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Miller denies running own BEC bid process

Leslie Miller has denied running his own bidding process for the Bahamas Electricity Corporation (BEC), even though one energy group says he encouraged them to submit a proposal after they were kicked out of the official tender.

'SERIOUS' CUSTOMS WOES UNDERMINING FDI, TRADE

By NEIL HARTNELL Tribune Business Editor The Customs Department's "serious institutional and operational limitations", particularly an information management system more than 20 years-old, are undermining the Bahamas' trade competitiveness and ability "t

'SERIOUS' CUSTOMS WOES UNDERMINING FDI, TRADE

By NEIL HARTNELL Tribune Business Editor The Customs Department's "serious institutional and operational limitations", particularly an information management system more than 20 years-old, are undermining the Bahamas' trade competitiveness and ability "t

QC slams ‘free lunch’ for Port and Hutchison

A well-known QC has slammed the Government’s Freeport incentive legislation for “giving a free lunch” to those who can most afford it - Hutchison Whampoa and the Grand Bahama Port Authority’s (GBPA) two family shareholders.

Insurance recovery may wait until 2017

The Bahamian insurance industry may have to wait until mid-2017 to return to strong growth, with one leading underwriter saying its main goal is to “hold the fort”.

Public liens make IBCs 'a bit unique'

By NEIL HARTNELL Tribune Business Editor The ability to file liens in the public registry against the shares and assets of International Business Companies (IBCs) makes these vehicles "a little bit unique and creates an advantage" for the Bahamas, a seni

Public liens make IBCs 'a bit unique'

By NEIL HARTNELL Tribune Business Editor The ability to file liens in the public registry against the shares and assets of International Business Companies (IBCs) makes these vehicles "a little bit unique and creates an advantage" for the Bahamas, a seni

Public liens make IBCs 'a bit unique'

By NEIL HARTNELL Tribune Business Editor The ability to file liens in the public registry against the shares and assets of International Business Companies (IBCs) makes these vehicles "a little bit unique and creates an advantage" for the Bahamas, a seni

Bahamasair facing $1m hangar upgrade

Bahamasair facing $1m hangar upgrade By NEIL HARTNELL Tribune Business Editor Bahamasair's 2012-2013 government subsidy requirement has not yet been determined due to a number of unknowns, including a likely $1 million spend to upgrade its main 50 year-

Bahamasair facing $1m hangar upgrade

Bahamasair facing $1m hangar upgrade By NEIL HARTNELL Tribune Business Editor Bahamasair's 2012-2013 government subsidy requirement has not yet been determined due to a number of unknowns, including a likely $1 million spend to upgrade its main 50 year-

Bahamasair facing $1m hangar upgrade

Bahamasair facing $1m hangar upgrade By NEIL HARTNELL Tribune Business Editor Bahamasair's 2012-2013 government subsidy requirement has not yet been determined due to a number of unknowns, including a likely $1 million spend to upgrade its main 50 year-

BANK IS FACING 50,000 ACCOUNT PROBE ON FATCA

By NEIL HARTNELL Tribune Business Editor Commonwealth Bank yesterday said it was facing the prospect of 'drilling down' into an estimated 50,000 client accounts to determine if there was any US beneficial ownership connection, while telling Tribune Busin

Payroll tax unable to cover NHI

A 3 per cent payroll tax will not be sufficient to cover the proposed National Health Insurance (NHI) scheme’s total costs, the private sector yesterday warning that sticking to a January 2016 implementation will create a “challenging sprint to the finish”.

Gov’t renews oil explorer’s four licences

A Bahamas-based oil explorer last night said it had obtained “hugely significant clarity” from the Government renewing its key licences for a further three years, removing a potential obstacle to finding a joint venture partner and drilling its first exploratory well.

'WHAT'S CHANGED' ON BAHAMASAIR GB AIRLIFT PLANS?

By NEIL HARTNELL Tribune Business Editor The head of a Bahamian privately-owned airline has expressed scepticism over plans to solve Grand Bahama's tourism woes via Bahamasair servicing five US markets, asking Tribune Business: "What's changed?" Acknowle

'WHAT'S CHANGED' ON BAHAMASAIR GB AIRLIFT PLANS?

By NEIL HARTNELL Tribune Business Editor The head of a Bahamian privately-owned airline has expressed scepticism over plans to solve Grand Bahama's tourism woes via Bahamasair servicing five US markets, asking Tribune Business: "What's changed?" Acknowle

'WHAT'S CHANGED' ON BAHAMASAIR GB AIRLIFT PLANS?

By NEIL HARTNELL Tribune Business Editor The head of a Bahamian privately-owned airline has expressed scepticism over plans to solve Grand Bahama's tourism woes via Bahamasair servicing five US markets, asking Tribune Business: "What's changed?" Acknowle

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Bran: 'Very dodgy' to interfere with business pricing

The Government will be "in very dodgy territory" should it seek to interfere with how Bahamian businesses price their goods and services, the DNA leader has warned.

‘I want Schooner Bay progress’, says ex-PM

An ex-prime minister yesterday asserted he wants to see “progress and development” at an Abaco community once held up as sustainable development model following its baffling break with a former management partner.

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Superwash chief: VAT bites 12-14% off key products

A leading businessman says the Bahamian economy is stuck "in a funk" as Value-Added Tax's (VAT) full impact starts to bite, with sales in two of his key product categories down 12-14 per cent. Dionisio D'Aguilar, Superwash's president, told Tribune Business that the Bahamas desperately needed to change its attitude towards "rebooting the economy" and making it easier to conduct business.