Resolve Out Island needs before WTO
This is an assessment of how The Bahamas’ renewed efforts to become a full World Trade Organisation (WTO) could impact the Family Islands, especially tourism, construction and small and medium-sized enterprises (SMEs). While the WTO’s professed agen
'Skeleton in closet' fear over debt fall
A governance reformer yesterday expressed fears that “a skeleton in the closet” could yet derail the government’s achievement of the first quarterly national debt reduction for years. Robert Myers, the Organisation for Responsible Governance’s (ORG)
DPM: Something must be done over pensions
The Bahamas’ retirement funding crisis must be given “focus”, the deputy prime minister agreed yesterday, given the ever-increasing drain it threatens to impose on the nation’s resources.KP Turnquest, responding after the Central Bank’s latest privat
'Well beyond time': Realty VAT paid online this year
The Ministry of Finance’s top official yesterday pledged that VAT on real estate sales will be payable online during this fiscal year, adding: “It’s well beyond time to go digital.” Marlon Johnson, acting financial secretary, told Tribune Business t
Domestic banks in 10% cost increase
Domestic banks and trust companies endured a near-ten percent operating cost increase in 2018 amid continued expense and regulatory pressures on the wider financial services industry. The Central Bank’s survey of the sector’s 2018 contribution to Ba
Re-trial over Rum Cay restaurant demolition
The dispute over a Rum Cay restaurant’s demolition has been sent back to the Supreme Court for re-trial even though its majority owner may have “a bogus claim to ownership of the land”. The Court of Appeal, in a unanimous verdict delivered this week
Take aviation accident probe improvements to next level
The past 18 months has certainly been active for aircraft accidents within the sovereign waters of The Bahamas. The most recent tragedy occurred one week ago involving an AugustaWestland AW139 helicopter, which crashed while flying from Abaco to Flor
Architects: Millions lost by 'unscrupulous' practices
Architects have warned the government it is “losing millions of dollars” annually in VAT and other taxes through “unscrupulous” practices by consultants working on construction projects. The Institute of Bahamian Architects (IBA), in a February 2019
‘Tax on society’: 75% of workers have no pension
Bahamians face paying “another tax on society” to support the near-75 percent of workers not covered by an employer-sponsored pension plan, a leading investment banker has warned.
Citibank to head BPL refinancing of up to $550m
Citibank has been selected as the lead adviser for the $450m-$550m mega financial restructuring of Bahamas Power & Light (BPL), Tribune Business has been informed.
'Big jump' over VAT realty submissions
The government’s requirement that all documents for “stamping” on New Providence be submitted via e-mail from August 1 was yesterday described as “a big jump” by practitioners. Attorneys, speaking on condition of anonymity, questioned whether 20 day
National debt in $30m fall
The Bahamas’ national debt has seen its first quarterly decline for years as it fell by just over $30m during the three-months to end-March 2019 thanks to a small budget surplus. The Central Bank’s quarterly review for the period, published this wee
BISX moves closer to 100 fund listings
The Bahamas International Securities Exchange (BISX) has added seven new investment fund listings as it targets passing the 100-listing mark for the category this year.The newly-listed funds are: Pavillon Rouge Multi-Strategy Fund; Quercus Multi-Stra
Minister urges closer links for education and industry
A Cabinet minister has called for even closer collaboration between industry and educators to help develop a new generation of Bahamian entrepreneurs.Addressing teachers attending the 16th Education Industry Internship Programme, hosted by the Bahama
40 Cable staff gain leadership awards
More than 40 supervisors and high performers at Cable Bahamas have graduated from with college-level certificates in leadership from the National Cable Television Institute (NCTI). The BISX-listed communications provider’s ‘REV University’, its educ
