Regulator won’t ‘price control’ banking fees
The Central Bank will not intervene to cap or “price control” commercial bank fees, its governor has revealed to Tribune Business.
Property Fund ‘nowhere close’ to rental targets
The BISX-listed Bahamas Property Fund says occupancy rates at its two flagship properties are “nowhere close to where we’d like to be”, after it incurred a $1.545 million net loss for 2015.
Maintaining quality requires more people, says Standards Bureau chief
THE Bahamas Bureau of Standards and Quality (BBSQ) is hoping to increase its staff compliment by at least 15 in the coming months and looking at adding at least 100 plus inspectors in the next three years, The Tribune has been told.
Call for firms to have mandatory redundancy funds
A TRADES union leader and attorney has reiterated calls for Bahamas-based companies to be mandated to establish a redundancy fund.
Bahamas ‘land fraud’ sparks furious battle
The battle over an alleged Bahamas real estate fraud hit new heights yesterday, as international investors pushed for a summary judgment to recover outlays worth tens of thousands of dollars.
Bahamas ‘just too murky’ on land buying
An alleged land fraud victim yesterday said he would never again seek to acquire Bahamian real estate because the process was “too murky”.
Deal was to ‘save my life savings’
The alleged victims of a Bahamas real estate fraud were yesterday labelled “a group of spoiled rich kids”, who were seeking to extort money from the vendors via ‘blackmail’.
Chamber chair urges greater minority investor safeguards
The Bahamas needs to implement greater minority investor protection, with the Chamber of Commerce’s chairman arguing that too many were content to “ride along” with the majority.
Don’t ‘capitulate’ on our financial services
The Bahamas was yesterday urged not to “capitulate” over its financial services industry, with one practitioner refuting the former prime minister’s belief that the sector is beyond “salvaging”.
IAN FERGUSON: Don’t ignore the vacation benefits
Amid the hustle and bustle of the workplace, employees often overlook and underestimate the importance of vacation. Statistics show that, annually, the average employee leaves many vacation days and weeks unused. There are even those who pride themselves on not taking vacations. Though dedication to your profession is wonderful and commendable, we as humans require rest, and there are ample benefits to taking a vacation.
Airline bookings up through October
Advanced bookings on flights into the Bahamas have risen “over and above’ last year’s numbers straight through October, a top tourism official adding that this nation “still has a product to promote” despite the stalled Baha Mar project.
Investment Funds overhaul moving
The Securities Commission’s executive director yesterday said work was “progressing” on the overhaul of the Investment Funds Act, although she was unable to provide substantive details on the reforms.
NHI threatens 20% rise in doctor costs
The Government’s proposed National Health Insurance (NHI) scheme threatens to increase doctors’ costs by “at least 20 per cent”, amid competing proposals to reform the profession’s relationship with insurers and the Government.
Bahamian economy ‘as low as it can go’
The Bahamian economy has “gone as low as it can go”, with the Chamber’s chief executive yesterday conceding that progress on improving the ‘ease of doing business’ was not happening “as fast as we’d like”.
‘Tragedy’ for regulation to force business closure
The Chamber of Commerce’s chief executive yesterday said it was “a tragedy” if government regulations forced business closures, as he again called for “market forces to prevail” over price controls.
