Accountants briefed on liquidation reforms
Callenders & Co partner, Simone Morgan-Gomez, leads a workshop for accountants on the changes that took effect late last year to the Companies (Winding Up Amendment) Act and other legislation.
Businesses 'finished' without copper ban
The Bahamas Electricity Corporation’s (BEC) chairman yesterday renewed calls for a total ban on copper exports, charging that scrap metal operators were knowingly purchasing stolen material from thieves.
Downtown 'anchor' eyes April opening
The former Buena Vista property is set to re-open as a micro rum distillery and tourist attraction by next month, Tribune Business was told yesterday, its developers viewing the property as one of the “anchors” for reviving that area of downtown Nassau.
Ex-AG: 15% VAT rate 'may be too high'
A former Attorney General yesterday questioned whether Customs duty/Excise tax rates would be reduced simultaneously with the implementation of a Value-Added Tax (VAT), and warned that the latter’s proposed 15 per cent rate “might be a bit high”.
Oil explorer even 'more confident' on prospects
The Bahamas Petroleum Company (BPC) has “become more confident” in recent months over its chances of discovering commercial quantities of oil, its chief executive yesterday saying it could now resume previously “stalled” negotiations with up to 15 potential joint venture partners.
Auto parts firm targets further $1.2M expansion
An auto parts supplier is aiming to continue its Freeport expansion by investing $1-$1.2 million in opening its own property by 2015, telling Tribune Business yesterday that the company was looking to work closely with the smaller “shade tree” mechanics.
Industry urged: 'Don't panic'on accounting records draft
The Minister of Financial Services yesterday urged Bahamian financial and corporate services providers (FCSPs) “not to panic” over proposed guidelines on the maintenance of accounting records, adding that their implementation would not make this nation uncompetitive.
236 businesses qualify for roadworks relief
PRIME Minister Perry Christie said yesterday that 236 out of 247 business applicants had been issued Certificates of Relief under the Government’s roadworks relief plan, adding that most were satisfied with the assistance provided.
Gov't 'not dragging feet' over $250m plant project
A Cabinet minister yesterday said the Government was not “dragging its feet” over whether to approve a $250 million ‘Floating Power Plant’ investment proposal that aims to reduce electricity costs by 30-50 per cent.
Genting in complete Bimini Bay takeover
RESORTS WORLD Genting is taking over the operations of the entire Bimini Bay Resort in addition to operating its $24 million luxury boutique casino, Prime Minister Perry Christie revealed yesterday.
BREA's former GB head returns to Nassau roots
A former president of the Bahamas Real Estate Association’s (BREA) Grand Bahama chapter has returned to her roots by joining ERA Dupuch Real Estate.
Attorneys urged: Segregate law and corporate practices
The Securities Commission has urged attorneys to segregate their law practice from their financial and corporate services provider (FCSP) business, thus eliminating any legal privilege concerns.
Broker 'denies' SEC claim on $11M fraud
A Bahamian broker/dealer and its principal have “categorically denied” they were “knowing” participants in an alleged $11 million multinational fraud, after the US Securities and Exchange Commission (SEC) charged them with falsifying affidavits and documents.
‘Phenomenal’ $250M project ‘at a loss’ on approval absence
Investors behind a $250 million project that could reduce Bahamian energy costs by up to 50 per cent are “at a total loss” as to why the Government has yet to approve it, describing their proposal’s potential economic impact as “phenomenal”.
Freeport model: Private sector must 'know now'
THE Grand Bahama business community “needs to know, and know now” what Freeport’s future model will be, the island’s Chamber of Commerce president arguing that the city will “continue to die its slow, exhausting death” if the original was abandoned.
