Bahamians urged to reject 'consumerism'
Bahamians were yesterday urged to reject a “lifestyle of consumerism”, with a top accountant questioning how many persons are actually “struggling to make ends meet”.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) president, comment
ART OF GRAPHIX: Show resolution on image appearance
If you have been around since the beginning of digital photography you will know how much progress has been made. Today’s models make the first digital cameras look incredibly weak, which is largely due to resolution. What is Image Resolution and wh
Works minister seeks 'lot more funds' in Budget
The Minister of Works yesterday said his ministry needs “a lot more” money than presently allocated in next week’s Budget to address “hundreds of millions” in infrastructure needs.Desmond Bannister, pictured, told Tribune Business that the Ministry o
'Kiss IBCs goodbye' if EU response wrong
The Bahamas “could kiss the entire IBC market goodbye” if it gets its response to Europe’s “ring fencing” demands wrong, an ex-Cabinet minister warned yesterday branding it a “make or break” issue.Ryan Pinder, pictured, a former financial services mi
Crystal Palace demolition set for summer
Baha Mar will demolish the former Crystal Palace resort and casino this summer as it proceeds with expansion plans beyond yesterday’s Rosewood hotel opening.Graeme Davis, pictured, the $4.2bn development’s president, told Tribune Business it hoped to
Bahamas slips in half OECD 'peer review' criteria
The Bahamas slipped slightly in its latest OECD “peer review”, although it maintained its “largely compliant” ranking amid beneficial ownership and tax information exchange concerns.The just-released full Organisation for Economic Co-Operation and De
Rosewood chief: Baha Mar has 'nailed' hotel
Baha Mar has “nailed” the design of its Rosewood hotel, the brand’s president said yesterday, adding he was “absolutely delighted” it did not go through with a previously-threatened exit.Radha Arora, speaking ahead of yesterday’s opening, told Tribun
Baha Mar chief: Atlantis 'cannibalise' fear unseen
Baha Mar’s president yesterday said the feared market “cannibalisation” with Atlantis has yet to occur, with Nassau enjoying record arrivals and airlines seeing 80 per cent “load factors”.Graeme Davis reiterated to Tribune Business that the hotel ind
Ownership Registry is 'not set in stone'
Legislation to create a central Beneficial Ownership Registry is “not set in stone”, the Attorney General has revealed, with the Government seeking “urgent” consultation on the issue.Carl Bethel QC, addressing a Bahamas Financial Services Board (BFSB
$1.745m software deal to facilitate tax exchange
The Ministry of Finance has embraced a software solution from Vizor AEOI Software to help meet its automatic tax information exchange (AEOI) commitments.The Bahamas will use Vizor’s solution to meet its obligations under the Organisation for Economic
BPL's renewable plan delay branded 'pathetic'
A local renewable energy firm yesterday slammed Bahamas Power and Light’s (BPL) failure to produce an acceptable Renewable Energy Plan (REP) on time as “pathetic”.Zoltan Szasz, vice president of technical sales at Bahamas Energy and Solar Supplies, t
$70m Aliv exit delay on Cabinet queries
The Government’s exit from its $70m majority ownership of Aliv has been delayed by the Cabinet’s desire for “clarity and comfort” on the chosen route.
Gov't hotel exit depends if buyer 'still interested'
Completion of the Government’s 26-year bid to exit hotel industry ownership now depends on whether the Bahamian purchaser of its last property “is still interested”.Dionisio D’Aguilar, pictured, minister of tourism, told Tribune Business he planned t
Regulator accuses BPL of ‘compromising renewables’
Regulators fear Bahamas Power & Light (BPL) may have “compromised the introduction of sustainable renewable energy in the shortest possible time” by breaching the Electricity Act 2015.
Ownership Registry could 'destabilise' financial services
An ex-Cabinet minister has warned that creating a central Beneficial Ownership Registry could “destabilise” the Bahamian financial services industry and should be shelved “for now”.Ryan Pinder, a former financial services minister, told a Bahamas Fin
