No 'rubber stamp' on compliance officers
COMPLIANCE officers subject to new registration requirements with the Securities Commission of the Bahamas should expect a considered, rather than casual, approach to approvals given their critical oversight function.
How to account for everything
FEW business owners look forward to the monthly accounting task, even if it is just a question of handing over a shoebox stuffed with receipts to the accountant. We begrudge the time required, and that's a pity. Because it is accounting that tells us where we are heading, and where the money has gone.
CITCO set to maintain Bahamas fund licence
CITCO Funds Services yesterday effectively confirmed that redundancies will occur at its Bahamas operations, although it pledged to maintain its fund administration license in this jurisdiction.
Summer target for mortgage relief
INITIAL comments from private sector lenders on the Christie administration's proposed mortgage relief plan have been "very positive", Minister of State for Finance, Michael Halkitis, said yesterday, telling Tribune Business the administration should be in a position to formally present the plan before Parliament's summer recess.
Bahamas Waste teams up for Over-the-Hill cleaning
A FAMILY initiative that has been going on for at least 10 years is poised to link up again with Bahamas Waste to help keep Over-The-Hill communities clean.
BTC's NGN network spend may hit $70m
THE Bahamas Telecommunications Company (BTC) will likely have invested between $65-$70 million in its Next Generation Network (NGN) for fixed-line broadband by the time it is completed, its chief executive telling Tribune Business that increased penetration in this area was already spurring the creation of "a whole new class of entrepreneurs".
Second Montaque affiliate 'insolvent'
A SECOND arm of Owen Bethel's Montaque Group is being wound up, one of its liquidators telling Tribune Business that this company, too, is "insolvent".
Cable 'a bit surprised' at 55% energy bill rise
CABLE Bahamas yesterday said it was "a bit surprised" by the unseasonal 55 per cent electricity cost increase it suffered during its 2012 first quarter, although this was offset by a 23 per cent revenue rise driven by its new fixed-line voice business.
Freeport 'ideal VAT testing bed'
FREEPORT was yesterday described as "the ideal testing ground" for Value Added Tax (VAT), a leading trade economist suggesting that this nation's Economic Partnership Agreement (EPA) commitments required the Bahamas to "resolve or roll out" an alternative tax system by 2014.
Government 'not committed to fiscal prudence'
THE Christie administration's failure to "hold the line" on projected recurrent spending for the 2012-2013 Budget year shows it is "not committed to fiscal prudence", a leading fiscal hawk charged yesterday.
A profession for all of your talents
GRAPHIC design is a multi-faceted profession that requires intelligence, knowledge, talent and skill across a wide range of work domains. The industry has grown at a rapid pace, with studies revealing that by the year 2018, the number of graphic design jobs will increase by 12 per cent.
'Network seizure' hits Sunshine operations
ARAWAK Homes' chairman, Franklyn Wilson, yesterday urged Bahamian businesses to closely at monitor controls on their computer systems, telling Tribune Business his operations had been "severely disrupted"after a former employee allegedly took control of his companies' domain names and employee e-mail accounts.
Gov't 'tied' by $938m spending commitments
THE MINISTER of State for Finance, Michael Halkitis, said yesterday that in developing the 2012-2013 Budget, the Christie administration inherited recurrent spending commitments of some $938 million with respect to personal emoluments and debt servicing.
Why tax reform can no longer be avoided
IT WAS with some pleasure that I read the letter carried in today's Tribune Business by Dr Nick Karagiannis of the University of North Carolina. Dr Karagiannis is a favourite scholar of mine, and I am very familiar with his work on the Bahamian economy.
Bahamas hemisphere's worst for mobile broadband usage
The Bahamas Telecommunications Company's (BTC) chief executive yesterday pledged that within a year this nation would no longer be last in the Western Hemisph
