Nassau Gas chief pledges to fully refund all investors
A Bahamian company that raised equity capital through the collapsed ArawakX platform has pledged to return all funds to investors once they are verified, its principal saying: "I want to get out of this mess."
Bahamas financial services: 'Revisit' 15% minimum tax
The Bahamian financial services industry is calling for the 15 percent minimum global corporate income tax to be "revisited" as it violates the sovereign right of nations to set their own tax systems and rates.
Over 100 Out Island firms aided by $30m BDB facility
The Bahamas Development Bank’s (BDBs) $30m loan facility is projected to benefit more than 100 Family Island businesses.
BTC union anger erupts on manager dismissals
The Bahamas Telecommunications Company’s (BTC) top executive yesterday said there will be times when the carrier and its two trade unions "vigorously disagree" amid demonstrations over staff terminations.
Property tax pace 20% up amid ‘over aggressive’ fear
Real property tax collections are pacing 20 percent ahead of the previous record year, the Government’s top finance official disclosed yesterday, as he predicted it will be “very close” to its full-year deficit target.
Bahamas demands end to ‘blacklisting’
The Bahamas is demanding that ‘blacklisting’ countries in a bid to force them to reform their taxes and other laws be eliminated and replaced by a more co-operative approach overseen by the United Nations (UN).
New union aims to boost livery drivers’ standards
The newly-formed Bahamas Livery Drivers Union (BLDU) last night said it aims to raise standards across the industry.
Contractors ‘within 30 days’ of licensing legal challenge
BAHAMIAN contractors say they are “within 30 days” of launching Judicial Review proceedings over the Government’s failure to implement the Act and licensing regime designed to regulate the industry.
‘Bizarre’: France, Holland keep Bahamas blacklisted
FINANCIAL and legal executives yesterday slammed The Bahamas’ continued inclusion on national blacklists of European Union (EU) member states as “crazy” and “bizarre” given its recent delisting by that bloc.
‘Desperate need’ to update Securities law
REGULATORS have argued that the main law governing the Bahamian capital markets’ regulatory regime needs to be modernised to account for 13 years of change.
PI Crown Land battle splits Court of Appeal
The Bahamian entrepreneur seeking to restore Paradise Island’s lighthouse has split the Court of Appeal over his long-running Crown Land lease battle with the Government.
FTX prosecutors push for tougher sentence
US prosecutors are exploiting the $426m transfer of digital assets to the safekeeping of Bahamian regulators to press for a harsher prison sentence for FTX founder Sam Bankman-Fried.
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The New York Stock Exchange’s recorded losses at an overall high level last Friday. Data from the US industry sectors was poorly received by investors.
$100m roadworks for Eleuthera revealed
ELEUTHERA is to have $100m spent on it in roadworks, Minister of Works and Family Island Affairs Clay Sweeting announced yesterday.
‘Reimagined’ Bahama Grill to feature 102-room hotel
ERIC Gibson Jr, developer and owner of Bahama Grill on West Bay Street, is seeking approval from the Department of Physical Planning to construct a seven-storey, 102-room hotel complete with a “reimagined” Bahama Grill on the 1.39-acre plot.
