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Revisions to $1.8 billion I-group project a 'win-win'

Revisions to $1.8 billion I-group project a 'win-win' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net REVISIONS to the $1.8 billion Mayaguana-based I-Group project provide a "win-win" for all Minister of Tourism and Aviation Vi

Activist slams Shell LNG deal as ‘regressive step’

A WELL-known environmentalist yesterday said the adoption of liquefied natural gas (LNG) as the Bahamas’ main power source is a “huge regressive step”, questioning why the Government was not aggressively pursuing solar energy.

RENEWABLE ENERGY FIRM UNVEILS BAHAMAS HEAD

OCEAN Thermal Energy (OTE) has appointed of Susan Larson as senior vice-president and executive director to head up its Bahamas operations. OTE Corporation is building the world's largest seawater district cooling system (SDC) for the $3.4 billion Baha Ma

Businesses monitor air cargo fall-out

Bahamian businesses are continuing to monitor the fall-out from new and increased Customs fines on the air cargo industry, which has prompted some carriers to threaten to withdraw from this market.

Gov't 'claws back' on Mayguana incentives

Gov't 'claws back' on Mayguana incentives By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Government has not only recovered more than 50 per cent of Mayaguana real estate initially made available to the Boston-based I-Group

Fishermen: Gov't late on storm relief

Bahamian fishermen are hoping the Government will give further thought to their cry for fuel concessions, one representative telling this newspaper: “That would go a long way to helping the industry”.

Water Corp's threat to roads contractor

Water Corp's threat to roads contractor By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Water and Sewerage Corporation (WSC) had threatened to remove Jose Cartellones Construcciones Civiles Company (JCCC), the main contracto

‘Bleak’ Xmas start for many retailers

Bahamian retailers yesterday described early Christmas season sales as “slow” and “bleak”, but expressed optimism they will see a major pick-up over the next week.    

DPM: Business Licence fee is ‘inherently unfair’

THE Government is examining how to adjust a Business Licence fee that the Deputy Prime Minister yesterday branded “inherently unfair” to firms with high turnover and low profit margins. K Peter Turnquest, who is also minister of finance, described as “misinformation” any suggestion that the Government has committed to the European Union (EU) that it will introduce a corporate tax or income tax. 

Relays give Atlantis 4,700 nights boost

The IAAF World Relays generated 4,700 occupied room nights for Atlantis, a Cabinet Minister said yesterday, with the event attracting more than 1,400 visitors to the Bahamas.

Ex-Senator renews call for Bahamian industry ownership

Bahamians must have ownership of key economic sectors "from the top straight through the supply chain", a former FNM Senator is arguing, adding that this would protect the "haemorrhaging" foreign currency reserves.

BISX seeks embrace with crowdfunding

The Bahamas International Securities Exchange (BISX) is seeking to marry its Small Alternative Market (SAM) and regulated environment with the new crowdfunding phenomenon, its chief executive said yesterday.

Just 30% of workers covered by pensions

Just 30 per cent of the Bahamian workforce is covered by employer-sponsored pension plans, the Central Bank’s governor said yesterday, acknowledging that the relative lack of diversified investment opportunities in the Bahamas presented challenges.

Govt continuing ‘targeted’ Customs Duty reductions

The Government is proceeding with its “targeted” reduction in Customs duties to accompany Value-Added Tax (VAT), a Cabinet minister has revealed, with more cuts to be triggered by enhanced revenue administration.

FIDELITY BANK COMPLETES THE LISTING PROCESS FOR SHARES

THE Bahamas International Stock Exchange (BISX) announced yesterday that Fidelity Bank (Bahamas) Limited had successfully completed the listing process for its Series A preference shares. In a statement by BISX yesterday it was stated that the shares are

FIDELITY BANK COMPLETES THE LISTING PROCESS FOR SHARES

THE Bahamas International Stock Exchange (BISX) announced yesterday that Fidelity Bank (Bahamas) Limited had successfully completed the listing process for its Series A preference shares. In a statement by BISX yesterday it was stated that the shares are

Union leader calls for Productivity Council

A leading trade unionist has called for the creation of a tripartite National Productivity Council, arguing that the Bahamian education was “designed for students to fail”.

BAHAMAS' 'REVERSE MEDICAL TOURISM'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIANS pump millions of dollars each year into the South Florida's medical tourism sector, a leading doctor telling Tribune Business yesterday that this nation provides the large

BAHAMAS' 'REVERSE MEDICAL TOURISM'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIANS pump millions of dollars each year into the South Florida's medical tourism sector, a leading doctor telling Tribune Business yesterday that this nation provides the large

Retailers target 'exciting' Xmas

Retailers target 'exciting' Xmas By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIAN retailers told Tribune Business yesterday that they expect an 'exciting Christmas', with customer traffic expected to increase substantial