'Concessions necessary' in meeting EU demands
The Deputy Prime Minister yesterday revealed that unspecified “concessions were necessary” to meet European and OECD demands for The Bahamas to end so-called “ring fencing”.KP Turnquest, in messaged replies to Tribune Business’s questions, said the G
Nassau water ‘shortage’ alert sounded from July
The Water & Sewerage Corporation’s main supplier was warning of “immediate shortages” that could have “significant ramifications” for Baha Mar and the Government as early as July 2018.
Bahamas 'underestimated' cruise visitors spending
The Bahamas may have “underestimated” cruise passenger spend in Nassau and Freeport, a Cabinet Minister admitted yesterday, following reports of a 59 percent increase since 2015.
'Data room' entry for 50% of Grand Lucayan buyers
Around 50 percent of potential Grand Lucayan buyers have gained access to the “data room” holding details on the property, the Minister of Tourism revealed yesterday.Dionisio D’Aguilar said he remains “hopeful” a buyer will found for the island’s las
Bahamas targets Japan with maritime presence
The Bahamas Maritime Authority (BMA) is aiming to make further inroads into the Japanese shipping market through the opening of its new office in the heart of Tokyo’s Minato district.KP Turnquest, the deputy prime minister, was joined by Renward Well
'Overwhelming' responseto Small Business Centre
MORE than 1,500 persons have registered with the Small Business Development Centre (SBDC), its executive director said yesterday, describing the response as “overwhelming”.Addressing the Bahamas Institute of Chartered Accountants (BICA) seminar, Davi
Soaraway Bahamas? 59% cruise spend rise
Cruise passenger spending in Nassau and Freeport soared by 59 percent over the past three years, making The Bahamas the third highest-yielding destination in the Caribbean.Such findings, which showed per capita cruise passenger spending rise at a rat
NHI branded 'pouring water in leaky bucket'
The proposed two percent National Health Insurance (NHI) “tax” was yesterday likened to “pouring more water into a leaky bucket”, with an attorney arguing: “We’re not ready for it yet.” Carey Leonard, a member of the first Christie administration’s N
Shareholder row hits Ansbacher purchase
Ansbacher (Bahamas) year-long efforts to acquire a rival Bahamian bank have been impacted by a bitter shareholder dispute at its target, a Court of Appeal ruling has revealed.The Hottinger and Vernes families, respectively majority and minority share
PM reveals 'very serious issue' on business licences
The Prime Minister yesterday met with the Ministry of Finance and Bahamian accountants to address a “very serious issue” over planned changes to business licence regulations. Dr Hubert Minnis, pictured, admitted to the Bahamas Institute of Chartered
Water Corp says supplier ignored $246m ‘good faith’
The Water & Sewerage Corporation’s $246m in “good faith” should have ensured its main water provider avoided making “simply unacceptable” warnings about potential supply disruption, its executive chairman said yesterday.
PM calls for more tourism diversity
THE PRIME Minister yesterday stressed that The Bahamas needs to increase tourism diversification to realise the still “untapped” potential of this nation’s major industry.Dr Hubert Minnis, addressing the Bahamas Institute of Chartered Accountants (BI
Minnis to spark 2nd annual tech summit
The Prime Minister is expected to be the keynote speaker at the opening of the second Grand Bahama Technology Summit tomorrow at the Grand Lucayan.Dr Hubert Minnis’ role signals his belief in the event’s importance for Grand Bahama and the wider Baha
'Not business as usual' for struggling auto sector
THE Bahamian auto industry is still struggling for survival, the Bahamas Motor Dealers Association’s (BMDA) president telling this newspaper: “It’s not business as usual.”Coming off the recent Car Show, Fred Albury told Tribune Business: “Regarding t
Minister says tourism spend leak 'pathetic'
The MINISTER of tourism yesterday expressed dismay at what he described as a lack of creativity among Bahamian businesses in enhancing the visitor experience, slamming the tourism dollar leakage as “pathetic”.Dionisio D’Aguilar, addressing the Bahama
