Venture fund struggles with equity investing
The Government-sponsored venture capital fund’s chairman yesterday said it had not enjoyed great success with its equity investments, which represent around 40 per cent of its portfolio.
Controversial developer in residency revocation
Jubilant property owners at Exuma’s controversy-plagued Oceania Heights project are celebrating “a new beginning” after the Government this weekend revoked the residency status of its original developer.
FNM’s VAT plan ‘totally misguided’
The FNM’s Value-Added Tax (VAT) ‘exemptions’ plan has been slammed as “completely misguided” by a well-known businessman, who said the private sector had previously “put to bed” all arguments over the Bahamas’ model.
Gov’t urged: Waive $100 fine on earlier Business Licence date
The Government has been urged to waive the $100 fine imposed on companies who missed the initial end-January 2016 Business Licence filing deadline as “a goodwill gesture”, as queries and “confusion” persisted up till last week’s payment cut-off.
Bahamas’ ‘dead wrong’ model highlighted by Panama papers leak
The massive document leak from a Panamanian law firm should serve as a wake-up call for the Bahamas to alter its “dead wrong” financial services model, a Bahamian executive charged last night.
Exchange control reforms encourage asset repatriation
The private sector believes the Central Bank’s latest exchange control liberalisation moves have “gone a long way” to encouraging Bahamians to repatriate foreign assets and related earnings.
‘Believe it when I see it’ investment attitude
While there are some indicators that the Eleuthera economy is headed in the right direction, the island’s Chamber of Commerce chief says many residents have adopted a “believe it when I see it” attitude to development promises.
Emphasise ‘robust regulation’ to halt correspondent loss
The Bahamas’ “robust regulatory framework” and favourable ratings by international watchdogs should encourage correspondent banks to maintain relationships with this nation’s financial institutions, a well-known compliance officer believes.
Vacation rentals drive Eleuthera’s economy
The vacation rental business is the largest driver of Eleuthera’s economy, with the island’s Chamber of Commerce president estimating that 70 per cent of visitors come from the North American market.
Bahamian group offers ‘win-win’ landfill plan
A reformed Bahamian consortium yesterday revealed it has submitted a proposal to divert 25 per cent of the existing waste streams away from the New Providence landfill, describing the plan as “a win-win” for all stakeholders.
E-mail leak spooks doctors over NHI
The Save the Bays e-mail controversy has further spooked doctors already worried about provisions in the draft National Health Insurance (NHI) Bill that seemingly jeopardise patient confidentiality and data protection.
Resort lay-offs raise query over $110m expansion
The Opposition’s deputy leader yesterday questioned why the Government kept touting a purported $110 million expansion at the Deep Water Cay resort when it had just terminated nine staff.
Mobile rival can ‘roam’ BTC for first three years
Regulators are proposing to allow the Cable Bahamas-managed second mobile operator to deliver services via the rival Bahamas Telecommunications Company’s (BTC) for a three-year period until its own infrastructure is built out.
Regulators propose BTC connect change
Regulators are proposing that the Bahamas Telecommunications Company (BTC) change its standard interconnection offer to rival carriers to facilitate upcoming mobile market competition.
Rivals slam ‘pie in sky’ FNM VAT exemptions
The Opposition’s leader yesterday pledged to “stick with” his Value-Added Tax (VAT) ‘exemptions’ plan, despite strong criticism from the International Monetary Fund (IMF) and political rivals, one of whom urged him to “stop talking fool”.
