'No difficulty' if web shops only banking option
A TRADE union leader yesterday said he had “no difficulty” with web shops providing financial services if commercial bank pull-outs meant they were “the only option” on some islands.Obie Ferguson, the Trades Union Congress (TUC) president, told Tribu
Attorney's bid to reclaim $320,000 deposit quashed
A BAHAMIAN attorney’s bid to reclaim a $320,000 deposit from a failed real estate transaction has been rejected by the Court of Appeal, which found the earlier verdict “unassailable”.Gregory Cottis, who acted for the purchaser in a $6.4 million deal,
Moody's exposes accounting games played on fiscal deficit
MOODY’S will likely stoke fresh political controversy over the Government’s 2016-2017 deficit through its revelation that both parties’ figures are accurate - from a certain point of view.The rating agency, in its October 24 assessment of the Bahamas
QC warns on 25% withhold tax over Grand Bahama Power buy-out
AN outspoken opponent of the GB Power Company buy-out yesterday alleged there was shareholder “uproar” over the revelation that Emera dividends will be subject to a 25 per cent ‘withholding’ tax.
ART OF GRAPHIX: The document format that keeps on creating
IF you have ever downloaded a printable form or document from the Internet, there is a good chance it was a PDF file. ‘PDF’ is short for Portable Document Format, and is easily identified because all such files end in .pdf.In 1991, Adobe co-founder D
Commission executiveseconded to US's SEC
The Securities Commission has seconded one of its managers to its US counterpart, the Securities and Exchange Commission (SEC), in Washington DC.Christian Adderley, deputy manager in the Securities Commission’s policy and compliance unit, will serve
Phase II of Pointe 'is moving nicely'
Phase II of the $250 million Pointe project is now underway and is expected to be complete by the end of 2018, the spokesman for the development Leslie Pindling told Tribune Business yesterday.The new phase of the project will encompass the developme
Lottery terms need defining and the web shops could help
A prominent web shop operator said yesterday the parameters of what would constitute a national lottery need to be clearly defined as the term is ‘very vague’, arguing such schemes have not proven to be successful in the Caribbean.Craig Flowers, the
Public health service needs total reform
STRENGTHENING the public health care system is a key step towards realising ‘comprehensive’ health care reform in this nation, the Bahamas Insurance Association’s (BIA) chairman said yesterday, noting the poor state of this nation’s public healthcare
Bahamas Striping steals the spotlight
A LOCAL striping company has snagged the cover of Sustainable Business Magazine, a UK based publication which focuses on ways in which companies meet 21st century challenges, roll out new initiatives and cutting edge projects all the while operating
Pricewaterhouse Coopers executives pay courtesy call on Minister of Labour
EXECUTIVES of Pricewaterhouse Coopers, one of the country’s leading and trusted professional services firms have paid a courtesy call on the Minister of Labour, Senator the Hon. Dion Foulkes at the Ministry of Labour on Shirley and Charlotte Streets.
Eight jobs to go as BOB axes branches
Bank of the Bahamas (BOB) yesterday announced it will shut down its Exuma branch and not reopen its Eight Mile Rock Branch effective December 31, with the moves to impact eight jobs.BOB said in a statement yesterday its Board of Directors has taken t
The magnificent seven
VOTES were placed, results were tallied and The Bahamas can now boast seven resorts in the Condé Nast Traveler Top Resorts in The Bahamas, Bermuda and Turks and Caicos Readers’ Choice Awards list.For the second consecutive year, Kamalame Cay claims t
Closures show banking system 'doomed to fail'
THE commercial banking model needs to be adjusted to suit the needs of the local economy particularly in the out islands, a Chamber of Commerce president said yesterday suggesting the current model is ‘doomed to fail’.Pedro Rolle, the Exuma Chamber o
No 'quick fix' for fishing industry post Irma
BAHAMIAN fishermen are in the process of ‘quantifying their losses’ and take advantage of the exigency order issued earlier this month, the Bahamas Commercial Fisher Alliance (BCFA) president told The Tribune yesterday warning their post Hurricane Ir
