'Exponential growth' via new fund product
The Bahamas could soon enjoy “exponential growth” in its investment funds industry via a new product “married to the SMART Fund”, a Cabinet Minister said yesterday.
Immigration reforms set to 'bolster' financial sector
The Government’s two-pronged approach to upgrading the Immigration Department’s treatment of financial services applications “should bolster then reputation of the country as a place to do business”, a Cabinet Minister said yesterday.
Bahamas' FDI inflows drop 'by over 50%'
The Bahamas saw 2012 foreign direct investment (FDI) inflows drop by more than 50 per cent to $595 million, a top private sector executive describing this as “a sobering reminder” of the competition for global capital.
Employers, unions back Gov'ts work safety mission
Employers and trade unions yesterday both gave their backing to the Government’s plans to finally implement the Health and Safety at Work Act, although companies will have to make “further capital investments” to comply.
BTC 'sits outside' owner's cable JV
The Bahamas Telecommunications Company (BTC) and its fibre optic cables will remain outside the regional joint venture its majority shareholder has entered into with Columbus Networks, Tribune Business was told yesterday.
Moss 'emphatic': No favoritism to $10m BAB offering
The National Insurance Board’s (NIB) former chairman “was emphatic” that no Cabinet ministers urged him to treat the $10 million investment offering by BAF Financial’s parent “in a preferential way”, an audit report has disclosed.
Battle resumes over $7m West Bay condo wind-up
The long-running legal battle over an upscale, $7 million West Bay Street condominium project has reignited over attempts to place it into court-supervised liquidation, Tribune Business can reveal.
Bahamas positions as 'serious market mover'
THE Bahamas was yesterday described as “the destination” for the creation of mutual funds, one manager stating that the jurisdiction was positioning itself to become a “serious market mover” in that industry.
Bahamas in estate planning 'uptick'
THE Bahamas has seen an “uptick” in interest for estate planning services, it was noted yesterday, particularly from countries such as Mexico, Brazil and Canada.
THE ART OF GRAPHIX: Twenty jobs are rolled into one
This is a typical question: “I’m thinking of choosing Graphic Design as a career path, as it appears to be a ‘cool’ profession.
Compliance officers preparing for FATCA
BAHAMIAN financial services institutions must ensure they are ready, from a training and systems perspective, for implementation of the US Foreign Account Tax Compliance Act (FATCA), a senior compliance officer said yesterday.
Lawyers urge Bahamas to recognise living wills
Bahamians too frequently overlook the certainty of death, top attorneys and a medical expert warning that the failure to leave their financial house in order can leave loved ones and family vulnerable.
Bahamian companies in 30-40% tax burden
A well-known Bahamian accountant yesterday said the indirect tax burden on local companies effectively meant they were paying 30-40 per cent of every $1 million they earned in tax.
Aviation specialist to address Aruba seminar
A Bahamian aviation attorney has been invited by Aruba’s Aircraft Registry to speak at the 2013 Aeropodium offshore aircraft conference. The conference is expected to attract top experts in private and corporate jet aircraft-related arenas.
BTC: 60% voice traffic growth drives new sites
The Bahamas Telecommunications Company (BTC) is set to bring three more cell towers into service by month’s end, in a bid to relieve New Providence “hot spot” bottlenecks created by a 27,000 per cent increase in data traffic.
