BISX-listed firm ‘resolves’ qualified audit fear woes
A BISX-listed firm last pledged it has "resolved" technology woes that forced it to seek more time to publish its 2022 financial statements and prevent a 'qualified' audit opinion for a second consecutive year.
$10m PI restaurant to create 120 local jobs
A $10m restaurant investment that is aiming to create 120 Bahamian jobs by spring 2024 yesterday broke ground at Paradise Island's redeveloped Hurricane Hole location.
Make property tax sale power ‘even-handed’
The FNM's chairman yesterday argued that Bahamians lack confidence that the Government will apply "even-handed enforcement" as it moves to unleash its 'power of sale' on long-standing real property tax duckers.
Late realtor's $4.8m Gov't win 'unraveled'
A prominent late realtor's $4.8m legal victory over the Government has been overturned as "a last resort" and sent back to the Supreme Court for a fresh trial more than two decades after he lost use of some 192 acres.
Property taxes sell-off targets 'extreme cases'
The Government is "targeting extreme cases" who have totally disregarded their tax obligations for up to 10-20 years with yesterday's warning that it will start to seize and sell-off their properties to recover all arrears owed.
IAN FERGUSON: Going the extra mile on same-day delivery
Over time, businesses have changed and redefined the meaning of success. Being successful during today's age of e-commerce requires convenience and immediacy for consumer. One of the lessons from COVID-19 was that companies must do everything in their power to ensure their goods and services are more accessible.
Skills Council to assess industry's labour needs
A Cabinet minister yesterday revealed a Skills Council will be formed to assess the labour needs of each industry as he unveiled plans to combine various training schemes into one National Apprenticeship scheme.
Bahamas strikes 'crossroad' as work permits earn $20m in Q1
A Cabinet minister yesterday said The Bahamas is at a "crossroad" in combating work permit violations as he revealed the Government is mulling legal reforms to hold companies liable for breaches by their sub-contractors.
North Andros residents suffering four-hour ATM travel frustration
Some North Andros residents are enduring frustrating four-round trips to visit the area's sole automatic teller machine (ATM) only to frequently find it is not working.
Illegal construction fight has been 'a rank failure'
The Bahamian Contractors Association's (BCA) president yesterday said builders are asking "why should we follow the law" following the country's "rank failure to manage the built environment".
Atlantis probe can’t be ‘a fishing expedition’
A trade union leader yesterday warned the Government that it must have "a legitimate basis" for its Atlantis labour probe and said: "It cannot be a fishing expedition."
FOCOL raise could have beaten $16m
FOCOL Holdings could have raised "far more" than the $16m received in Monday's preference share offering, its chairman said yesterday, as it moves into an accelerated "growth mode".
Bahamas trade deficit up $325m at five-year high
The Bahamas' trade deficit expanded by $314.6m or 10.7 percent during 2022 to hit a five-year high of $3.254bn, it was reveled yesterday, as inflation and higher global oil prices caused import costs to soar.
Claims Bahamas 'in cahoots' with SBF are 'shockingly inappropriate'
An FTX creditor/investor group yesterday leapt to The Bahamas defence by branding claims that the Government was "in cahoots" with Sam Bankman-Fried as "shockingly inappropriate".
Andros crippled by banking access woe
Andros businesses are being crippled by a lack of functioning automated teller machines (ATMs) and access to financial services, with one company withdrawing all available ATM cash in a single day to meet payroll.
