Minister 'not thinking' of tourism fall-out from boat tragedy
The Minister of Tourism last night said he “doesn’t want to believe” that the weekend’s boating tragedy in Exuma will result in any negative fall-out for The Bahamas’ main industry.Dionisio D’Aguilar, pictured, told Tribune Business that he was “not
Fishermen: 'Only strong will survive'
BAHAMIAN fisherman have still not fully recovered from the impact of Hurricane Irma, with one industry representative telling Tribune Business: “Only the strong will survive.”Keith Carroll, vice-president of the Bahamas Commercial Fishers Alliance (B
BPL moves forward on utility-scale renewables
BAHAMAS Power and Light (BPL) is trying to complete the framework for its utility-scale renewable energy generation, its top executive, noting there is significant interest in the sector.Whitney Heastie, BPL’s chief executive, said the utility was i
'Put brakes on WTO accession', Govt told
The government was yesterday urged by the private sector to “put on the brakes” over the submission of its latest negotiating “offer” for WTO membership.Darron Pickstock, who heads the Chamber of Commerce’s trade and investment division, told Tribune
Property fund chief blindsided by BISX trading suspension
The Bahamas Property Fund’s administrator last night expressed hope that its trading suspension will be short-lived, having been blindsided by the stock exchange’s move.
$1.2m roadworks wait for IMAX's developer
An IMAX cinema-centred entertainment destination cannot open until a $1.2 million roadworks project is completed, its developer revealed yesterday.Carlos Foulkes, the Atavus Group’s chief executive, told Tribune Business it expected to hear from the
BPL rejects one-third of departure requests
BAHAMAS Power and Light’s (BPL) chief executive yesterday said “one-third” of the company’s voluntary separation (VSEP) applicants have been deemed “critical employees” who cannot be released at this time. Whitney Heastie said those employees will b
Hotel union chief: VAT hike's urgency for industrial deal
The hotel union’s newly-elected president yesterday said the VAT rate hike had increased the urgency for the leadership to secure a new industrial agreement for its 5,000 members.Darren Woods, pictured, told Tribune Business that the Bahamas Hotel, C
Palm Cay benefiting from $2m expansion
A southern New Providence community believes it is reaping the benefits of a six-month expansion that saw it invest $2m to refresh its amenities.Palm Cay, located in the island’s south-east, employs some 100 Bahamians during peak season. The upgrades
Bahamas culinary team named Caribbean's best
The Bahamas National Culinary Team was selected as the region’s best for 2018 as they secured numerous gold, silver and bronze awards at the “Taste of the Caribbean” competition.Apart from winning the coveted “Caribbean National Team of the Year”, Ch
IAN FERGUSON: Don't dismiss benefits of a higher education
We have known the benefits of pursuing a college education for a long time. Research tells us that individuals with higher education earn more, pay more taxes and are more likely than others to be employed and have benefits such as pensions and healt
'Sales cancelled' fear if no VAT grace given
The Bahamas Real Estate Association’s (BREA) president yesterday warned “lots of sales will be cancelled” as the sector makes a last-ditch bid for a smooth VAT transition.Christine Wallace-Whitfield called on the government to either provide a 60-90
Govt urged: seek other buyer on Grand Lucayan
The government was yesterday urged to seek alternative purchasers for the Grand Lucayan following confirmation it has reverted to plans to take an ownership stake in the property.Carey Leonard, pictured, the former Grand Bahama Port Authority (GBPA)
Deficit wipe-out to pave way for NIB, pension fix
The VAT rate hike and deficit elimination will pave the way for the government to rescue NIB and address its multi-billion pension liabilities, the deputy prime minister confirmed yesterday.KP Turnquest told Tribune Business it was “absolutely correc
Banker urges ‘real will’ to tackle pension crisis
A Bahamas-based investment banker yesterday bemoaned the absence of “real will” to drive wide-ranging pension reform, with the government paying “lip service” to its own liabilities.
