RBC unit wins top regional honour
RBC Wealth Management, located at Lyford Cay, has been recognised as the best provider of private banking services in the Caribbean, according to Euromoney, a global banking publication.
Small business Bill '40th birthday gift'
A well-known consultant yesterday said long-planned small business development legislation would be “like a 40th anniversary gift to the Bahamas” if it was brought into law, as the Government works “feverishly” to get it enacted
Suppliers 'amazed' over PHA price gouge claim
Bahamian suppliers are “amazed” that the Public Hospitals Authority (PHA) has effectively accused their entire industry of employing “unethical business practices”, despite them accepting profit margins well below the permitted 32 per cent contract maximum.
BTC to invest millions in new cell build-out
THE Bahamas Telecommunications Company (BTC) is set to invest several million dollars in building-out 15-18 new cell phone tower sites nationwide within the next 14-18 months, having already switched 25 per cent of its fixed-line customers over to the Next Generation Network (NGN).
Latest LPIA expansion stage injects $12.8m into economy
CONSTRUCTION work on stage three of the Lynden Pindling International Airport (LPIA) is 40 per cent complete, with more than $12.8 million having been injected into the Bahamian economy through the procurement of local services.
City Markets holds shareholder meeting
INVESTMENT analysts are intrigued by the now-defunct Bahamas Supermarkets’ decision to hold a shareholder meeting today, with most anticipating it is intended to complete the company’s formal winding-up and dissolution.
Chamber leader brands 2014 VAT 'overly aggressive'
PLANS to implement a Value-Added Tax (VAT) by July 2014 are “overly aggressive”, the Bahamas Chamber of Commerce’s (BCCEC) chief executive has warned, arguing that the private sector be given “at least two years” to prepare if the new tax is to work “properly”.
Managing the process of business changes
WE have often heard that the only thing constant in life is CHANGE.
Credit Bureau, union Bills under review
REVIEWS of draft Bills that will create a Credit Bureau and bring Bahamian credit unions under the regulatory supervision of the Central Bank of the Bahamas will both be complete “in the coming months”, the latter’s Governor told Tribune Business.
Logistics provider in Freeport interest
A Panama-based logistics provider has expressed interest in establishing a Freeport-based warehouse to serve the North American market, with Grand Bahama Port Authority (GBPA) officials moving to build on the recent Trade Mission to that nation in discussions with other entities.
Circle Mall's owner enjoys 'birthday present'
The owner of Freeport’s Circle Mall yesterday described the Supreme Court’s decision to “dismiss” an application to place it into court-appointed receivership as “my birthday present”.
'Con man's' $8m belongs to Butlers, investors, not US
The US Government cannot seize $8.106 million in assets that belonged to convicted con man, Derek Guise Turner, because they had already been declared the “property” of Loretta Butler-Turner’s family and other defrauded Bahamian victims.
BTC 'exacerbates' $265m FDI decline
A $265 million decline in year-over-year net foreign investment (FDI) into the Bahamas is not as bad as it seems, the Central Bank’s governor yesterday saying that stripping out the BTC privatisation proceeds produced a more “modest” 7.6 per cent fall.
Gov't targeting end to recurrent, not total, deficit
The Government’s fiscal plans will eliminate just its recurrent - not the total - deficit, a Cabinet Minister yesterday explaining this would still be “a major step forward” if achieved.
MInister urges attorneys: improve commercial work
A CABINET Minister yesterday called Bahamian attorneys to “raise the level of commercial practice”, backing the notion that permitting foreign specialist attorneys to practice from this nation would boost the financial services industry.
