VAT extension for Dorian-hit islands
The government has extended the deadline for filing September and October’s VAT returns to November 30, 2019, for businesses devastated by Hurricane Dorian. The Department of Inland Revenue confirmed the extension for all VAT registrants on Abaco, t
GB targeting 50% re-open in two weeks
A major Grand Bahama resort is aiming “to re-open at 50 percent capacity within two weeks” after sustaining only minimal damage from Hurricane Dorian.John MacDonald, who heads the property’s condo owners, said that despite not incurring sufficient da
Freeport harbour back in business quick after Dorian
Freeport’s harbour was back to functioning normally within two days of Hurricane Dorian’s passage, a shipping company executive has revealed.Elbert Hepburn, president and chief executive of Elnet Maritime in Freeport, said he has been shipping items
FOCOL 'relentless' in fuel supply restoration
BISX-listed FOCOL Holdings says it has been “relentless” in its efforts to restore fuel supplies and facilities on Abaco in the aftermath of Hurricane Dorian’s devastation.Anthony Robinson, the company’s president and chief executive, said: “Our hear
Freeport firms help water utility rebound
Grand Bahama Utility Company has teamed with other Freeport businesses to accelerate the return of critical fresh-water services to the island following Hurricane Dorian.It is partnering with Grand Bahama Shipyard, Bahama Rock, Bahama Industrial Tech
GB Power: Over 90% of non-flooded are restored
Grand Bahama Power Company says it has restored power to more than 90 percent of customers with dry homes in non-flooded areas following Hurricane Dorian’s passage. Giving an update on restoration efforts, the island’s monopoly utility provider said
Accounting firm’s work ‘misused’ to hide fraud
A Bahamian accounting firm’s work was “misrepresented” to conceal an alleged fraud that has placed $125m of investor monies “at risk”, US federal regulators have alleged.
Strong Bahamas ties to $125m fraud play
Two purported Nassau residents are alleged to be principals in a $125m fraud that involves high-end Paradise Island real estate and a $3.5m Bahamian investment fund.
Bahamian broker in five-day suspension
The Securities Commission yesterday used its powers to temporarily suspend a controversial Bahamian broker/dealer’s registration for five days until next Tuesday. The move was confirmed by SureTrader, the online broker owned by Guy Gentile, via a no
Dorian may push Lucayan sale to 'just before Xmas'
The Grand Lucayan’s chairman yesterday revealed that Hurricane Dorian might delay the resort’s sale until “just before Christmas”, but pledged: “We’ll get it done.” Michael Scott told Tribune Business that while the category five storm’s impact may
'Dinosaur practices' slammed by small business advocate
A small business advocate yesterday branded the continued reliance on guaranteed bank loans to finance the sector as “dinosaur practices”, as he urged entrepreneurs: “Think globally.”Mark A Turnquest, principal of Mark A Turnquest Consulting, told Tr
DPM pledges relief packages for Dorian
The government will create relief packages to assist persons whose lives have been devastated by Hurricane Dorian, the deputy prime minister has revealed. KP Turnquest said this will enable persons to rebuild their lives and communities, as he addre
Minister targets 'normalcy' for farmers and fishermen
Major international agencies are helping The Bahamas with efforts to transform the agriculture and fisheries sectors to a post-Dorian “state of normalcy”, a Cabinet minister said yesterday. Michael Pintard, minister of agriculture and fisheries, tol
CIBC unveils Dorian donation and relief
CIBC FirstCaribbean International Bank made a $100,000 donation to the Bahamas Red Cross, and unveiled financial concessions, as its contribution to Hurricane Dorian relief efforts.Colette Delaney, CIBC FirstCaribbean chief executive and chair of the
Chamber elects new chairman and Board
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has elected Khrystle L. Rutherford- Ferguson as its first female chairman. The non-profit organisation, which serves as the voice of the business community, announced the appointmen
