Eleuthera developer mulls subsidiary's IPO
An Eleuthera real estate developer is mulling an initial public offering (IPO) for one of its subsidiaries amid plans to accelerate the build-out of various assets.Erma Carey, secretary of Eleuthera Properties, the Cotton Bay and Jack’s Bay Club deve
Fly fishing chief fears 'complete decimation'
A fly fishing lodge chief yesterday warned the industry will be “completely decimated” if its controversial regulatory regime remains in place.Clint Kemp, the Bahamas Fly Fishing Lodge Association’s president, told Tribune Business that many foreign
Harbour Island power woe: 'All is not lost'
A Cabinet minister yesterday pledged to “shore up” Harbour Island’s electricity shortfall before summer, pledging that “all is not lost” in solving the destination’s 30-year power woes.Desmond Bannister, minister or works, told the Eleuthera Business
GB small businesses seek big company ties
Grand Bahama’s small businesses met with three major companies at a Business-to-Business Expo yesterday in a bid to generate new commercial opportunities.Senator Kwasi Thompson, previewing the event, said it was a partnership with the Grand Bahama Ch
IAN FERGUSON: Accommodating our female 'go-getters'
Women have been fully engaged in the Bahamian workforce for more than three generations now. In many cases, women have taken the lead in sectors historically known to be dominated by men. They have become trend setters and go-getters, establishing ne
Investors 'pitch' to potential funders
The Business and Marketing Community Institute (BCMI) held two “pitch days” to allow budding entrepreneurs to seek funding from its Board.The event, called “Your Investors Link”, was held on Friday, March 16, at the Bahamas Chamber of Commerce, and o
Tourism's output to grow 3.4% in 2018
THE tourism industry’s contribution to Bahamian GDP is forecast to grow by 3.4 per cent to $1.784 billion in 2018, as the sector shrugs off the impact of recent hurricanes.Tourism’s benefits were discussed at last week’s 63rd regional meeting of the
'Not a single bribe demand is probed'
Corruption is “rooted in the fabric of Bahamian society”, a survey unveiled yesterday revealing that zero action was taken over the 6 per cent of bribery demands reported to authorities.Transparency International’s Global Corruption Barometer survey
DPM pledges 'most stringent controls' on ownership registry
THE Deputy Prime Minister yesterday promised that the proposed Beneficial Ownership registry will have “the most stringent controls”, amid industry concerns over the lack of prior consultation. K P Turnquest told Tribune Business that it was “not an
'Riddled with danger': How insurance VAT hits storm victims
THE continued imposition of VAT on general insurance premiums is “riddled with danger” for that industry, the Government and wider private sector, a respected accountant warned yesterday.Kevin Seymour, also a former Grand Bahama Chamber of Commerce p
Corporate tax removal paves way for 10-year financial sector 'molding'
THE Bahamas can “mould the financial services industry it wants for the next 10 years” after dumping corporate taxation from a key Bill, a former Cabinet Minister said yesterday.Ryan Pinder, ex-minister of financial services, told Tribune Business th
Fraud, evasion fears block tax breaks on Over-the-Hill goods
Fears of “duty arbitrage” and tax evasion mean that businesses in the proposed Over-the-Hill ‘tax free zones’ will not receive breaks on the goods they sell, the Government revealed yesterday.The Minnis administration, unveiling its long-awaited prop
New water plant in 300% quality rise
A WATER plant that will supply western New Providence communities has seen a 300 per cent quality improvement since it began service in 2017.New Providence Water Development Company’s (NPWDCo) new reverse osmosis plant, now-completed following a two-
Tourism eyes team-up with Black Enterprise
THE head of African American media group, Black Enterprise (BE), has pledged to send potential group business worth millions of dollars to the Bahamas.Earl ‘Butch’ Graves Jr, president and chief executive, led a delegation to the Bahamas that pledged
THE ART OF GRAPHIX: Showing your best face via the Internet
IS there any real value to owning a business website? It is sometimes perceived that small businesses will not benefit because of their size, and inability to produce a well thought-out site. This thought might just be a misconception and, since we a
