Activists to send ‘leak’ complaint to data watchdog
The Save the Bays activist group yesterday informed the data protection watchdog it will submit a formal complaint over the leaking of its private e-mails, once its own investigation and legal analysis is completed.
Small businesses push for Parliament march
Small business owners were yesterday said to be pushing for a march on Parliament, given that long-promised legislation to support and grow the sector was “collecting dust” within the Government.
Chamber readies Business Licence fee reform plans
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday said it was preparing recommendations for “across the board” changes to the Business Licence fee regime, which will “benefit” both the Government and private sector.
Correspondent exit threatens Bahamian ‘lifeline industry’
A former Cabinet minister yesterday warned that the global correspondent banking retrenchment was threatening “a lifeline industry” vital to the Bahamas’ economic welfare and the development of its middle class.
Chamber hopes VAT refund ‘backlog’ over
Chamber of Commerce executives are hopeful that the Government has cleared a self-confessed “backlog”of Value-Added Tax (VAT) refunds that was impacting business cash flows.
BOB admits to anti-laundering weakness
Bank of the Bahamas last year admitted to “deficiencies” in its anti-money laundering regime, and submitted an ‘action plan’ to address them to industry regulators.
BOB exposes ‘long overdue’ need for minority protection
Bank of the Bahamas’ predicament has again exposed the “long overdue” need for stronger legal safeguards to protect minority shareholders, the Chamber’s chairman is arguing.
Shake off global ‘wariness’, local investors urged
Bahamian investors were yesterday urged by a leading investment banker to better exploit the increased international investment opportunities opened up by the Central Bank’s exchange control liberalisation moves.
‘Protect BOB at all costs’
A Bank of the Bahamas shareholder yesterday backed the Government’s plan to force all new public service hires to open accounts with the bank, adding that it “must be protected at all costs”.
Business Licence fee ‘taxing firms into loss’
The private sector has hailed the International Monetary Fund’s (IMF) call to simplify a “non-progressive” Business Licence fee system that taxes companies into losses.
BOB told: Strengthen ties with private sector
Bank of the Bahamas (BOB) needs to become a reliable and supportive partner to Bahamians and international businesses as part of its recovery strategy, the Opposition’s finance spokesman believes.
Opposition backs IMF suggestions
The Opposition’s finance spokesman has backed calls by the International Monetary Fund (IMF) to both simplify the Bahamas’ tax structure and rein in government spending.
Financial services ‘burial’ fears over e-mail leaking
A financial services practitioner has warned that the industry suffered an “Easter burial” due to the disclosure of private e-mails in Parliament, branding the move “a Category 5 hurricane”.
Baha Mar bidders barred from talking to Sarkis and CCA
Bidders seeking to acquire the $3.5 billion Baha Mar project have been banned from speaking to Sarkis Izmirlian, his former executives and the project’s main contractor.
IMF: Bahamas must fill ‘half full’ economy
The Bahamas urgently needs “to identify where more fluid” is coming from following the ‘glass half full’ verdict on its economy delivered by the International Monetary Fund (IMF).
