Local Business

Subscribe

Eleuthera residents still left short as water outages go on

Residents and businesses in Eleuthera are still experiencing water outages as they have for the past weeks, with one business telling Tribune Business they are “lucky” at their store due to its location.

Law reprint to end VAT ‘nightmare’

The Attorney General yesterday pledged to end the VAT Act “nightmare” by consolidating all the past decade’s changes into a single law that will be reprinted this year.

Tease photo

Artist: IP bills will help - but they must be timely

ACTIVIST and recording artist Terneille “TaDa” Burrows said the government’s passing of a compendium of Intellectual Property legislation, including a fully digital Intellectual Property Office, will be “beneficial” to Bahamian artists when it is operational.

Tease photo

Land reform proposals go out to consultation

Attorney General Ryan Pinder said the Land Adjudication Bill and Land Registration Bill should be tabled in Parliament this fall with the new land registry to be established in 2025.

Bahamas to benefit from climate finance initiative

The Bahamas is among the Caribbean nations set to benefit from an initiative designed to accelerate private sector investment in climate change mitigation and adaptation projects.

Bahamasair delays Montego Bay flights

Bahamasair yesterday said it has postponed scheduled flights from Nassau into Montego Bay, Jamaica, which were due to operate from July 25 to September 8, 2024.

IT meltdown won’t halt digital payments drive

The Bahamas’ digital payments drive will not be stalled by Friday’s global IT outage, a prominent banker argued yesterday, as the benefits “far outstrip” the impacts from this event.

Top pilot body warns PM on ‘egregious’ fee hikes

The world’s largest private pilot body has warned the Prime Minister “there is no question The Bahamas will lose its competitive advantage” unless it tackles “egregious fees” and other obstacles to general aviation.

‘Unfriendly’ society found illegally selling insurance

Insurance regulators found an entity registered under the Friendly Societies Act was breaching multiple laws by selling insurance products to persons who were non-members.

IT meltdown ‘wake up call’ for local business

Bahamian businesses and information technology (IT) providers yesterday branded Friday’s global meltdown “a wake-up call” in exposing this nation’s vulnerability to events over which it has no control.

Tease photo

New $10m PI restaurant’s construction 75% complete

A Chicago-based restaurant’s $10m Paradise Island expansion is targeting a September 2024 completion with construction work now about 75 percent complete.

Tease photo

Airport, banks and stores are hit by global internet outage

A global technology shortage affected services at Lynden Pindling International Airport on Friday.

Tease photo

Cooper: Talk over $35m water park ‘premature’

DISCUSSIONS around the Nassau Cruise Port’s plans to develop a $35m water park are “premature”, according to Acting Prime Minister Chester Cooper.

Tease photo

ACTIVTRADES: Off to a rough start

The final trading day of last week started with a huge information (IT) problem that began in Australia and spread worldwide. The disruption affected Windows PCs in several industries, and appears related to the security software supplied by CrowdStrike. The company’s share price fell by around 12 percent as a result.

Port meets with GB Power over electricity outage woe

The Grand Bahama Port Authority (GBPA) yesterday said it has met with the Grand Bahama Power Company (GBPC) to address the frequent power outages impacting the island’s residents and businesses.