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Bahamas investor gives oil explorer $36m war chest
A Bahamas-based investor was yesterday said to have added “another brick in the wall” to a local oil explorer’s financing strategy by taking the funding available for its first well to $36m. Simon Potter, Bahamas Petroleum Company’s (BPC) chief exec
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Abaco can be 'model rebuild for Caribbean'
Abaco can become “uniquely distinct” as the Caribbean “model” for how storm-ravaged communities are rebuilt, the Chamber of Commerce’s chief executive argued yesterday. Jeffrey Beckles told Tribune Business that Hurricane Dorian’s devastation had “p
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Port: No tariff rises to aid inflation fight
Nassau’s major commercial shipping port has pledged it will not increase any tariffs despite growing fuel and energy cost pressures that threaten its profit targets for the 2022 financial year.
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$1.4m in applications seeking to utilise Hurricane Matthew exigency order
THE government has received almost $1.4 million in applications submitted by persons seeking to utilise the exigency order declared in the wake of Hurricane Matthew, Minister of National Insurance and Labour Shane Gibson said yesterday. The 180-day exigency order, declared effective from October 7, allows residents affected by the storm to import certain items into the country duty and tax-free. It only covers New Providence, Grand Bahama, the Berry Islands and North and Central Andros.
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Ex-Cabinet Minister targets South Ocean
A former Bahamian Cabinet Minister has partnered with international investors in a bid to either acquire the South Ocean Resort or its casino licence, Tribune Business can reveal.
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Contract absence exposes resort workers to VAT
Hotel workers are exposed to a Value-Added Tax (VAT) -induced cost of living increase without any prospect of a base salary rise until 2016 at the earliest, a former union presidential contender charged yesterday.
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ROAD PROJECT WAGES 50% BELOW 'NORMS'
By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste
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ROAD PROJECT WAGES 50% BELOW 'NORMS'
By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste
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ROAD PROJECT WAGES 50% BELOW 'NORMS'
By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste
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Day 1 of Track & Field Nationals in the books
Bahamian pro athletes shine
Day one of the Bahamas Association of Athletic Associations (BAAA) Senior and Junior National Track & Field Championships got off to an exciting start at the original Thomas A Robinson stadium.
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Fidelity ‘well on way’ to beat $15m profit target
A BISX-listed bank’s top executive says it is “well on its way” to exceeding its $15m full-year profit target for 2021 if first quarter “trends hold” over the remaining seven-and-a-half months.
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Tourism operators seek oil exploration 'pull back'
Water-based tourism operators yesterday voiced optimism that the threat of legal action will force the Government to "pull back" on oil exploration with some revealing it has already cost them business.
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Bahamas developers blast OECD's 'cynical' targeting
Bahamas-based developers have blasted the OECD’s “cynical” attempt to ““de-legitimise” this nation’s key investment product by suggesting it threatens the global fight against tax evasion. The newly-formed Bahamas Developers Association (BDA), in a r
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US eyes ‘open skies’ deal with Bahamas
The US is interested in sealing an “open skies” agreement with The Bahamas as many of the conditions for such a deal are already in place, a cabinet minister has revealed.
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Bowe urges patience over Baha Mar deal
BAHAMAS Chamber of Commerce and Employers Confederation Chairman Gowon Bowe yesterday called for critics anxious for details over the Baha Mar sale to be patient, as a final agreement has not been brokered.
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'Minimum' 20% rise targeted for road, real property tax
The Government believes better administration will yield a “minimum” 20 per cent increase in real property tax and Road Traffic Department revenues, with its anti-tobacco smuggling measures already causing “greater compliance”.
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VAT consultants call for 'doubtful debt allowance'
The Bahamas should include a ‘doubtful debts allowance’ in its Value-Added Tax (VAT) legislation, the two Zealand consultants suggesting that this “seems necessary” to alleviate “significant cash flow difficulties”.
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No severance for 2,026 terminated Baha Mar staffers
The 2,026 terminated Baha Mar employees will not receive due severance pay and all benefits owed to them, amid increasing uncertainty over the $3.5 billion project’s fate come November 2.
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Sears: It’s delegates that count, not PM's view
PROGRESSIVE Liberal Party leader hopeful Alfred Sears, QC, said yesterday he is not concerned about Prime Minister Perry Christie’s recent dismissal of him as a potential threat. “It’s not what the prime minister says, it’s what the delegates determine, and how they vote,” he calmly stated.
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1,500 given vaccine in first few days
MORE than 1,500 people have received their first shots of the Oxford-AstraZeneca vaccine since the country’s national vaccination programme was launched last week.
