Senior accountants: Focus on taxation substance, not form
The Bahamas needs to focus on substance rather than obsessing over the most suitable form of taxation, senior accountants said yesterday.
Group teams with BTVI on renewable energy studies
A renewable energy group has agreed to donate a solar system to the Bahamas Technical and Vocational Training Institute (BTVI), and develop a curriculum for students leading to certification in solar energy.“We are really pleased to have someone of t
BTVI meets Minister on solar energy re-launch
Bahamas Technical and Vocational Institute (BTVI) team members met recently with the Minister of Environment and Housing ahead of plans to re-launch its solar training programme in 2018.Romauld Ferreira reiterated the Ministry’s mandate to increase r
Unified busing systemno transport 'panacea'
A Cabinet minister yesterday said a unified busing system will “not be a panacea” for New Providence’s transportation woes, as progress continues on this project.Frankie Campbell, minister of transport and local government, told Tribune Business: “Th
Financial sector needs ‘urgent quantum leap’
The Bahamas’ poor financial centre ranking is “clearly unacceptable”, a leading QC yesterday warning this nation does “not have the luxury” of a five-year fix.
Bahamas urged: ‘Make the case’ for extra airlift
The Bahamas must be “savvy” and “make the case” for extra post-Irma airlift that could fill the new capacity created by Baha Mar, the Minister of Tourism revealed yesterday.
‘One law for all’ call on BPL no disconnect list
The existence of a Bahamas Power & Light (BPL) ‘do not disconnect’ list threatens to undermine accountability and the concept of “one law for all”, a governance reformer warned yesterday.
Top QC: Regulatory regime ‘weighted against business’
The Bahamas’ regulatory regime is “heavily weighted against business”, a prominent QC yesterday warning: “We can’t tax our way out of economic problems.”
Moody’s: Irma damage to ‘test Bahamas ability’
Moody’s has warned that Hurricane Irma will “test the ability” of the Bahamas and other impacted nations to repair the damage and service debt over the next six to 12 months.
Bimini businesses face ATM, energy disruption
Bimini businesses were yesterday said to be eager to “get back up and running” in the aftermath of Hurricane Irma, despite continued electricity supply and ATM service disruption.Edward Reckley, the Bimini Chamber of Commerce president, and Under the
Bahamas must handle arbitration locally first
The Bahamas must show it can effectively perform Alternative Dispute Resolution (ADR) at the domestic level if it wants to be recognised as an international arbitration centre, an attorney said yesterday.Caryl Lashley, founder of Alternative Dispute
Downtown resort 'risks total failure and collapse'
A downtown Nassau resort “risks total failure and collapse”, its owner fears, after a dispute with its management company saw it “frozen out” of the hotel’s accounting and reservation systems.Sunset Equities, owner of the 201-room Courtyard by Marrio
Bahamians 'put out of business' if no lending, exchange control ease
Bahamian companies will be “put out of business” if exchange controls and bank lending rates are not relaxed before this nation enters liberalised trade regimes.Robert Myers, a principal with the Organisation for Responsible Governance (ORG), told Tr
Downgrade consequences 'too harmful to contemplate'
The Government “wholeheartedly agrees” with the IMF’s National Health Insurance (NHI) warning, a Cabinet minister saying: “We can’t spend money we don’t have.”Dr Duane Sands, minister of health, told Tribune Business that the Bahamas would “absolutel
New finance chief: 'Do more with less'
The newly-appointed Financial Secretary sees the Bahamas’ strained finances as “an opportunity” rather than a challenge, as the Government borrowed a further US$250 million.Marlon Johnson told Tribune Business that the syndicated loan taken out on Se
