FATCA compliance no 'flip of switch'
A leading accountant yesterday described the mechanism the Bahamas will use to comply with the US Foreign Account Compliance Act (FATCA) as “no small undertaking”, suggesting there was no simple “flip of the switch” for providers once the Government has the necessary infrastructure in place.
Tourism body names new vice-president
The Bahamas Hotel and Tourism Association (BHTA) has named Suzanne Pattusch to replace Frank Comito as its executive vicepresident. She will assume the post on March 3, 2014.
MARKETING REVOLUTION: The seven essential business web pages
Brendon Burchard is a best-selling author who was in a serious car accident. In that moment, as he faced death, he realised he had not lived up to his true potential. He asked himself three questions: Did I live? Did I love? Did I matter?
Food retailers mixed on post-Xmas drop off
NASSAU-based food retailers have reported a “slight” to “considerable” drop-off in post-Christmas business, one telling Tribune Business he did foresee any major pick-up until around Easter.
Mario Carey Realty in Long Island expansion
Five years after Mario Carey Realty (MCR) first opened its doors in downtown Nassau, the firm is expanding again with plans to open a Long Island office.
'Asset preservation' key for troubled borrowers
Bahamian corporate liquidators will likely take on more of a management/receiver type role, a leading accountant believes, as banks and other creditors increasingly try to ‘nurse’ troubled borrowers back to health.
Oil explorer: 'Upside' in JV partner's exit
While most firms would bemoan the loss of a joint venture partner, the Bahamans Petroleum Company (BPC) yesterday said Statoil’s departure would create “upside” for its approved licence areas.
Royal Bank presses 'reset' on appraisal controversy
The Bahamas Real Estate Association’s (BREA) president yesterday expressed hope Royal Bank of Canada (RBC) had pressed “the reset button”, after it postponed plans to impose an appraisal management company on the industry.
Bahamas targets July 1 for ‘full FATCA sign up’
The Bahamas is aiming to be “fully signed up” and compliant with the US Foreign Account Tax Compliance Act (FATCA) by July 1, with the Government seeking to finalise discussions on its intergovernmental agreement (IGA) with the US Treasury by next month.
'Worst ever January' sparks 30% auto sales decline fear
A well-known Bahamian auto dealer yesterday estimated that 2014 auto sales could decline 30 per cent year-over-year, based on what he described as “one of the worst January’s ever”.
Go beyond 'one size fits all' template
Years ago, a soft drink company set out to find which was the best cola in the US. Why? The company wanted to develop the best cola and completely capture the market. It spared no expense, and launched a massive research team to go around the entire US and interview as many people as they could.
Butler institute graduates 24 pupils
THE Bahamas’ first-ever butler training institute has seen 24 graduates obtain local and international certification, its facilitator said yesterday.
Bahamas urged: 'Be ahead of pace' in finance crime fight
THE Bahamas must be on “top of its game” and “ahead of the pace” in combating in financial crimes, a Cabinet minister said yesterday, adding that just one incident could be extremely damaging to the jurisdiction.
Teachers union's $6m share offer
THE Bahamas Union of Teachers (BUT) is gearing up to launch an “historic” share offering that aims to raise $6 million for financing a “state of the art”, 18,000 square foot headquarters on Bethel Avenue.
Money provider reveals payday lending product
A Bahamian money solutions provider has launched its “alternative” pay day loan, aiming to offer customers small credit sums at low cost.
