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.
Govt wants ‘zoning’ triggers for regional hurricane payouts
The Government wants to renegotiate the way payouts from a Caribbean disaster insurance facility are triggered by dividing the Bahamas into zones, it was revealed yesterday.
‘Extreme concern’ over Grand Lucayan silence
A Freeport attorney yesterday said he was “extremely concerned” about the Government’s renewed silence on the Grand Lucayan, urging: “They’ve got to take the bull by the horns.”
Some ‘leading stores’ on price gouge list
The Price Control Commission’s (PCC) chairman yesterday said some “leading supermarkets” will be included in its report to the Government on pre-Irma ‘price gouging’.
Irma hits 80% of Bahamas’ marina market
Bahamian marinas are concerned that Hurricane Irma’s strike on Florida could impact 80 per cent of their market, although most reported no storm-related damage themselves.
Resort boost occupancy via 40% price reduction
Sandyport Beach Resort is using a 40 per cent room rate reduction promotion to boost occupancy during the slowest part of the Bahamian tourism season.Cheralda Arnett, its assistant manager, said the website promotional code-word ‘secret’ unlocks the
Bahamas improves in financial centre rankings
The Bahamas Financial Services Board (BFSB) yesterday touted this nation’s improvement in an index of global financial centres, even though it remains adrift of major Caribbean rivals.The 22nd Global Financial Centres Index (GFCI), published by Z/YEN
Budding entrepreneurs discover fertile landscape
Getting fired was the best thing that ever happened to Marc-Arnold Christophe and Ryan Ferguson.Their terminations gave them the freedom and spark to launch their own business, True Green, a landscaping company.The 23-year-olds met in 2012, at their
Minister queries BuildCode enforcement
The Minister of Works yesterday said he will review the Building Code and its enforcement, as many Irma-demolished buildings were not built to withstand hurricane force winds.Desmond Bannister told Tribune Business that he was “very concerned” follow
