Bahamas leads region on 'convenience bribes'
The Bahamas leads the Latin American and Caribbean region for paying “bribes of convenience” to public officials so that “things are done more quickly or better”, it was revealed yesterday.Transparency International’s Global Corruption Barometer stud
Crowdfunding platform to 'fill big market hole'
A Bahamian financial services provider yesterday said it aims to fill “a big hole in the market” through this week’s launch of its ArawakX crowdfunding platform. D’Arcy Rahming Jr, MDollaz Technology’s chief executive, told Tribune Business that the
Freeport 'desperately needs' govt's $10m
Several hundred Freeport businesses ravaged by Hurricane Dorian were yesterday said to “desperately need” the Government to extend its $10m financing facility to the city.Carey Leonard, the former Grand Bahama Port Authority in-house counsel, told Tr
Realtors: Dorian tax breaks 'plus' as vultures hover
Bahamian realtors yesterday hailed the government’s post-Dorian Economic Recovery Zone incentives as a “big plus” but warned other measures were required to kickstart the rebuild.Mike Lightbourn, Coldwell Banker Lightbourn Realty’s president, told Tr
Red tape fear on Recovery Zones
The government must eliminate bureaucracy and “red tape” if its post-Dorian Economic Recovery Zones are to work, an Abaco-based poultry farmer warned yesterday.“Economic concessions won’t help if the amount of red tape we’ve been dealing with is stil
Bank of the Bahamasgives to Dorian relief
Bank of The Bahamas has donated $25,000 to the Bahamas Red Cross in support of Hurricane Dorian relief efforts.Robert Cox, the bank’s corporate manager for business development, presented the cheque to Terez Curry, president of the Bahamas Red Cross
Bahamas 'paints' ties with key travel agents
The Bahamas recently teamed with American Airlines to host a “Sip and Paint” networking opportunity for some of the carrier’s top travel professionals in the Miami area.Tina Lee, the Ministry of Tourism and Aviation’s district marketing manager, said
Freeport firms '100% disagree'with Recovery Zone exclusion
Freeport-based businesses yesterday “100 percent disagreed” with the government’s decision not to designate Grand Bahama’s commercial hub a Dorian “Economic Recovery Zone”.Others told Tribune Business that they felt the tax breaks and incentives pack
Customs delays Nassau port roll-out to October 1
The implementation of Customs’ electronic single window (ESW) for 80 percent of goods entering this country has been delayed by one month to October 1, it was announced yesterday.The Ministry of Finance said the roll-out of the fully electronic proce
NIB confirms GB restoration
The National Insurance Board (NIB) yesterday confirmed the restoration of services in Grand Bahama. It said its office in Eight Mile Rock is now fully functional, while the office located in Freeport is partially functional in order to issue benefit
QC: Sarkis fight on oppression 'flawed'
A Bahamian QC has slammed the “flawed” bid by Sarkis Izmirlian to defeat the “shareholder oppression” counter-claim brought against him by Baha Mar’s main contractor. Wayne Munroe QC, acting on China Construction America’s (CCA) behalf, argued that
Tax-free status for storm zones 'totally fantastic'
The prime minister’s designation of east Grand Bahama and Abaco as “Economic Recovery Zones” for three years was yesterday hailed by the private sector as “absolutely fantastic”.Ken Hutton, the Abaco Chamber of Commerce’s president, told Tribune Busi
Abaco worried free fuel supply end premature
Concerns are being voiced that the government is ending Abaco’s supply of free gasoline prematurely given that Hurricane Dorian wiped out the island’s payments system.Algernon Cargill, pictured, the joint Dorian relief and redevelopment co-ordinator
Oil explorer in total certainty on $25m well
The Bahamas Petroleum Company’s (BPC) top executive has acknowledged it is now better placed than ever before to deliver a first exploratory well in this nation’s waters by mid-2020.Simon Potter told Tribune Business that shareholder approvals at BPC
Pirate-themed vessel targets $1.5m top-line
A $3m pirate-themed cruise attraction is targeting annual revenues of $1.5m after setting sail on a voyage inspired by its principal’s daughter. Entrepreneur Tony Knowles said he was inspired to invest in the project by his physically-challenged dau
