the Chamber of Commerce’s chairman said yesterday.Gowon Bowe told Tribune Business th
$70m Gov't windfall if it 'pulls the trigger'
The Government can generate a desperately needed $70 million revenue windfall by “pulling the trigger” on its sale-ready majority interest in the Aliv mobile operator, Tribune Business was told yesterday.Gowon Bowe, one of the Government’s advisers,
