$300m boost if murder rates at global avg
The Bahamas could enjoy a $300m boost to annual economic growth if murder rates were reduced to world average levels, the International Monetary Fund (IMF) has projected.The Fund, in its latest Western Hemisphere economic outlook, also found that bet
Insurance industry mourns passing of former Summit chair
The Bahamas Insurance Association (BIA) is mourning the passing of industry veteran, and former chairman, Colin Jones.
WTO's 'red lines' impossible to set
Business cannot advise the Government on where to set the WTO “red lines” because of an information vacuum, the Chamber of Commerce’s chairman warned yesterday.
Economy's 'blood supply choked' by Customs proof of exchange control
The private sector yesterday hailed the Government’s decision to abolish a Customs demand that would have “choked off the blood supply” of the Bahamian economy.Robert Myers, pictured, the Organisation for Responsible Governance’s (ORG) principal, tol
Bahamas 'sleepwalks' towards WTO future
An ex-Port Authority (GBPA) attorney yesterday blasted the private sector for “sleepwalking” towards WTO membership, saying he was “astounded” by its “full panic mode” reaction.Carey Leonard told Tribune Business he was “frustrated” by the business c
Companies warned: Don't lay out 'hacker red carpet'
Bahamian businesses were yesterday warned that they are effectively “laying out the red carpet” for hackers if they do not take cyber threats seriously.Mike Maura, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman, while
Bahamas targets seat on global telecom body
Campaigning for The Bahamas to obtain on the International Telecommunications Council (ITU) is among the sector regulator’s priority projects for 2018.The Utilities Regulation and Competition Authority (URCA), in its recently-released 2017 annual rep
PwC teams with Gov't for forensics workshop
PricewaterhouseCoopers (PwC) Bahamas teamed with the Attorney General’s Office on an initiative to boost the forensic and technical capabilities of local regulators.The accounting firm brought in several leading executives from its regional and globa
WTO's 'red lines' impossible to set
Business cannot advise the Government on where to set the WTO “red lines” because of an information vacuum, the Chamber of Commerce’s chairman warned yesterday.Michael Maura, pictured, told Tribune Business that the private sector was unable to deter
Police must 'recruit by need' on cyber crime
The Royal Bahamas Police Force (RBPF) needs to “build capacity” to handle cyber crimes, a Cabinet Minister said yesterday, adding: “We need to recruit based on needs and not numbers.”Marvin Dames, minister of national security, who was the keynote sp
Sebas finally wins planning battle
Sebas Bastian yesterday cited Town Planning’s rapid six-day “U-turn” on his $50m office complex as “proof of my suspicions” that he was being treated unfairly.
BTC owner predicting 'light at end of tunnel'
The Bahamas Telecommunications Company’s (BTC) ultimate owner yesterday said there was “light at the end of the tunnel” in its battle to fight off Aliv’s competitive threat.Balan Nair, Liberty Latin America’s chief executive, told a conference call i
Customs drops new demand following business pushback
The Government has dropped demands for Bahamian importers to supply proof of exchange control approval for each Customs entry following an outcry from furious businesses.Marlon Johnson, pictured, the Ministry of Finance’s acting financial secretary,
Web shops: Up to 50,000 gambling
Web shops yesterday estimated that between 30,000-50,000 Bahamians engage in gambling, as the sector formally launched its anti-addiction initiative.The Bahamas Gaming Operators Association’s (BGOA) Responsible Gaming and Addiction Prevention Program
Margin squeeze means Summit won't peak in '18
A Bahamian insurer yesterday said it is unlikely to match last year’s 173.4 per cent profit increase due to a “margin squeeze” imposed by increased reinsurance costs.Timothy Ingraham, Summit Insurance Company’s president, told Tribune Business that t
