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BPL urged: ‘Ramp up quickly’ to get $500m Shell saving
BAHAMAS Power & Light (BPL) was yesterday urged to “ramp up very quickly” on its generation deal with Shell, amid hopes it could result in $500 million of annual economic savings.
BAIC wage bill 142% of income
BAIC’s wage bill increased by more than $600,000 over a two-year period to the point where it was equivalent to 141.5 per cent of the Corporation’s total operating revenue.
Gardiner breaks 200m national record in Miami
GOLD Coast, Australia: He's not here as a member of Team Bahamas for the XXI Commonwealth Games, but Steven Gardiner made his own headlines in Miami, Florida on Saturday.
Fund 'a victim of its own success' with 35% growth
RoyalFidelity’s Prime Income Fund was yesterday said to have become “a victim of its own success” after enjoying 35 per cent growth over the past year.Joseph Euteneuer, the investment bank’s mutual fund manager, told Tribune Business it was increasin
Insurance cover 'did not pay off' post-Matthew
THE Inter-American Development Bank (IDB) has backed industry calls to eliminate VAT on property and casualty insurance, as many policies “did not pay off” following Hurricane Matthew.The bank, in its assessment of the economic damage and loss inflic
Irma to widen deficit by $44m
HURRICANE Irma-related reconstruction is expected to widen the 2017-2018 fiscal deficit by $44 million, the Inter-American Development Bank (IDB) has warned.The multilateral lending institution, in its assessment of the economic loss and damages infl
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
Plane hackers’ days numbered
TOURISM and Aviation Minister Dionisio D’Aguilar yesterday said he expects regulations that would restrict a pilot’s ability to classify flights as commercial or leisure to be reviewed and legislated within the “next month or two,” as part of a move to crack down on the deadly practice of “hacking”.
Bank manager bailed after appeal over account thefts
A FORMER manager at the Bank of the Bahamas sentenced to three and a half years in prison for stealing $21,000 from the savings accounts of several of the bank’s customers has been granted bail pending the appeal of his sentence.Acting Appellate Just
Insurance chair urges: We must shed 'tax haven' label
THE Bahamas Insurance Association’s (BIA) chairman yesterday urged the country not to lose sight of ‘the bigger picture’ in using tax reform to shed its ‘tax haven’ label.Emmanuel Komolafe told Tribune Business that while corporate taxation may not b
THE PRESS BOX: Cowboy Nation, here’s what to do with Dez Bryant
AFTER making multiple impressive moves during the second week of the NFL free agency period, including signing two wide receivers, ex-Jaguar Allan Hurns and ex-Bear and Bill Deonte Thompson...
US: Bahamas ‘losing competitive FDI edge’
The Bahamas is “losing its competitive edge” on foreign direct investment (FDI) to Caribbean rivals as a result of its ‘ease of doing business’ woes, the US government has concluded.
IBCs face ‘much damage’ through blacklisting Bill
THE Bahamas’ ‘blacklisting’ response threatens to “cause a lot of damage” to its IBC business and create “much less certainty” for the financial services industry, a top attorney is warning.
IAN FERGUSON: Don’t be too retiring about ‘golden years’
MANY employees are making the mistake of taking too long to prepare for retirement. After working diligently for more than 30 years, you should set yourself up financially for your golden years. The last 12 months before you call it ‘a day’ are especially critical to putting your retirement on a prosperous path. It is time to get your portfolio, health care and other finances in order so you can enjoy your new life. Here is short checklist of what each employee can do to prepare for the inevitable.
EDITORIAL: A chance for honest improvement
MINISTER of Health Dr Duane Sands has been brutally frank and forthright in assessing the state of public medical care in The Bahamas. He has warned us the system is failing us.
Bahamas must ‘leverage’ EU listing into opportunity
The Bahamas was yesterday urged to “leverage” the European Union’s (EU) ‘blacklisting’ and reposition itself as an international business centre based on ‘physical presence’.
IC Junior Tennis Series returns to Albany in April
THE Winterbotham International Tennis Club (IC) Junior Tennis Series will continue at the Lleyton Hewitt Albany Tennis Academy on Saturday and Sunday - April 14-15.
Bahamas 'failed to read tea leaves' on corporate tax
THE Bahamas’ failure “to read the tea leaves” and introduce a corporate income tax “for ourselves” has contributed to Europe’s planned ‘blacklisting’, a financial executive argued yesterday.Paul Moss, Dominion Management Services’ president, told Tri
Customer’s 20-year ‘concrete block’ to Water Corp cut-off
THE Water & Sewerage Corporation gave $5.9 million back to consumers over 21 months, while one delinquent customer “blocked meter access” with concrete to enjoy uninterrupted supply for 20 years.
Tourism pitches to US businesswomen
THE Ministry of Tourism has sold the Bahamas’ benefits to more than 1,200 influential businesswomen from across the US.Already a corporate sponsor of the Black Enterprise Women of Power Summit (BEWOP), the Ministry took centre stage at the final lunc
