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BPL exodus leaves up to 60 roles vacant to fill

BAHAMAS Power and Light (BPL) needs to fill 50-60 key positions vacated during its voluntary separation exercise, its chief executive has confirmed to Tribune Business.The VSEP exercise opened to all employees of BPL on May 18 and closed on June 8. O

Realtors applaud property tax U-turn as Turnquest seeks to clarify position

THE government’s decision to revert to the previous definition of ‘owner occupied’ properties may have saved ‘hundreds of millions of dollars’ in real estate value and helped to preserve investor trust in The Bahamas the Bahamas Real Estate Associati

'Reverse changes to school uniform support'

ENGLERSTON MP Glenys Hanna Martin yesterday called for an immediate reversal of changes to social assistance policy, limiting aid for school uniforms.Mrs Hanna Martin, shadow minister for social services and urban development, said the drastic shift

Central Bank missed $2bn liquidity head-off

The Central Bank could have headed-off its $2bn bank liquidity concerns had it advised the Government against heavy foreign currency borrowing, an ex-governor argued yesterday.James Smith, also a former finance minister, told Tribune Business that it

Post Office's woes solved by year-end

THE Post Office’s woes should be resolved by year-end, a Cabinet minister forecast yesterday, while admitting that the site for its proposed relocation requires renovations “above and beyond” what was expected.Renward Wells, minister of transport and

‘Handbag hold-up’ netted $1m haul

IMAGES posted on social media of two men alongside two suspects dressed as women are false, according to a senior police official who confirmed there had been no arrest in connection with the John Bull store heist in Grand Bahama, where nearly $1m in merchandise was stolen.

Contractors differ over VAT waiver

Top Bahamian Contractors Association (BCA) executives yesterday took opposing stances on the industry’s ability to access the “waiver” from 12 pecent VAT on pre-existing contracts.Leonard Sands, pictured, the BCA’s president, told Tribune Business th

Jones one of the top performers at Summer Hoops Festival

EACH appearance on the prep grassroots circuit continues to net NCAA Division I offers for Kai Jones.

New controls to win govt contract

THE Ministry of Works is updating its contractor database through a new pre-qualification system that will form the basis upon which contractors are invited to submit bids for projects.

EDITORIAL: Policing the seas should be a top priority

ON June 30, the eyes of the world focused on The Bahamas for all the wrong reasons. One American woman was killed and at least nine others were injured after a tour boat carrying 12 people exploded a mile off Barraterre in the Exumas. While the cause of that explosion remains under investigation, the incident drew our attention to the business of boating in Bahamian waters and to boat operations in general, vessels being used for commercial charters, fishing and for private recreational use.

Medical centre to make Eleuthera 'wellness capital of Bahamas'

Social media and word of mouth on the island of Eleuthera are spreading the news of a medical centre that is set to make a huge difference in the community.The Eleuthera Community Healthcare Initiative (ECHI), a non-profit organisation, has as its mi

Inequality in Haiti

THE administration of President Jovenel Moise struck a raw nerve with the Haitian people when it announced that fuel prices would be increasing.

Govt must show 'fortitude' on VAT break demands

The government must display “the fortitude” to resist unwarranted lobbying by industries and special interests that further undermines the VAT base, a top accountant has warned.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) preside

Social security reforms touched 27% of targets

Social security reforms achieved “none of their planned outcomes”, with just 27 percent of targeted Bahamian households receiving cash grants under an IDB-financed initiative.The Inter-American Development Bank (IDB), in an evaluation report on its B

Realtor fears Budget's dampening impacts

A Bahamian realtor fears the budget’s tax changes will dampen interest in high-end real estate and have a lasting impact on the luxury second home market.Monica Knowles, Bahamas Realty’s top producer in 2016, who less than two years ago saw what she

WORLD CUP: France win final in six-goal thriller

In the end, the best team won.

Four months to answer marijuana questions

CABINET will discuss the committee to be given responsibility for holding town hall meetings on the possible legalisation of medical marijuana in the country when it meets on Monday, Prime Minister Dr Hubert Minnis announced yesterday.

Property tax basis 'adds to social ills'

Real property tax is “contributing to a social ill” because it is calculated on real estate value rather than square footage, a well-known realtor is warning.Gino Maycock, a senior broker and appraiser at Colonial Realty, told Tribune Business that t

Bahamas targets 'leadership' over ownership registry

The deputy prime minister has reiterated the government’s desire to establish financial services “leadership” by setting the standard for beneficial ownership registries.K Peter Turnquest, in a recent interview with Tribune Business, said he did “not

Atlantis enjoys 15% cash flow jump by Disney/Vegas tie

Atlantis is closer to marrying Disney World and Las Vegas than “any other property in the world”, with net cash flow having increased by 15 percent since its current owner’s 2012 takeover.Morningstar Credit Ratings, the investment analysis firm, in a

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