Major reforms needed for GB ‘tech hub’ plan
The Government faces a massive task to make Grand Bahama a technology hub, a confidential report has revealed, despite hopes of attracting “hundreds of companies in months”.
Fears IBC ‘beauty’ lost over blacklist response
THE Deputy Prime Minister yesterday warned that “all” International Business Companies may have to submit annual accounts if the Bahamas is to escape Europe’s “blacklist”.
‘Amazing’ if Bahamas gets 50% chicken self-sufficient
AN Abaco poultry producer yesterday said it would be “amazing” if the Bahamas could produce even half the poultry it consumes “within two years”.
Financial industry’s ‘check’ on exceeding EU demands
THE Bahamian financial services industry will serve as a ‘watchdog’ to ensure this nation does “not go beyond what’s required” to escape Europe’s ‘blacklist’, a senior executive said yesterday.
Flats fishing advocates urge Oban’s relocation
BAHAMIAN flats/bonefishing advocates yesterday called for the $5.5 billion Oban Energies project to be relocated, warning: “We don’t want to find out” the impacts if it goes wrong.
Web shops to go $3m above civic obligation
THE web shop industry yesterday said its 2018 civic and charitable contributions will exceed legal requirements by $3 million.
BPL inks with Credit Suisse for $100m
BAHAMAS Power & Light (BPL) has executed an engagement letter with Credit Suisse for the provision of up to $100 million in interim financing, the Minister of Works said yesterday.
‘No time for complacency’ over EU blacklist escape
A Cabinet Minister yesterday warned that “‘this is not a time for complacency” in efforts to ensure the Bahamas escapes the European Union’s (EU) ‘blacklist’.
Commercial Enterprises Act: Three are approved
THREE applications have been approved thus far under the Commercial Enterprises Bill, a Cabinet Minister said yesterday.
‘Why so jittery on income tax’?
Bahamian businesses need “a friend in government” if they are to successfully compete post-WTO accession, with one entrepreneur arguing: “What does it matter if we have income tax?”
QC: ‘Very difficult’ to combat EU if no corporate tax
A WELL-known QC has warned “it’s going to be very difficult to meet” the European Union (EU) and OECD’s demands unless the Bahamas implements a corporate income tax.
Minister’s ‘close eye’ on cruise line islands
THE Minister of Tourism has pledged to “keep a very close eye” on the cruise lines to prevent their multi-million dollar private island investments sucking economic benefits away from Nassau.
Tourism pledges ‘proactive reply’ to new US crime alert
THE Minister of Tourism has ordered his officials “to become a lot more proactive” in addressing US safety concerns, after the Bahamas was subjected to another ‘crime alert’.
Water Corp owed supplier $9m bill
THE Water & Sewerage Corporation owed $9 million to its BISX-listed water supplier at year-end 2017, after reducing volumes purchased from it by 13.2 per cent.
ISLAND INSIGHTS: Time to make Grand Bahama great again
BACK in the late 1980s, Freeport was once known as the ‘magic city’.
