Non-profit ‘stress’ over Govt’s grant demands
The Government was yesterday warned not to treat non-profit organisations “like businesses”, although a civil society advocate said the sector was not necessarily opposed to greater regulation.
Mixed non-profit reaction to Registrar General demands
Non-profit organisations yesterday gave mixed reactions to the Registrar General’s demand that they produce their financial statements, with some saying they had “nothing to hide” and others arguing it would be easier to “wind-up”. Leslie Vanderpool,
BISX prices go in opposite direction to global indices
Listed share prices on the Bahamas International Securities Exchange (BISX) continue to move in the opposite direction to their global counterparts, with the exchange’s All-Share Index down 3.78 per cent for the half-year.The Index, which only measur
Foreign debt breaching ex-minister's 25% 'goal'
Foreign holdings of the Bahamas’ sovereign debt are higher than “the manageable range” targeted by a former finance minister, who fears this could increasingly drain the external reserves.James Smith, also an ex-Central Bank governor, told Tribune Bu
Doctor non-payment complaints 'won't be last' NHI problem
The Minister of Health yesterday admitted that doctors’ complaints about not being paid by National Health Insurance (NHI) are “unlikely to be the last” revelation concerning the scheme’s woes.Dr Duane Sands told Tribune Business that private doctors
Realtors: 'The recession has finally disappeared'
Major Bahamian realtors are reporting a “significant uptick” in business for the 2017 first half, with one telling Tribune Business: “The recession is finally gone.”John Christie, H. G. Christie Ltd’s chief executive, said the company was enjoying “o
Freeport abused as 'smuggling gateway'
The Minister of Finance says the Government will soon extend its crackdown on tax cheats to Grand Bahama, arguing that Freeport was being “used as a smuggling gateway to the rest of the Bahamas”.K P Turnquest told a Grand Bahama Chamber of Commerce l
Use poor cyber rating to become 'top of food chain'
The Bahamas should use its “near bottom of the pile” cyber security ranking as motivation to become a “top of the food chain” hub for the global information and communications technology (ICT) industry.Edison Sumner, the Bahamas Chamber of Commerce a
JetBoat operator aims to match Disney experience
A newly-launched water adventure ride is aiming to expand and diversify the tourism product, having already received “overwhelmingly positive” feedback. Davia Saunders, Bahamas JetBoat’s manager, told Tribune Business that the company - whose officia
Iowa fiasco: Web shop patrons took 'no chance'
A web shop operator yesterday said it was not uncommon for players to attempt to ‘game the system’, asserting that the Iowa/Indiana lottery fiasco amounted to customers having “insider information”.“The customers should not get paid in this particula
Minister admits NHI wide open to fraud
The Minister of Health yesterday admitted that the National Health Insurance (NHI) scheme’s “non-existent checks and balances” have left taxpayers totally exposed to fraud and other financial abuses.
Non-profits slam Registrar General's 'bizarre' demands
The Registrar General’s demand for hundreds of Bahamian non-profit organisations to produce their annual financial statements was yesterday branded “crazy” and “bizarre”, with some pledging to resist. Paul Moss, a well-known financial services execut
Bahamas 'must do more'to combat cyber crime
The Bahamas must “recognise we’re not doing enough” to combat cyber criminals, the Chamber of Commerce’s chairman yesterday revealing the threat had given him several “wake-up calls”.Michael Maura, who is also Arawak Port Development Company’s (APD)
NAD mulls RFP for airport hotel
Lynden Pindling International Airport’s (LPIA) operator yesterday said the development of a 100-120 room hotel could be opened to all-comers via a Request for Proposal (RFP), after the initial developers elected not to “pursue” the project.Vernice Wa
NAD eyes solar to slash airport's $6.5m energy bill
The Nassau Airport Development (NAD) company is preparing to issue a request for information (RFI) on proposals for a solar PV system, in a bid to reduce the Lynden Pindling International Airport’s (LPIA) annual $6.5 million energy bill. Vernice Walk
