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New auto sales plunge 90% at COVID’s peak
New car sales plunged more than 90 percent during the COVID-19 lockdown’s peak, data seen by Tribune Business has revealed, with many dealerships “not selling a single vehicle” for April.
Hurricane repairs by NEMA to begin today
NATIONAL Emergency Management Agency Director Captain Stephen Russell yesterday said the agency is all set to begin its repair and construction phase for the six islands devastated by Hurricane Joaquin today.
Stingers finish with 2-2 record at the Daytona Beach Sunshine Classic
THE Sunland Baptist Academy Stingers spent the holiday season participating in the 26th Annual Daytona Beach Sunshine Classic and are now ready to make a run at successfully defending their senior boys basketball title in Grand Bahama.
Bahamian firms urged to exploit US funding
SMALL business loans represented 87 per cent of the US Export-Import Bank's $33 billion credit portfolio last year, a senior US embassy official said yesterday, urging Bahamian companies to take advantage of its programmes to access additional capital for their enterprises.
BTC to complete Abaco cell overhaul in mid-May
THE Bahamas Telecommunications Company (BTC) is set to complete its wireless system overhaul on Abaco and the northern Bahamas by mid-May, giving customers improved cellular service, including faster speeds for downloads and browsing on smart phones.
Business brings new weapon to the COVID fight
TWO Bahamian businessmen have joined forces to bring a new weapon to The Bahamas in the fight against the spread of COVID-19.
Carnival: Ships to return after assessment
AS Grand Bahama recovers from the devastation of Hurricane Dorian, a top Carnival Corporation executive has assured residents that the company’s ships would return to Freeport as soon as they complete an assessment on the island.
Families identify 21 Abaco dead
On the day that another Haitian body washed up on shore - a female - the League of Haitian Pastors reported that they have been in contact with family members for at least 21 of the now 31 migrants who died when their sloop shipwrecked near Abaco cays over the weekend.
HURRICANE SEASON: South New Providence may not be prepared for extensive flooding
THE entire southern corridor of New Providence, including Pinewood Gardens, may not be able to handle extensive flooding this hurricane season if rainfall exceeds the holding capacity of the drainage system.
Webshop starts training staff in anti-money laundering methods
A local webshop chain has taken the next step in preparing for the industry’s regulation by training all of its employees in anti-money laundering and compliance.
Road tax breaks 'too little, too late'
Road tax breaks 'too little, too late' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Many businesses adversely impacted by the New Providence Infrastructure Improvement Project (NPIIP) yesterday said the Government's pledge to
Renewable adoption hit by 'out of sync' approvals
A renewable energy provider yesterday said an eight month to four-year approvals process featuring “out of sync” government agencies is the greatest obstacle to the technology’s adoption. Philip Holdom, president of Alternative Power Supply (APS), s
VAT needs 'cashless' society to succeed
A Value-Added Tax (VAT) will not succeed without the banks driving Bahamians to a ‘cashless’ society, a leading businessman warned yesterday, adding that reforms would be “a disaster” unless accompanied by “ruthless” enforcement.
‘Right church, wrong pew’ over second GB marina
A Grand Bahama investor yesterday said he has yet to receive a satisfactory offer for his second marina asset, revealing: “They’re in the right church, but sat in the wrong pew.”
Gov't yet to disprove alternative tax forms
THE Government has not provided any “empirical analysis” to-date that would dismiss alternative forms of taxation being proposed by the private sector, a Tax Coalition co-chair adding that Value-Added Tax (VAT) “should not be sold as a perfect system”.
PLP 'should be the last to speak' on fiscal propriety
THE Deputy Prime Minister last night said the Opposition “should be the last to open their mouths on fiscal propriety” as he hit back at criticisms of the Government’s borrowing.K P Turnquest, pointing to the “massive ramp-up” in the national debt un
Communications sector rebounds through 3.7% growth in turnover
The Bahamian communications industry saw its total turnover increase 3.7 per cent year-over-year to hit $444 million in 2011, regulators have estimated, despite cellular phone subscribers falling by 90,000 since 2009.
FIBA: Team Bahamas tops Dominican Republic 83-82
TEAM Bahamas, reduced to just nine players, delivered their best performance and the team’s only win of the FIBA 2019 World Cup Qualifiers.
DPM fears ‘more fiscal pressure’ in web shop battle
THE web shop industry’s legal challenges to the Budget tax increases will “put more pressure” on the Government’s 2018-2019 fiscal forecasts and could force some “cut backs,” the Deputy Prime Minister has admitted.
Munnings makes his debut in Portugal, Fritz signs on with new club in Spain
TRAVIS Munnings made his debut with a new club in Portugal while Shaquillo Fritz signed on with a new club for the upcoming 2021 season in Spain.