All results / Stories
Sort By
Date
Authors
- Everyone
- Neil Hartnell (137)
- Samora St Rose (62)
- Natario McKenzie (33)
- Eloise Poitier (10)
- Paul Turnquest (8)
- Paco Nunez (7)
- Renaldo Dorsett (7)
- Ava Turnquest (2)
- Celeste Nixon (1)
- Dana Smith (1)
IMF: Bahamas bank fees rise up to 186%
Bahamian banks have increased fees for cross-border transactions by as much as 186 per cent over the last five years, due to growing pressure on their international ties.
INSIGHT: It's a question many are asking - were we duped?
ON May 10, 2017, the Bahamian electorate voted for a much desired change. The political culture of our leaders looking after their friends, family and lovers disgusted the majority of Bahamians who voted for Prime Minister Dr. Hubert Minnis and the Free National Movement to form the current government. However, after six months it would seem as though most Bahamians are succumbing to a pervasive feeling of voter dissonance.
Eight-month VAT transition is 'best thing for builders'
The Bahamian Contractors Association’s (BCA) president yesterday hailed the eight-month VAT ‘transition’ for existing projects as “the best thing the Government can do for construction”.Leonard Sands told Tribune Business that the Minnis administrati
Retailers given until end-august for VAT pricing adjustments
Bahamian retailers have until August 31 to adjust prices for the 12 percent VAT, with top government officials yesterday expressing confidence that the transition will “not disrupt” commerce.Marlon Johnson, the Ministry of Finance’s acting financial
Stop 'looking in mirror' on fiscal blame game
The Government was yesterday urged to “get past looking in the mirror”, as it again blamed the Christie administration’s “overhang” for exceeding the prior year’s fixed-cost spending.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) p
Arawak chair 'prays' for late reversal on real estate taxation
Arawak Homes’ chairman yesterday said he is “praying” that the Government will reverse course at the last minute on a “material dampener” for real estate and all related industries.Sir Franklyn Wilson told Tribune Business that the move to treat real
Govt to alter VAT 'exempt' for real estate
The government appears poised to reverse the budget’s VAT “exempt” treatment of real estate, following lobbying from top developers such as Albany and Baker’s Bay.KP Turnquest, deputy prime minister, told Tribune Business to “stand by” for a potentia
Sebas: 'I smell a rat' - Threatens legal action over $50m project stall
Sebas Bastian’s property development arm is threatening to sue the Ministry of Works over “discriminatory and biased treatment” of its $50m corporate office project.The Island Luck chief’s Veridian Development Group on Wednesday issued the Ministry,
Attorney: 'I want to say aircraft registry is finally happening'
The Government has been urged to fund a Bahamian international aircraft registry in the upcoming 2018-2019 Budget, an attorney saying: “I want to finally say this is happening.”Llewellyn Boyer-Cartwright, a Bahamian aviation law specialist, told Trib
CIBC deal positive if 'breaks up the cartel'
An ex-Central Bank governor yesterday said the proposed acquisition of CIBC FirstCaribbean could be positive for the Bahamian economy if it “breaks up the cartel” in the banking industry.James Smith, pictured, told Tribune Business that the Colombia-
Insurers: Dorian losses increase to $1.5bn-$2bn
Estimates for Hurricane Dorian’s total insured losses were yesterday said to have increased to between $1.5bn to $2bn as the entire Bahamian industry was removed from international “review”. Anton Saunders, RoyalStar Assurance’s managing director, t
Minister: BPL must not ‘burden’ prompt payers
A Cabinet minister yesterday pledged that Bahamas Power & Light (BPL) will clamp down on delinquent bill payers so that compliant customers are not penalised in servicing its $650m refinancing.
Customers warned: No more slack on BPL bills
Servicing Bahamas Power & Light’s (BPL) $650m refinancing will end the “buddy-buddy system” that has enabled delinquent electricity payers to evade disconnection, a union leader is warning.
Hotel union to feed the 5,500 with 'advance'
The hotel union’s president yesterday said it has “risen to the occasion” to provide COVID-19 relief to its 5,500 members via “an advance” from the industry’s Health and Welfare Fund.Darrin Woods told Tribune Business that the Bahamas Hotel, Catering
The Vicious Cycle Of Lockdowns, Downgrades And Stimulus Cost
In the final of his three-part series, Hubert Edwards suggests how The Bahamas and other nations can blunt the impact of sovereign credit downgrades.
Minister: GB poised for six-fold visitor increase
Grand Bahama is poised for a near six-fold increase in visitor arrivals from two projects that will be “the catalyst for tourism’s rebirth” on that island, a Cabinet minister revealed yesterday.
'Stop focusing on the peanuts': GB deals grow one tax $63m
A Cabinet minister yesterday told Bahamians to “stop focusing on the peanuts” as he revealed that the cruise lines’ Freeport projects will generate $63m in annual taxes from just one revenue stream. Dionisio D’Aguilar, minister of tourism and aviati
'Opaque' dealings hit City Markets HQ sale
AML Foods is battling a series of “opaque” transactions as it seeks to uphold “the validity” of its $3m purchase of City Markets’ former headquarters building. The BISX-listed food retail and franchise group, in legal filings supporting its bid for
Cable warily eyes $300m preference debt maturity
Cable Bahamas is warily eyeing the need to repay more than $300m in preference share debt over a five-year period from 2023 to 2027, its top executive said yesterday. Franklyn Butler, the BISX-listed communications provider’s president and chief exe
INSIGHT: We’re in a war and we’re losing - we need to bury petty differences and work together
THERE is no doubt our initial success in warding off COVID-19 was merely a test run. Indeed, we are in the thick of things as we may have overestimated our ability to open the country with cases surging in the United States.
