Pintard: ‘Why did leading finance officials contradict each other?’
The Opposition’s leader yesterday challenged the Prime Minister to explain why The Bahamas’ two top finance officials “would openly contradict each other” over the Government’s recent $500m borrowing.
Entrepreneur eyes product, manufacturing expansion
A Bahamian manufacturer yesterday confirmed it is aiming to “scale up” and expand after exhausting existing inventory due to high consumer demand.
Businesses blame COVID, KYC in bank account delay
Bahamian businesses are blaming stringent Know Your Customer (KYC) due diligence rules and the post-COVID hangover for why it takes an average two months to open a corporate bank account.
FTX’s Bahamian liquidators did ‘everything in their power’
A SUPREME Court judge has backed assertions by FTX’s Bahamian liquidators that they “have done everything within their power to strike the best possible deal” in settling the dispute with their US counterpart.
Banker backs IMF on tax reform scepticism
A SENIOR banker has backed the International Monetary Fund’s (IMF) scepticism over the Government’s stance that it will hit its deficit and revenue targets solely through better compliance and enforcement.
Five-hour talks fail to break hotel industrial deal deadlock
THE Government’s labour director last night said almost five hours of “intense negotiations” had failed to break the deadlock over a new industrial agreement covering much of the hotel industry.
Developer reassures Adelaide: ‘Heavy work’ to end this month
A BAHAMIAN developer yesterday pledged that noise and other nuisances impacting Adelaide residents should be over by month’s end, and asserted his project will “bring great value” to the area.
‘About time’ cruise lines private islands face VAT
BAHAMIAN tour operators yesterday asserted it is “only fair” that VAT be levied on the goods and services bought by passengers on the cruise lines’ private islands, adding: “It’s about time.”
$250m resort requires ‘meaningful’ Bahamian participation to succeed
THE developer behind Grand Bahama’s $250m Six Senses resort project says it will struggle to succeed without “really meaningful” participation by Bahamians in all aspects of its build-out.
BTC blames rival utility on east Nassau fibre cut
THE Bahamas Telecommunications Company (BTC) yesterday blamed a rival utility for cutting its fibre optic cable and depriving customers in the Eastern Road area of landline, mobile and Internet services.
Senate’s vice-president attends trade conference
THE Senate’s vice- president represented The Bahamas at a recent trade and economic conference in his role as the Trade Commission’s deputy chairman.
Tourism ‘booking pace drag’ over crime alerts
Bahamian hotels yesterday revealed recent crime alerts have sparked “a drag on the booking pace” while a former DNA leader blamed seven cancellations at his vacation rental business on the warnings.
BTC outage ‘due to trenching by another utility provider’
THE Bahamas Telecommunications Company said customers in the Eastern Road and Johnson Road corridors had experienced a landline, mobile, and internet outage due to trenching, which led to BTC’s fibre being cut by another utility provider.
IMF: Those with means pay more for health and water
THE Government can slash “unproductive spending” by $116.5m and, in so doing, boost key public services if Bahamians with means pay more for water and access to public healthcare.
Opening Bahamian bank accounts ‘totally insane’
A PROMINENT accountant yesterday blasted “it’s crazy, absolutely insane” that Bahamian businesses face an average wait of more than two months to open a bank account compared to “20 minutes” in the US.
