Pumping up your electricity savings
By Joshua Key, Green Solutions We’ve barely reached the end of May, and already it feels like summer is in full swing. This means that, after spending the winter months as far away from frigid pools as possible, many Bahamians are making the annua
Gov’t ‘opening Pandora’s Box’ with VAT breaks plan
The Government was yesterday warned that its VAT ‘exemptions’ plan will “open up a Pandora’s Box” of demands for ever-increasing concessions that may undermine the Bahamas’ low-tax model.
Govt to ‘hold spend in line’ with 2016-2017
The Minister of Finance has pledged to hold spending “in line with the previous year as much as we can” in Wednesday’s Budget, with any overshooting caused by the Christie administration’s spending commitments.
Cut spending 5% per year, Govt is urged
The Bahamas needs to cut spending by 5 per cent a year during the Minnis administration’s five-year term in office unless economic growth suddenly picks up, a governance reformer believes.
Govt urged: Unleash the Freeport ‘stallion’
A well-known QC has urged the Government to follow through with “loosening the reins of control” over Freeport, thereby allowing the Bahamas’ “economic stallion to gallop towards the finish line”.
MAB chief: Catastrophic health insurance plan can be ‘hammered out’
The Medical Association of the Bahamas (MAB) president believes it will be possible to “hammer out” a catastrophic health insurance plan, but emphasised: “You can’t look at healthcare in a vacuum.”
Caribbean risk management project is formally launched
The Caribbean Development Bank (CDB) and CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) have launched an ‘Integrated Sovereign Risk Management in the Caribbean’ project, in a bid to more proactively manage hurricane and other
Minister call upon to resolve industrial talks
A trade union leader says he is prepared to give new Labour Minister, Dion Foulkes, a chance to resolve some of the five or six outstanding industrial agreement negotiations.Obie Ferguson, the Trade Union Congress’s (TUC) president, told Tribune Busi
GBPA licensees offerede-commerce seminar
Grand Bahama Port Authority (GBPA) executives are encouraging licensees to embrace global best practices at its upcoming ‘Business Innovation and E-Commerce Boot Camp’, scheduled for June 8 at the Grand Lucayan Resort.Ian Rolle, the GBPA’s president,
Unions 'not satisfied' with Employment Act changes
The Trades Union Congress’s (TUC) president says he is “not at all satisfied” with the Employment Act Reforms passed by the former Christie administration, with redundancy pay “a major issue for us”.Obie Ferguson told Tribune Business: “I don’t think
Fyre Festival organisers wanted free Crown Land
The former minister of investments yesterday revealed he swiftly rejected the Fyre Festival’s organisers when they asked for free Crown Land in the Exumas.Khaalis Rolle told Tribune Business that the ill-fated festival’s promoters approached his mini
Blackbeard's Cay meet halt after activist threat
The public meeting on the Blackbeard’s Cay project’s Site Plan application was indefinitely postponed yesterday, after environmental activists threatened to launch ‘contempt’ and Judicial Review proceedings against the Government.Attorneys for reEart
BTC's $8m network to boost GB service
The Bahamas Telecommunications Company (BTC) yesterday said an $8 million fibre network investment will enable it to launch its FlowTV product on Grand Bahama within the next two weeks. Leon Williams, its chief executive, told Tribune Business that t
Gov't urged: 'Come clean'on country's fiscal position
The new Government was yesterday urged to “come clean” over the Bahamas’ true fiscal position, amid calls for it to slash recurrent spending by 5-10 per cent in the upcoming Budget.Rick Lowe, an executive with the Nassau Institute think-tank, told Tr
Gov't to ensure minority investors make BOB Board
The Government yesterday pledged to ensure minority investors are represented on Bank of the Bahamas’ Board, as it urgently explores options for a multi-million dollar recapitalisation of the troubled institution.K P Turnquest, the Minister of Financ
