Immigration announces 'tech hub' work permit
The Immigration Department has developed the BH-1B work permit to target companies the government is seeking to attract for its “technology hub”, it was revealed yesterday.Dr Donovan Moxey, who chaired the government-appointed Technology Hub Steering
Ex-gaming minister: 'Ideal time' for lottery
The ex-minister who oversaw the web shops’ legalisation yesterday said it was an “ideal time” to introduce a national lottery, suggesting it could generate $150-200m per annum. Obie Wilchcombe, the former minister of tourism, while criticising the go
Arawak chair 'prays' for late reversal on real estate taxation
Arawak Homes’ chairman yesterday said he is “praying” that the Government will reverse course at the last minute on a “material dampener” for real estate and all related industries.Sir Franklyn Wilson told Tribune Business that the move to treat real
EU gives Bahamas blockchain opening
Europe’s failure to account for blockchain technology in its new data protection regime “represents an opportunity for The Bahamas” to capitalise on, a technology executive argued yesterday.Dr Donovan Moxey, who chaired the government-appointed Techn
Technology executive in call for crypto currency legislation
Sterling Global’s technology head is urging The Bahamas to adopt cryptocurrency legislation as a key element in plans to establish the nation as a “technology hub”. Brandon Caruana delivered this message during last week’s three-day blockchain and cr
Gov't plans cruise incentive overhaul
The government is planning to overhaul the tax incentives offered to the cruise industry given that all existing deals bar one have expired, a cabinet minister has revealed.Dionisio D’Aguilar, minister of tourism and aviation, told the House of Assem
Top executive named at Small Business Centre
The government and its partners have named Davinia L Blair as executive director (ED) of the planned Small Business Development Centre (SBDC).She will head the centre, a partnership initiative with the University of The Bahamas (UB) and Bahamas Chamb
Budget's sacrifices can't be 'one-sided'
The government must “make the same sacrifices” it is demanding of Bahamian taxpayers, a top accountant yesterday warning that past lax spending habits will no longer be “tolerated”.Craig “Tony” Gomez, the Baker Tilly Gomez accountant and partner, tol
Govt urged: 'Stop running aviation industry by crisis'
A Bahamian aviation executive yesterday questioned the government’s plan for the sector again, and urged: “stop governing by crisis.”Sky Bahamas chief executive, Randy Butler, pictured, was responding to statements by minister of tourism and aviation
Graycliff chief hits out over Tobacco Bill
A prominent Bahamian cigar manufacturer and hotelier yesterday warned that “absolutely dreadful” legislative reforms will “put us out of business” if implemented.Paolo Garzaroli, Graycliff Cigar Company’s president, hitting out at the Tobacco Control
Small businesses urged: Delay lay-offs to October
Small businesses were yesterday urged to delay lay-offs until October, a sector consultant revealing over one-third of his clients are eyeing immediate cutbacks amid VAT-related “panic”.Mark A Turnquest told Tribune Business that while start-ups need
Retailers given until end-august for VAT pricing adjustments
Bahamian retailers have until August 31 to adjust prices for the 12 percent VAT, with top government officials yesterday expressing confidence that the transition will “not disrupt” commerce.Marlon Johnson, the Ministry of Finance’s acting financial
Realtor touts Bahamas as storm recovery hub
A Bahamian realtor is calling for hundreds of acres in inland New Providence to be set aside for a disaster relief and recovery headquarters serving The Bahamas and wider Caribbean.Mario Carey, founder of Better Homes and Gardens Real Estate MCR Baha
Govt 'kicks can down road' on Bahamasair
The government has admitted to again “kicking the can down the road” on Bahamasair’s $120m loan to spare hard-pressed taxpayers a further $25m burden.Dionisio D’Aguilar, minister of tourism and aviation, slammed the Christie administration’s “naivete
Central Bank: Client loss not like we thought
Growing tax compliance demands have not impacted the Bahamian financial services industry as badly as anticipated, the Central Bank is arguing, despite the sector’s continued contraction.The regulator, in its 2017 survey of the sector’s economic cont
