DPM: Business Licence fee is ‘inherently unfair’
THE Government is examining how to adjust a Business Licence fee that the Deputy Prime Minister yesterday branded “inherently unfair” to firms with high turnover and low profit margins. K Peter Turnquest, who is also minister of finance, described as “misinformation” any suggestion that the Government has committed to the European Union (EU) that it will introduce a corporate tax or income tax.
Manufacturer survival needs tariffs post-WTO
Bahamian manufacturers will struggle to survive unless the Government can maintain existing tariff protection upon joining the WTO, a well-known producer warned yesterday.Walter Wells, Caribbean Bottling’s president and chief executive, told Tribune
Tourism's battle with ex-beauty queen heats up
A FORMER Bahamian beauty queen has accused the Ministry of Tourism of failing to properly investigate her copyright violation claim, as she battles its efforts to dismiss her lawsuit.The fight over the alleged unauthorised use of Khiara Sherman’s son
Union chief slams 'travesty' of WTO meeting exclusion
THE Trades Union Congress’s (TUC) president yesterday slammed the labour movement’s non-inclusion in ongoing WTO consultations as “a travesty” and “sign of backward thinking”.Obie Ferguson, speaking as the Government kickstarted a fortnight-long seri
Gov't's 'large batch' of business ease reforms
THE Government yesterday said it plans to introduce several ‘ease of business’ improvements in the upcoming Budget, given their important link to the WTO accession. Brent Symonette, who has Cabinet responsibility for the trade and industry portfolio,
Oil explorer's licence' under consideration'
THE Government was yesterday said to giving “active consideration” to the renewal of an oil driller’s licence and the wider issue of exploration in Bahamian waters.Romauld Ferreira, minister of the environment and housing, told Tribune Business that
'Someone has to pay' $2m deportation bill
A CABINET Minister yesterday lamented the high cost of illegal Immigration, and warned that “someone has got to pay” for the near-$2 million deportation bill year-to-date.Brent Symonette, who has responsibility for Immigration, confirmed some work pe
Shell HQ relocation gives Gov't big boost
Shell’s plans to relocate its regional headquarters to the Bahamas were yesterday described by a Cabinet Minister as a sign of increased confidence in this nation’s economy and government.Desmond Bannister, minister of works, confirmed to Tribune Bus
Gov't to 'replicate' NP landfill solution across Bahamas
THE Government plans to “replicate” the New Providence landfill solution across the Bahamas, with a Cabinet Minister urging: “We must stop this ‘dumping in the bush’ culture.”Romauld Ferreira, minister of the environment, told Tribune Business that f
Credit Bureau data gather to begin 'year from today'
THE Central Bank’s governor expects the Bahamas’ first-ever Credit Bureau will begin the data collection process “a year from today”, saying: “This really will be a step up for the country.”John Rolle, speaking as the Central Bank launched the formal
Insurer's 'big relief' at no business ease reversal
A TOP insurance executive has hailed the decision not to impose additional regulatory requirements that were “in the opposite direction” to improving the ‘ease of doing business’Patrick Ward, Bahamas First’s chief executive and president, told Tribun
Miller: 'Where are LNG critics now?'
A FORMER Cabinet minister says it is “crying shame” that the Bahamas “missed the boat” on liquefied natural gas (LNG) 15 years ago, questioning: “Where are the critics now?”Leslie Miller, who strongly advocated for LNG during his tenure as minister o
Maximising Bimini's potential without losing its core appeal
Island OverviewBIMINI is seven miles of luxury resorts and hotels, native flavour, marina life, and eco-filled adventures. It is the perfect place to be if you are looking to escape the long lines of traffic in New Providence, or get away from trying
Bahamian app developer targets next month launch
A TECHNOLOGY solutions provider is preparing to launch a Bahamian-targeted home services application (app) next month, as it bids to “infuse technology” into several local industries.Steven Adderley, a Bahamian tech developer residing in Seattle, tol
PM reaffirms Gov't's private sector support
THE Prime Minister has affirmed to an international audience that the Government and private sector are of one accord in advancing the competitiveness of Bahamian business.Dr Hubert Minnis gave this confirmation at the third CEO Summit of the America
