‘Running in quicksand’: BPL bond no cure-all
Bahamas Power & Light’s (BPL) proposed $650 million refinancing is “not the panacea” for this nation’s energy woes, which the private sector likened to “running in quicksand”.
DPM acknowledges tax exchange 'fall-out'
The Bahamas has no choice but to comply with international tax information exchange standards if it is to avoid ‘blacklistings’ and other negative impacts for the financial services sector.K P Turnquest, the Deputy Prime Minister, told a Securities C
Financial services 'challenged' to grow
Global pressures continue to impact the Bahamian financial services industry, the Deputy Prime Minister saying it remains” challenged to maintain and grow market share”.K P Turnquest told a Securities Commission industry briefing that while wealth co
Nassau/PI resorts in booking rebound
Bahamian resorts say they have already begun to see bookings rebound post Hurricane Irma, with one executive predicting an even bigger boost as travellers re-book.Ed Fields, Atlantis’s senior vice-president of public relations, told Tribune Business:
Irma deals 'big blow' to crawfish season
Hurricane Irma has dealt a “big blow” to the crawfish season, the Bahamas Commercial Fishers Alliance’s (BCFA) president warning of a “very tough Christmas” if the industry cannot recover.“Hurricane Irma dealt a bit of a blow to us,” said Adrian LaRo
Income tax is NOT ruled out
The Government has not ruled out implementing an income tax, the Deputy Prime Minister revealing yesterday: “We have to consider all options.”
Businessmen slam IMF’s ‘disastrous’ income tax plan
Bahamian businessmen yesterday slammed the IMF’s income tax proposal, demanding: “Don’t even talk to us about more taxation until the Government’s cleaned its house.”
Income tax ‘hard sell’ in Bahamas
Income tax will be “a hard sell” in the Bahamas, a former finance minister predicted yesterday, warning: “This country was built on tax evasion.”
Non-profit’s $15-$20m boost for Eleuthera
A Bahamian non-profit organisation has injected $15-$20 million into south Eleuthera’s economy since 2008, and is now setting its sights on expansion.
BISX criticised: ‘Not a productive exchange’
The Bahamas International Securities Exchange’s (BISX) low equity listings and trading volume are “not the sign of a productive exchange”, a financial analyst charged yesterday.
IAN FERGUSON: Companies must understand the value of human resources
The role of human resources professionals is growing rapidly. Businesses small, medium and large understand more clearly the value of well-trained practitioners in the smooth and efficient running of their operations. If a company’s human resources team functions akin to the nucleus of a cell, then the well-being of the cell, tissues, organs, systems and body on the whole depend heavily on the strength and resilience of the nucleus.
‘Substantial’ changes to Investment Funds law
The Securities Commission yesterday said it expects “substantial and substantive” legislation governing Bahamas-domiciled investment funds, with the initial draft set for completion in the next several weeks.
Capital markets need ‘education of masses
The Bahamas must improve financial literacy to take its capital markets to the next level, the Bahamas Institute of Chartered Accountants (BICA) president said yesterday.
Bahamas must have income tax, says IMF
THE International Monetary Fund (IMF) last night demanded that the Government take “decisive fiscal consolidation” measures, including the introduction of a low-rate income tax.
Irma exposes ‘dire need to put our house in order’
Hurricane Irma has reinforced “the dire need” for the Bahamas to put “its fiscal and economic house in order” before a similar storm strikes, a governance reformer warned yesterday.
