Bahamas puts HBO copyright row 'to rest'
The Copyright Royalties Tribunal’s chairman yesterday expressed “disappointment” that the US government had not given the Bahamas more praise for resolving outstanding multi-million dollar royalties claims, telling Tribune Business: “The matter has been put to rest.”
'Dilemma' over Cable Beach's 'renaissance'
The Baha Mar-led Cable Beach “renaissance” is creating a “dilemma”, a well-known realtor warned yesterday, because few Bahamians are positioned to exploit the commercial and rental opportunities that will be created.
'Scary' IRS summons targets FirstCaribbean
Bahamas-based financial executives yesterday described a US court’s decision to permit the Internal Revenue Service (IRS) to serve a summons on CIBC FirstCaribbean Internationa Bank’s US correspondent bank as a “scary move”.
Mobile data subscribers increase over six-fold
Mobile data subscribers increased more than six-fold within one year following the launch of services by the Bahamas Telecommunications Company (BTC), it was revealed yesterday, with fixed-line Internet’s market penetration also enjoying a 22 per cent increase.
Gov't moves to 'fully implement' National Health Insurance
THE Government yesterday announced it was moving towards the “full implementation” of a National Health Insurance scheme, proposing to create a so-called ‘steering committee’ to oversee the move.
Ex-minister positive over US reform plans
PROPOSED US immigration reforms could have positive implications not only for Caribbean nationals living in the US but also their home countries, a former Bahamian Cabinet minister believes. “The reforms that offer a pathway to citizenship might be applicable to thousands of Caribbean nationals who have spent years living and working in the US, and might be deemed entitled to regularisation as citizens,” said former minister of state for finance Zhivargo Laing.
THE ART OF GRAPHIX: Avoid a career of bad choices
Have you ever regretted choosing a particular career path, or feel devastated after finding out you have made a poor choice? Even though it isn’t always possible to foresee the changes in our lives, many people find themselves trapped in careers that initially seemed glamorous and appropriate, but resulted in monotony and boredom.
Law firm's private client team on award shortlist
A Bahamian law firm’s Private Clients and Wealth Management Group has been shortlisted for ‘Team of the Year’ at the inaugural Society of Trust and Estate Practitioners (STEP) Caribbean Awards 2013. The Higgs & Johnson team has more than 40 years of experience in the private client field, including offshore and onshore trusts and, more recently, foundations.
Gov't pledges 'equity' on new $5m excursion
The Government yesterday pledged it would monitor the $5 million Blackbeard’s Cay project to ensure there was an “equitable distribution” of cruise visitors with Bay Street, emphasising that it wanted to bring downtown Nassau “alive”.
'Across the board' impact fear from air safety woes
The Bahamian economy will be impacted “across the board” if deficiencies in its aviation safety regime are not rapidly addressed, top industry executives warned yesterday, with airline expansion plans and a proposed Aircraft Registry having to be placed on hold.
BVI court criticises Bahamas liquidators
The Bahamian liquidators for an alleged multi-million dollar international fraud have been blasted by a British Virgin Islands (BVI) judge over a “remarkable” and “gratuitous” agreement with a BISX-listed broker/dealer.
Central Bank holding $71m 'dormant' funds
The Central Bank of the Bahamas was holding almost $71 million in ‘dormant account’ funds at year-end 2012, having received a further $3.58 million last year.
Bahamas playing 'catch up' over aviation safety
THE Bahamas is playing “catch up” on a number of aviation safety reforms that should have been implemented two to three years ago, a Cabinet Minister said yesterday, acknowledging that deficiencies in this area could hurt the country’s tourist destination reputation.
BFSB's conclave charts way ahead
REGULATORY policy and Immigration were among the issues raised by financial services industry leaders during a recent conclave for chief executives hosted by the Bahamas Financial Services Board (BFSB).
Casino gaming 'fundamental' for tourism
TOURISM Minister Obie Wilchcombe yesterday described the casino gaming industry as being “fundamentally important” to the Bahamas tourism product, noting that proposed reforms were vital if it was to compete with rival jurisdictions.
