Online focus must go beyond financial sector
A leading private sector executive yesterday praised the introduction of on-line company incorporation services at the Registrar General’s Department as a “tremendous advancement”, and called for more government services to be offered electronically.
Capital raisings may reach $400m in 2016
The Bahamian capital markets will be asked to raise between $300-$400 million in 2016, a leading investment banker predicted yesterday, although the growth rate for BISX’s share price index is likely to be slashed in half.
‘Harsh repercussions’ from US interest rate increase for Bahamas
The Bahamas could face “harsh economic repercussions” from the recent US interest rate increase, a well-known financial analyst warning it could spark a ‘chain reaction’ impacting this nation’s borrowing costs and external reserves.
BOB accused of ‘negligence’ on $154k transfers
Bank of the Bahamas has been accused of negligence in facilitating the unauthorised transfer of $154,000 from an account belonging to a commercial client.
Cable may launch mobile services via BTC network
Regulators are set to explore whether Cable Bahamas could launch its mobile services via the Bahamas Telecommunications Company’s (BTC) network as a temporary measure until its own nationwide infrastructure is built out.
Small business Bill ‘close off’ is urged
The Government and private sector were yesterday urged to finally “close off” work on legislation to revive the small business sector, a well-known consultant arguing: “Enough is enough.”
Cable TV price rise ‘sets bad precedent’
The Opposition’s deputy leader yesterday described Cable Bahamas’ recently-approved 27 per cent basic pay-TV price increase as “extremely generous”, arguing: “It sets a bad precedent.”
Atlantis enjoys ‘robust’ growth
Atlantis’s top executive yesterday said the resort had seen “robust” growth in business over the Christmas/New Year holiday period, telling Tribune Business that it was now eyeing a “very good first quarter”.
Central Bank urged: ‘Step in’ over BOB’s $100m loss
The Central Bank of the Bahamas has been urged to “step in and take control” of Bank of the Bahamas, after shareholders lost almost $100 million in two years.
‘Mind blowing’ crime concern for tourism
Business leaders fear “mind-blowing” crime levels are already undermining the Bahamian tourism industry, with one warning: “Everything else is just malarkey unless we tackle it.”
Regulator disputes Cable basic TV ‘shortfall’ claims
Despite ending Cable Bahamas’ four-year wait for a 27 per cent basic TV price increase, regulators are disputing its assertion that it still faces ‘a revenue shortfall’.
Gov’t in year-long aviation VAT ‘lapse’
The VAT Comptroller has admitted to year-long “lapses” on how the 7.5 per cent levy should be applied to foreign-bound aircraft, before delivering a ruling to spoil the private aviation industry’s New Year.
‘Come to Jesus’ moment on BOB
Irate shareholders believe the country needs “a Come to Jesus moment” over Bank of the Bahamas, whose near $100 million losses have again exposed why the Government must “get out of business”.
Supervalue boss: ‘Horrors’ ended by 7% Xmas jump
Supervalue’s owner yesterday revealed he “had the horrors” just before Christmas”, but quickly recovered after both his supermarket brands delivered a 7 per cent sales increase in the final week before the big day.
Jetpack entrepreneur beats three-year wait
The Bahamas’ first water-propelled jetpack operator is set to launch in early January 2016, after a nearly three-year wait for the necessary approvals.
