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Town Planning rejected Lyford Cay condo advice

Lyford Cay residents will today bid to block a controversial condo project, which speculation previously linked to FTX, after planning authorities approved the doubling of its height beyond that recommended by their technical advisers.

DIESEL SALES HALT TO LAST UNTIL MARGIN RESOLUTION: However, sites owned by FOCOL continue to make fuel available

Bahamian petroleum retailers have "no intent to disenfranchise the motoring public", their president asserted yesterday, as he warned that the halt to diesel sales will "go on until such time" as their plight is resolved.

URCA in 'final touches' on third mobile player review

Regulators are completing the "final touches" to their assessment of whether The Bahamas can sustain a third mobile operator and have submitted their recommendation to the Government for its final decision.

URCA's battery storage review to aid renewables

The Utilities Regulation and Competition Authority (URCA) has launched an informal consultation process over "battery energy storage integration" as it seeks to facilitate greater adoption of renewable energies.

Book warns of dire sea level changes for The Bahamas

A NEW book warns that The Bahamas faces greater risks from climate change than almost any other country.

Bank shrugs off $2.8m fee rise to 'beat target by 54%'

Commonwealth Bank yesterday revealed its $19.58m first quarter profits "exceeded expectations by 54 percent" despite having to contend with a more than one-third year-over-year increase in licence fees.

PI Wendy's: Bank restriction expired almost 50 years ago

The only firm restriction governing how the disputed ex-Scotiabank location on Paradise Island can be used expired almost 50 years ago in 1975, Tribune Business can reveal.

Corporate tax 'driven' by revenue demands

The Government's corporate income tax proposal is "driven" by the need to increase revenues and could "be a gateway" to further progressive reforms that ultimately include a personal income tax, a governance reformer said yesterday.

'Anyone who wants diesel able to buy it'

FOCOL Holdings chairman yesterday voiced optimism that "anyone who wants to buy diesel on this island can get it" even though "the majority" of petroleum retailers were said to have stopped sales of this fuel.

Taxi president: Cruise port call-ups will end 'hustling'

The Bahamas Taxi Cab Union's (BTCU) president yesterday voiced optimism that the new call-up protocols at the Nassau Cruise Port (NCP) will eliminate hustling by drivers for fares.

Silver Airways adds two routes to Family Islands

A US airline has added two non-stop routes to the Family Islands from Orlando this past weekend.

Craig Flowers and FML face winding-up petition

FML's ex-chief operating officer has filed a Supreme Court petition to have the web shop chain wound-up as his five-year legal battle with Craig Flowers escalates into a new phase.

Arbitration ‘key tool’ for economic benefit

Arbitration is an "important tool" that will improve The Bahamas' competitiveness, ease of doing business and slash the time and money incurred by companies in pursuing expensive court litigation, a Cabinet minister asserted yesterday.

Memorial service to be held for former Tribune managing editor Eugene Duffy in London

A memorial service will be held for former Tribune managing editor Eugene Duffy in London on Thursday, June 8.

Real estate faces greatest corporate tax burden rise

Real estate firms will experience the highest increase in their tax burden for each of the four corporate income tax options that the Government is proposing as replacements for the turnover-based Business Licence fees.

Corporate tax plan 'dead on arrival' unless wider reform

The Government's corporate income tax consultation will be "dead on arrival" if it does not involve a "holistic" approach to comprehensive Bahamian tax reform, a prominent banker warned yesterday.

Super Value president: 'Things aren't flowing'

Super Value's president says that, while profit-based taxation "would be favourable" for food retailers, the Government must first prioritise the ease of doing business because "things aren't flowing like they should".

Keep Freeport out of a 'political cess pool'

Major figures in last year's protest march to the Grand Bahama Port Authority (GBPA) have reiterated their opposition to its acquisition by the Government for fear Freeport will be dragged into "a political cess pool".

US will warn over crime

My prediction has happened. Two American tourists in Exuma robbed of thousands of dollars, another State Department Advisory will happen warning American tourists of the crime in The Bahamas.

PM unveils lease-to-own Crown Land return plan

The Prime Minister has pledged to launch a lease-to-own initiative involving Crown Land to entice Cat Islanders to return home.

The Tribune

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