Bahamas leads Caribbean on broadband Internet costs
CABLE Bahamas is arguing that this nation has the lowest monthly fixed broadband Internet charges in the Caribbean, coming in at just 0.7 per cent of average household income.The BISX-listed communications provider cited this and other data to suppor
Conference focuses on repositioning Bahamas
THE Bahamas Financial Services Board (BFSB) combined its annual Summit with the regular Bahamas Briefing that sells international intermediaries on this nation’s benefits as an international financial centre (IFC).More than 170 persons attended this
Construction regulation moves one step closer
THE Bahamian construction industry is moving closer to having regulatory oversight, after the Bahamian Contractors Association (BCA) resubmitted its nominees for the Contractors Board.That Board will oversee enforcement of the Construction Contractor
Eleuthera 'improvises' with dock as Glass Window shut
ELEUTHERA residents have “had to improvise” to facilitate movement between the island’s north and south after the “vital commercial link” of the Glass Window Bridge was closed by high swells.Ivan Ferguson, the Family Island administrator for North El
Film industry generates $5m boost for Bahamas
THE Bahamas generated $5 million in revenue from the 247 film and TV-related projects attracted to this nation last year, the Ministry of Tourism revealed yesterday.Its Bahamas Film and Television Commission said these projects included The Bahamas L
Private sector needs year for WTO 'acclimatisation'
Bahamian companies must have a year to “acclimatize” before this nation joins the WTO, a prominent businessman yesterday warning the economy will otherwise “slow” pre-accession.Robert Myers, a principal with the Organisation for Responsible Governanc
Gov't changing law for Oban
THE Government has committed to changing the Bahamas’ tax incentive laws solely to “accommodate” Oban Energies’ $5.5 billion oil refinery and storage terminal.A little-noticed section in the February 19, 2018, Heads of Agreement (HOA) for the now-con
Insurers: 'We've not relaxed our guard' on KYC changes
BAHAMIAN general insurers yesterday revealed “we’ve not relaxed our guard” despite being relieved of increased customer due diligence obligations.Timothy Ingraham, Summit Insurance Company’s president, told Tribune Business that the industry’s memori
'Breadbasket' reform to Cabinet in 3-4 weeks
A CABINET paper on the proposed ‘breadbasket list’ reforms could be ready within three to four weeks, as part of long-term moves to prevent a healthcare budget “explosion”.Dr Duane Sands, minister of health, told Tribune Business that his ministry ha
Downtown Nassau hit by cruise loss
FIVE cruise ships had to be re-routed yesterday after the Port Department was forced to “shut down” Nassau harbour as a precautionary measure amid heavy swells.Captain Cyril Roker, the Port Controller, told Tribune Business that large waves had pushe
BTC voluntary departure package 'is nothing new'
A TRADE union leader yesterday denied that the Bahamas Telecommunications Company’s (BTC) latest voluntary separation (VSEP) offer was driven by increased competition, adding: “This is nothing new”.Bernard Evans, the Bahamas Communications and Public
BFSB chair: We must shed 'offshore' label
THE Bahamas’ financial services industry must shake the ‘offshore’ label, the Bahamas Financial Services Board’s (BFSB) chairman has urged.Antoinette Russell, while addressing the International Business and Finance Summit (IBFS), said: “As we hit the
Broadcast truck deal an asset for Bahamas
A BAHAMIAN production house has sealed an agreement giving them preferred access to a multi-million-dollar 4K Outside Broadcast (OB) Truck to record major events.The MoVi Group, the sound, lighting and stage, and film production house, revealed the s
'Case not made' for joining WTO
The Government “has not yet made the case” for joining the WTO, a senior Chamber executive arguing that the Bahamas had “squandered” a 16-year period to ready itself for this day.Darron Pickstock, who heads the Chamber of Commerce’s trade and investm
Healthcare budget $100m short as key contracts cut 50 per cent
THE Government’s annual healthcare Budget is around $100 million short of the system’s needs, despite some controversial contracts being cut by 50 per cent.Dr Duane Sands, minister of health, told Tribune Business that even allowing for an “aggressiv
