Bahamas 'failed to read tea leaves' on corporate tax
THE Bahamas’ failure “to read the tea leaves” and introduce a corporate income tax “for ourselves” has contributed to Europe’s planned ‘blacklisting’, a financial executive argued yesterday.Paul Moss, Dominion Management Services’ president, told Tri
Customer’s 20-year ‘concrete block’ to Water Corp cut-off
THE Water & Sewerage Corporation gave $5.9 million back to consumers over 21 months, while one delinquent customer “blocked meter access” with concrete to enjoy uninterrupted supply for 20 years.
Job fairs create 900 New Providence jobs
ALMOST 900 persons on New Providence have gained jobs through the Labour Department’s ‘Labour on the Blocks’ employment fairs, its top official revealed yesterday.Robert Farquharson, director of labour, said: “The ‘Labour on the Blocks’ events have b
NIB's IT woes cause 43% productivity fall
THE National Insurance Board’s (NIB) information technology (IT) challenges have caused a 43 per cent decline in productivity, a Cabinet minister revealed yesterday.Brensil Rolle, minister of state for the public service and National Insurance, lamen
Aliv launches in Long Island
ALIV says it has been making “excellent progress” with its service roll-out, a top executive saying it has more than 100,000 subscribers to-date.Damian Blackburn, the chief Aliv officer, said: “We promised the people of the Bahamas that we would roll
Chamber to 'monitor trade mission returns'
THE Bahamas Chamber of Commerce’s chief executive yesterday said the organisation will be “monitoring the returns” from its trade mission to Washington DC last week.Edison Sumner told Tribune Business: “The trade mission went extremely well. We met w
Tourism pitches to US businesswomen
THE Ministry of Tourism has sold the Bahamas’ benefits to more than 1,200 influential businesswomen from across the US.Already a corporate sponsor of the Black Enterprise Women of Power Summit (BEWOP), the Ministry took centre stage at the final lunc
Last-ditch bid to halt EU blacklist
The Deputy Prime Minister and minister of financial services were yesterday travelling to Europe in a last-ditch bid to plead the Bahamas’ case against being ‘backlisted’.
Roberts: EY had ‘no right’ to probe political decisions
THE Water & Sewerage Corporation’s (WSC) forensic auditors have “no right to question” politically-led decision-making, a former chairman has blasted.
DPM blasts blacklist threat as 'premature'
THE Deputy Prime Minister has slammed the European Union’s (EU) threatened ‘blacklisting’ of the Bahamas as “premature”, and effectively accused it of ‘changing the rules of the game’.K P Turnquest told Tribune Business that the “timeline” given by t
Miller brands Oban project as 'a hoax'
AN outspoken former Cabinet minister has branded the $5.5 billion Oban Energies project “a hoax”, and blasted: “It will not happen.” Leslie Miller, who was minister of trade and industry from 2002-2006, told Tribune Business there was “no need” for t
Bahamas blacklisting ‘came out of left field’
EUROPE’s planned ‘blacklisting’ of the Bahamas has “come out of left field”, a former financial services minister expressing fears over the potential fall-out for correspondent banking and custodial relationships.Ryan Pinder, now a Graham, Thompson & Company attorney and partner, warned that the European Union’s (EU) branding of this nation as ‘non-cooperative’ in the fight against tax avoidance could result in foreign financial institutions viewing the Bahamas as ‘high risk’.
'Not ready to call a crawfish bust'
THE Bahamas Commercial Fishers Alliance (BCFA) president yesterday said that while he was not ready to label the 2017-2018 crawfish season a ‘bust’, it had been “rough”.Adrian LaRoda told Tribune Business that with two weeks left in the season, he wa
Strategic 'blacklist' response needed for EU 'upper cuts'
THE Bahamas must gather all stakeholders to “brainstorm and strategise” on a response to the European Union’s (EU) ‘blacklisting’ threat and “ever-changing rules of the game”.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) president
LETTER TO THE BUSINESS EDITOR: Why Wal-Mart’s big box does not fit the Bahamas
Kindly allow me space to reply to Richard Coulson’s February 25 letter to the editor, and to the public at large, with further insight on why Wal-Mart or a similar company entering the Bahamian market is not a good thing for the country.
