RBC’s $22m payment suspicion ‘reasonable’
The Court of Appeal yesterday ruled it was “reasonable” for Royal Bank of Canada (RBC) to find that $21.957m paid to a Bahamian businessman by a Slovakian he has never met for investment in his sand mining venture was “suspicious”.
Tax authorities push Out Island compliance drive
The Government’s major tax authority is undertaking a Family Island compliance tour to better educate residents and businesses on the need to pay their due tax obligations and how to do so, it was confirmed yesterday.
Wendy’s tells Town Planning: No more PI project mistakes
Wendy’s is urging the planning authorities to take “great care” to ensure approval for a Paradise Island restaurant, which could create between 75-100 total jobs, is not again derailed by procedural irregularities.
Minister sounds alert over 'fake' loan flyer
A Cabinet minister yesterday said he had asked the authorities to probe a "fake flyer" that was using his image without permission in a bid to entice Bahamians to seek loans.
Over $8m grant funding for water utility storm coverage
Caribbean water utilities such as the Water & Sewerage Corporation can now access insurance coverage to protect their infrastructure assets against hurricanes and severe flooding, it was announced yesterday.
No third mobile operator during Davis Gov'ts term
The Bahamas will not have a third mobile phone provider before the Davis administration's term in office ends although it has placed regulators on alert to crackdown on any anti-competitive practices.
ArawakX attorney hit at 'degradation ceremony'
ArawakX’s attorney blasted that he was “not going to sit here in a degradation ceremony” after regulators voiced concern that the crowd-funding platform was using “delaying tactics” in response to its solvency concerns.
BISX aims to 'revive' small listings facility
The Bahamas International Securities Exchange (BISX) is aiming "to revive in a very serious way" plans to create a market where small and medium-sized companies can list and raise capital, its top executive has revealed.
'Vexatious' litigant loses new 2,000-acre Ginn bid
A “vexatious” litigant has lost his latest bid to be declared owner of some 2,000 acres at the former Ginn project despite calls dating back to 2018 that he be barred from launching such actions.
Govt to 'enforce' Bahamian understudy for expat hires
A Cabinet minister yesterday confirmed the Government will now “enforce” requirements for employers to identify a Bahamian understudy before labour certificates permitting the hiring of expatriate workers are approved.
Aviation chief: 'Put money where mouth is' on climate
The Bahamas' aviation director highlighted this nation's drive to construct climate resilient and environmentally-sustainable airports during a recent Caribbean infrastructure summit.
Total visitor arrivals up 30% though stopovers still trail
The Ministry of Tourism's top official yesterday said total visitor arrivals to The Bahamas are 30 percent ahead of their pre-COVID record through to end-July although stopover visitors are still trailing slightly.
RBC chief pledges company account opening upgrades
Royal Bank of Canada's (RBC) top Bahamas executive yesterday pledged to address the challenges encountered by Family Island business clients when it comes to opening corporate bank accounts.
BPL: 8% 'crazy growth' in New Providence
A senior Bahamas Power & Light (BPL) executive yesterday said the utility had seen "crazy growth" in customer demand over the summer with New Providence's peak load increasing by 8 percent year-over-year.
Pintard to PM: Probe Gov't 'late payments'
The Opposition's leader last night called for the Prime Minister to investigate as he doubled down on accusations that public servants, government contractors/vendors and the Family Islands are suffering "out of the ordinary" payment delays.
