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
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.
