Insurers: VAT treatment clarity 'extremely critical'
Insurers are warning the Government it is “extremely critical” it clarify the VAT treatment of property and casualty products with another hurricane season less than a month away.Industry executives told Tribune Business it was “urgent” that they “ge
Fly fish chief slams ‘doom and gloom’
The Bahamas Fly Fishing Industry Association’s (BFFIA) president yesterday fired back at opponents of the industry’s regulations, suggesting they were pushing a “doom and gloom” narrative to pressure the Government to back down.
Deficits 'thing of the past' if oil explorer succeeds
Oil exploration success would make The Bahamas’ fiscal deficits “a thing of the past”, a former Cabinet minister is arguing, with the benefits felt before a single barrel is pumped.James Smith, pictured, a Bahamas Petroleum Company (BPC) director, to
Bahamian firms warned over EU data regulations
A Bahamian information manager has warned that local firms could be exposed to hefty financial penalties if they fail to comply with impending European data protection rules.Chris Sawyer, pictured, Sunryse Information Management’s president, warned t
App exposes Bahamas to global travel audience
An app showcasing The Bahamas and its attractions to the world has hit the market.Aye! Bahamas Travel Guide has unveiled its smartphone application – a palm-size, digital brochure designed to make tourists and potential visitors aware of where to sta
Airline adds five flights for Xmas
American Airlines has added five new flights with 453 total seats to its Bahamas routes, increasing the number of non-stop and connecting flights from three major US cities.Beginning in December 2018, the new flights will offer more options and impro
Sebas: 'I smell a rat' - Threatens legal action over $50m project stall
Sebas Bastian’s property development arm is threatening to sue the Ministry of Works over “discriminatory and biased treatment” of its $50m corporate office project.The Island Luck chief’s Veridian Development Group on Wednesday issued the Ministry,
'Huge step' for oil exploration 'game changer'
An oil exploration “game changer” for the Bahamas took “a huge step forward” yesterday with the signing of a three-month exclusivity deal on a drilling joint venture.Simon Potter, the Bahamas Petroleum Company’s (BPC) chief executive, told Tribune Bu
Island Luck chief: It's 'stifling growth'
Sebas Bastian yesterday said he “smells a big fat rat” over the enforced eight-month halt to his $50m project, with the delay highlighting how Bahamian economic growth “is stifled”.The Island Luck chief told Tribune Business it was “little wonder inv
Gov'ts Pointe findings branded as 'hogwash'
The Bahamian Contractors Association’s (BCA) chief yesterday blasted as “hogwash” the Government’s finding that The Pointe is not in breach of its Heads of Agreement on labour ratios.Leonard Sands, the BCA’s president, rejected “outright” both China
New Gov't Securities Depository by year-end
The Central Bank expects to have a new Central Securities Depository (CSD) ready by the 2018 fourth quarter as part of an overhaul of the Government’s debt management practices.The regulator’s 2017 annual report said a review conducted by the Commonw
Carnival bands president supports 'hands off' Gov't
Carnival band owners have seen “pretty good” sales ahead of this year’s festival, Association (BCBOA) president Dario Tirelli said yesterday, describing the Government’s non-involvement as a “positive change”.Mr Tirelli, head of the Bahamas Carnival
Super Value chief: 'We're not in bad egg business'
Super Value’s owner yesterday moved to ease consumer concerns following a voluntary recall of eggs produced by US-based Rose Acre Farms, saying: “We’re not in the bad egg business.”Rupert Roberts, pictured, told Tribune Business: “We get the same bra
Business owners must not forget personal 'finish line'
Most persons aspire to one day own and operate their own business. As one looks at the profile of successful business owners, they tend to be smart, hard-working, tenacious and highly-focused individuals who, despite all odds, overcome the many chall
Banks Association meets with BOB
Executives of the Caribbean Association of Banks (CAB) recently called on Bank of The Bahamas to discuss plans for its upcoming conference in the Bahamas later this year.Mary Popo, the Association’s general manager, and directors met with Vanessa Tay
