Tax crackdown ramp up 'slower than we wanted'
The Ministry of Finance’s top official has blamed COVID-19 for disrupting the “ramp up” of its tax cheats crackdown through a unit charged with ultimately generating $80m-$100m in extra revenues per annum.Marlon Johnson told Tribune Business that the
Caribbean Bottling expands home-produced product line
Caribbean Bottling Company (CBC) has expanded its locally-produced product line with the launch of Sprite Cranberry just prior to summer 2020. The new flavour, which features the crisp taste of fresh cranberries, contains no sugar or calories. It wi
Realtors support rate cut to boost economy
The Bahamas Real Estate Association’s (BREA) president is hoping the government will consider economic citizenship and interest rate cuts as ways to stimulate growth for her industry and the wider economy. With realtors reporting strong interest in
Accountants bracing for insolvency 'spike'
Bahamian accountants are bracing for “a spike” in corporate liquidations, receiverships and restructuring over the next two-three months as the post-COVID-19 fate of many businesses is determined. Craig A “Tony” Gomez, the Baker Tilly Gomez accounta
Oil explorer: Uruguay licence 'won't distract' from Bahamas
An oil explorer yesterday pledged its Uruguay licence success “will not distract” from efforts to drill in Bahamian waters as it remains “absolutely 100 percent focused” on its well obligations to this nation. Simon Potter, the Bahamas Petroleum Comp
Businessman hails end to COVID travel permit's 'nightmare'
A Bahamian businessman has hailed the end to the government’s COVID-19 travel card “nightmare” that he says cost his corporate group “two weeks’ worth of work”.Robert Myers, head of the Caribbean Group of Companies, told Tribune Business that the req
Doctors Hospital in 'second record' before COVID-19
Doctors Hospital says a 30.4 percent cut in losses at its Blake Road facility, combined with increased patient revenues, drove a “second consecutive year of record” financial results during the 12 months to end-January. The medical services provider
Insurers: COVID order 'too restrictive to trade'
Bahamian property and casualty insurers are urging the government to adjust its COVID-19 premium deferral order on the grounds that it is “too restrictive to trade” as peak hurricane season nears.Anton Saunders, RoyalStar Assurance’s managing directo
Govt 'dedicated' to technology hub goal
A Cabinet minister yesterday said the government has not abandoned its Grand Bahama “technology hub” ambitions as it refocuses on training to drive a “resurgence” in entrepreneurs. Kwasi Thompson, minister of state for Grand Bahama, said: “We are con
DPM unaware of more bank exits
The deputy prime minister yesterday said he was unaware of any further Swiss-owned financial institutions preparing to exit The Bahamas while acknowledging the continued pressures on the sector.K Peter Turnquest, pictured, speaking to reporters asse
Govt 'aggressively pursuing' GB airport
The government is “aggressively pursuing” the Grand Bahama International Airport’s (GBIA) acquisition as a “high priority” for the island’s economic revival, a Cabinet minister reiterated yesterday. Kwasi Thompson, minister of state for Grand Bahama
Air travellers adjust to COVID protocols
Bahamian airlines yesterday said travellers have been “receptive and understanding” of the new COVID-19 health measures following inter-island domestic travel’s Monday restart. Sherrexcia “Rexy” Rolle, Western Air’s vice-president of operations and
Taxi driver fury on new 'road blocks'
Furious taxi drivers yesterday slammed the Road Traffic Department (RTD) for shutting down efforts to resume business at Lynden Pindling International Airport (LPIA) following the restart of inter-island domestic travel. Wesley Ferguson, the Bahamas
Wilson sets sights on COVID ‘fails’
A Bahamian insurer’s parent is targeting companies struggling to rebound from COVID-19, its chairman has revealed, after its corporate structure provided a $2.33m buffer against Hurricane Dorian claims payouts.
Hitting IMF target like 'defeating Usain Bolt'
The Bahamas needs an “extraordinary economic shot in the arm” to meet the International Monetary Fund’s (IMF) targets, an ex-finance minister said yesterday, as hitting them would be comparable to “beating Usain Bolt”.James Smith, also an ex-Central
