More than 70 UBS (Bahamas) will be impacted by the closure of its private banking unit over the next 10 months, with the Swiss banking giant promising the Government it would “minimise” local lay-offs.
The Bahamas has “boxed itself in” by delaying fiscal reform until it reached “crisis point”, a leading accountant arguing that new taxes should be been introduced “10 years ago” when the economy was booming.
Opponents of Bimini’s controversial cruise ship dock have switched tactics, filing a Supreme Court summons seeking permission to drop Resorts World Bimini and its affiliates as defendants in its Judicial Review action.
A well-known businessman yesterday called for a ‘fiscal rule’ where the Government’s debt-to-GDP ratio cannot exceed 65 per cent, arguing that increased revenues had to be accompanied by spending discipline.
A top accountant yesterday urged the Government to replace the “disastrous” Business Licence fee with a corporate income tax, warning that the current system discouraged growth and investment.
By NATARIO McKENZIE
By LINDSAY THOMPSON
By NATARIO McKENZIE
Advertising has taken off at Grand Bahama International Airport, with 20 major spots sold in the last four weeks to leading Bahamian companies.
Alivia O. Forbes has passed the Series 6 exam in the US after studying with the Nassau-based Securities Training Institute (STI). She achieving 100 per cent on the STI’s final exam.
The Bahamas Technical and Vocational Institute (BTVI) has officially restarted its solar energy programme, believing this sector is primed for “take off”.
A senior Andbank (Bahamas) executive believes the Bahamas can provide asset and investment portfolio diversification for funds flowing into the United Arab Emirates (UAE) from troubled Middle Eastern countries.
These two New Oriental Cleaners employees, Tiffani Lightbourne and Jennifer Pedican-Dames, will both be wearing these brightly coloured T-shirts this coming Wednesday to drum up support for The Coalition for Responsible Taxation.
An insolvent Bahamian broker/dealer’s principal will be told to return $3.5 million to its liquidators by “formally dissolving” 10 entities he controls, Tribune Business can reveal.
A former Bahamas Real Estate Association (BREA) president yesterday suggested other colleagues follow his lead and seek appropriate merger partners, adding that he was seeking a market share “as large as we can get”.