Fiscal promises must be kept - or else
THE Government must deliver on its commitment to fiscal responsibility the Bahamas Institute of Chartered Accountants (BICA) urged yesterday, describing as a “fortunate result” Moody’s decision to maintain this nation’s Baa3 rating.Moody’s on Tuesday
RBC silent on claim scam netted $800k
ROYAL Bank of Canada (RBC) executives said yesterday they could not comment on the total dollar exposure or number of Bahamian customers affected by the recent “skimming” fraud, telling Tribune Business however the bank is “co-operating fully” with t
Months ahead "critical", warns Cooper
THE Opposition’s finance spokesman said yesterday Moody’s latest assessment should serve as a “wake-up” call to the Minnis administration, warning the next few months will be “critical”.Chester Cooper, the Exuma MP, said in a statement: “Despite the
Moody’s still has the blues
MOODY’s said yesterday strengthening in The Bahamas’ tourism sector and continued foreign direct investment projects will help sustain growth in the range of 1.5 to two percent over 2018-2019.
Ready or not - Sept 1 deadline for new gaming taxes
THE twin five percent levies on customer deposits and over-the-counter (OTC) lottery sales will take effect on September 1, Tourism Minister Dionisio D’Aguilar, pictured, confirmed yesterday while at the same time acknowledging some gaming houses wer
RBC scam shows direct downside on debit cards
A leading accountant and fraud expert yesterday urged Bahamians to be aware of the fraud risks associated with debit card usage, noting its duel benefit has been a “blessing and a curse”.Kendrick Christie, a Grant Thornton partner and certified fraud
Family Islands need planned airlift strategy
THIS nation must develop and implement a “sustainable airlift plan” for the Family Islands using Lynden Pindling International Airport (LPIA) as the hub, a tourism executive said yesterday arguing the “opportunity is ripe”.Kerry Fountain, the Bahamas
RBC customers hit in ATM scam
ROYAL Bank of Canada (RBC) yesterday confirmed some of its Bahamian Visa debit and Visa credit card holders had fallen victim to “skimming”, with some irate customers reporting “thousands of dollars” having been wiped off their accounts.
BCA chief: Grand Lucayan purchase to mark Minnis’ ‘single biggest success’
THE Bahamian Contractors Association (BCA) president yesterday backed the Government’s plan to purchase the shuttered Grand Lucayan resort, telling Tribune Business the property’s revival would create “hundreds” of local construction jobs and mark the “single biggest success” for the Minnis administration.
Property tax U-turn played to the privileged, says Davis
OPPOSITION leader Phillip Davis yesterday slammed the Minnis administration’s over its recent decision to revert to the previous definition of owner-occupied properties, arguing that this was a “stark contrast” to the treatment of Bahamians.
$12m upgrade on Windsor water plant nears completion
BISX-listed Consolidated Water is in the “final stages” of commissioning its Windsor Plant, its chief executive telling shareholders yesterday approximately $12m has been spent on the upgrades.
Land'Or workers claim they're owed 49 weeks unpaid wages
EMPLOYEES at Club Land’Or claim they are owed as much as 49 weeks pay according to Labour Director John Pinder, with the resort’s attorney acknowledging the property is having “challenges”.Mr Pinder told Tribune Business: “Some of the staff have comp
'Virtual' initiative will aid over-the-hill project
A “virtual bonded warehouse” concept is being “fine tuned” to facilitate the importation of duty free goods under the Over-the-Hill Economic Empowerment Zone initiative, the project’s lead executives have confirmed.Kemie Jones, project manager, told
'Give us licence to prove medical marijuana works'
A group advocating for the development of a marijuana industry in The Bahamas is seeking a “three to five year” research and development licence to grow and research certain medical attributes of marijuana.According to the BACARI, given current tren
Helping hands for small businesses
SMALL businesses will soon have access to a suite of “hand holding” services aimed at ensuring their viability, according to the head of the Small and Medium Business Development Centre (SBDC) who noted access to capital was not the only “major” chal
