Bahamas hits back over OECD ‘non-compliance’
The Bahamas hit back over its sole tax information exchange “non-compliant” rating by the Organisation for Economic Co-Operation and Development (OECD) through arguing the number of countries with complaints was “low”.
Nassau/PI resorts enjoy 112% room revenue rise
Leading Nassau/Paradise Island resorts have revealed that 2022’s room revenue more than doubled year-over-year as the industry benefited from the post-COVID travel rebound.
CG ATLANTIC Summer Internship Programme now taking applications
College students and recent graduates considering career possibilities within the insurance industry can now apply for summer internships with CG Atlantic. The in-person programme introduces successful applicants to various aspects of the insurance business and runs from June 26th to August 18th.
Mixed reaction to Royal Caribbean’s PI project
Bay Street merchants yesterday gave a mixed reaction to the Government’s approval of Royal Caribbean’s Paradise Island beach club with some fearing it will suck tourists away from downtown and others arguing it will improve the product.
‘Big mistake’ over Junkanoo Beach
The Downtown Nassau Partnership’s (DNP) co-chair yesterday said a “big mistake” has been made over the way Junkanoo Beach has been allowed to develop.
Family Islands brace for ‘inevitable’ property tax
The Family Islands are bracing for the “inevitability” of real property tax being levied on Bahamian owners, it was revealed yesterday, amid “frustration” that preparations for such a move are holding up real estate sales.
DEIDRE BASTIAN: Solving the marketing and advertising riddle
Do you know the difference between marketing and advertising? All advertising is marketing, but not all marketing is advertising. It sounds like a riddle, which is why the two terms are often used interchangeably. The truth is, both concepts are related but different.
UPDATED: Bahamians to gain 49% stake in Royal Caribbean PI project
The Government last night said it has approved Royal Caribbean’s $110m Paradise Island beach club project after negotiating greater Bahamian ownership and entrepreneurial participation in the development.
Bahamian liquidators fire FTX warning shot
FTX’s Bahamian liquidators yesterday warned their US counterparts that the failed crypto exchange’s $446m claim against another digital assets firm will not be resolved unless their interests are satisfied too.
Condo hotel tax now takes ‘effect’
The Bahamian resort industry was yesterday said to have “got 90 percent of our asks” over the new condo hotel tax which has now come into effect some eight months after it was first unveiled.
FINCO’s repossessed collateral jumps 30%
Royal Bank of Canada’s (RBC) BISX-listed mortgage arm narrowly beat prior year comparatives with $40m in profits for the year to end-October 2022 following recovery of more than $16m in credit loss provisions.
RF Bank & Trust's ninth annual conference to tackle evolving risks
RF Bank & Trust (RF) has announced it will host regional and international experts during a 1-day conference to help Bahamians forecast and future-proof their business. The annual RF Economic Outlook (RFEO), under the theme Evolving Risks: The Way Forward is scheduled for Tuesday, March 14th at Baha Mar.
Chief Justice exposes ‘fronting’ on Bay Street
The Chief Justice has ruled that “illegality was a major part” of a Bay Street retail ‘fronting’ deal involving one of Nassau’s most prominent Greek-Bahamian families.
‘A step back’ over fiscal watchdog independence
Governance reformers yesterday voiced fears that proposed legal reforms are “a step back” for the independence of a key fiscal watchdog and also weaken accountability “enforcement teeth”.
PM doubles down over $6.4m provider licence
The Prime Minister last night doubled down on accusations that a payments provider which has failed to remit $6.4m to the Government was not licensed to collect funds on its behalf.
