UBS downsize hits 70 staff
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.
Fiscal reform needed to occur '10 years ago'
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.
Bimini cruise terminal action switches tactics
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.
Businessman calls for 65% debt ratio limit
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.
Accountant slams Business Licence fee 'disaster'
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.
Tourism hoping web shops spark VAT reset
By NATARIO McKENZIE
Bahamas signs 31st tax deal
By LINDSAY THOMPSON
Gov't had 'no choice' on web shop industry
By NATARIO McKENZIE
Airport advertising in Freeport take-off
Advertising has taken off at Grand Bahama International Airport, with 20 major spots sold in the last four weeks to leading Bahamian companies.
Attorney passes Series 6 exam
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.
BTVI readies for solar 'take off'
The Bahamas Technical and Vocational Institute (BTVI) has officially restarted its solar energy programme, believing this sector is primed for “take off”.
Bahamas offers Middle East hub for diversifying
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.
Tax Coalition unveils 'Wake up Wednesday'
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.
Insolvent broker chief asked to return $3.5m
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.
Merged realtor targets biggest possible share
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”.
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