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Gov't 'finalising' deal approval for Port Lucaya Market

The Government was last night “finalising” approvals for a UK investor to acquire Freeport’s Port Lucaya Marketplace from a Grand Bahama Port Authority (GBPA) affiliate, Tribune Business can reveal.

Why is Munroe under fire?

EDITOR, The Tribune.

A bright, new chapter in Bahamian art history

IN THE hospitality industry, first impressions mean everything, forming the basis for a dynamic and meaningful guest experience that will make the Bahamas a standout global destination.

Chamber chairman fears NHI disposable income wipe-out

The proposed National Health Insurance (NHI) scheme’s financing mechanism could wipe out Bahamians’ disposable income and “hurt the economy”, the Chamber of Commerce’s chairman warned yesterday.

Moody's 'validates' private sector energy reform push

Moody’s believes the Bahamian economy will experience “major improvement” if the Government successfully executes energy reform, adding that this could also “offset” Value-Added Tax’s (VAT) cost impact.

Concerns raised over sale of Hilton to Chinese company

OPPOSITION Shadow Minister for Finance Peter Turnquest believes the sale of the British Colonial Hilton and adjoining property to a state-owned Chinese company has concerning labour and foreign policy implications for the Bahamas.

BEC bills won't show 25% oil price decline

Hard-pressed Bahamian energy consumers will not reap the benefits from a 25 per cent drop in global oil prices because BEC’s fuel supplier has it “by the balls” over its $130 million debt.

BAMSI begins - in a hangar and rented accommodation

FULLY accredited courses at the new agriculture and marine science school in Andros began in an airport terminal yesterday.

Gov't told: 'Live up to your end of the fiscal bargain'

The private sector has contacted an international organisation that works to make governments more accountable for help in achieving the same in the Bahamas, as it told the Christie administration: “Live up to your end of the bargain”.

Don't 'permanently delay' Central Revenue Agency

A Tax Coalition co-chair yesterday expressed hope that the Government’s plans to create a Central Revenue Administration (CRA) would not be “permanently delayed”, after the responsibility for collecting the new tax was switched to the Value-Added Tax (VAT) Department.

Bahamas must ‘show progress’ on automatic tax exchange regime

The Bahamas was yesterday urged to “show progress” in implementing its automatic tax information exchange regime, given that such initiatives will gain further “impetus” from the ‘Panama Papers’ disclosure.

Devaluation issue ‘of when, not if’

A former Chamber of Commerce chairman yesterday warned that devaluation of the Bahamian dollar “is not a question of if; it’s a question of when”, describing the country as “a rudderless ship”.

Butler-Turner optimistic about leadership race

DESPITE failing to reach a portion of the party’s 410 delegates, Long Island MP Loretta Butler-Turner insisted that she won’t give up and will remain optimistic “until the last minute” about emerging the Free National Movement’s new leader following the FNM convention later this week.

Minnis rounds on critics of referendum stance

FREE National Movement Leader Dr Hubert Minnis yesterday criticised critics of his “vote your conscience” stance on the constitutional referendum, insisting that he took this position out of respect for the intelligence and ability of the Bahamian electorate to make the proper choice.

Bishop calls referendum rejection a ‘fundamental mistake’

ANGLICAN Diocese Bishop Laish Boyd pointed yesterday to the high level of mistrust in the government and spitefulness of voters as factors that led Bahamians to make the “fundamental mistake” of rejecting the gender equality referendum.

‘Point of no return’ on $500m tax hole

The Government is losing $500 million in taxes annually due to compliance rates that are below 50 per cent, an ex-Chamber chairman estimated yesterday, pushing the Bahamas to taxation’s “point of no return”.

Ex-Chamber chairman: ‘Writing’s on the wall’

The Government has “acted on less than 10 per cent” of private sector recommendations submitted to it two years ago, an ex-Chamber chair adding: “The writing’s on the wall.”

WORLD VIEW: Let the voices of the Haitian people be heard

‘International interests in Haiti, in addition to checking off an ‘elections done’ box, are largely defined by controlling emigration, maintaining stability and managing poverty.'

Economic confidence levels at ‘35-year low’

An ex-Chamber chairman believes consumer and business confidence are at their “lowest levels” since he returned to the Bahamas 35 years ago, and expressed concern this nation may leave it too late to change course.

Employers could face jail if they fail to inform govt of job cuts

IN THE wake of Sandals’ decision to make hundreds of its employees redundant, the government wants to bring “emergency legislation” to Parliament that would make it a criminal offence for employers to fail to consult or notify the relevant minister or bargaining agent about their intention to make ten or more workers redundant.

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