Fishing regulations suspended after 40% booking fall
THE Government has suspended the flats fishing regulations after their “hasty crafting and poor implementation” was blamed for up to a 40 per cent fall in bonefish lodge bookings.
Aliv launches in Long Island
ALIV last Friday launched mobile services on Long Island, while also unveiling its store in Deadman’s Cay.Prior to the official opening, ALIV executives, staff and community members were invited to an official cocktail launch on April 19 at Lloyd’s S
Doubling fisheries exports is 'most insane concept'
AN environmental activist has branded a Cabinet minster’s call for the Bahamas to double its annual fisheries exports as “the most insane concept”, calling for him to instead focus on curbing poaching.Sam Duncombe, reEarth’s president, told Tribune B
Bahamas to send message: Banks 'cannot launder cash'
THE Central Bank wants to tell the world that the Bahamas’ international banking sector “cannot launder cash”, with virtually all institutions having ceased taking such deposits.The regulator, unveiling the results of an anti-money laundering/counter
Realtors in foreign agent crackdown
THE Bahamas Real Estate Association (BREA) is aiming to crackdown on foreign agents operating illegally in the Bahamas following its recent annual general meeting (AGM).The event, attended by almost 100 realtors from the near-700 member organisation,
Corporate taxation dumped in EU bill
The Government has stripped corporate taxation from its anti-blacklisting response, as a top attorney yesterday warned: “Time is not our friend.”Michael Paton, who co-heads the financial sector working group dealing with the European Union (EU) conce
Central Bank eyes digital B$ by 2021
THE Central Bank is aiming to roll-out a ‘test’ digital Bahamian currency by 2021, the Deputy Prime Minister disclosed yesterday, while slamming the banks for “forcing” electronic banking.K P Turnquest, in an address to the ComplianceAid Caribbean An
FINCO suffers 67% profits slump in Q1
ROYAL Bank of Canada’s (RBC) mortgage lending arm yesterday unveiled a 67 per cent year-over-year slump in 2018 first quarter profits as ‘bad credit’ woes continued to bite.Robert Johnston, Finance Corporation of the Bahamas (FINCO) chairman, told sh
Bahamas 'above average risk' over financial crime
THE Deputy Prime Minister yesterday hit out at “historical bias” against the Caribbean as it was revealed that the Bahamas presents an ‘above average’ risk for financial crime abuse.K P Turnquest, addressing the ComplianceAid Caribbean Anti-Money Lau
BPL: Shell bid process ‘transparent and fair’
BAHAMAS Power & Light’s (BPL) top executive yesterday defended Shell’s selection as its preferred generation partner as “transparent and fair”, revealing 50 per cent of bids offered long-term solutions.
Butterfield names top Bahamas executive
BUTTERFIELD Trust (Bahamas) has named Craig Barley as its managing director, with overall responsibility for the management and development of its business in this jurisdiction.Originally from the UK, Mr Barley was most recently chief executive of La
Bahamasair to launch Bimini fights on May 3
BAHAMASAIR will launch four weekly flights between Miami and Bimini on May 3, in a bid to generate extra airlift that will expand the tourism industry.The flight will take half an hour and use a 50-seater aircraft, the ATR 42. The service will leave
BPL: Near 90 renewable applications approved
JUST under 90 small scale renewable generation (SSRG) applications have been approved to-date, Bahamas Power and Light’s (BPL) chief executive said yesterday.Whitney Heastie added that the utility’s options outside New Providence were “wide open”, wh
Funeral homes: We're not Government fee 'enforcers'
FUNERAL directors yesterday expressed opposition to having to pay act as “enforcers” in collecting morgue fees, telling Tribune Business: “The Government should collect itself.”Several funeral directors, speaking with Tribune Business, said they had
IAN FERGUSON: Inspiring our men in the workplace
THE number of productive, engaged male employees in the Bahamian workforce has been declining rapidly for some years. Somehow, in the span of two generations, women have replaced men in most professional fields of endeavour. From medicine to educatio
