Bahamas urged: 'Keep pace' on financial reporting quality
The Bahamas was yesterday urged to “keep pace” with global financial reporting standards, a senior accountant arguing: “We have not been accustomed to reporting on our financial affairs”. Gowon Bowe, the Clearing Banks Association’s (CBA) chairman,
BAIC Farmer's Market in east Nassau return
The Bahamas Agricultural and Industrial Corporation (BAIC) yesterday said its Farmer’s Market will return to RM Bailey Park this Saturday with a variety of Bahamian grown fruits and vegetables on sale at reasonable prices. BAIC will again team up wi
IAN FERGUSON: Building the right workplace culture
No matter the industry or profession, in today’s fast-paced corporate environment we undoubtedly spend the majority of our waking week-day hours at work. A lot of us spend more time with our colleagues than with our own families, and during some week
QC: ‘Don’t do business in Bahamas right now’
A prominent QC yesterday said he “would not advise anybody to do business in The Bahamas right now” because of the “strangulation” caused by excessive red tape and client due diligence.
Sky chief asks regulators: Do you want us to close?
Sky Bahamas' principal last night challenged aviation regulators to clarify whether they want "to shut us down" as the airline "could be at the point of not coming back".
Petition targets PM on $580m Abaco project
Opponents of a $580m south Abaco resort project have launched an online petition that has amassed 767 signatures in just over one week against the development.The petition, started by Sustainable South Abaco and aimed at the Prime Minister, warns tha
BTC spots 'chinks in Cable's armour'
The Bahamas Telecommunications Company’s (BTC) top executive believes there are “chinks in the armour” at Cable Bahamas that it can exploit to win back market share. Garfield “Garry” Sinclair, pictured , BTC’s chief executive, told Tribune Business
National plan demanded for fishing sector
THE Bahamas Fly Fishing Industry Association’s (BFFIA) president yesterday called for a national development plan for the industry, voicing concerns that its regulatory regime needs to be strengthened.Prescott Smith told Tribune Business that having
DPM hails OECD finding that tax laws 'not harmful'
The deputy prime minister yesterday hailed the Organisation for Economic Co-operation and Development’s (OECD) finding that The Bahamas’ domestic tax laws are “not harmful”. KP Turnquest, in a statement, said the Paris-based body’s assessment reinfo
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
