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Symonette stands firm on changes

THE opposition’s criticism of amendments to the Immigration Act is a “political red-herring”, Immigration Minister Brent Symonette said yesterday.

Moody’s actions ‘inconsistent’ with structural concern

The Opposition’s deputy leader last night said Moody’s decision to maintain the Bahamas’ existing sovereign credit rating seemed “inconsistent” with its analysis, which repeated the structural concerns voiced by Standard & Poor’s (S&P).

Bahamas eyes 'stimulus' from UK air tax reform

The UK’s air tax reforms “play right into the Bahamas’ diversification and international markets” growth strategy, a leading tourism executive yesterday saying it boosted this nation’s airlift connectivity via British Airways’ London hub.

Bahamas suffers 40% UK visitor fall

The Bahamas suffered a 40.6 per cent fall in UK stopover arrivals in the six years to 2013, with a senior hotel executive expressing hope that London’s aviation tax cuts will have an “overarching positive impact” in reversing this trend.

Small business Bill ‘close off’ is urged

The Government and private sector were yesterday urged to finally “close off” work on legislation to revive the small business sector, a well-known consultant arguing: “Enough is enough.”

Bahamas 'rises from captives extinction'

The Bahamas has “risen from extinction” in captive insurance, a leading industry player said yesterday, with this nation’s growth rate over the past three years “exceeding any other jurisdiction”.

Renewable energy fury at suspension: Gov’t ‘not turning our back’ on sector

The Government yesterday pledged it was “not turning our back” on renewable energy, with senior officials describing the suspension of its much touted self-generation initiative as “in the best interests of all”.

Baha Mar companies put in full liquidation

Seven Baha Mar companies have now been placed into full liquidation by the Supreme Court, prompting a well-known QC to say he “can’t understand” the legal strategy pursued by original developer, Sarkis Izmirlian.

BISX: Commission’s Rules help to define SME ‘working space’

The Bahamas International Securities Exchange’s (BISX) chief executive says the publication of proposed ‘crowdfunding’ rules will help define “the space we can work in” with its Small Alternative Market (SAM).

Get-rich-quick Ponzi schemes to be illegal

THE Minnis administration passed legislation in the House of Assembly yesterday that seeks to criminalise Ponzi schemes that have over the years defrauded Bahamians of hard-earned money.

Economic output beats pre-COVID by $295m

Bahamian economic output for the 2023 first-half was last night said to have beaten pre-COVID comparisons by $295m in a signal that this nation is now moving beyond post-pandemic reflation.

Why not junkanoo?

EDITOR, The Tribune

Cable builds US 'mirror image' via new $24m deal

Cable Bahamas yesterday unveiled its third Florida acquisition within three months via its $24 million purchase of a Caribbean Crossings “mirror image”.

Credit union member growth expands 29%

By NEIL HARTNELL Tribune Business Editor Bahamian credit unions have outpaced commercial banks through an average total asset growth rate of 9.25 per cent over the past five years, the Central Bank's governor said yesterday, their collective membership h

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