'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 $4m allocated yesterday to combat the coronavirus threat, the deputy prime minister pledged yesterday.K Peter Turnquest told the RoyalFidelity Bahamas Economic Outlook tha
GB enthusiastic over Grand Lucayan deal
The Grand Lucayan resort’s sale has brought renewed confidence and optimism to Grand Bahama’s struggling business community, which had been awaiting Monday’s deal completion for months. Greg LaRoda, the Grand Bahama Chamber of Commerce president, sa
Bahamas must be 'global climate change advocate'
The Bahamas and other vulnerable small island states need to become “global advocates” in the battle against climate change, a former Cabinet minister said yesterday. Zhivargo Laing, former minister of state for finance, told a panel discussion at t
Digital B$ critical to disaster strategies
The Bahamian digital dollar is part of the government’s strategy to create “sustainable solutions” for Dorian-type natural disasters, the deputy prime minister said yesterday. K Peter Turnquest, addressing the RoyalFidelity Bahamas Economic Outlook c
ART OF GRAPHIX: Stamping your mark on digital image edits
The clone stamp tool is the oldest and most widely-known replicating device in the Photoshop tool box. The clone stamp is used in digital image editing to replace information from one part of a picture with information from another part. In other ima
Small Business Centre aids 6,700 entrepreneurs
More than 50 percent of the financing approved by the Small Business Development Centre (SBDC) has gone to Hurricane Dorian-impacted entrepreneurs, the deputy prime minister said yesterday. K Peter Turnquest, pictured , tabling the mid-year budget p
Royal Caribbean in $50m PI investment
Royal Caribbean will invest around $50m to develop its Royal Beach Club project on Paradise Island, its chief executive has revealed, having set a late 2022 target date for its opening. Michael Bayley, who is also the cruise line’s president, told T
Construction 'being killed' by large-scale expat hiring
The Bahamian construction industry is being “killed and decimated” by the large-scale importation of foreign workers for jobs that are not being made known to locals, it was argued yesterday.Leonard Sands, the Bahamian Contractors Association’s (BCA)
Insurance VAT can cover public assets, govt told
The government was yesterday urged by a top insurer to use the VAT monies it is earning on insurance premiums to purchase coverage for its buildings and public infrastructure assets.Anton Saunders, RoyalStar Assurance’s managing director, told Tribun
‘Vulnerable on several fronts’ to coronavirus
A Bahamian risk management specialist yesterday warned that this nation is “vulnerable on a few fronts” to the coronavirus outbreak, adding: “This is a storm of its own before hurricane season.”
Insurance to give govt full $65m on Grand Lucayan
A Cabinet minister yesterday said Dorian-related insurance claims will ensure the government receives the full $65m Grand Lucayan purchase price, adding: “Now is time to invest in Grand Bahama.” Kwasi Thompson, minister of state for Grand Bahama, ex
GB Power will reveal new fee's sum raised
Grand Bahama Power Company has been ordered by its regulator to publish quarterly reports showing how much it has collected from its Dorian reconstruction levy, it was revealed yesterday.The Grand Bahama Port Authority (GBPA), in a statement seeking
