Oil explorer's boost for 'faster' farm-in partner conclusion
A Bahamas-based oil explorer’s push for a “faster” conclusion to its joint venture partner search has been boosted by industry developments impacting the Caribbean.Simon Potter, Bahamas Petroleum Company’s (BPC) chief executive, told Tribune Business
General insurers fear Govt 'over-regulation'
Bahamian general insurers fear the Government will “over-regulate a risk that doesn’t exist” with proposed changes to anti-money laundering regulations.Senior executives told Tribune Business they wanted to ensure the Minnis administration “thinks be
Hotel Corp bids to 'aggressively sell' last resort property
The Hotel Corporation is moving “to aggressively sell” its last-remaining resort property, and complete the 25-year process to cease Government ownership in the hotel industry.Dionisio D’Aguilar, minister of tourism, told Tribune Business that the Go
Bran: BPL, Water no disconnect lists a ‘damn disgrace’
The Democratic National Alliance’s (DNA) leader has slammed as a “damn disgrace” the ‘do no disconnect’ lists at BPL and the Water & Sewerage Corporation, recalling how one of his businesses was almost cut-off over a $100 balance.
Bahamas takes STEP to boost its presence
More than 25 Bahamians were present at the Society of Trust and Estate Practitioners (STEP) annual Latin America (LATAM) conference last week, which was sponsored by the Ministry of Financial Services and Bahamas Financial Serviced Board (BFSB).The
Revised GDP numbers no cause for rejoicing
A top accountant yesterday said there was no rejoicing in the Bahamas’ “positive but lacklustre” 0.2 per cent GDP growth in 2016, arguing that 4-5 per cent nominal annual expansion is needed to dent unemployment.Gowon Bowe, the Bahamas Institute of
Irma gives Acklins reform opportunity
There has been much talk, in the wake of Hurricane Irma’s destruction, about the current state of the southern Family Islands and their future development prospects. Salina Point in southern Acklins was particularly hard-hit by the storm, with evacua
Price Commission sends 'gouging' report to the AG
The Price Commission has forwarded its report on complaints of pre-Hurricane Irma price gouging ahead to the Attorney General’s Office, its chairman has confirmed.“We forwarded our findings to the AG’s Office, and we are awaiting a review from them b
AG: Bahamas ‘in danger’ over money launder flaws
The Attorney General yesterday slammed deficiencies in this nation’s anti-money laundering regime as “entirely unacceptable”, warning they had put the Bahamas “in great danger”.
Bran grounded by aviation red tape
The Democratic National Alliance’s (DNA) leader yesterday revealed that his family’s aviation investment had been grounded by the year-long failure to obtain the necessary permits.
Govt targets $90m cruise passenger spending boost
The Government is targeting a near-28 per cent increase in cruise passenger spending yields to generate an extra $90 million in annual tourism revenue, a Cabinet Minister said yesterday.
AG blasts Christie Govt for Save the Bays ‘overreach’
The Attorney General yesterday accused the former Christie administration of “overreach” by appearing to target Save the Bays with new non-profit organisation regulations.
RBC: Loan activity fall drives fee rises
A Royal Bank of Canada (RBC) executive yesterday said competition and demand have driven it to a digital banking platform, with 23,000 clients in the Bahamas already using its banking app.
Minister promises 'revolutionary change' over ease of business
A Cabinet Minister yesterday promised the Minnis administration will deliver “revolutionary changes” to improve the ease of doing business, adding: “We can’t maintain the status quo.”“This government understands that the ease of ‘doing business’ has
Opposition rejects IMF's income tax
The Opposition’s finance spokesman yesterday demanded “less talk and more action” from the Government, while affirming his party is against the IMF’s income tax proposal.Chester Cooper, addressing the House of Assembly on the ‘Speech from the Throne’
