07052018 business

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business@tribunemedia.net

THURSDAY, JULY 5, 2018

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Tourism ‘misses mark’ in loss to beauty queen * RULING LEAVES IT WORSE OFF AGAINST SONGSTRESS * MINISTRY ALTERS DEFENCE TO KHIARA SHERMAN * MINISTER, TOP OFFICIALS TO GIVE EVIDENCE KHIARA SHERMAN

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Ministry of Tourism’s latest bid to dismiss a former Bahamian beauty queen’s breach of contract claim was yesterday rejected by a US judge because it “misses the mark”.

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THE government must “entrench a new culture” within the civil service if the Fiscal Responsibility Bill is to succeed, the InterAmerican Development Bank (IDB) warned yesterday. The multilateral lender’s assessment of the proposed legislation, led by its Bahamas-based economist Allan Wright, backed the bill as a “bold step” that sets out “clear, sound” deficit, debt

By NEIL HARTNELL and NATARIO McKENZIE Tribune Business Reporters

B

ALIV’S top executive yesterday hailed its introduction of the latest 4.5G technology as “a regional first”, and said: “We’ve been like an earthquake for the market.” Damian Blackburn, pictured, told Tribune Business that the mobile operator was continuing to “press our foot to the pedal” as it transitions from its start-up/network roll-out phase to

* Companies now getting February mail * Some setting up mail boxes in Florida * Union chief: System at a ‘standstill’

USINESSES yesterday blasted the “really disgraceful” collapse of The Bahamas’ postal system for “killing our economy”, with some revealing they only received February’s mail yesterday. Anthony Howorth, a well-known financial services provider, told Tribune THE OLD GenBusiness that high net eral Post Office worth foreign clients and building, East their intermediaries likely Hill Street. viewed The Bahamas as “a third world country” And Edison Sumner, because their mailings and requests received no reply the Bahamas Chamber of Commerce and Employers for three months.

* IDB WARNS CIVIL SERVICE ‘BUY IN’ CRITICAL * BUT BACKS BILL AS NECESSARY ‘BOLD STEP’ * POOR ACCOUNTING SYSTEMS MAY UNDERMINE and spending targets in line with international best practices.

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Aliv: ‘We’ve been like an earthquake’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

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Post Office collapse ‘killing our economy’

‘Entrench new culture’ on fiscal responsibility By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

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* HAILS 4.5G LAUNCH AS ‘REGIONAL FIRST’ * PUTS ‘PEDAL TO METAL’ ON APPS, POST-PAID * JUST PAST ‘HALF-WAY’ TO BREAK EVEN focus more on innovation and improving the customer experience. Speaking after Aliv completed its nationwide infrastructure build-out

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Confederation’s (BCCEC) chief executive, disclosed that he knew of Bahamian

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Contractor chief warns over vat mortgage hit By NATARIO MCKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

businesses who had purchased Florida mail boxes and were travelling to the US on a weekly basis as a costly, time-consuming alternative to beating the postal shutdown. Their renewed concerns came as Kingsley Ferguson, the Bahamas Public Service Union’s (BPSU) president, yesterday confirmed that The Bahamas’ postal service has effectively come to a “halt” over the unhealthy, unsafe conditions at the

THE Bahamian Contractors Association’s (BCA) president yesterday said it will “initiate” talks with banks on the rewriting of mortgages to offset the 12 percent VAT hike’s impact. Speaking with Tribune Business following the BCA’s monthly luncheon at Poop Deck West, which featured Keith Worrell from the Department of Inland Revenue’s VAT Unit, Leonard Sands said a conversation will have to take place with the Clearing Banks Association on the matter. He added that while the Minnis administration has

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07052018 business by tribune242 - Issuu