Investment Funds Bill to plug 'gaps'
THE new Investment Funds Bill will address “substantive legislative gaps” that left the Bahamas compliant with just one out of five global regulatory principles.K Peter Turnquest, the Deputy Prime Minister, yesterday said the regulatory overhaul - de
Insolvency Association focusing on education
BAHAMIAN accountants and attorneys have teamed to form the Restructuring and Insolvency Specialists Association (Bahamas) (RISA Bahamas”).The Association has been formed as a professional body for persons practicing restructuring and insolvency in th
Tourism officials brief US teams
SENIOR Ministry of Tourism officials met with their US and Canadian sales teams recently to outline 2018 business plans and priorities at a three-day seminar.Joy Jibrilu, the Ministry’s director-general (DG), led officials who met with personnel base
IAN FERGUSON: Saving Christmas by being prudent
CHRISTMAS is typically the season where Bahamians and people throughout the world disregard savings patterns and fiscally responsible spending, exchanging such behaviour for impulse buying and the satisfaction of extensive wish lists. One only needs
Govt's 'greater teeth' for corruption battle
The Attorney General yesterday said law enforcement will gain “greater teeth” to target civil servants, politicians and their relatives, and criminals living beyond their legitimate income.Carl Bethel QC told Tribune Business that the Unexplained Wea
'No celebration' as deficit shrinks 22%
The 22 per cent reduction in the Government’s first quarter deficit was “exactly what we want to see”, a governance reformer said yesterday, while warning celebrations are premature.Robert Myers, a principal with the Organisation for Responsible Gove
WTO may provide ‘the tools to fight’ EU/OECD listings
JOINING the World Trade Organisation (WTO) may give the Bahamas “the tools to fight” initiatives unfairly targeting its financial services industry, the Deputy Prime Minister said yesterday.
Bahamas at 'disadvantage' over EU's taxation focus
THE Bahamas is at “a disadvantage” in dealing with international regulatory initiatives that appear designed to restrict its competitiveness, the Deputy Prime Minister said yesterday.K P Turnquest told Tribune Business that the European Union (EU), i
Bank exits with just 'hint of blacklisting'
THE Bahamas could lose a number of bank and trust companies with just “a hint of blacklisting”, a Cabinet Minister warned yesterday, adding that the Government wanted “the best possible deal” for the sector.Brent Symonette, minister of financial serv
Bahamian non-profit teams for UN tourism presentation
A BAHAMIAN non-profit organisation teamed with a university lecturer to present a paper at the United Nations’ World Tourism Organisation (WTO) conference. Shaun D. Ingraham, the One Eleuthera Foundation’s (OEF) chief executive, and Elizabeth Mackay,
Maritime Authority 'confident' of growth despite downturn
THE Bahamas Maritime Authority (BMA) is “confident” it will enjoy growth in 2018 despite the current “downturn” in market conditions and increased competition from other registries. The BMA, in its 2017 annual report, said its income had increased sl
Eleuthera Foundation unveils its new Board
THE One Eleuthera Foundation (OEF) has unveiled a new Board that will be chaired by ex-Cabinet minister Alfred Sears QC.Mr Sears was chosen to replace outgoing chairman, Felix Stubbs, during a meeting on Saturday, October 28, in Rock Sound, Eleuthera
'No choice' but to comply with EU
THE Bahamas has “little choice” but to comply with the European Union’s (EU) demands given its economic model, the Deputy Prime Minister said yesterday. K P Turnquest, who tabled three Bills that will enable the Bahamas to adopt the multilateral appr
Port chief brands Nassau Harbour repairs 'non-issue'
Nassau Harbour’s deteriorating breakwaters are “no cause for alarm”, a senior official said yesterday, even though a Cabinet Minister has described repairs as “an absolutely critical project”.Captain Cyril Roker, the Port Department’s controller, dow
Irma helps Bahamas escape EU blacklist
THE Bahamas was yesterday warned not to “rest on our laurels” after it escaped the European Union’s (EU) ‘blacklist’ largely thanks to Hurricane Irma.While the financial services industry and wider economy “dodged a potential bullet”, this resulted f
