Cabinet still considering way forward with Oban deal

While remaining mum on the likelihood of Oban Energies’ $5.5 billion oil refinery and storage facility project advancing, Minister of Labour Dion Foulkes said Cabinet was still reviewing a technical report that examines the original heads of agreement signed in February. Foulkes chairs the Cabinet subcommittee charged with examining the deal. Asked about the likeliness […]

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GB Tech Summit attracts hundreds

The second installment of the Grand Bahama Tech Summit kicked off in the nation’s second city on Wednesday morning and according to Kwasi Thompson, Minister of State for Grand Bahama, the event attracted a larger number of participants than initially expected. “We are actually oversubscribed. We had to close off online subscription and at that […]

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Aviation ministry sets eyes on new revenue outlet

The government can look forward to collecting a new stream of income in the coming months as the aviation ministry prepares itself to begin charging international carriers for flying through its airspace, according to Dionisio D’aguilar, Minister of Tourism and Aviation. D’Aguilar confirmed to Eyewitness News Tuesday that his ministry is in the is the […]

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Ministers meet with EU, OECD to discuss ending tax watchlist

Deputy Prime Minister and Minister of Finance,  K. Peter Turnquest, led a delegation to Brussels and Paris this week, for frank discussions with high-ranking officials within the European Commission and the Organization for Economic Co-operation and Development (OECD) on The Bahamas’ compliance with international standards on tax governance. The meetings also centered around the high-level […]

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Baha Mar sets eyes on Asian market

Tourism and Aviation officials are hopeful that discussions regarding the introduction of direct flight service between China and The Bahamas, via a Chinese air carrier, will soon materialize, according to Robert Sands, Senior Vice President of Administration and External Relations at Baha Mar. Sands revealed exclusively to Eyewitness News that the Asian market has presented […]

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Businesses granted duty waivers for apparel imports

The Ministry of Finance is inviting retail shoe and clothing merchants to take advantage of the customs duty waiver that is available to businesses to reduce the cost of importing goods. Since the policy was announced in July, with the start of the 2018/2019 budget year, the Ministry of Finance granted waivers to 154 applicants. […]

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PM says economy turning around

Prime Minister Dr. Hubert Minnis said the Bahamian economy is turning around economically. He also touted that job creation, strengthening the economy and improving the environment for businesses are top priorities of his administration. The prime minister’s comments came while officially opening the Securities Commission of The Bahamas Public Companies Forum at the British Colonial […]

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Gov’t. eyes more aggressive increase in Ease of Doing Business rankings

Following the Prime Minister’s mandate to make ease of doing business a top priority for the Government, the Ministry of Finance is spearheading an inter-agency working group to make business faster, cheaper and better in The Bahamas. The incremental move in the latest World Bank Ease of Doing Business ranking is a welcomed sign that […]

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BCA wants more business from foreign developers

The Bahamas Contractors Association is agitating for more international investors and developers to foster a better relationship with the association. The organization currently represents a little over 500 local contractors. While the industry boasts of an uptick in business around New Providence, and a number of Family Islands, the BCA feels that there are more […]

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MOT promotes The Bahamas in China

The Bahamas Ministry of Tourism and Aviation, led by Dionisio D’Aguilar along with leading industry executives from Atlantis, Baha Mar, The Pointe and Majestic Tours, took media outlets and tour operators in Beijing and Shanghai on a whirlwind tour of the Islands of The Bahamas, solidifying its message that ‘The Bahamas is a viable destination […]

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Added airlift heading into Winter

A number of Family Islands are poised to benefit from added airlift heading into the winter season, confirmed Tyrone Sawyer, Senior Director in the Ministry of Tourism’s airlift unit. His comments came on the heels of a robust summer season which experienced tourist arrivals which surpassed seasonal forecasts. With the winter season just weeks away, […]

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