PLP’s ‘utter neglect’ caused EU’s listing
THE ATTORNEY general yesterday blamed the former Christie administration’s inaction for The Bahamas’ being branded a “high risk” financial crime jurisdiction by the European Union (EU).
Minister urges end to Morton tensions
A Cabinet minister yesterday said the government was “very concerned” that Morton Salt and its line staff union swiftly “reach a settlement” to end ongoing industrial tension in Inagua.
Ex-Bar chief calls for privy council switch
A former Bahamas Bar Association president has urged this nation to switch to the Caribbean Court of Justice (CCJ) as this nation’s final judicial forum of appeal.
‘Nipped in the Bud’: Brewery lays off 73
COMMONWEALTH Brewery yesterday said a tough economy and competitive pressures from cheaper rival beers had forced it to terminate 73 staff within its 700 Wines & Spirits retail unit.
Customs moves on registration concern
Customs is moving to ensure the one-time registration for its new automated system is as “efficient and seamless” as possible following multiple complaints of delayed import clearances.
Web shops hit banks’ ‘dangerous’ rejection
Web shops yesterday argued it was “dangerous and counterproductive” for the majority of Bahamian banks to reject research showing the sector is “clean” with the country under attack.
No ‘material’ impact in late EU tax changes
The deputy prime minister has voiced confidence that the Bahamian financial services industry will not be “materially affected” by the last-minute reforms to escape Europe’s “blacklist”.
Bahamas must benefit in WTO sector openings
The Bahamas will only open up industries to foreign competitors under the WTO if doing so generates “real economic opportunities” for this nation, its chief negotiator asserted yesterday.
Renewable providers call for energy trading
A newly-formed renewable energy association of yesterday branded The Bahamas’ energy sector model as “outdated” and called for far-reaching structural reform.
Tourism gets energy, marketing updates
Tourism stakeholders received updates on marketing initiatives and efforts to reduce energy costs at the Bahamas Hotel and Tourism Association’s (BHTA) recent quarterly meeting.
Destination manager gets top global award
Cacique International has won a 2018 Stella Award from Northstar Meetings Group, receiving a top destination management honour as “best” in international and US territories.
‘Step up to plate’ on Virgin voyages
A Cabinet minister yesterday reiterated calls for Bahamian entrepreneurs to “step up to the plate” and maximise cruise tourism’s economic impact as a “Virgin” prepares to enter the market.
Commonwealth Brewery Limited terminates 73 employees
Commonwealth Brewery Limited (CBL) announced today that 73 employees have been terminated in a restructuring exercise of its 700 Wines and Spirits retail division.
PM attacks EU action as ‘flawed’
The prime minister yesterday slammed the “flawed process” that resulted in the European Union (EU) branding The Bahamas as a “high risk” jurisdiction for financial crimes.
Banks unmoved over gaming ‘myth debunk’
The Gaming Board’s “myth debunking” has not convinced commercial banks to accept web shop monies, the Clearing Banks Association’s (CBA) chairman has revealed.
