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Bahamas urged: 'Clean up' $184m unverified accounts
A Caribbean regulatory body has urged Bahamian banks to show “more dedication and urgency” in cleaning up 20,000 ‘unverified’ accounts that collectively hold almost $184 million.The Caribbean Financial Action Task Force (CFATF), in its July 2017 repo
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Banking limitations restrict BISX model for crowdfunding
Banking system limitations are restricting the Bahamas International Securities Exchange’s (BISX) development of crowdfunding and small business listing platforms, its chief executive has revealed.Keith Davies, in a recent interview with Tribune Busi
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Decay in infrastructure affects Baha Mar and all our islands
My ongoing experiences with inadequate drinking water here on Eleuthera dovetails with new criticisms about the air conditioning at Baha Mar, and the potential effects of smoke from the nearby smouldering New Providence landfill on tourists.
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Renewable operators ‘prefer’ net metering
Bahamas Power & Light’s (BPL) ‘small-scale renewable generation’ proposal has been hailed as “long overdue” by industry operators, despite misgivings over the chosen compensation method.
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Residential renewables can grid-tie in early ‘17
Bahamas Power & Light’s (BPL) residential consumers should be able to install grid-tied renewable energy systems by the end of January 2017, the Utilities Regulation & Competition Authority’s (URCA) top executive said yesterday.
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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).
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Ex-BCA chief slams ‘corner cutting’ over Small Home repairs
An ex-Bahamian Contractors Association (BCA) president yesterday slammed the Government’s “corner cutting” on Urban Renewal’s Small Home repairs, saying it provided a “snapshot” of the country’s woes.
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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.
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Gov’t urged: ‘Set tone’ on renewable energy
The Government has been urged to “set the tone” for the renewable energy sector, with one provider warning the Bahamas is “way behind the eight ball” with less than 1 per cent penetration.
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Private sector wants renewables re-start ‘as quick as possible’
The private sector is seeking an urgent meeting with Bahamas Power & Light (BPL) and its new operator in a bid to re-start the Renewable Energy Self Generation (RESG) programme “as quickly as possible”.
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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.”
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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”.
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Bahamas abandons ‘seat of the pants’ approach
The Bahamas is preparing to abandon its “by the seat of our pants” approach to national development, a Cabinet Minister yesterday disclosing that the first ‘State of the Nation’ report is likely to be released in January 2016.
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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).
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Seeking the true meaning of a national celebration
By REV CANON SEBASTIAN CAMPBELL
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Why not junkanoo?
EDITOR, The Tribune
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Four months to 'convince' Gov't on spending cuts
The Tax Coalition has four months to “convince” the Government that commitments to spending curbs are “essential”, a co-chair adding that expenditure increases across 30 ministries do little to inspire confidence.
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Manufacturer demands 150% water import duty
THE Government should set tariffs as high as 150 per cent on imported bottled water, a local manufacturer arguing that “hundreds of jobs” could be created from such a policy.
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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.
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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.
