Beat OECD/EU to income tax
A former attorney general yesterday urged The Bahamas to implement a “progressive” income tax regime geared to its own needs before one is imposed by the OECD/European Union (EU).Alfred Sears QC told Tribune Business that this nation should view its
'Chicken and egg' on project labour
South Abaco’s MP yesterday said concerns over whether there is sufficient housing for a $300m development’s 600-strong workforce represents “a chicken and egg” situation. James Albury, speaking to Tribune Business following the Heads of Agreement si
Bahamas resident defeats Canadian sanctions of $20m
A Bahamas resident has defeated a Canadian regulator’s bid to impose a $20m-plus sanction on him after the Supreme Court ruled it cannot be enforced in this jurisdiction.Justice Ian Winder, in a January 29, 2020, verdict, ruled that the Ontario Secur
Nassau airport upgrades set to resume next week
The Nassau Airport Development Company (NAD) yesterday confirmed it will resume upgrading runway and apron surfaces at The Bahamas’ main airport on February 17.The Lynden Pindling International Airport (LPIA) operator said the latest work would focus
BPL starts its winter generation overhaul
Bahamas Power and Light (BPL) yesterday said its winter maintenance overhaul has begun with one unit at Clifton Pier Power Station being taken off-line for 25 days. The state-owned energy monopoly, in a statement, said the DA13 diesel engine was rem
IAN FERGUSON: Are graduates ready for the world of work?
I sat silently observing an assembly of 12 grade students, and pondered how adequately we have prepared them for the global corporate environment. How focused have we been in ensuring what they receive in our schools is applicable and relevant to the
Disney teams for $1m assistance to start-ups
Disney Cruise Line yesterday teamed with Eleuthera’s Chamber of Commerce and the Small Business Development Centre (SBDC) to pledge $1m in assistance for the island’s business start-ups.The funds, which will be distributed over a three-year period, a
Bahamas to host major pageant
The Ministry of Tourism and Aviation yesterday announced that The Bahamas will host the World Beauty Fitness and Fashion (WBFF) pageant at the Baha Mar resort.
'Beer we go': Sands in full return by June
Bahamians can look forward to Sands Beer and its fellow beverages returning by “early summer”, the brand’s founder revealed yesterday, as he predicted a “massive” effort to rebuild market share. Jimmy Sands, the Bahamian Brewery and Beverage Company
Taxpayer interest bill to jump $50m
Bahamian taxpayers face a $50m post-Dorian hike in debt servicing costs that a former finance minister yesterday described as “very troubling” for fiscal sustainability. James Smith, pictured , who held the post under the first Christie administrati
DPM predicts $130m economic output fall
The government is forecasting that Bahamian economic output may be slashed by a full percentage point due to Hurricane Dorian, the deputy prime minister revealed yesterday. K Peter Turnquest, pictured , launching the House of Assembly debate on the
Digital dollar to have 'monumental effect'
The Chamber of Commerce’s chief executive yesterday predicted that the Bahamian digital currency will “have a monumental effect” on the transparency and safety of local financial transactions. Jeffrey Beckles, speaking after the Central Bank introdu
Demand concern for key Abaco air link
The Abaco Chamber of Commerce’s president has voiced concern over whether there will be sufficient demand to sustain American Airlines’ return to the island which starts today. Ken Hutton told Tribune Business that the resumption of the carrier’s in
Complete Bahamian digital dollar roll-out by year-end
THE Central Bank’s governor yesterday confirmed that the digital Bahamian dollar will be rolled-out throughout all islands during the 2020 second half after being introduced to Abaco by month’s end.John Rolle, pictured, addressing a Bahamas Chamber o
URCA takes consumer protection to Eleuthera
The Utilities Regulation and Competition Authority (URCA) is planning to take its consumer protection message to Eleuthera and Grand Bahama residents this month. The supervisory body, in a statement issued yesterday, said it will return to the latte
