Minister touts other tech hub investors
A government minister yesterday replied to concerns raised by the original Grand Bahama technology hub investor by pointing to other companies attracted to the island. Senator Kwasi Thompson, minister of state for Grand Bahama, used his 2019-2020 bu
Agricultural revival in three-phase plan
A Cabinet minister is aiming to implement a three-phased strategy to revive a Bahamian agriculture sector he says is at a crossroads.Michael Pintard, minister of agriculture and marine resources, during his contribution to the 2019-2020 budget debate
Infrastructure deficit 'can't be quantified'
The Ministry of Works has $100m less than desired in its 2019-2020 capital works budget to tackle a Bahamian infrastructure deficit its minister has described as “unquantifiable”.Desmond Bannister, minister of works, told Tribune Business that many o
Regulator 'division' cure required for web shop tax deal
The government will this week seek to heal Gaming Board “divisions” to pave the way for resolution of the web shop taxation dispute in time for the new fiscal year.Carl Bethel QC, the attorney general, revealed to Tribune Business that “a framework f
Insurance overhaul to meet EU demand
The government is planning to consolidate the Domestic and External Insurance Acts into one in a move that mirrors the banking industry’s compliance with European Union (EU) demands.Tim Ingraham, Summit Insurance Company’s president, told Tribune Bus
Bahamas listing escape awaits FATF 'action plan'
The Bahamas will not be considered for removal from a 12-strong list of nations with weaknesses in their anti-financial crime defenses until it completes its “action plan” by this September.Carl Bethel QC, the attorney general, told Tribune Business
BAIC partners over intellectual property protection workshop
The government last week partnered with a Caribbean agency to host a two-day work workshop on how small and medium-sized businesses can protect their intellectual property.The Bahamas Agricultural and Industrial Corporation (BAIC) and the Caribbean E
Morton Salt union: Lock out ‘union busting’ tactic
Morton Salt’s line staff union is accusing the salt harvester of using its threatened employee “lock-out” as a “union-busting” tactic.
Planning enforcement key to Andros growth
ANY attempt to develop Andros without establishing properly planned and zoned districts will be a “hotbed” for economic and social chaos, a Bahamian engineer has warned.
Over 100 executives attend PI conference
More than 100 tour operators, airline executives and hotel representatives gathered at Atlantis last week to kick-off the 2019 International Travel Partners Conference.
Govt urged: ‘Fortune favours the brave’
The private sector yesterday warned the Government it is rapidly “running out of time” to develop a much-needed structural economic reform strategy, urging: “Fortune favours the brave.”
Hotel chief hits out at ‘parasitic’ union leaders
THE Hotel Corporation’s chairman yesterday attacked “some parasitic” union leaders, arguing that their “extortionate, outrageous and crippling methods” pose a threat to The Bahamas’ economic welfare.
Sands ‘open to’ higher breadbasket margins
A Cabinet minister yesterday hinted the Government may permit higher margins than allowed by traditional price controls on its new “breadbasket” foods line-up due to the rise in perishables.
PM’s ‘grander vision’ overtakes Junkanoo Beach outsourcing
A Cabinet minister yesterday confirmed his plans to outsource Junkanoo Beach’s management to the private sector have been overtaken by the Prime Minister’s “grander vision” for the area.
'Gone cold': Fate of Development Plan concerns
Chamber of Commerce executives yesterday voiced concerns that the National Development Plan (NDP) has "gone cold" and left The Bahamas without a road map to higher growth.
