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Broker refutes regulator's 'ponzi scheme' assertions
A former Bahamas-based broker/dealer last night accused the Securities Commission of failing to understand a business model that the regulator had branded “akin to a ‘ponzi’ scheme”.Guy Gentile, principal of SureTrader and MintBroker International, t
Price regulators back ‘no gouging’ on eggs
Consumer protection regulators have confirmed there is no “price gouging” on eggs despite complaints that costs have doubled in just two weeks.
COVID-19 to 'absolutely' cause business closures
A Chamber of Commerce director has warned there will “absolutely” be permanent business closures across the Bahamian economy once it emerges from the COVID-19 pandemic. Tara Morley, who is also the Bahamas Federation of Retailers (BFR) co-president,
Govt identifies $300m in COVID-19 funding
The government has to-date identified $300m in funding it can access should the COVID-19 pandemic force it to go outside its revised post-Dorian financing structure. K Peter Turnquest, deputy prime minister, told Tribune Business : “We have lined up
Cable Bahamas teams for cash bill payments
Cable Bahamas has teamed with a Bahamian money transmission services provider to enable customers to pay their REV bills in cash during the COVID-19 pandemic. Barry Malcom, SunCash’s director, said: “Sun Island Transfers Ltd or SunCash is very pleas
NIB: Over $500,000 to tourism self-employed
The National Insurance Board (NIB) yesterday said it has paid-out more than $500,000 in the first tranche of help for self-employed persons in the tourism sector hit by the COVID-19 pandemic. The social security system, in a statement, disclosed: “T
