$20m housing financing ‘shouldn’t be secret deal’
The Opposition’s finance spokesman was yesterday less than impressed with the Government’s efforts at “transparency” over its flagship $20m housing initiative, asserting: “This should not be a secret deal.”
NIB fund hit for $190m by COVID
A $190m deficit blow-out triggered by COVID-19 resulted in the National Insurance Board’s reserves slumping to $1.54bn at year-end 2020, it can be revealed.
ART OF GRAPHIX – Nothing stays the same: Change now inevitable
In this Information Age, and its impact on the ever-evolving global economy, change is now the norm for business. But, despite its presence everywhere, change does not come easy. Companies sometimes fail to make critical reforms due to an ingrained resistance to change.
PM: Digital asset ambitions to rebuild financial services
The Prime Minister yesterday said The Bahamas’ ambitions to become a digital assets hub will help it recover financial services activity that has been lost to the “global assault” on international financial centres (IFCs).
Developer launches used car sales app
A software developer yesterday said it is launching the Bahvee app to make it easier for Bahamians to buy and sell used cars.
Banks and regulator seek to ‘mute’ cheque-end dissent
The Central Bank yesterday removed from its website a document seeking bids for a campaign “to mute” opposition to the elimination of cheques after the language used was questioned by Tribune Business.
Bahamas tariff model deemed ‘back to front’
The Bahamas’ tariff structure is the reverse of the conventional model applied by most countries to protect domestic producers from foreign competition, the draft National Trade Policy argues.
Ex-BPL union chief wants 74-month payout restored
A former Bahamas Power & Light (BPL) managerial union chief will today seek permission to appeal a verdict that slashed his “handsome windfall” of $621,000 in termination compensation by more than 75 percent.
BISX ‘on it’: Exploring carbon credit potential
The Bahamas International Securities Exchange (BISX) is exploring whether to add carbon trading to its business model, its chief executive pledging: “We’re on it.”
Cutting red tape to new investors
The Bahamas must slash the time required to approve investment projects from “more than 60 days” to seven or less if it is to remain economically competitive and transform a “bureaucratic, onerous and antiquated” process.
Retailer’s Independence sales on pace to ‘triple’
A Bahamian retailer yesterday said sales of Independence Day memorabilia are on track to triple year-over-year, with business so strong he has had to “turn some away”.
‘No impact’ to tourism from US COVID surge
The Bahamian tourism industry has seen “no impact” from the recent rise in COVID-19 cases in the US, a senior hotelier said yesterday.
‘No victory lap’ as VAT 10% up on pre-COVID
The Ministry of Finance’s top official yesterday said there is “no victory lap yet” despite the Government’s modest $46.2m April surplus due to the continued existence of a likely “substantial tax gap”.
Judge blasts attorneys over ‘lazy indulgence’
A Supreme Court judge has slammed the “lazy indulgence” of Bahamian attorneys in swearing affidavits containing “material” evidence without knowing the facts because it could “embarrass and prejudice” legal cases.
Exporters told: Prove no domestic financing
Bahamian exporters must first prove to the Central Bank that they have been rejected by all domestic financing sources before they will be given approval to seek out alternative funding from overseas.
