Public purse subsidies soar by $65 million
SUBSIDIES to Government owned and or controlled entities which provide services to the public rose by $64.9m to $392.7m according to the Ministry of Finance’s fourth quarter fiscal snapshot and report on budgetary performance for the fiscal year 2018
Business braces to count the cost of Dorian
THE business community is in a ‘heightened’ state of concern over the potential affect of Hurricane Dorian according to Bahamas Chamber of Commerce and Employers Confederation (BCCEC) chief executive Jeffrey Beckles, noting that, “hurricanes are a pa
China exports drive record crawfish prices
BAHAMIAN fishermen are reaping “the highest price ever” for crawfish at the outset of the 2019/2020 season, with Bahamas Commercial Fishers Alliance (BCFA) vice-president Keith Carroll telling Tribune Business that increased access to foreign markets
Turnquest proclaims lowest deficit level in a decade
FINANCE Minister K Peter Turnquest yesterday touted that “for the first time in a long time” the government has met its deficit target, having recorded a deficit of $222.4m for fiscal year 2018/2019.According to the Ministry of Finance the deficit is
'Corruption and fraud is the Bahamian way of life'
A well-known forensic accountant yesterday lamented what he described as “endemic” corruption in The Bahamas and the refusal to prosecute “fraudsters”.John S Bain, managing partner at UHY Bain and Associates while speaking on the sidelines of an Elde
Revenues beat budget target by $81M
COLLECTIONS of stamp taxes on financial and realty transactions “surged two-fold”, from $109.5m in fiscal year 2017/18 to $225.3m in fiscal year 2018/19, outpacing the budgeted $143.7m the Ministry of Finance’s fourth quarter fiscal snapshot and repo
Port development 'must bring life to downtown Nassau'
BAHAMAS Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive, Jeffrey Beckles, yesterday stressed that a commitment to Bahamian ownership and involvement in the Nassau cruise port redevelopment is “critical”, adding Bahamians mus
Roberts joins BPF board
Bahamas Property Fund (BPF) Limited Chairman Michael Anderson has announced the appointment of Larry Roberts as a Director of the Company effective September 2.Mr Anderson noted that Mr Roberts brings a wealth of experience to BPF as his real estate
IAN FERGUSON: Celebrating milestones in your employees life
Everyone loves to feel appreciated, values and celebrated. Recognising employees for their accomplishments and life events—big or small—shows them you care and are invested in their well-being and success. Whether it’s a birthday, work anniversaries,
Global Ports CEO hails port deal as economic bonanza
GLOBAL Ports Holding’s chief executive said yesterday the developer’s $250m ‘transformation’ of Nassau cruise port will generate billions of dollars for the local economy and thousands of jobs for Bahamians.
Turnquest hopes for early release from FATF process
GOVERNMENT is aiming to be released from the Financial Action Task Force’s (FATF) International Co-operation Review Group (ICRG) process “at the earliest opportunity”, Finance Minister Peter Turnquest said yesterday, noting the country had “carried s
Lucayan chair: 'Calculated conspiracy to embarrass board'
Lucayan Renewal Holdings Ltd (LRHL) chairman Michael Scott yesterday said it was a “calculated conspiracy to embarrass the board” to suggest that the entity was suing the government in its recent Industrial Tribunal proceedings.He was responding to
Customs gamechanger in switch to Click2Clear
CUSTOMS officials said yesterday they had reached a “major milestone” having integrated New Providence seaport to the Click2Clear Portal which will become its primary processing system on September 1.Superintendent Tyrone Sands, underscoring the impo
Tapping into youth innovation
Bahamas First General Insurance Company joined with STEMboard to present Hack IT 2019 – a five-day summer camp providing hands-on Science, Technology, Engineering and Mathematics instruction to private and public school students in grades 9-12 at no
ART OF GRAPHIX: How advertising can help your business
Businesses use advertising to accomplish varied goals. Besides advertising products in traditional venues such as newspapers and general interest magazines, businesses advertise in media that reach specific markets. It can be anything from your shop
