Bar ethics body's 'woeful failure' in QC reprimand
The Bahamas Bar Council’s ethics committee has been blasted by the Court of Appeal for “woefully failing” to explain its decision to reprimand a prominent QC. Sir Michael Barnett, the court’s president, in a unanimous verdict ruled that the committe
'Stop focusing on the peanuts': GB deals grow one tax $63m
A Cabinet minister yesterday told Bahamians to “stop focusing on the peanuts” as he revealed that the cruise lines’ Freeport projects will generate $63m in annual taxes from just one revenue stream. Dionisio D’Aguilar, minister of tourism and aviati
US: Bahamas regulators are in denial over gaming risks
The US government has accused “certain” Bahamian regulators of failing to accept the financial crime risks posed by online gaming and money transmission businesses.The Trump administration, in its just-released International Narcotics Control Strateg
Private sector: Coronavirus not in our control
Private sector executives yesterday said there was little they can do to combat the coronavirus outbreak and they will take their lead from the government .Wesley Ferguson, president of the Bahamas Taxi Cab Union (BTCU), told Tribune Business that wh
House committee concerns prompt transparency calls
Governance reformers yesterday called for improved transparency in government amid continuing concerns that parliamentary committees are failing to regularly meet. Matt Aubry, the Organisation for Responsible Governance’s (ORG) executive director, t
Taxi chief: Cruise line's PI deal 'adds insult to injury'
Royal Caribbean’s planned $50m beach break destination on Paradise Island further “adds insult to injury” for taxi drivers already struggling to earn a living, their union chief said yesterday. Wesley Ferguson, the Bahamas Taxi Cab Union’s (BTCU) pr
End to one-cent will drive breadbasket price change
Breadbasket items will undergo a “major price adjustment” in the coming months due to the Central Bank’s plan to end the Bahamian one-cent coin’s use as legal tender, a key regulator said yesterday. Danny Sumner, the Price Control Commission’s chair
IAN FERGUSON: How businesses can combat coronavirus
The coronavirus (Covid-19) crisis has reached a critical new phase where businesses need to seriously consider the economic impact the pandemic will have on their bottom line. While the world focuses on containing and mitigating the disease itself, c
Development Bank leads farming revival
The Bahamas Development Bank (BDB) has teamed with other government and international agencies to revive sheep, goat and pig farming in The Bahamas.The institution, in a statement, said it has teamed with the Ministry of Agriculture and Marine Resour
Island Luck TV affiliate uses 'void' radio licence
A radio station controlled by Sebas Bastian’s Brickell Management Group (BMG) is broadcasting using a licence that was “voided” by the sector’s regulator, the Court of Appeal found yesterday. Justice Stella Crane-Scott, in a unanimous verdict backed
'No technical obstacles' to $3.5bn BISX trading
The $3.5bn government debt market’s trading launch on the Bahamas International Securities Exchange (BISX) is “very close”, its chief executive confirmed yesterday. Keith Davies, BISX’s chief executive, told Tribune Business all technical “impediments
Govt revenue 'holding' as January falls $10m
The Ministry of Finance’s top official yesterday said it was “encouraged that revenue collections are holding up” despite a $10.3m year-over-year decline in January. Marlon Johnson, the acting financial secretary, told Tribune Business that the init
'Slow ramp up': Tax cheat combat unit collects first $15m
The Ministry of Finance’s top official yesterday said the government had expected a “slow ramp up” by its tax compliance enforcers after the unit collected just $15m in the 2019-2020 first half.
'We'll do whatever's necessary to defeat coronavirus threat'
The government will “provide whatever resources are required” beyond the extra $4m allocated yesterday to combat the coronavirus threat, the deputy prime minister pledged yesterday.K Peter Turnquest told the RoyalFidelity Bahamas Economic Outlook tha
GB enthusiastic over Grand Lucayan deal
The Grand Lucayan resort’s sale has brought renewed confidence and optimism to Grand Bahama’s struggling business community, which had been awaiting Monday’s deal completion for months. Greg LaRoda, the Grand Bahama Chamber of Commerce president, sa
