Banking officer passes Series 7
A private banking officer at Bank of the Bahamas International, Sharvado Thompson, passed the Series 7 general securities exam after training with The Nastac Group.
BFSB seminar's ethics focus
The Bahamas Financial Services Board (BFSB) will host the third part of its Competitiveness Conclave series on October 29, focusing on ethics within the financial services industry.
New sponsors back BFSB student award
The Bahamas Financial Services Board’s (BFSB) initiative to recognise an outstanding graduating student from within the School of Business at the College of the Bahamas (COB) is now in its 12th year.
Businesses 'deluding themselves' on VAT black economy fears
Large Bahamian businesses “will be deluding themselves” if they believe Value-Added Tax’s (VAT) introduction will result in consumers deserting them in droves for the ‘black economy’ or non-paying rivals, a top official is arguing.
Manufacturing 'can't survive' Without tariffs up to 200%
Manufacturing “cannot survive” as an industry in the Bahamas without protective tariffs as high as 200 per cent, Tribune Business can disclose.
Bahamas must double growth to slash unemployment 50%
The Bahamian economy must grow at an average annual rate of 5.5 per cent between 2013-2018 to slash the unemployment rate in half, the International Monetary Fund (IMF) has warned.
Gov't targeting 75-90% VAT comply 'high range'
The Government is expecting to achieve Value-Added Tax (VAT) compliance rates in the 75-90 per cent “high range” enjoyed by other Caribbean nations, a senior Ministry of Finance official has revealed.
Bimini developers advised: Gov't 'unlikely to interrupt'
Bimini Bay’s developers have been advised that the Government’s pledge to create 10,000 new jobs means it is “unlikely to interrupt” their multi-million dollar investments despite pressure from environmental activists.
FamGuard vindicated By ratings upgrade
Family Guardian believes the restoration of its A- (Excellent) financial strength rating vindicates the stance it took over its mortgage portfolio, telling Tribune Business its solvency was “as strong as any of the major international insurers”.
VAT: Most goods to see 'reduced border taxes'
The Government believes most imported goods will experience a reduction in their “tax burden at the border” as a result of tariff cuts related to Value-Added Tax’s (VAT) introduction.
Atlantis: 'No urgency' over gaming reforms
The proposed casino gaming reforms must be carefully assessed, according to Atlantis’s top executive, who said there was “no particular urgency” from the resort’s perspective to have the Bill passed.
Don't use Bahamians as 'rubber stamps'
Significant policy reforms must be undertaken to ensure Bahamian engineers are truly involved in multi-million dollar investment projects and not used as mere “rubber stamps”, one local engineer has told Tribune Business. He added that while there have been some reforms, the issue remains “totally unfixed”.
Medical lab in expansion mode
A Nassau-based laboratory has expanded its footprint to Sandyport, as it seeks to curb millions of dollars in annual medical testing outflows and become “the standard” for the Bahamas.
$5m Atlantis sports book's 'huge numbers'
Atlantis’ new $5 million race and sports book facility will probably generate 20-30 new jobs, its top executive said yesterday, telling Tribune Business that weekend traffic “in the hundreds” had exceeded initial expectations.
City Markets' pension trustees in 'strike out'
Attorneys for the City Markets employee pension plan yesterday moved to “strike out” a court Order against its trustees, asserting that the $800,000 at the centre of the dispute had already been paid to beneficiaries.
