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
Waste too 'entrenched' for govt NHI savings
The Government cannot finance National Health Insurance (NHI) from internal savings because waste and inefficiency is too “entrenched” in the public sector, a Cabinet minister has admitted.Dr Duane Sands, minister of health, told Tribune Business tha
'Useless' BISX claim 'vehemently rejected'
A BISX-listed company has sprung to the stock exchange’s defence by “vehemently rejecting” charges it is “useless”, saying: “We are living proof that the system can work.”Julian Brown, Benchmark (Bahamas) president and chief executive, told Tribune B
Govt ‘won’t stand by’ on water supply threat
The Government “will not stand by” and allow Nassau’s water supply to be disrupted by debts owed to the Water & Sewerage Corporation’s main supplier, its executive chairman has pledged.
BAIC tenant neglect to cost $94k
A $94,000 damages award against the Bahamas Agricultural and Industrial Corporation (BAIC) has been upheld after its neglect resulted in the violation of a tenant’s lease agreement.The Court of Appeal, in a unanimous verdict, threw out the Government
Bahamas gives OECD, EU anti tax evasion bills
The Government has presented the European Union (EU) and OECD with the draft Bills designed to address their concerns over The Bahamas’ ability to combat corporate tax evasion.The Ministry of Finance, in a statement yesterday, said KP Turnquest, depu
Long Island 'dead in water' without airlift
LONG Island will be “dead in the water” if it does not get the necessary airlift, a private sector representative has warned, although there remains reason for optimism over its rebound.Romona Ritchie-Taylor, vice-president of the Long Island Chamber
Bahamas 'misses chance' on canadian pot shortage
Canada’s recent legal marijuana shortage has been branded a “missed opportunity” for The Bahamas by a local advocacy group, which has been “unnerved” by the lack of progress.Terry Miller, chairman of the non-profit Bahamas Cannabis Research Institute
Ministry aims to grow 154 retailer waivers
The Ministry of Finance is turning to technology in a bid to grow the number of footwear and clothing retailers qualifying for Customs duty waivers beyond the 154 already approved.The Ministry of Finance, in a bid to reduce the cost of doing business
Bahamas elected to UN agency's Council
The Bahamas has succeeded in its first-ever bid to join the International Telecommunications Union’s (ITU) council, gaining the votes of 162 out of 177 member states.This nation will now be seated as one of 48 council members for a body that is the U
