Bahamas faced with losing ‘material amount’ of funds
The Attorney General has warned that The Bahamas is threatened with losing “a material amount” of its investment funds due to likely tax reforms in Brazil.
BDB’s funding ‘drought’ end with $30m recapitalisation
The Bahamas Development Bank’s (BDB) near two-decade funding “drought” will end through a $30m recapitalisation from the Africa Export-Import Bank.
Downtown valet parking seeking permanent spot
The valet parking service implemented for downtown Nassau is aiming to become a permanent feature this Christmas as demand for its service grows.
Sebas e-commerce platform launches courier services
The e-commerce provider owned by Sebas Bastian and his partners has confirmed its expansion into freight forwarding services via a sales tax-free US address.
DEREK SMITH: How to combat threats to corporate reputation
One of the most significant threats to a company’s long-term viability is reputation risk. This is often referred to as the risk stemming from negative public perceptions. The consequences of a tarnished reputation can be severe and lasting, regardless of how well a company performs in other risk management areas.
Gov’t initiates drain cleaning for downtown flooding relief
The Government is targeting several sectors of downtown Nassau for “short-term fixes” that may provide “temporary relief” from flooding that has plagued the area for decades.
The price of life
ActivTrades
Who wants to live for ever? And how long will I live? If you want to know this, you should have your telomeres examined. These are the sequences at the end of the chromosomes. And the longer the telomeres are, the longer the lifespan. For this discovery, Elizabeth Blackburn, Carol W. Greider and Jack Szostak received the Nobel Prize in Medicine in 2009.
Wynn agrees to ‘quashing’ first penthouse approvals
The developer of a 14-storey Goodman’s Bay penthouse complex has restarted its bid for planning permission after agreeing that the initial approvals granted to the project should be “quashed”.
‘Lucrative prospects’: ArawakX refutes $2.4m insolvency woes
The Bahamas’ first-ever crowd-funding platform is asserting it has “lucrative prospects” rather than a $2.4m solvency deficiency as it bids to defeat the Securities Commission’s bid to wind-up its operations.
AG brands The Bahamas’ insolvency regime ‘a joke’
The Attorney General yesterday branded The Bahamas’ corporate insolvency regime as “a joke” and pledged to reform outdated laws and regulations that continue to undermine the financial services industry’s competitiveness.
Regulator: Financial crime gaps up to 60% of licensee weakness
The Securities Commission’s top executive yesterday revealed that anti-money laundering and counter-terror financing non-compliance accounts for between 40-60 percent of licensee deficiencies.
Corporate income tax for Bahamas ‘mammoth task’
A leading Bermuda accountant yesterday warned The Bahamas that implementing a corporate income tax regime is a “mammoth task” that should not be underestimated.
Family Island land solution growth key
Resolving land issues in the Family Islands is a key component of the National Development Plan, one of its key architects said.
Doctor’s PI expansion tied to Royal Caribbean
A Bahamian doctor yesterday revealed he aims to capitalise on Royal Caribbean's beach club by expanding to Paradise Island with his third footwear store when that project opens in 2025.
‘BISX home makes sense’ for Bahamas carbon credits
The Bahamas International Securities Exchange (BISX) is “definitely exploring” the listing and trading of the country’s blue carbon credits on its platform, its top executive asserting: “A home on BISX makes sense.”
