Taylor Industries insolvent by $1m
Taylor Industries is insolvent by $1m after racking up a combined $1.856m in losses during the four-and-a-half years prior to its January 8 closure, it has been revealed.
Central Bank eyes ‘less interference’ on property deals
THE Central Bank’s governor yesterday said he is aiming to reduce “exchange control interference” with the approvals process for real estate deals involving foreign investors.
Chamber chief: Politics retarding GDP growth
POLITICAL “polarisation” has contributed to the stagnation of Bahamian economic growth, the Chamber of Commerce’s chief executive yesterday saying: “Look where it’s gotten us.”
Governor calls for ‘more aggression’ over loan arrears
The Central Bank is pushing the banking sector to “speed up” resolving its remaining $742m loan arrears so that it can better fuel economic growth, its governor said yesterday.
URCA releases Internet Exchange oversight regime
Regulators yesterday moved to create the supervisory framework for Bahamas-based Internet Exchange Points (IXPs) in a bid to lower local access costs.
Governor: ‘Little joy’ in growth forecasts
The Central Bank’s governor yesterday said there was “not much joy” in The Bahamas’ medium-term growth projections, and called for more focus on “improving” the country’s GDP potential.
NAD and Lucayan deals drop reserves to $1.4bn
The Bahamas’ foreign currency reserves fell to $1.4bn at end-March 2019 due, in part, to the Grand Lucayan purchase and Nassau Airport Development Company (NAD) refinancing.
IAN FERGUSON: How to improve staff literacy and numeracy
When we speak of workplace literacy, we are referring to the mix of skills employees need to complete everyday tasks at work. Employees need these skills to communicate with customers, understand health and safety information, keep accurate records, follow production schedules and many other vital tasks and assignments.
BTC touts doubling of internet speeds
The Bahamas Telecommunications Company (BTC) says it has doubled Internet speeds for all customers on its newly-extended Fibre to the Home (FTTH) residential network infrastructure.
Mid-May launch for $100m tax offensive
The Ministry of Finance’s top official yesterday said its Revenue Enhancement Unit (REU) could reclaim up to $100m per annum from tax dodgers once it begins operations in mid-May.
Evasion loopholes hitting VAT target, fears ex-minister
A former finance minister yesterday urged the government to examine whether the VAT shortfall had resulted from the introduction of exemptions opening up fraud and tax evasion loopholes.
Bahamas First: No ‘abrupt change’ as profits drop 41%
Bahamas First’s top executive yesterday said there was “no reason to change” investment strategy after profits fell 41 percent in 2018 due to a negative $6.7m swing in portfolio values.
Govt missing ‘forest for trees’ on fiscal policy
The government is in danger of “missing the forest for the trees” through its obsession with fiscal numbers and targets, a former finance minister warned yesterday.
Communications sector below $400m revenues - a first in five years
Communications sector revenues dipped below $400m for the first time in five years during 2018, with both fixed-line voice and pay TV subscribers falling year-over-year.
Enforcement critical to new watersports laws
AN Exuma watersports operator yesterday urged the government to ensure tighter regulations on the sector are properly enforced with business “rebounding” after last year’s fatal tragedy.
