MP's brother solves developer's tax woe
An MP's brother succeeded where all others failed by resolving a Harbour Island developer's $400,000 tax dispute with the Bahamian government, Tribune Business can reveal. Court documents obtained by this newspaper disclose that Michael Johnson, bro
'This system is set up to stop business'
A businessman yesterday blasted the bureaucratic obstacles further frustrating his family's near three-decade wait to launch an Andros farming venture, saying: "The system is set up to stop business." Ethric Bowe, who played a key role in seeking co
Economy reopens 'in the nick of time'
A Bahamian auto dealer yesterday said his parts section sold "25 percent of what we normally do in an entire month" on the economy's first reopening day, which arrived "just in the nick of time". Ben Albury, Bahamas Bus and Truck's general manager,
Gov't to speed up reforming its SOE loss-makers
The deputy prime minister yesterday pledged to accelerate state-owned enterprise (SOE) reforms after they proved the one area of recurrent spending overruns in the revised 2019-2020 Budget. K Peter Turnquest told Tribune Business the Government must
Workforce flexibility key to COVID reality
By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net Workforce flexibility will be key as Bahamian companies struggle to adapt to the new COVID-19 environment, human resources chiefs said yesterday. Paul Haven, Doctor’s Hospital's hum
Aquapure closes depot on feared COVID case
Aquapure last night revealed the water depot at its Bernard Road headquarters has been closed for cleaning after an employee was thought to have tested positive for COVID-19. KLG Investments, the bottled water producer's owner, in a statement said t
Cruise line unveils November return
A cruise line yesterday said it now plans to resume voyages to The Bahamas on November 4 after extending its return for a further month. Bahamas Paradise Cruise Line's chief executive, Oneil Khosa, said in a statement: “We have been planning our ant
Local businesses optimistic despite slow return
Local business owners have shared business was slow but expected to pick up after the first day of reopening yesterday following the additional one month COVID-19 shutdown.
Foreign reserves take $45m hit, the Central Bank reports
The Central Bank says foreign reserves contracted in the month of July by $45m and will continue to fall on the back of weak tourism demand as they also forecast the economy will continue on this path for the reminder of the year.
Pintard refutes claims of no fisheries action
The minister for agriculture and marine resources calls a Spanish Wells fisherman’s complaints about lack of consultation with the industry “patently untrue”.
GB in approval for 70% water potability
The Grand Bahama Utility Company (GBUC) has received regulatory approval that deems 70 percent of the island’s water is safe to drink, making due on its $5m investment.
Cooper: Deficit amount dated, show us current state
The opposition’s shadow minister for finance says that the deficit is nearly 350 percent than presented in the ministry of finance’s latest fiscal snapshot for the fourth quarter of fiscal year 2019/2010.
ActivTrades: The end of the road for the dollar?
The economic and political concept of monetary hegemony was coined by the economist Michael Hudson in 1972, when he published Super Imperialism.
Debit transactions in 42 percent decline
The Central Bank reports that the value of debit card transactions fell by 23 percent and overall debit transactions declined by 42 percent.
Brice: 2020 'can't be a wash'
Manager at Mario’s Bowling and Family Entertainment Centre is not calling the remainder of 2020 a “wash” as they hope to reopen before the end of the year.
