Outlook aims to tackle Andros’ ailing economy
WITH the 5th Annual Andros Business Outlook right around the corner, islanders say they are anticipating the forum to do just what the 2017 topic suggests: “Break Barriers! Promote Success”, when the community meets to discuss transformation on Thursday at Dreams Villas in Davis Creek.
Smith aims to block power sale
A prominent QC yesterday “guaranteed” he will launch a Supreme Court action to block the $35 million ‘buy-out’ of Grand Bahama Power Company’s minority Bahamian shareholders.
Extend work permit 'fast track' to locals, Government urged
THE Government has been urged by a governance reformer to extend its ‘fast track’ work permit process to all Bahamian-owned businesses and industries suffering from “a skills gap”.Robert Myers, a principal with the Organisation for Responsible Govern
DPM: Grand Lucayan deal 'won't throw Budget out of whack'
THE Government’s bid to acquire the Grand Lucayan resort will “not throw the Budget out of whack”, the Deputy Prime Minister expressing hope it can be partially re-opened for the 2017-2018 winter season.K P Turnquest told Tribune Business that the pl
AML 'pauses' Carl's Jr expansion strategy
AML Foods yesterday confirmed it had “paused” the expansion of its Carl’s Jr hamburger franchise, after failing to yet generate the return on investment (ROI) it is targeting.Gavin Watchorn, the BISX-listed food and franchise group’s president and ch
BTC cuts 'top heavy' senior management
THE Bahamas Telecommunications Company (BTC) has slashed its “top heavy” executive management by releasing three vice-president-level executives, a union leader told Tribune Business.Bernard Evans, the Bahamas Communications and Public Officers Union
Mail boats to push tariff rise with Gov't
MAIL boat operators have been calling for a tariff increase “for some time now, its Association president confirming the matter will be raised with the Minnis administration.“We have been advocating for an increase in the tariff for sometime now. Tha
Airlift and infrastructure stunt Long Island growth
Tourism and rentalsWith a picturesque blend of hills, blue holes and secluded beaches, Long Island has much room for growth in the tourism sector via Bahamian and international investors. Luxury rental properties offer an exciting way for both local
App-based transportation firm aims 'to make a name'
AN app-based Bahamian transportation network is looking to “make a name for itself”, having attracted just over 1,500 users within its first year, with new management committed to a renewed focus on improving the business.Bahrezy, similar to the popu
Investment bar cut for troubled Family Islands
The Government was yesterday said to be “putting the meat on the bones” of plans to lower the permanent residency investment threshold for economically-depressed Bahamian islands.
Exumians 'locked out of prosperity'
EXUMA’S MP yesterday lamented that many islanders feel “locked out of prosperity” due to the “imbalance” between human capital investment and Public Treasury contributions.Chester Cooper, the keynote speaker at the 10th Exuma Business Outlook confere
'New industries can't wait long for work permits'
THE Government’s ‘fast-track’ work permit process aims to remove bureaucratic obstacles to attracting “a large amount” of new industries to the Bahamas, a Cabinet Minister said yesterday.Brent Symonette, minister of financial services, trade and indu
Good labour Exuma's 'greatest limitation'
THE imbalance between Exuma’s economic potential and shortage of skilled labour is its “greatest limitation”, the Ministry of Tourism’s director-general warned yesterday.Joy Jibrilu, addressing the 10th annual Exuma Business Outlook conference, said:
Tourism: 30 per cent of marketing' not putting heads in beds'
THE Minister of Tourism yesterday said 30 per cent of his marketing spend is tied up in long-term contracts that are failing “to put heads in beds”.Dionisio D’Aguilar told Tribune Business that the Bahamas’ sponsorship of sporting events and teams wa
Bahamas converts Finland taxation deal to automatic
THE Bahamas yesterday upgraded its tax information exchange agreement with Finland to the automatic variety, as it bids to meet global standards by September 2018.K P Turnquest, deputy prime minister, signed the Protocol to Amend the Tax Information
