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.
Leslie Miller plaza lease among 'handcuff' deals
The 10-year lease of Leslie Miller’s Summerwinds Plaza is among the deals the Minnis administration is blaming for “handcuffing” its financial plans, Tribune Business can reveal. Government contacts, speaking on condition of anonymity, confirmed to t
Revenue Unit's life extended following $120-$150m score
THE Government has extended the life of its Revenue Enhancement Unit by one year, following a “very successful” 2017 first half when it collected between $120-$150 million.K P Turnquest, the Deputy Prime Minister, told Tribune Business yesterday that
Miller: EY ‘stooped so low’ over my lunch bill
THE Water & Sewerage Corporation’s (WSC) immediate past chairman yesterday blasted Ernst & Young (EY) for “stooping so low” as to challenge his $2,900 meal expenses.
Plant ‘not handled in people’s best interest’
A PROJECT vital to the Government meeting its Baha Mar obligations was “not handled in the Bahamian people’s best interests”, a former Water & Sewerage chairman admitted yesterday.
Minister plans 'LPIA type experience' for Nassau cruise port
THE Government is planning to create an “LPIA experience” at Nassau’s major cruise port, with the Minister of Tourism yesterday describing the major lines as “receptive” to the upgrade.Dionisio D’Aguilar, having recently returned from the Seatrade Cr
IAN FERGUSON: Guiding workplace leaders of the future
MENTORSHIP is not a new term in the corporate environment. For centuries we have had formal and informal mentors teaching, training and preparing the next generation of leaders. Mentorship is typically defined as the relationship in which a more expe
Transport app teams with Aliv
A BAHAMIAN transportation-based mobile app has partnered with Aliv to provide an “on-demand” taxi service.The Bahamas Ride app, which officially launches on April 12, will be available for Apple and Android devices. The service is expected to roll-ou
Water Corp: Board meddling breached global ‘best practice’
THE Water & Sewerage Corporation breached global ‘best practice’ through the former Board’s constant meddling and overturning of management decisions, a forensic audit has found.
'Bail like hell' to rescue $570m spending spree
The Bahamas was yesterday urged to “bail like hell to rescue the ship” after it was revealed that the Christie government’s $570 million spending spree dwarfed the VAT-led revenue rise.K P Turnquest, the Deputy Prime Minister, told Parliament there w
Government 'handcuffed' by unused leases
THE Deputy Prime Minister yesterday accused the former administration of “handcuffing” the Government by entering into multi-million dollar leases for property that has never been used.K P Turnquest cited two cases where the Government owed between $
BOB faces forensic audit with Gov't 'open to a sale'
THE Government is planning a forensic audit into Bank of the Bahamas’ lending practices, the Deputy Prime Minister yesterday saying the Government is “open” to selling the troubled lender.K P Turnquest, kicking-off the mid-year Budget debate, told th
DPM targets $75m savings from debt burden's slash
THE Government will realise $75 million in annual interest savings if it returns the debt-to-GDP ratio back to 30 per cent, removing “the albatross around the neck” of the Bahamian society. K P Turnquest told the House of Assembly that such a ratio s
Year's delay fear on Fiscal Responsibility
A governance reformer yesterday expressed concern that Fiscal Responsibility legislation may only take effect in 2019, and warned it was “no silver bullet.” Matt Aubry, the Organisation for Responsible Governance’s (ORG) executive director, told Trib
Gov't to reserve public tenders for small businesses
THE Minnis administration’s public procurement reforms will “set aside” specific contracts for only small Bahamian businesses to bid on, the Deputy Prime Minister said yesterday.Opening debate on the 2017-2018 mid-year Budget statement, K P Turnquest
