Governor: Commercial banks not job centres
COMMERCIAL banks should not be viewed as employment centres, the Central Bank’s governor instead arguing that the job creation focus must be placed on the international sector. John Rolle, addressing the Rotary Club of East Nassau, said Bahamas-based
Avoid 'creative destruction' for $1bn GDP expansion
The Bahamas could increase its annual GDP by up to $1 billion if it avoids becoming a “victim of creative destruction”, a well-known economic commentator argued yesterday. Dr Johnathan Rodgers warned Bahamians and the private sector not to “bury your
Seven-day Business Licence leaves firms 'on edge of our seats'
BAHAMIAN businesses were yesterday said to be “on the edge of our seats” over the Prime Minister’s pledge to approve and issue Business Licences within seven days.Edison Sumner, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) ch
Top attorney ‘dying’ to see Enterprises Act’s Immigration impact
A prominent attorney yesterday said she “loves the challenge” posed to the Immigration Department by the Commercial Enterprises Act, and is “dying” to see its impact.
Attorney to Central Bank: ‘Wake up and smell roses’
THE Central Bank’s exchange control department was yesterday urged to “wake up and smell the roses in 2018”, a top attorney suggesting it had yet to embrace liberalisation in practice.
Bahamas facing $500m storm bill over next decade
THE Bahamas will reap multi-billion dollar benefits if it acts now to upgrade physical and environmental protections against $500 million in forecast storm damage, an engineer said yesterday.Carlos Palacious, director of operations for Caribbean Coas
Bahamas cannot 'shortcut' exchange control relaxing
THE Bahamas cannot “shortcut” economic reforms essential to underpinning exchange control liberalisation that can go “much further”, the Central Bank’s governor said yesterday.Signalling that further relaxation will be forthcoming, John Rolle said th
IAN FERGUSON: Stretching our thinking for world-class status
YESTERDAY’s Bahamas Business Outlook conference, produced by The Counsellors, focused the discussion on becoming a world-class nation in how we do business. The dialogue encompassed any number of paths, including innovative approaches to doing educat
PM laments 'antiquated' paper-based approvals
THE Prime Minister yesterday lamented the “inefficient” and “antiquated” demands for businesses to obtain written confirmations and certifcations from different government agencies.While addressing the Bahamas Business Outlook conference, Dr Hubert M
Port Authority unveils 'one-stop shop' portal
THE Grand Bahama Port Authority (GBPA) has developed a “one-stop shop” business portal aimed at eliminating “irrelevant and cumbersome’” processes, its president said yesterday.Ian Rolle, delivering a presentation to the Rotary Club of Southeast Nass
'Crazy' property tax 'tears Abaco apart'
“Crazy” real property tax valuations and bills are threatening “to tear apart” Abaco’s real estate market, multiple realtors warned yesterday.They revealed that foreign real estate owners have started receiving real property tax bills that have “doub
WTO: Bahamas has 'too much baggage' unless Government acts
BAHAMIAN businesses will “have our backside handed to us” unless the Government “aggressively” undertakes key reforms prior to joining the WTO, a governance reformer warned yesterday.Robert Myers, a principal with the Organisation for Responsible Gov
Business start-up process in 50 per cent cut
The Government is aiming to “ease the pain of getting into business” through a February 5 launch that will cut this process by more than 50 per cent for some.Marlon Johnson, the acting Financial Secretary, told Tribune Business that the Government ha
Roadside auto dealers 'must pay fair share'
NEW auto dealers yesterday said they were not opposed to Japanese used vehicle imports, and only wanted roadside dealers to “pay their fair share”.Rick Lowe, the Bahamas Motor Dealers Association’s (BMDA) secretary, told Tribune Business that the sec
Gov't urged: 'Act like you care' and end clothing duty
THE Government has been urged to “act like you care” and eliminate import tariffs to allow Bahamas-based clothing and apparel retailers to survive.Robert Myers, the Organisation for Responsible Governance (ORG), told Tribune Business that high duty r
