Flats fishing confusion 'destroying our industry'
The Government was yesterday urged to end “the confusion destroying our flats fishing industry” by publicly clarifying whether it has suspended the sector’s governing regulations.Cindy Pinder, vice-president of the Abaco Fly Fishing Guide Association
'Slap in the face' to let WTO drive our key reforms
A leading retailer yesterday said it will be “a slap in the face” to Bahamian businesses if this nation now modernises its economy for the benefit of foreign rivals and the WTO.Gavin Watchorn, chief executive of BISX-listed AML Foods, told Tribune Bu
Fronting will ‘grow more’ without WTO
THE Bahamas’ chief WTO negotiator yesterday said ‘fronting’ will “become far worse”, with local businesses overrun by foreign rivals, if this nation stays outside the rules-based trade regime.
Corporate tax among WTO reform options
CORPORATE taxation is among the options being assessed for WTO revenue replacement, the Deputy Prime Minister has confirmed, adding: “It’s a brave new world.”K P Turnquest told Tribune Business it was a case of “the sooner the better” when it came to
FOCOL chairman reveals 'bold plans'
FOCOL Holdings’ chairman says the company has “bold plans” that will soon “transform” its operations, although he provided no details.Sir Franklyn Wilson was speaking at the BISX-listed petroleum products supplier’s annual general meeting (AGM) for t
Bonefish Pond provides 1,100 visitor day boost
NEW Providence’s Bonefish Pond National Park generates around $1 million in tourist spending, and 1,100 annual visitor days, for the Bahamian economy.The south-west New Providence parks’ economic impact was detailed in the ‘Economic Valuation of Ecos
Blockchain advocates eye Bahamas forums
A CARIBBEAN group is aiming to capitalise on the huge interest in blockchain and cryptocurrency in the Bahamas by creating a series of monthly exchanges and forums on the technology.The Caribbean Blockchain Alliance, an advocacy group for blockchain
Renward LOI company closes Bahamas office
THE company at the centre of the Renward Wells Letter of Intent (LOI) controversy has closed its Bahamas office, with its local chief executive stepping down from his post.Jean-Paul (JP) Michielsen said he will be leaving his position with Stellar Wa
Water Corp chair warns: Restructuring is coming
The Water & Sewerage Corporation will likely follow other utilities in right-sizing its workforce through voluntary separations, its chairman revealing yesterday: “All options are on the table.”
'We'll lose the plot' if EU/WTO dictate taxation reforms
The Bahamas will have “lost the plot” if it allows external pressures to dictate tax reform, a top accountant yesterday warning against any “knee jerk” changes.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) president, told Tribune
DPM tells banks: 'Do far better' on digital education
THE Deputy Prime Minister yesterday admonished the commercial banking industry to “do a much better job” in preparing Bahamians for the digital financial services age.K P Turnquest, driving home a message he delivered last week, told Tribune Business
RoyalStar profits quadruple amid premium 'hardening'
ROYALStar Assurance’s chairman has warned Bahamian insurance consumers to brace for “hardening” premium prices, following a storm-free 2017 in which its profits more than quadrupled.Sir Franklyn Wilson, writing in the property and casualty insurer’s
Bahamian firm targets 'forefront' of blockchain
A BAHAMAS-based ‘Fintech’ firm that offers consultancy services for potential Bitcoin and cryptocurrency investors has seen a “tremendous increase” in business since late 2017.Island Crypto, a Bahamian-based company focused on cryptocurrency and blo
Tourism website wins 'Best in Class' award
THE Bahamas’ official website has earned the destination the highest honour in the Interactive Media Awards.Bahamas.com, which is the official Bahamas Ministry of Tourism and Aviation (BMOTA) website, has won the ‘Best In Class’ award for the categor
Fronting 'more ferocious' if no pre-WTO crackdown
The Bahamas must crack down on widespread ‘fronting’ that threatens to become more “ferocious” once this nation joins the WTO, a governance reformer has urged.Robert Myers, a principal with the Organisation for Responsible Governance (ORG), told Trib
