Non-profit sector ‘lucrative’ area for financial services
A well-known QC has backed the Government’s decision to spend more time in getting non-profit regulation right, describing the sector as a “lucrative practice” for the financial services industry.
Marathon expecting to match $2m room effect
MARATHON Bahamas organisers say they are confident that the 2019 event will generate “no less” than the $ 2m in hotel room revenue produced by this year’s event.
Taxi chief’s concerns on unlicensed drivers
THE Bahamas Taxi Cab Union’s (BTU) president says he is concerned over the number of unlicensed operators within the industry.
Govt ‘strained’ by first non-profit bill
The Government would have placed increased “financial strain” upon itself had it gone through with the initial Non-Profit Organisations Bill version, sector representatives warned.
MP ‘far short’ on proof to halt eviction
Fox Hill’s MP “fell far short” of the evidence needed to persuade the Court of Appeal to halt her eviction from the Centreville property that housed the Crab House and Seafood Emporium.
Govt urged: ‘Hear cry of domestic economy’
The Government has been urged to “swiftly address the cries of our domestic economy” and its inefficient processes otherwise the financial services industry’s adjustment will be undermined.
AG ‘unaware’ of alternative non-profit bill
The attorney general has revealed he was only made aware of alternative legislation to regulate Bahamian non-profits days before the current bill was due to be passed by Parliament.
Arawak Cay hits back at crime notice
ARAWAK Cay vendors yesterday hit back at a “double whammy” of crime warnings by accusing a major cruise line of “getting it all mixed up” and hurting their businesses.
Bank liquidity ‘cheaper but equal’ to global rule
The Central Bank believes its proposed bank liquidity standards “will be much simpler and cheaper” to implement than global rules but still have the same or “super-equivalent” effect.
Baha Mar eyes ‘maximum’ occupancies for New Year
Baha Mar yesterday said it was targeting “maximum New Year’s capacity” for its three new resort properties after they enjoyed “a much better Christmas” this year following their completion.
IAN FERGUSON: Business strategies to last a generation
Each New Year brings with it a time of reflection for individuals and businesses alike. As 2018 is on its way out, small and medium-sized businesses must take the opportunity to examine the past year, with all its peaks and valleys, and plan for the upcoming 2019 with those lessons in mind.
BISX lists ten more funds
The Bahamas International Securities Exchange (BISX) has listed a further ten investment funds, including some with sub-funds, after they fulfilled all its regulatory requirements.
Cruise line: Fish Fry ‘crime concern’ area
A major cruise line yesterday “blindsided” a Cabinet minister by warning its passengers that the Arawak Cay Fish Fry was a “particular area of concern” for crime.
Judge clears way for $2.8bn revival
The Supreme Court has cleared the way for the former Ginn project’s $2.8bn revival, and creation of up to 1,400 full-time Bahamian jobs, by declaring Old Bahama Bay’s lease “null and void”.
$42m damages warning to hotel condo owners
Old Bahama Bay’s condo owners could be exposed to a $42m-plus damages claim for alleged “tortuous interference” with the resort’s sale as part of the former Ginn project’s $2.8bn revival.
