Cabinet-approved PPP policy set for imminent release
A Cabinet-approved Public-Private Partnership (PPP) policy document is set for imminent release as the Government moves “to ensure we get taxpayers value for money”.KP Turnquest, pictured, deputy prime minister, told Tribune Business that the Governm
BPL oil theft exposed by sex in truck
A major oil theft from Bahamas Power & Light (BPL) was only exposed when the thief was distracted by having sex in his truck.
Consumers 'pay the price' for supporting agriculture
The Government has been urged to step back from direct involvement in the agriculture sector amid a “disconnection” between policy goals and budget spending allocations.A newly-published Inter-American Development Bank (IDB) analysis of Bahamian agri
Govt WTO negotiators 'armed and dangerous'
The Government’s WTO negotiating team will be made “armed and dangerous” through the highest possible level of private sector support, the Chamber of Commerce’s chairman is pledging.Michael Maura told Tribune Business that the business community’s in
Web shops: We had 3-month 'tax holiday'
The Government’s changes to the web shop industry’s “sliding scale” tax structure will not prevent the sector moving forward with its legal challenge, a well-known QC says.Wayne Munroe, pictured, who is representing several web shops in their fight a
Abaco 'plagued' by unlicensed business
Unlicensed businesses operating in unregulated districts on Abaco are one of the biggest problems “plaguing” the island, its Chamber of Commerce president believes.Ken Hutton, pictured, while addressing the Abaco Business Outlook conference, lamented
PM intervenes on Lucayan 'looting'
The Prime Minister “aggressively” intervened to prevent Hutchison Whampoa “looting” the Grand Lucayan on the eve of the Government’s takeover, Tribune Business was told yesterday.Michael Scott, chairman of Lucayan Renewal Holdings, the Government-own
Grand Lucayan's financing needs may hit $124m
The Grand Lucayan’s total capital financing needs, inclusive of the $65m purchase price, could almost double to $124m, the deputy prime minister revealed last night.K Peter Turnquest, concluding debate on the guarantee needed to secure $35m in acquis
'Act of cruelty' if govt ignored Grand Lucayan
A Cabinet Minister yesterday warned it would be “an act of cruelty and neglect” to allow the Grand Lucayan to become another Royal Oasis, with Freeport’s air arrivals down 56 percent in two years.Dionisio D’Aguilar, minister of tourism and aviation,
Grand Lucayan buyer: 'I admit I was asking a lot'
The Grand Lucayan’s last potential buyer yesterday confirmed he sought a 20 percent electricity rate discount and hundreds of work permits, saying: “I’m not denying I was asking a lot.”Paul Wynn, the Wynn Group’s chief executive, told Tribune Busines
'Legality' cleared up: New web shop taxation in effect
The web shop industry’s “sliding scale” tax structure took effect on Wednesday following changes to address operator concerns over its legality, a cabinet minister revealed yesterday.Dionisio D’Aguilar, minister of tourism and aviation, told Tribune
Only trim the tree for valid reasons
MANY employers struggle over whether or not to terminate employees who have proven themselves liabilities rather than assets. This struggle is perhaps linked to a number of factors, including the size of the talent pool; concern for the individual’s
Chamber, Govt focus on trade with harvard
Chamber of Commerce executives and Government officials participated in the Harvard Programme to help prepare for the World Trade Organisation (WTO) accession and other trade issues.They heard from Harvard trade economists and policy experts about im
Eighth 'Labour on the Blocks' set for Saturday
The Department of Labour is holding its eighth “Labour on the Blocks” job fair tomorrow at CV Bethel High School on East Street South.Staff from the Department and 22 businesses, including cruise ship recruiters and training companies, will be presen
Minister lauds poultry's 'huge' growth potential
A Cabinet minister yesterday lauded the domestic poultry sector’s growth potential as “huge” given that it currently supplies just 15 percent of the Bahamian market.Michael Pintard, pictured, minister of agriculture and marine resources, addressing t
