‘Low level’ corporation tax studied
The Deputy Prime Minister yesterday revealed the Bahamas “may have to look at” implementing a low-rate corporate income tax, as global regulatory pressures force “hard decisions” upon it.
GB Power chief: 'Ship has sailed' on local ownership
GB Power’s top executive yesterday said “the ship sailed on” significant Bahamian ownership in 2010, as he sought to reassure minority shareholders over the $35 million buy-out’s motives.Archibald Collins told Tribune Business that the $8.85 per shar
DPM: Quieting Act 'inherently unfair'
The Deputy Prime Minister yesterday described the Quieting Titles Act as “inherently unfair “ and in urgent need of reform.K Peter Turnquest, who was addressing the Bahamas Association of Land Surveyors’ seminar, said the current system of land owne
Takeover 'defective', but URCA approves Sebas's radio deal
Regulators approved a radio station’s majority takeover by Sebas Bastian’s Brickell Management Group (BMG) despite the application being “ineffectual” due to its partners’ non-compliance.The Utilities Regulation and Competition Authority (URCA), in a
BTC only revenue faller as 19,000 exit mobile
THE Bahamas Telecommunications Company (BTC) is the sole CWC asset that failed to increase revenues in the 2017 third quarter, as it lost 19,000 mobile subscribers.
Bahamian marinas respond to 'under-performance' fear
BAHAMIAN marinas have partnered to combat this nation’s “under-performance” in boating tourism by launching a website that features a booking engine and call centre links.The Association of Bahamas Marinas (ABM), in a statement issued yesterday, said
IAN FERGUSON: Troubled youth must get second chance
THERE seems to be a global conversation about the plight of youth and employment. The Bahamas seems to be no exception, as the highest concentration of unemployed persons are aged between 15 and 24 years-old. Perhaps the cause for greatest concern is
Poor governance undermined Bahamas Power and Light
POOR governance practices are the primary the reason for Bahamas Power and Light’s (BPL) failures, its chairman said yesterday.Darnell Osborne, who was addressing a corporate governance seminar hosted the Bahamas Chapter of the Institute of Internal
Gov't 'can't say' how much spent on NHI
The Minister of Health “cannot say” how much the Christie administration spent on National Health Insurance’s (NHI) launch, saying only: “It’s more than $100 million.”Dr Duane Sands acknowledged that many Bahamians will be amazed the Government canno
Bahamas needs 'material change' on business ease
THE Bahamas Financial Services Board’s (BFSB) chief executive yesterday urged this nation needed to engineer “a material change” in its ‘ease of doing business’ standing.Tanya McCartney, speaking after the Bahamas moved up two spots to 119th in the W
Baha Mar unveils its $25m marketing push
BAHA Mar yesterday unveiled its $25 million marketing campaign to drive new year demand, telling Tribune Business it was eyeing a “very strong 2018”.Graeme Davis, Chow Tai Fook Enterprises (CTFE) Bahamas president, told Tribune Business: “This specif
Business ease: DPM wants to catch Jamaica
THE Deputy Prime Minister yesterday said he wants the Bahamas to match Jamaica’s 70th ‘ease of business’ ranking “in the shortest time possible”, but admitted: “It won’t be overnight.”K P Turnquest told Tribune Business he was under “no illusions” ab
Olympian in dispute on Sebas's radio licence
AN Olympic medallist yesterday denied he had engineered a “hostile takeover” of a radio station to transfer its licence to a firm owned by Island Luck chief, Sebas Bastian.Frank Rutherford, the Bahamas’ first track and field Olympic medallist, told T
US tobacco firm to create 50 jobs in Grand Bahama
UP to 50 new jobs will be created by mid-2018 through a US tobacco manufacturer establishing its overseas hub in Grand Bahama, it was disclosed yesterday.Wind River Tobacco Company, in a joint announcement with the Government, said the island would b
'The bleeding's stopped' on doing business ease
The private sector yesterday warned the Bahamas “can’t jump through hoops” over its rise in the World Bank’s ‘ease of doing business’ index, even though its 119th position means “the bleeding’s stopped”.Edison Sumner, the Bahamas Chamber of Commerce’
