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Bahamas' financial services sector 'world class' ahead of FATF assessment

PRIME Minister Philip Davis trumpeted The Bahamas’ “world-class” financial services sector as the country prepares for another mutual evaluation assessment by the Financial Action Task Force (FATF) “on the horizon”.

BPL’s 71% cost hike branded ‘outrageous’

Private sector executives yesterday branded the 71 percent hike in Bahamas Power & Light’s (BPL) total energy costs as “outrageous” and “brutal”, with one saying: “I don’t know how businesses are surviving.”

Private sector must play its part over education

Today marks the end of another school year. Most educational institutions in The Bahamas would likely describe it as a challenging but successful period. We know, and research bears this out, that quality education systems are those where students, parents, teachers and the administrative system work together in ensuring that no child is left behind.

IAN FERGUSON: How to build capacity for a thriving business

Sustainability in this day and age refers to a company’s ability to consistently build capacity in its employees, processes and operations.

Writ rules not being followed

As the “rookie” member of the Opposition in the House of Assembly, I was still appointed Leader of Opposition Business under the first session of Parliament after the 2021 general elections.

IAN FERGUSON: Model Bahamian business that is a corporate ‘beacon’

As we approach the much-anticipated 50th anniversary of our nation’s independence, I pause to reflect on a model Bahamian business that has become a mainstay and beacon within our private sector.

IAN FERGUSON: Stay at home or go to work?

As we approach the much-anticipated 50th anniversary of our nation’s independence, I pause to reflect on a model Bahamian business that has become a mainstay and beacon within our private sector.

IAN FERGUSON: Private sector must help to improve food security

Food security and sustained agricultural production are ongoing conversations that developing countries are having more frequently as we face the mounting challenges of war, drought and famine. The Bahamas, given its vulnerable position as an estimated $1bn per year food importer, must seriously engage in this conversation.

IAN FERGUSON: Companies and Gov'ts must sometimes reset

Staying ahead of the game has never been so important. Businesses need to make sure they are questioning all those things they do out of ingrained habit versus what customers and shareholders have come to expect and feel comfortable with. Once you have identified things that are not working, leaders must have the courage to stop doing them and change course.

Minister of Energy questioned over BPL by the opposition during rare Q&A in the House

FREE National Movement leader Michael Pintard pressed Transport and Energy Minister JoBeth Coleby Davis about Bahamas Power & Light matters during a rare question and answer period in the House of Assembly yesterday.

Prove services exports deserve VAT-free rating

Bahamian accountants must prove audit and other services they provide to financial services entities are “for purposes outside” the jurisdiction to obtain VAT-free treatment, the tax authorities have ruled.

BPL hikes ‘blow up’ Abaco living costs

Abaco business owners yesterday revealed their electricity costs more than doubled in just one month as Bahamas Power & Light’s (BPL) fuel cost recovery strategy consumes an ever-increasing share of corporate cash flows.

ONE ELEUTHERA FOUNDATION: Unlocking the power of corporate social responsibility

IN today’s interconnected world, companies are increasingly expected to be socially responsible and accountable for how their practices impact society and the environment. Corporate Social Responsibility (CSR) refers to the concept that a business is responsible for more than just creating value and wealth for shareholders but should also seek to benefit the broader community in which it exists.

STATESIDE: Challenges facing Speaker of the House Kevin McCarthy

A pundit was thus discussing the third person in the presidential succession in the United States today, the speaker of the House of Representatives, the honourable Kevin McCarthy, Republican congressman from California.

IAN FERGUSON: How to avoid strife over family-owned businesses

Many micro, small and medium-sized enterprises (MSMEs) in The Bahamas are family-owned sole proprietorships or husband and wife partnerships. There are MSMEs that are quite small, operating in a ‘Mom and Pop’ type fashion, but there are others who have navigated the landscape well enough to grow and expand.

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