Govt set to publish 'open web shop' list
The Government is preparing to post a list of web shops that have qualified to remain open during the transition to a legalised industry, the Minister of Tourism said yesterday.
BoB reporting ‘integrity’: 12-month validation sought
The Central Bank was so concerned about the accuracy and “integrity” of Bank of the Bahamas’ regulatory reporting that it demanded Ernst & Young “validate” all materials submitted to it for 12 successive months.
Rubis, operator blame each other for gasoline leak
Rubis (Bahamas) and the operator of its Robinson Road gas station are both resisting Cable Bahamas’ efforts to obtain a summary judgment against them, while blaming each other for the massive gasoline leak that sparked the initial $15 million claim.
RBC agrees $35m fine over scheme involving Bahamas
Royal Bank of Canada (RBC) has agreed to pay a $35 million civil fine to US regulators over a “massive wash trading scheme” that involved its Bahamas branch.
Shareholders: BoB 'indifferent' to top-level change
Disgruntled Bank of the Bahamas shareholders are complaining their demands for sweeping Board and management changes have been met with complete indifference, with Thursday’s annual general meeting (AGM) doing little to inspire confidence in an immediate financial turnaround.
Investor demands 50% BoB director fee cut
An outspoken Bank of the Bahamas shareholder has demanded that its directors’ fees be cut by 50 per cent, branding them as “excessive given that the bank loses oodles of money”.
BoB chief 'fully endorses' minority Board directors
By NEIL HARTNELL
US change may open Cuba for Bahamians
By NATARIO McKENZIE
Bahamians receive BORCO certificates
A further 15 Bahamians are fully certified to work at the Bahamas Oil Refining Company (BORCO) after completing an 18-month training course.
NAD progressing on traveller processing
The Nassau Airport Development Company (NAD) says it is making significant progress in implementing its new automated passport control (APC), which aims to speed up customs and immigration processing for US-bound travellers.
Bahamas boosts its honeymoon offering
The Bahamas is offering a white label honeymoon registry program to couples for a free account, allowing them to create a registry for their wedding or honeymoon in this nation.
S&P’s higher deficits on VAT ‘uncertainties’
Standard & Poor’s (S&P) has agreed that there are “indeed uncertainties” surrounding Value-Added Tax (VAT) implementation, and is less optimistic than the Government in projecting a 3 per cent fiscal deficit for 2015-2016.
Private planes give Bahamas $388m boost
Nassau led all Caribbean destinations in private jet charter arrivals during the 2013 winter peak, it was revealed yesterday, joining with Abaco and north Eleuthera to generate $387.6 million in economic benefits.
Bahamas is Caribbean's top tourist market share loser
The Bahamas has lost the greatest tourism market share of any Caribbean nation in the post-recession years, an International Monetary Fund (IMF) report has revealed, with this nation ranked as the region’s most expensive.
Contract absence exposes resort workers to VAT
Hotel workers are exposed to a Value-Added Tax (VAT) -induced cost of living increase without any prospect of a base salary rise until 2016 at the earliest, a former union presidential contender charged yesterday.
