Building materials still 'go missing' on Abaco
Building suppliers said port security remains a major concern in Abaco as reconstruction efforts start to ramp up because materials are still “going missing”.Chris Lleida, Premier Importers’ chief executive, said demand for the company’s construction
QC’s account closures cost Scotiabank $10k
A Bahamian QC has won $10,000 in damages from Scotiabank (Bahamas) after it abruptly closed his law firm’s bank accounts without giving any warning.
Dutch demand 9% corporate taxation to escape blacklist
The Netherlands yesterday demanded that The Bahamas implement a corporate income tax at 9 percent or higher as the price to escape tax non-cooperation “blacklist”.
OECD tax demands may 'devastate the economy'
The Bahamas “may devastate the economy” if it surrenders too easily to demands from high-tax European nations for a corporate income tax, a former finance minister warned yesterday. James Smith, who held the post during the first Christie administra
Two insurance sites eyed for Health ministry
The Government is in “very advanced negotiations” to move the Ministry of Health into two former insurance buildings in the Palmdale area, a Cabinet minister confirmed yesterday. Dr Duane Sands, minister of health, told Tribune Business that the for
Customs cracks down on Abaco aircraft 'abuses'
Bahamas Customs yesterday said it was cracking down on potential “abuses” by private aircraft in response to concerns that it has grounded Abaco’s only air freight provider post-Dorian.The agency, in a statement issued yesterday, did not say Abaco Fr
Arawak port targets 10-20% profits rise
The Nassau Container Port’s operator yesterday said its 2020 profits could beat the prior year by as much as 10-20 percent following a stronger-than-anticipated first half. Dion Bethell, Arawak Port Development Company’s (APD) president and chief fi
$100m investment to regain Shipyard's competitiveness
The Grand Bahama Chamber of Commerce’s president yesterday voiced optimism that the planned $100m investment in the Grand Bahama Shipyard will maintain its competitiveness. Speaking after Carnival Cruise Line, a 40 percent shareholder in the Shipyar
BTC suffers further 4% mobile subscriber drop
THE Bahamas Telecommunications Company (BTC) suffered a further 4 percent mobile subscriber erosion in the 2019 fourth quarter, it was revealed last night, while struggling to penetrate other market segments. Liberty Latin America (LiLAC), the Baham
Customs grounds sole Abaco freight provider
FEARS were mounting last night that Bahamas Customs’ decision to ban Abaco’s sole aviation freight provider from flying to the island will further setback the island’s post-Dorian recovery. Furious Abaco residents told Tribune Business that blocking
GB electricity demand drops 13% post-Dorian
GRAND Bahama’s electricity demand has declined by 13 percent post-Dorian, it was revealed yesterday, with the island’s sole utility provider suffering a $13m Canadian dollar earnings hit. Emera, the Canadian utility giant that owns 100 percent of Gr
Gov't will invest $50m in Out Island upgrades
THE Government plans to invest more than $50m on Family Island infrastructure projects over the next two years, a Cabinet minister said yesterday. Desmond Bannister, minister of works, told the House of Assembly: “In North Eleuthera we have recently
Bahamian ports face full security exercise
Bahamian ports will face a full security drill later this year, the country’s international standards compliance head said yesterday.Senior Lieutenant Bertram Bowleg, of the Royal Bahamas Defence Force (RBDF), told a seminar on adherence to the Inter
Association provides health insurance access solution
An Association has moved to solve the health insurance affordability and accessibility challenges faced by many Bahamian businesses and individuals. The Western New Providence Association (WNPA) said the January 23, 2020, launch of its group health
EU sorted: Now for France and Holland
The deputy prime minister is “very confident” The Bahamas will resolve its blacklisting by individual European Union (EU) members after it yesterday completed its escape from the bloc’s tax watch-list.K Peter Turnquest told Tribune Business that this
