Fund Act improved due to EU demands
Reforms to the Investment Funds Act will ensure improved investor protection and attract more business to The Bahamas, the deputy prime minister said yesterday. K Peter Turnquest told Parliament that the changes, tabled in Parliament yesterday, were
Bahamian law firm in awards nominee first
A Bahamian law firm has been shortlisted for Offshore Firm of the Year at this year’s Chambers High Net Worth Awards 2019. Lennox Paton said its shortlisting as one of three finalists marks the first time a local law firm has been in contention for
Non-profit regulation will be 'light touch'
Changes to the Non-Profit Organisations Bill provide for a “light touch” regulatory framework, the deputy prime minister said yesterday, describing the reforms as a “reasonable compromise”.K Peter Turnquest, addressing Parliament on the revised legis
Aliv: 'Growth at all costs' has finished
Aliv’s top executive says its business model is shifting from “growth at all costs” as it targets a mobile market share “in the mid-40 percent” range by the 2020 half-way mark. Damian Blackburn, in a recent interview with Tribune Business, said the
$300m takes island from 'industrial site to paradise'
MEDITERRANEAN Shipping Company (MSC) executives yesterday said $300m has been invested to-date in transforming Ocean Cay from an “industrial site into paradise”, with close to 130 Bahamians to be employed.The Swiss-headquartered global shipping giant
Cable and BTC reject URCA's IXP argument
Cable Bahamas and the Bahamas Telecommunications Company (BTC) have unanimously cast doubt on URCA’s case for developing a local Internet Exchange Point (IXP). The Bahamas’ two largest communications companies, responding to the Utilities Regulation
Real estate sales show two-tiered market continues
Real estate sales data for the 2019 first half continues to show a two-tiered market, as the lower and middle class segment continues to struggle while the upper end surges. An analysis of Multiple Listing System (MLS) data by real estate firm, Enge
DPM: OECD tax review 'pointless, will be deferred'
The deputy prime minister yesterday said a planned OECD review of The Bahamas is “pointless” and “will be deferred” because this nation has yet to enter any income tax treaties. KP Turnquest told Tribune Business that the government was in the proce
Bahamian entrepreneurs take part in Atlanta event
The Small Business Development Centre (SBDC) has helped four Bahamian companies to participate in The Village Market Atlanta and sell their handmade products. The SBDC worked with The Bahamas’ Consulate General in Atlanta to facilitate a trip that w
Farmer's Market 'closer to home' for east Nassau
The Bahamas Agricultural and Industrial Corporation’s (BAIC) latest Pop-Up Farmer’s Market has been hailed by eastern New Providence customers delighted to see it “closer to home”. BIAC and the Potter’s Cay Dock Produce Exchange moved the event from
MSC cruise port targets 'close to zero' eco effect
Mediterranean Shipping Company (MSC) executives yesterday pledged that their Ocean Cay private cruise port will have as “close to zero” environmental impact as possible, as mandated by the project’s financing. Matthew McKinnon, senior advisor to the
Sky Bahamas in fight to survive: Flights grounded and airline could face total collapse
Sky Bahamas’ principal yesterday said the airline and its 63 employees are fighting for its survival following a two-week long grounding due to delays in a key permit’s renewal.
BISX 'very close' with gov't debt
The Bahamas International Securities Exchange (BISX) is “very close” to having the $3bn-plus government debt market listed and traded on its platform, its chief executive has confirmed. Keith Davies, pictured , speaking after the Central Bank took a
Union: BTC 'needs leader with a plan'
The Bahamas Telecommunications Company (BTC) lacks “a leader with a plan”, its line staff union chief is arguing, insisting that workers realise the carrier needs to “settle down” and compete. Dino Rolle, the Bahamas Communications and Public Office
BTC chief: I won't succumb to dissent
The Bahamas Telecommunications Company’s (BTC) top executive has pledged he will “not give up” in the face of union resistance as he is “convinced” the carrier is now “on the right path”.Garfield “Garry” Sinclair, BTC’s chief executive, told Tribune
