Commission clarifies crowdfund uncertainty
The Securities Commission (SCB) yesterday addressed uncertainty over its proposed crowdfunding rules by defining what qualifies as a small or medium-sized business.
Aliv’s $30m offering to be ‘well oversubscribed’
Advisers to the Bahamas’ second mobile operator yesterday predicted its just-launched $30 million bond offering “will be well oversubscribed”, amid expectations it will start generating a profit by 2019.
Optimism rises on ‘palatable outcome’ for labour reforms
The Chamber of Commerce’s chairman yesterday expressed optimism that private sector representatives were making progress towards “a palatable conclusion” over the labour law reform controversy.
BISX moving ‘swiftly’ on crowdfund platform
The Bahamas International Securities Exchange (BISX) yesterday said it planned to move “swiftly” on developing a market model to support the Securities Commission’s crowdfunding ambitions.
Govt requires 30 extra officers for web shop zoning
The Minister of Tourism yesterday acknowledged that the Gaming Board needs at least 30 more officers to properly enforce the zoning regulations for the web shop industry.
Govt urged: ‘Clarify’ overfly deal with US
A Bahamian airline operator yesterday urged the Government to clarify its ‘declaration of intent’ with US aviation regulators, welcoming any move that would ensure “we stop paying rent for the use of our house”.
BAMSI chief pledges meat, poultry revival
The Bahamas Agriculture and Marine Science Institute (BAMSI) is getting set to release its Agribusiness 2021 plan, which its president yesterday pledged will put Bahamian agriculture “on a path to sustainability”.
Super Value chief: No major impact from Brazilian ban
Super Value’s owner yesterday said the Government’s ban on all Brazilian meat imports was unlikely to have a major impact on Bahamian food stores adding his company only imports corned beef from that nation.
Web shops gaining ‘unfair advantage’ in other sectors
Opposition politicians yesterday voiced fears that web shop operators may be using pre-legalisation profits to gain “an unfair advantage” over competitors in other Bahamian industries.
Food store surprise at Brazil meat ban
Bahamian supermarket chains were surprised yesterday by the Government’s decision to place an immediate ban on all meat imports from Brazil, in the wake of a health and corruption scandal impacting that nation’s export processing industry.
CCA ‘moved mountains’ for Baha Mar opening
Baha Mar’s main contractor was yesterday said to have “moved mountains” to ensure the project received its first phase temporary Certificate of Occupancy (TCO) on deadline, with outstanding code items able to be “counted on one hand”.
Oil explorer in 12-month well drill extension
The Government yesterday extended the deadline for an oil exploration company to drill its first Bahamas test well by 12 months to April 2018, giving it extra time to comply with its new regulatory regime.
Unions: Employer wage freeze threat ‘laughable’
Trade union leaders said yesterday they were not surprised by the employer resistance to the proposed labour law reforms, and dismissed fears of wage and hiring freezes as “laughable”.
SUPERGREEN SOLUTIONS: Purifying the landfill smoke
It is amazing what people can get used to. I was speaking with a government official last week who is involved in the restoration work in Jubilee Gardens.
Atlantis ‘very concerned’ on labour reforms impact
Atlantis last night said it was “extremely concerned” over the Government’s proposed labour law reforms, saying they represented “an intrusion” into companies being able to run their businesses.
