Local Business


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Wells LOI battle: 'It's finished now'

A $727.364m damages claim against Renward Wells and others was yesterday branded as “finished” after the firm at the centre of the Letter of Intent (LOI) controversy withdrew its appeal.Gregory Moss, the now-Cabinet minister’s attorney, told Tribune

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'Music to my ears' WTO 95% unlikely

Super Value’s principal yesterday said it was “music to my ears” to hear the government’s WTO chief negotiator state The Bahamas is almost certainly not joining under this administration.Rupert Roberts, who has vehemently opposed becoming a full Worl

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Govt targets 'best in class' over aviation

The government’s aircraft registry ambitions are critical to developing a “best in class aviation sector”, a Cabinet minister telling Tribune Business yesterday: “Now the journey begins.”Dionisio D’Aguilar, minister of tourism and aviation, told Trib

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Appeal justice raises 'judicial activism' fear

A Court of Appeal judge has seemingly cautioned a colleague for straying into “judicial activism” in a case involving the termination of a 14-year veteran John Bull store manager.Appeal justice Stella Crane-Scott said “courts should avoid” straying i

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Ex-Atlantis staffer loses appeal over $300,000 fraud

A former Atlantis employee who masterminded a $300,000 fraud against the Paradise Island resort has seen her wrongful dismissal counter-claim dismissed by the Court of Appeal.It also upheld the hotel’s “breach of fiduciary duty” against Monteigne Cun

'We'll have to make one-cent end work'

Super Value’s principal yesterday said his Abaco interests had coped well after eliminating the one-cent coin last year, and added: “We’ll have to make it work here.”Rupert Roberts told Tribune Business that the retail industry and consumers will hav

Atlantis in top travel honour

Atlantis, and its The Cove and The Reef properties, have been recognised in the Top 25 Resorts in the Atlantic category by Condé Nast Traveler.“It is an honour to accept this prestigious award on behalf of our magical Bahamian resort,” said Audrey Os

Baha Mar's $300m spend aids Nassau 'renaissance'

A top tourism executive yesterday described Baha Mar’s $300m water park as the latest element in Nassau/Paradise Island’s “renaissance” as a tourism destination.Fred Lounsberry, president of the Nassau/Paradise Island Promotion Board, told Tribune Bu

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BPL class action in November ‘full flight’

A former Cabinet minister yesterday predicted his Bahamas Power & Light (BPL) class action lawsuit will be in “full flight” by end-November after gaining around 1,000 members.

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John Bull firing 'beyond the pale'

A Court of Appeal judge has ruled that John Bull went “beyond the pale” in firing a 14-year veteran store manager for drinking champagne at a promotional event staged by the company. Sir Michael Barnett found that the Bahamian luxury goods and offic

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Baha Mar shrugs off $10m dip with $300m expansion

Baha Mar yesterday shrugged off a “temporary” Hurricane Dorian-related $10m revenue decline by unveiling a $300m water park expansion that will increase its workforce by ten percent.

Procurement Bill can ‘remove veil’

A top engineer yesterday hailed the draft Public Procurement Bill as a tool that can “remove the veil” and “opaque processes” surrounding the award of multiple government contracts.

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Bahamasair loses $2m over Dorian

Bahamasair’s Hurricane Dorian-related losses “quickly spiral” above $2m due to a combination of evacuation costs and lost commercial flights, a Cabinet minister said yesterday.

Bahamian entrepreneurs in services export insight

The Small Business Development Centre (SBDC) teamed with the Caribbean Export Development Agency (CEDA) to host a global export workshop for entrepreneurs. The three-day workshop, titled Services Go Global , was conducted by Dr Nsombi Jaja, a CEDA c

Govt: No VAT on insurance claims

The Ministry of Finance’s top official yesterday said it had moved swiftly to “pre-empt” erroneous social media claims that VAT is being charged on Dorian claims payouts. Marlon Johnson, acting financial secretary, told Tribune Business that the min