Financial sector ‘has some responsibility’ for EU woes
A leading accountant yesterday said the financial services industry must “bear some responsibility” for The Bahamas’ constant struggles with international regulatory initiatives.
Moody’s: Govt to miss balanced budget goal
Moody’s yesterday warned the Government it will likely miss its target of generating a small Budget surplus by 2020-2021, predicting it will still be running a deficit equal to 1 percent of GDP.
‘Mickey Mouse governance’ is Wells LOI price
The Bahamas has been “left in a Mickey Mouse state of governance” by the continuing silence over the Renward Wells Letter of Intent (LOI) controversy, the DNA’s ex-leader blasted yesterday.
‘I cannot go further with people’s funds’ on Grand Lucayan
A Cabinet minister yesterday said the $5.5m payout demanded by Grand Lucayan managers was based on “faulty analysis”, and blasted: “I can go no further with the people’s money.”
RBC FINCO: We ‘underperformed’
Royal Bank of Canada’s (RBC) Bahamian mortgage arm has warned it will “continue to be challenged” with low growth and bad loans that, at $124.3m, exceed industry averages.
Crypto regulation must be ‘friendly’ to entrepreneurs
REGULATIONS governing crypto assets and related instruments must be “entrepreneur friendly”, a local industry advocate urged yesterday, saying: “We have a unique opportunity before us.”
Taxi drivers resolve issues at Baha Mar
THE Bahamas Taxicab Union’s (BTU) president yesterday said it had reached what he described as an amicable resolution over the working conditions for drivers operating at Baha Mar.
Union boss doubles down on BPL generation warning
A trade union leader yesterday reiterated that he will “accept nothing less” than Bahamas Power & Light (BPL) training his members to operate New Providence’s new generation plant.
Realtor expands ahead of its 10th anniversary
Bahamas Islands Realty has unveiled expansion plans just short of celebrating its tenth anniversary “success as a small firm with large talent”.
Water & Sewerage in out island outsource
The Water and Sewerage Corporation (WSC) has signed a contract with Sun Island Transfers (SunCash) to collect Family Island customer payments and move them to New Providence.
Renward’s relief in $700m lawsuit
Court brings end to waste project dispute
The Supreme Court has dismissed the $727.364m damages claim brought against Renward Wells and two government "agents" by the firm at the centre of the Letter of Intent (LOI) controversy.
'Next level' for financial sector after EU escape
The Bahamas must use its escape from the European Union's (EU) tax "blacklist" to take the financial services industry to the "next level of growth", the deputy prime minister urged yesterday.
Ex-minister backs corporate tax call
A former finance minister yesterday joined calls for The Bahamas to consider implementing a low-rate corporate tax as a way to shed its long-standing “tax haven” label.
DPM: We won’t allow any crypto asset ‘disasters’
THE DEPUTY Prime Minister yesterday said the government aims to prevent “disastrous situations” by imposing proper regulation for cryptocurrency assets and related instruments.
‘Breathing space for action’ by EU, says former AG
The Bahamas’ escape from the European Union’s (EU) tax “blacklist” has created “breathing space for action” to reposition the financial industry, an ex-attorney general argued yesterday.
