‘Don’t waste billions’ on Andros as capital
A Freeport-based QC yesterday urged the government to “pull the trigger” on making his city The Bahamas’ future capital rather than waste “billions and billions” on moving it to Andros.
Domestic banks 'low risk' over financial abuses
The Central Bank yesterday pronounced that domestic banking presents a “low risk” for financial crime, with the main vulnerabilities stemming from three industries - gaming, real estate and money transmission.The regulator, unveiling findings based o
IDB: Clock ticking over EU list threat
The Inter-American Development Bank (IDB) yesterday urged the government to “prioritise” escaping the Financial Action Task Force’s (FATF) adverse listing before Europe revives its own initiative. A policy brief produced by IDB officials, which was
BFSB links to money maritime conference
The Bahamas Financial Services Board (BFSB) sought to reinforce the sector’s maritime links by sponsoring last week’s 32nd annual Marine Money Week Conference in New York. The summit bridges the gap between shipowners and the international capital m
Spending by 4m cruise visitors less than ideal
New Providence tour operators flocked to a Ministry of Tourism seminar designed to keep them on the cutting edge of developments in the fast-growing cruise industry. The Cruise and Maritime Tours seminar, held at the University of The Bahamas (UB),
Parties 'halt' action in Morton Salt row
A Cabinet minister yesterday urged both sides in the Morton Salt dispute had agreed to “refrain” from taking any action that undermines the company’s economic viability. Dion Foulkes, minister of labour, said resolution of the differences between In
Insurance Commission unveils birthday plans
The Insurance Commission yesterday unveiled plans to celebrate its 10th anniversary as an independent regulator - a landmark that will be achieved on July 2, 2019.Under the theme, Commemorating a decade of regulating and ensuring trust, the commissio
2,000 vehicles pass anti-dumping tests
Around 2,000 used Japanese vehicles have been pre-inspected and allowed into The Bahamas since the process designed to improve consumer safety was introduced in March. Dion Foulkes, minister of labour, and who has oversight of The Bahamas Bureau of
Power crisis for $42m Superplex halts show
The $42m Fusion Superplex complex yesterday said it has suffered a “significant blow” from constant power woes that have left it without a back-up generator to cope with BPL’s latest outages.
Govt is urged: 'Knock out low hanging fruit'
The government’s 14-day target for completing property registration would represent “a tremendous improvement”, an attorney yesterday urging: “It’s time to knock out the low hanging fruit.”Darron Pickstock, who heads the Chamber of Commerce’s trade a
'No more taxation pins and needles'
Chamber of Commerce executives have called for “substantive dialogue” with the government on the future of Bahamian taxation to avoid companies being left “sitting on pins and needles”.Jeffrey Beckles, the chamber’s chief executive, told Tribune Busi
Bahamians told: Don't view WTO as 'destination'
Bahamians must not view World Trade Organisation (WTO) membership as the “end destination” but rather “one tool” for achieving essential reforms, Chamber of Commerce executives are urging.Jeffrey Beckles, the Chamber’s chief executive, and Darron Pic
Building permit delay slash 'win-win for all'
Construction industry executives yesterday hailed the government’s ambition to slash by 75 percent the “exorbitant” time taken to obtain building permits as “a win-win for everybody”.Robert Myers, principal of the Caribbean Group and multiple constru
BPL power outages ‘totally unacceptable’
A Chamber of Commerce executive yesterday slammed the power outages affecting New Providence as “totally unacceptable”, blaming them on “bad planning” by Bahamas Power & Light (BPL).
BPL to launch bid process for Bimini
BAHAMAS Power & Light (BPL) yesterday said it plans to launch a bidding process within the next two weeks to seek permanent replacements for its fire-devastated Bimini generation units.
