Rationale for non-profit bill ‘does not exist’
An outspoken QC yesterday argued that “the rationale for the Non-Profit Organisations Bill does not exist” because no such Bahamas-based group operates using foreign currency.
‘Potential remains’ for property tax fall-out
A prominent Abaco attorney has called for a property tax formula that is “fair and reasonable”, warning that “the potential is still there” for the latest hikes to scare off foreign investors.
Non-profit forced to ‘get creative’ on Aliv donation
A non-profit’s need to “get creative” so it could access a major donation from Aliv highlights why civil society wants the law to impose “accountability” for the sector’s timely registration.
$500m: ‘A bit overwhelming’
LONG Islanders yesterday called for greater “insight” into the proposed $500m Port St George project’s revival, describing its scale as “a bit overwhelming”.
Cruise bidder pledges partnership approach
One of the three Nassau cruise port bidders is pledging to drive more passengers off-ship and increase their per capita spending in an effort to boost downtown Nassau businesses.
Ex-BPL chair laments missed lng possibility
A former Bahamas Power and Light (BPL) chairman yesterday urged the utility to “sort out” its Clifton power plant woes “sooner rather than later”, arguing that the country’s energy costs would now likely match Florida’s had his liquefied natural gas (LNG) plan been embraced.
‘Crazy’ Abaco property tax bill fears resurface
Realtors are warning that “absolutely crazy” real property tax valuations and billings are again threatening to undermine Abaco’s vital second home/property market.
No more NIB letters for business licence
The Government has eliminated the need for companies to provide upfront proof of National Insurance Board (NIB) compliance before they can obtain business licence renewals.
‘First positive financial sector news in decade’
The attorney general will today unveil “the first positive news for financial services in a decade” by revealing that The Bahamas’ compliance with global anti-financial crime standards has been upgraded.
Govt says: We’ve accepted 80-90% of non-profit needs
The Government believes it has “accommodated 80-90 percent” of non-profit concerns over plans to regulate the sector, although it remains on a collision course with the church.
Christmas lights up for 15,000 BPL customers
AROUND 15,000 Bahamas Power & Light (BPL) customers will be able to benefit from the utility’s offer to help keep their lights on over Christmas, its chairman believes.
Hackers bragging about Central Bank take-down
Hackers are bragging that the Central Bank of The Bahamas’ website was an “easy target” for them to take down, although the regulator says the attack was “stabilised in less than 24 hours”.
Bahamas in multiple aviation agreements
The Bahamas last week signed multiple aviation agreements in a bid to stimulate increased airlift that will drive economic and tourism growth.
Royal Caribbean chief: Private isles don’t hurt Nassau
Royal Caribbean’s top executive has refuted arguments that the cruise industry’s reliance on its Bahamian private islands is hurting Nassau, adding that there are “opportunities’” to improve the latter’s product.
Doctors Hospital names new chief finance officer
Doctors Hospital has named former KPMG executive, Dennis Deveaux, as its chief financial officer.
