Local Business

Bahamas broker blasts ‘sham’ US investigation

A Bahamas-based broker/dealer yesterday accused US federal regulators of “doing everything in their power to harm” its business through a six-year probe it branded as “a sham”.

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‘Sell, sell, sell’ BOB even with 164% profit rise

The government’s priority with Bank of The Bahamas (BOB) must be to “sell, sell, sell”, a prominent minority shareholder argued yesterday, despite half-year net income increasing by 164 percent.

Bahamas Ferries ‘road map’ survives planning go-ahead

All parties to the Bahamas Ferries controversy in Abaco are sticking to the agreed resolution “road map” after it was almost derailed by an unexpected planning approval.

Bahamas urged: Challenge EU in global court

The Bahamas must explore “a legal challenge” to the European Union’s (EU) latest attack before the International Court of Justice, an ex-attorney general urged last night.

$45m landfill ‘transformation’ to happen within six months

THE New Providence landfill’s new manager yesterday pledged Bahamians will start to see a “transformation” of the facility within six months, as it bids to extend its life by 35 years.

Landfill manager sought longer than ten-year term

THE New Providence landfill’s new manager/operator yesterday said it had originally sought longer than the 10-year lease granted by the Government, describing this as a “starting point” to modernise the facility.

Superplex attracts 140k persons since opening

THE Fusion Superplex entertainment complex has sold 84,000 tickets since its November soft opening, its developers revealing they have seen tremendous foot traffic.

Financial analysts examining ethics

The Chartered Financial Analyst (CFA) Society of The Bahamas (the Society) has hosted an ethics training session under the theme How to do the right thing even when no one is watching.

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EU’s ‘high risk’ list: We must soldier on

THE Attorney General yesterday said The Bahamas must "ride out the storm and soldier on" after the European Union (EU) branded it a "high risk" jurisdiction for financial crime.

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Govt gives up $25m annually on web shops

The Government has agreed to forego $25m in annual revenues to settle the taxation dispute with the web shop industry, a Cabinet minister revealed yesterday.

Young accountants reception

YOUNG accountants who recently completed their degree programme were welcomed into the profession by the ...