Shell deal still ‘very much live’
A Cabinet minister yesterday asserted that the deal for Shell’s new power plant “is very much live” despite Bahamas Power & Light (BPL) seemingly making a $70m investment on its behalf.
Oil explorer in New Year local investor fund
A Bahamas-based oil explorer yesterday pledged to set-up an investment fund in the New Year that will give Bahamians access to the potential “fortune of hydrocarbons” from its activities. Simon Potter, the Bahamas Petroleum Company’s (BPC) chief execu
Summit to honour three Bahamians
Three Bahamians will be honoured at Hubert Edwards Global Success Summit 2019, which will be held tomorrow. Barry Rassin, the first Bahamian president of Rotary International; Ricardo P. Deveaux, founder of the Primary School Student of the Year Awar
IAN FERGUSON: A healthy employee is a productive one
Awareness of mind and body wellness has had a noticeable impact on the corporate landscape over the past few decades. More and more businesses, both large and small, have been integrating a holistic approach to wellness and productivity for their emp
'Sliding scale' VAT break on post-Dorian property sales
VAT breaks on real estate sales in Dorian-devastated Abaco and Grand Bahama will be based on a sliding scale that is capped at 50 percent of the total tax due, a senior official said yesterday. Gaynell Rolle, acting controller at the Department of I
Keeping the wood crafting dream alive
The widow of Bahamas Woodcrafters’ founder is working with company staff to keep his 22-year dream alive by making it the leading business in the industry.Alexander Baxter opened the creative wood crafting business in the Soldier Road Industrial Park
'Six main' Dorian tax reliefs ready
Residents and businesses in the Dorian-hit islands will be able to access “six main” tax reliefs when the Government’s special economic recovery zones take effect this Sunday.Gaynell Rolle, the Department of Inland Revenue’s acting controller, detail
Blaze ‘cover up’ over $400k loss
A Bahamian accounting firm was struck by a suspicious fire just as it began an internal probe that led to an employee pleading guilty to defrauding the Government’s housing initiative of $283,264.
Renewables stunned over paying BPL fee
Renewable energy providers yesterday warned it was “imperative” that the government clarify its plan to make users pay the debt servicing fee for Bahamas Power & Light’s (BPL) mega $650m refinance.
No web shop patron winning tax until 2020
The new web shop patron “winnings” tax is unlikely to come into effect until the New Year, the industry association’s chief executive confirmed last night.Gershan Major, head of The Bahamas Gaming Operators Association, told Tribune Business that the
‘Paying the price’ for BPL’s failings
A Cabinet minister yesterday warned that all Bahamians must now “pay the price” for Bahamas Power & Light’s (BPL) failings even as his House of Assembly address left more unanswered questions.
URCA fines BPL $230k over fires, blackout stalling
Energy sector regulators last night revealed they have fined Bahamas Power & Light (BPL) some $229,535 for failing to co-operate with investigations into its summer blackouts and Clifton Pier fires.
Bahamas targets Middle East on financial services
The Bahamas had a strong presence at a Dubai conference that attracted wealth managers and estate planners from the world’s leading financial services jurisdictions.The Bahamas Financial Services Board (BFSB) and Ministry of Financial Services teamed
$3.6m PMH upgrade kicks off immediately
The $3.6m redevelopment of Princess Margaret Hospital’s (PMH) emergency department, and orthopedic and wound care areas, has begun less than one week after the contract’s signing.Inline Project Company began works at the emergency department’s entran
Colina 'proud' over balance sheet praise
Colina Insurance Company yesterday said it was “particularly proud” that the industry’s top rating agency had praised its strong balance sheet in the aftermath of Hurricane Dorian. Catherine Williams, finance vice-president for the life and health in
