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.
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
