Union meets with CIBC in bid to stop lay-offs
Bahamas Financial Services Union (BFSU) has been in talks with CIBC First Caribbean International Bank Bahamas (FCIB) over “ways and means” to potentially avoid forced redundancies, its head confirmed to this newspaper yesterday.
The ‘virtual’ power from cost savings
The word ‘virtual’ has become synonymous with progress and advancement in the corporate environment.
Nassau/PI resort room revenues decline 7.4%
The Bahamian economy remained “relatively flat” in September, the Central Bank of the Bahamas revealing yesterday that Nassau/Paradise Island hotel room revenues were down 7.4 per cent year-to-date for the first nine months of 2013.
PM hints at being open to VAT target push back
PRIME Minister Perry Christie yesterday hinted he might be open to pushing back the Value-Added Tax (VAT) target implementation date of July 1, 2014, if the Government was not ready for it.
Controversial project's developers now at war
The developers of the controversy-torn Oceania Heights project are now feuding with each other, Tribune Business can reveal, having fallen out over the proposed solution to the long-running dispute with homeowners.
Fidelity funds in 45% restructuring boost
RoyalFidelity Merchant Bank & Trust yesterday said the “major move” it made in restructuring its mutual fund family appeared to have reaped rewards, with assets under management up by as much as 45 per cent since 2012 year-end.
BORCO revenues increase 13.3%
The Bahamas Oil Refining Company (BORCO) saw revenues for the nine months to end-September 2013 increase by 13.3 per cent year-over-year to $160.2 million, as it enjoyed Supreme Court success over the multi-million damage done to its jetty.
Businessman targets Dubai trade mission for January 2014
A Bahamas-based businessman yesterday said he was aiming to organise a private sector-led Trade Mission to Dubai by January 2014, in a bid to exploit both the Government’s recent visit and capital markets/construction opportunities.
THE ART OF GRAPHIX: Separating visual from the graphic
What separates Visual Art and Graphic Design? This fine line has been mulled over for a very long time. And even though both compose visuals and have a shared toolkit and knowledge base, there is still a distinct difference. Pinpointing the exact difference is where things become a little tricky.
URCA boosts BTC with promotion 'cool-off' slash
Regulators have reduced the time span between when communications providers can launch ‘similar promotions’ from 120 to 90 days, after the Bahamas Telecommunications Company (BTC) complained existing restrictions were harming consumer welfare and its ability to fight competitors.
Secure estate planning needs top constitution
Families, like countries, should have a constitution, says Halsbury Chambers associate, Mikia Cooper.
Scotiabank gains regional award
Scotiabank has been named Bank of the Year in the Caribbean by LatinFinance.
Bahamas drops one place in Specialised Financial Centre ranks
The Bahamas dropped once place to fourth spot among Specialised Financial Centres in the 2013 ranking of International Financial Centres (IFCs)by The Banker, published by The Financial Times.
A VAT we hate, but politicians love
Politicians love the cumbersome system we call Value-Added Tax (VAT) as much as businesspeople resent it. Governments prefer it to direct taxation because they hope voters will believe the tax rate is lower than it really is. Those in commerce regard it as another example of labor-draining government bureaucracy.
Public Hospitals Authority targets $100m from investors
The Public Hospitals Authority (PHA) is seeking to ultimately raise $100 million from investors via a series of bond issues, despite its financials showing it is ‘technically insolvent’ without the Government’s annual subsidy.
