QC urges: End Port/Hutchison tax breaks
An outspoken QC is urging the Government to force the Grand Bahama Port Authority (GBPA) and Hutchison Whampoa to fulfill their Freeport obligations by ending the tax benefits they currently enjoy.
ActivTrades: The invisible enemy
We tend to think of ourselves, and perhaps understandably so, as the most successful species on the planet, the pinnacle of evolution determined by natural selection.
Hayward’s children launch new court case
The ruinous financial impact of the late Sir Jack Hayward's battle for control of the Grand Bahama Port Authority (GBPA) has been exposed by the $4m legal bill still owed by his estate over a decade later.
Water suppliers hit by 'issues we don't control'
By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net Water manufacturers say third-party issues outside their control impacted the industry's ability to keep up with demand last week after a day's production was lost to the aborted lockd
Total COVID-19 lockdown branded 'economic suicide'
By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net The Prime Minister has been urged to “think like a businessman" by one private sector executive who warned that any renewed attempt to totally lockdown New Providence will be “economic
Colina suffers 96% fall on investment income
A BISX-listed life and health insurer has revealed that 2020 first-half profits were down $3m year-over-year after its investment income plummeted 96 percent due to COVID-19's impact. Colina Holdings (Bahamas), the parent of Colina Insurance Company
Bahamasair's cash burn at $7m on 'deeper dive'
A "deeper dive" has revealed Bahamasair is burning through $7m per month in what one Cabinet minister yesterday described as a "vexing" problem for taxpayers and the Public Treasury.
Water Corp 'hanging on a very tight string'
The Government has little choice but to bail-out a Water & Sewerage Corporation that is "hanging on a very tight string"," a Cabinet minister confirmed yesterday.
First steps to 'eating a planning elephant'
A Cabinet minister yesterday pledged the Government is taking the first steps to "eat the elephant" and end the 10-year wait for Land Use Plans that are demanded by Bahamian law.
Union calms members over Atlantis concerns
The hotel union yesterday sought to calm its Atlantis members by saying it has not been approached by the resort over permanent terminations or severance packages less than the legal minimum.
One hundred plan march for '242 business survival'
Permission is being sought for a "business survival march" to draw attention to the plight of entrepreneurs who fear their firms "might not last beyond September" with the present COVID restrictions. Mark A. Turnquest, the small business consultant
Andros banking access worry as storm forms
The South Andros Chamber of Commerce's head yesterday said access to banking and financial services is the main concern for residents as they prepare for a hurricane amid COVID-19 rest
'Low hanging fruit' for COVID opportunities
The year 2020, and perhaps 2021, will prove to be seasons where entrepreneurship, innovation and creativity will thrive. With thousands of well-established businesses failing under the COVID-19 cloud, and millions being laid-off worldwide, people are
Destination provider signs Disney contract
By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net A Bahamian tour and destination provider has added Disney to its roster of cruise line clients despite the industry's delayed return and wait for COVID-19 border/lockdown restrictions
Water supply warning for independent depots
By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net A major bottled water supplier yesterday said it might have to limit service to some independent depots to enable production to catch up with demand. Christian Knowles, Aquapure’s ope
