Unlicensed dealers seize 40% auto market share
The Government was yesterday urged to crack down on “out of control” roadside auto vendors, a leading dealer estimating they now accounted for 40 per cent of the total market.
Provider: Automatic tax share breaches constitutional rights
A veteran financial services provider yesterday warned that automatic tax information exchange could breach fundamental rights protected by the Bahamian constitution, while threatening to make this nation a “European satellite”.
Gov’t contains early 2017 deficit growth to $27.9m
The Christie administration contained the fiscal deficit’s February 2017 increase to just $7.6 million, putting it on course to close 2016-2017 near its $350 million target.
‘Fingers crossed’ as new auto sales up 12% in Q1
Bahamian auto dealers are “keeping our fingers crossed” that the 2017 first quarter represents the start of a trend, after new car sales increased 12 per cent year-over-year.
Tourism ‘subdued’; LPIA departures decline 3.6%
The Central Bank yesterday identified a mixed outlook for the Bahamian economy, with increased domestic demand offset by a “subdued” tourism performance that saw air departures shrink by 3.6 per cent.
Jamaican exporters target the Bahamas
Jamaica’s trade and investment promotions agency is bringing 18 exporters to the Bahamas on a June 30 trade mission. The visit is part of JAMPRO’s wider strategy to develop Caribbean export markets for Jamaican companies, with visits also planned to
Govt urged: 'Set tune' on spending
The Chamber of Commerce’s chairman yesterday urged the Government to “set the right tune” on controlling public spending, acknowledging that it will be difficult to leave “monumental footprints” initially in terms of cuts.Gowon Bowe told Tribune Bus
Aquapure in award for five-star quality
Bahamas-based KLG Investments yesterday said it has received a five-star ‘QUDAL’ – QUality meDAL - for its Aquapure brand of bottled water.The internationally-renowned QUDAL - QUality meDAL - is awarded to products and services that, according to con
Union: No more downsizes needed for BTC competition
The Bahamas Telecommunications Company’s (BTC) chief executive yesterday said there have been no recent discussions on further staff downsizing, although this was an “open-ended conversation” given increased competition.Leon Williams said there had b
Don't jeopardise sovereignty with automatic tax exchange
The Editor, The Tribune, Your article today, headed ‘Bahamas moves to stop ‘devastating’ blacklisting’, is just another step down a road that has already devastated the financial services industry in the Bahamas. See, for example, the 20 dissolu
Minister: $126m NHI funding ‘doesn’t exist’
National Health Insurance’s (NHI) purported $126 million financing “does not exist”, with the new Government yesterday said to have inherited “the challenge to identify a source of funds” for the scheme.
Minister admits Fyre Fest conflict ‘doesn’t look good’
The involvement of a senior Ministry of Tourism official in the ill-fated Fyre Festival’s catering “doesn’t look good”, a Cabinet Minister admitted yesterday, agreeing it created ‘conflict of interest’ perceptions.
Bahamas moves to stop ‘devastating’ blacklisting
The Government yesterday moved to prevent the “devastating” consequences of a financial services ‘blacklisting’ by confirming its readiness to alter the Bahamas’ automatic tax information exchange approach.
‘Tremendous progress’ on catastrophic care
The Minister of Health yesterday said “tremendous progress” has already been made in designing a catastrophic health insurance scheme, with the Government focusing on a private-public partnership (PPP) delivery model.
Union demands clarity over BTC ownership
The trade union representing Bahamas Telecommunications Company (BTC) line staff yesterday said it will resist industrial agreement changes if the company’s sale has not been fully approved.
