'Highly efficient' Bahamas: OECD praises 85% tax mark
The Bahamas has been praised by the Organisation for Economic Co-Operation and Development (OECD) for the “highly efficient manner” in which it deals with tax information requests, processing 85 per cent within six months of receipt.
Credit union eyes 'other measures' over Club Land'Or
A leading credit union yesterday warned it may “have to take other measures” if a prominent Paradise Island resort fails to soon remedy payment arrears dating back to November 2012.
OECD endorses 'huge strides' by the Bahamas
The Organisation for Economic Co-Operation and Development’s (OECD) latest review endorses the “huge strides” the Bahamas has made in meeting its tax information exchange obligations, a leading financial executive said yesterday.
Equities market rebound holds
The Bahamian equities market consolidated its fledgling recovery in the 2013 second quarter, data unveiled yesterday shows, with the BISX All-Share Index up 4.49 per cent for the first half.
Cable: Cellular battle 'two to three years away'
Cable Bahamas believes that competition in the Bahamian cellular market is “at best two to three years away”, making it “premature” to devise a pricing regime for calls between mobile phones.
Fox sniffs out GB investments
Former NBA player turned actor, Rick Fox, recently embarked on a fact-finding mission to Grand Bahama in his new role as a tourism and investment ambassador for the Bahamas.
Esso sale in Gov't approval 'challenge'
Esso (Bahamas) may “face some challenges” in getting its multi-million dollar sale to the Barbados-based SOL Group approved by the Government, Tribune Business can reveal.
Bank closes US branch
Bank of the Bahamas International yesterday confirmed it had effectively closed its sole US branch on June 30, after regulatory changes made its business model “non-viable”.
$7.5m at stake for BISX firm on plant deal
Consolidated Water has confirmed the Water & Sewerage Corporation is examining “alternatives” to extending its Windsor plant water supply agreement for another five years, potentially jeopardising $7.5 million in annual revenues.
Project's pledge: 'As much power as you can hope for'
A $500 million alternative energy project yesterday pledged that its sea turbines could “generate as much power as this country could ever hope for”, and at rates 50 per cent below the Bahamas Electricity Corporation’s (BEC) existing tariffs.
Bahamas broker blasts 'contradictory' SEC
A Bahamian broker/dealer has slammed US regulators for “contradicting themselves” over whether it should have uncovered an alleged $11.834 million ‘illegal unregistered share offering’.
Colina Insurance in outlook boost
The Bahamas’ largest life and health insurer yesterday received a boost from the industry’s top rating agency, which upgraded the company’s outlook to ‘stable’ from ‘negative’.
BFSB, regulator team on captive education
The Bahamas Financial Services Board (BFSB) and the Insurance Commission of the Bahamas have teamed up to provide full scholarships for the Associates in Captive Insurance (ACI) designation.
Bimini gains 300 visitor boost via flotilla getaway
The Marine Max Annual Lobster Bash’s rendezvous at Resorts World-Bimini marked the end of the summer vacation.
Cable unveils its Board appointees
Cable Bahamas last night confirmed that Phaedra Mackey-Knowles, Calvin Knowles and Ministry of Finance official, Simon Wilson, have been appointed to its Board of Directors coinciding with the resignation of Anthony Butler. He remains the company’s president and chief executive.
