Govt told: 'Get a handle' on vacation rental sector
A Family Island resort operator yesterday urged the Government to “get a handle” on the vacation rental industry and introduce a tax structure to collect the “millions” it is currently forfeiting.Edwin Mulford, a long-time boutique resort operator on
Bahamas 'must address' beneficial owner access
The deputy prime minister has reiterated that The Bahamas “must address” access to beneficial ownership information for all corporate entities domiciled in this jurisdiction. KP Turnquest said the Government was looking to the Register of Beneficial
BTC celebrates small business in October
The Bahamas Telecommunications Company (BTC) is again celebrating October as Small Business Month in recognition of over 80 percent of its corporate client base.The company kicked-off its month-long series of events on Friday, September 28, during th
Shipyard sends 20 apprentices to BTVI
Twenty Grand Bahama Shipyard apprentices are attending the Bahamas Technical and Vocational Institute (BTVI) after the company launched its 2018 training initiatives.The apprentices will be taking courses in good housekeeping; incident reporting; saf
Bahamas needs 'more teeth' on vehicle titles
The Bahamas needs an “ironclad” vehicle title system with “more teeth” to better protect consumers from unscrupulous second-hand auto sellers, major dealers urged yesterday.Fred Albury, the Bahamas Motor Dealers Association’s (BMDA) president, and ot
Bahamas forward bookings up 9.2%
Forward visitor bookings to The Bahamas having increased by 9.2 percent, a top tourism official said yesterday, following a total arrivals increase of 15 per cent.Joy Jibrilu, pictured, the Ministry of Tourism’s director-general, said The Bahamas is
Vacation rental rates rise, but hotels decline
Room rates for Bahamian vacation rentals continue to move in the opposite direction to their hotel industry counterparts, with Airbnb bookings increasing 41 percent year-over-year for August.The Central Bank of The Bahamas’ monthly report for August,
Contractors: Sands not always echoed association's view
A Bahamian Contractors Association (BCA) spokesman yesterday said its former president’s views did not necessarily represent those of members, pledging a “conciliatory approach” towards the Government.Drumeco Archer, speaking to Tribune Business in t
Freeport hopeful latest tourism blow 'cushioned'
Grand Bahama was last night hoping that the blow of losing the Grand Celebration for a second consecutive year will be “cushioned” by continued service from its sister cruise ship.Government ministers and senior private sector executives said the Gra
Bahamas 'exceeded goals' at major airlift conference
The Bahamas “exceeded our initial goals and expectations” at the 2018 World Routes Conference in Guangzhou, China, the ministry of tourism’s airlift chief believes.“Geographically, The Bahamas is located thousands of miles away from China, but our pr
Bahamas meets tax exchange deadlines
The ministry of finance last night said The Bahamas had met the September 30 deadline to begin automatic tax information exchange (AEOI) with some 35 partner jurisdictions.Revealing that the first such exchange with another country had already occurr
Cruise lines eye bid on Nassau's 'bottom' port
Royal Caribbean’s top executive yesterday confirmed that the industry has discussed submitting a bid to manage a Nassau cruise port that is “sadly among the Caribbean’s bottom”.Michael Bayley, president and chief executive of Royal Caribbean Internat
Contractor chief: Political pressure forced me out
The Bahamian Contractors Association’s (BCA) president yesterday blamed “sinister and unprecedented” political pressure for forcing him to resign to protect the group’s advocacy efforts.Leonard Sands told Tribune Business that the BCA’s executive boa
Minister 'dumbfounded' by construction chief's claims
A Cabinet minister yesterday said he was “dumbfounded” and “lost for words” over claims the Bahamian Contractors Association’s (BCA) president had been forced out by political pressure.Desmond Bannister, minister of works, told Tribune Business that
Royal Caribbean targets 2/3 rise in Bahamas visitors
Royal Caribbean’s top executive yesterday said the cruise line will “bring closer” to 2m visitors to The Bahamas by 2020-2021, marking a two-thirds increase in just two to three years.Michael Bayley, Royal Caribbean International’s president and chie
