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BPC undertaking further studies to prepare to spud

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A BAHAMAS-BASED oil exploration company has spent almost $50 million on its oil exploration efforts here in the Bahamas thus far, its chief operating officer noting that while a rev

BPC undertaking further studies to prepare to spud

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A BAHAMAS-BASED oil exploration company has spent almost $50 million on its oil exploration efforts here in the Bahamas thus far, its chief operating officer noting that while a rev

SCRAP METAL REGULATIONS PUBLICATION TO COME SOON

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net AMENDMENTS to the Customs Management Bill which are expected to provide for oversight of the scrap metal industry, are expected to be gazetted soon, the Minister the Environment tol

PM: ‘No time to rest on laurels’ over EU

THE Prime Minister yesterday said the Bahamas has “no time to rest on our laurels”, given the European Union’s (EU) concerns over the absence of corporate income taxation. Dr Hubert Minnis told the House of Assembly that the EU’s Code of Conduct group had written to the Government expressing concerns that this nation’s tax system did not comply with its ‘blacklisting’ criteria.

75 JOBS FROM DOCTORS' $1M WESTERN MOVE

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net DOCTORS Hospital plans to invest in excess of $1 million to re-open its Western Medical Plaza facility, its president telling Tribune Business yesterday that the move could ultimate

Mortgage Corp still stuck at 40% arrears

The Bahamas Mortgage Corporation’s (BMC) arrears ratio continues to hover around 40 per cent, its chairman said yesterday, despite it adding $49.7 million in new mortgages to its portfolio over the past four years.

KFC's union cancellation historic first

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The minister of labour yesterday said Kentucky Fried Chicken's (Nassau) move to cancel its 'voluntary recognition' of a trade union's 'bargaining agent' status marked the first time

QC tells the web shops: Form own credit union

A prominent QC has called on web shop gaming operators to establish their own credit union, as blasted the Canadian-owned banks’ refusal to accept the sector’s deposits as making “no sense whatsoever”.

Long Island is ‘like nation’s step child’

Long Island feels “like the step child of the Bahamas”, its Chamber of Commerce president yesterday warning an absence of growth and infrastructure is forcing businesses to close down.

BEWARE OF 'SWEET MOUTH' POLITICS

By Larry Gibson I CAN recall as a child growing up, we would refer to someone who had a propensity for telling long tales as being 'sweet mouth'. After hearing your sweet mouth friend tell one of his or her embellished tales, the others would look at eac

BEWARE OF 'SWEET MOUTH' POLITICS

By Larry Gibson I CAN recall as a child growing up, we would refer to someone who had a propensity for telling long tales as being 'sweet mouth'. After hearing your sweet mouth friend tell one of his or her embellished tales, the others would look at eac

BEWARE OF 'SWEET MOUTH' POLITICS

By Larry Gibson I CAN recall as a child growing up, we would refer to someone who had a propensity for telling long tales as being 'sweet mouth'. After hearing your sweet mouth friend tell one of his or her embellished tales, the others would look at eac

'LOT OF ABUSE' IN WELFARE SYSTEM

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamas' social security system has been subjected to "a lot of abuse", the minister responsible has admitted, acknowledging that welfare assistance was not always being given t

'Internal brain drain'costs Bahamas $3.5bn

The Bahamas is losing nearly $3.5 billion to the “internal brain drain” caused by low worker productivity, a well-known eye doctor yesterday arguing this was having a greater economic impact than the loss of 61 per cent of tertiary-educated Bahamians to jobs abroad.