Corporate tax promise not 'concrete' for EU
THE Bahamas will be unable to satisfy the European Union’s (EU) demands by merely promising to implement corporate taxation, a prominent attorney has warned.Michael Paton, who co-heads the financial services industry working group assessing the Gover
Bahamas reliance on tourism accelerating
THE Bahamas will become ever-more reliant on tourism to the point where it generates almost 60 per cent of GDP within a decade, a global industry body has forecast.The World Travel and Tourism Council (WTTC), in its annual assessment of the sector’s
'Right pieces not easy' for the Grand Lucayan
A GOVERNMENT minister has admitted that “putting the right pieces together is not easy” as it bids to transform the Grand Lucayan and surrounding strip into a true tourist destination.Kwasi Thompson, minister of state for Grand Bahama, conceded that
British-Caribbean Chamber meets GBPA executives
Representatives of the British-Caribbean Chamber of Commerce (BCCC) have paid a visit to Grand Bahama Port Authority (GBPA) executives.The BCCC, which was inaugurated in 2001, has its head office in the UK and chapters in the Caribbean. It connects C
Construction firms 'cement' a merger
Two Bahamian construction companies have ‘cemented’ a partnership that has seen them merge as Bahamas Redi-Mix, with a plant at New Providence’s Airport Industrial Park.The combination of Nassau Ready Mixed and NP Building Supplies, one-time competit
Chamber to represent at Summit of Americas
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) will this week represent the country at the CEO Summit of the Americas in Lima, Peru.The third CEO Summit, set for April 12-13, will take place alongside the larger VIII Summit of th
French tourism boost via Bahamasair deal
An agreement between Bahamasair and French airline, Air Caraïbes, is expected to provide the French travel market with greater access to this destination, an airline executive noting: “The demand is there.”Air Caraïbes, which is the regional airline
Landfill bid evaluation set to begin this week
THE Government will start evaluating all bids for the New Providence landfill management contract this week, with winner expected to be announced in early June.Anthony Newbold, the Prime Minister’s press secretary, said during a briefing yesterday: “
Euro blacklisting to end this week?
The Bahamas could be removed from the European Union’s (EU) ‘blacklist’ as early as this Thursday, with the Government hoping to at least get “an indication” of delisting progress.
URCA calls in police to shut Sports Radio
The broadcaster at the centre of Sebas Bastian’s radio licence controversy yesterday pledged to “attack” its police-enforced shut down, arguing: “The injustice needs to stop.”
Private sector urged to seize WTO consultation
THE private sector was yesterday urged to make its voice heard in two weeks’ of upcoming WTO meetings, amid warnings that non-collaboration has “always proven to be a disaster”.Darron Pickstock, who heads the Chamber of Commerce’s trade and investmen
Contractors chief brands Pointe labour 'ridiculous'
The Bahamian Contractors Association’s (BCA) president yesterday branded local participation at the $200 million Pointe project as “ridiculous”, and demanded proof the developer was abiding by its Heads of Agreement. Leonard Sands also told Tribune
CCA attorneys slam Sarkis's 'bailout salvo'
Attorneys for Baha Mar’s main contractor have accused Sarkis Izmirlian of trying to besmirch its reputation by claiming it received “a bailout” to complete the $4.2 billion project.China Construction America’s (CCA) attorneys, in March 22 legal argum
Canadian bank's work permit bid rejected
THE Director of Labour yesterday said work permit applications from a Canadian-owned commercial bank had been rejected as it “aggressively” ensures foreigners do not fill posts where there are qualified Bahamians available.Robert Farquharson said 8,5
Major trading company eyes the Bahamas for HQ
THE Attorney General yesterday touted the success of the recently-passed Commercial Enterprises Bill, with several applications for “high-tech” projects approved already.Carl Bethel QC, addressing the mid-year Budget debate in the Senate, said: “I am
