Bahamas 'too eager to be led to slaughter'
The Bahamas is “too eagerly being led to the slaughter” over the introduction of corporate income tax, a former finance minister blasted yesterday. James Smith, also a former Central Bank governor, told Tribune Business that the Government was “kowt
Homeowners allege 'unlawful interference' from Schooner Bay
A GROUP of Schooner Bay homeowners have joined a legal action alleging the developer has “unlawfully interfered” with their rights, with the trial due in March 2018. Documents obtained by Tribune Business reveal that the group became embroiled in a
GB Power buy-out 'must be consistent' with prior approvals
THE Government was yesterday said to be on a “fact-finding mission” to determine whether approving the GB Power buy-out will be “consistent” with prior policy decisions. Carl Bethel QC, the Attorney General, revealed that the Minnis administration i
Private sector hails Gov't tender reforms
THE absence of a transparent public procurement system has increased the Bahamas’ cost of doing business, the Chamber of Commerce’s chairman said yesterday, at the launch of the Government’s e-tendering system. The system, which will also feature a
Papa John's makes Bahamas comeback
Papa John’s has unveiled a Bahamian comeback through a franchise agreement to open five stores in this nation within the next 36 months. The pizza brand, which disappeared from the Bahamas’ market several years ago, will open its first Nassau outlet
BICA chief: End 'interpretation' of our performance
THE Bahamas Institute of Charted Accountants (BICA) president yesterday said it was “critical” for the Bahamas to develop a series of benchmarks that the credit ratings agencies can use to measure its performance. Gowon Bowe, commenting on Standard
Standards watchdog eyes expanded Out Island reach
THE Bahamas’ standards watchdog yesterday said it was seeking to extend its reach beyond New Providence, while forging ahead with the roll-out of its certification services. Dr Renae Ferguson-Bufford, the Bahamas Bureau of Standards and Quality’s (B
Gov't urged: Help SMEs bid on public contracts
THE Government was yesterday urged to address the capital needs of small and medium-sized enterprises (SMEs) to help them participate in its e-tendering system, amid calls to “swiftly” bring this on stream. Mike Maura, the Bahamas Chamber of Commerc
Bahamas 'won't be playing catch up'
THE Deputy Prime Minister has pledged that the Bahamas “will no longer play catch up and risk being blacklisted” as it signed a series of tax co-operation agreements with the OECD.K P Turnquest said this nation now intended “to be the standard setter
AG probes Schooner Bay 'legal breaches'
The Attorney General yesterday revealed he has sought a legal opinion over complaints that Schooner Bay’s foreign developer is violating Bahamian real estate laws.Carl Bethel QC confirmed to Tribune Business he had asked his director of legal affairs
Ministry brands ex-Miss Bahamas' claim 'not valid'
THE Ministry of Tourism believes a former Miss Bahamas Universe-turned-songstress has “no valid case” against it for breach of copyright and a $130,000 employment contract.Dionisio D’Aguilar told Tribune Business that his Ministry’s officials were ad
Gov't 'concerned' GB Power buy-out against wealth goal
THE Government last night admitted it was “concerned” that the GB Power Company buy-out is contrary to its ambition of creating wealth and investment opportunities for Bahamians.Its position was revealed as Canadian utility giant, Emera, informed Bah
Govt's mixed message danger on labour laws
THE Government has been warned it could undermine its own efforts to spark economic growth by sending mixed messages over further labour law reforms.Michael Maura, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman, told T
No tourists makes Junkanoo Carnival a 'wealth recycler'
Bahamas Junkanoo Carnival must generate increased tourism spending otherwise it will merely amount to wealth redistribution within the local economy, a University of the Bahamas (UoB) economist argued.Rupert Pinder, addressing the Rotary Club of West
Fishers Alliance makes conch protect proposals
A BAN on conch exports could stem the Bahamas’ conch population decline, the Commercial Fishers Alliance’s (BCFA) president yesterday disputing the reported 80 per cent fall. Adrian LaRoda told Tribune Business that such a ban was one of several prop
