Bahamas yet to fully satisfy global money laundering standards
The Bahamas has yet to fully satisfy the Caribbean Financial Action Task Force (CFATF) that its anti-money laundering/counter terror financing regime meets the required standard, with this nation remaining on “regular follow up” monitoring.
Downtown 'still on track' despite Hard Rock closure
Downtown Nassau’s revitalisation “remains on track” despite the Hard Rock Cafe’s collapse into liquidation, the organisation leading this effort yesterday saying over 100 new restaurant and bar jobs had been created since 2008 despite the recession.
Tax outsource 'disaster' if plan not thought out
The Government’s plan to outsource collection of $557 million in unpaid real property tax to the private sector will “end in disaster” if not well thought-out, the principal of a Bahamian debt collection agency has warned.
VAT revisions can 'cripple business'
The proposed Value-Added Tax (VAT) assessment process could “potentially cripple a business” if has to pay an inaccurate sum to the Treasury for months, creating a “huge potential injustice”.
Night flights start today for Bimini
Night fights will start arriving on Bimini today, marking completion of another phase in Resorts World’s $150 million investment on the island.
FOCOL electsa new Board
Focol Holdings (FOCOL) has elected a new board of directors.
Bahamas has 'long way to go' on energy reform
A sustainable energy plan is needed to transform the industry, a prominent environmental attorney yesterday suggesting the Bahamas has a “long way to go” with regards to much-needed reform.
Scotiabank chiefs visit Prime Minister
Scotiabank’s senior vice-president and head of the Caribbean region, Bruce Bowen, along with Scotiabank (Bahamas) managing director, Sean Albert, have paid a courtesy call on Prime Minister Perry Christie.
PM confirms Freeport tax roll back
PRIME Minister Perry Christie yesterday confirmed the Government was looking to roll back the new and increased taxes levied on Freeport in the 2013-2014 Budget, emphasising that the administration was “flexible” on the matter.
THE ART OF GRAPHIX: Choosing the correct host
If you are new to the world of websites, you might have overheard the expression ‘Web hosting’ and questioned its meaning. In its simplest form, a website host is really just a computer connected to the Internet that offers space storage, connectivity and typically enables websites to be viewed by Internet users 24 hours per day.
Domestic arbitration deal is finalised
A Cabinet Minister said yesterday that a Bahamian international arbitration centre would be built around the “three pillars” of trade, maritime and financial services, confirming that a Memorandum of Understanding (MoU) had been finalised for domestic arbitration.
S&P wants fiscal ‘package’ by Q3
A leading Wall Street rating agency yesterday would “not exclude the possibility” that the Bahamas could lose its ‘investment grade’ rating, indicating that it wanted to see a comprehensive fiscal reform package by the 2014 third quarter.
Gov't urged: Delay WTO accession to'align all stars'
The Government was yesterday urged to delay this nation’s World Trade Organisation (WTO) accession and bring it into line with Value-Added Tax (VAT) implementation, giving the Bahamas a perfect opportunity to “align all the stars”.
Payment made to end TV signal piracy' claims
Satellite Bahamas and its principals last night joined DIRECTV in filing a proposed motion to dismiss the latter’s ‘TV signal piracy’ case against them, after an unspecified sum of money was transferred to a US bank.
Hard Rock closure hits 38 employees
The Bahamian Hard Rock Cafe franchise continued operating for almost three months after its rights to use the brand were terminated, as its 38 former employees yesterday blasted its failure to give them due severance pay.
