ZNS hit by $542,000 satellite breach claim
ZNS has been hit with a $542,000 damages claim for terminating a satellite leasing contract two years' early, Tribune Business can reveal.
Web shops split over tax ‘solution’
Not all web shop operators have signed up to the tax settlement with the government, a prominent QC revealed yesterday, suggesting legal challenges remain a possibility.
Taxpayers paid corporate giant $1.2m for nothing
Bahamian taxpayers paid $1.2m to a global sporting and entertainment giant and got nothing in return, the auditor general revealed yesterday.
‘We won’t destroy domestic aviation’
The Bahamas’ aviation director yesterday pledged to resist pressure to open up the domestic aviation market to foreign carriers - something he agreed could “destroy” local carriers.
Sports Authority’s plea: Help change our governance
The National Sports Authority (NSA) has pleaded with the Auditor General’s Office to “support” efforts to change its governance structure in the wake of damning audit findings.
Pelican Bay to host entrepreneurs again
Entrepreneurs and start-ups will be able to interact directly with consumers at the second annual Spring Sip & Shop Soiree to be hosted by the Pelican Bay resort on Saturday, April 13.
DPM hails ‘progress’ in tax crimes battle
The deputy prime minister yesterday hailed the “great progress” The Bahamas is making in playing its part to fight corruption, financial crimes and tax evasion.
DPM pledges ‘further strengthening’ of FIU
The deputy prime minister yesterday pledged that “further strengthening” of the Financial Intelligence Unit (FIU) is underway to improve its handling of suspicious transactions reports (STRs).
Central Bank relaunches finance literacy campaign
The Central Bank of The Bahamas yesterday said it has relaunched its national financial literacy campaign, Get Money Smart Bahamas, to coincide with Financial Literacy Month.
Bahamian realtor attends key forum
A Bahamian realtor was an invited guest at The Crans Montana Forum on Africa and South co-operation, which was held for the fifth time in Morocco under the patronage of its king.
Hotels pile up 48% rise in revenue
The hotel industry's "most robust performance for 12 years", highlighted by January's 48 percent year-over-year room revenue increase, was maintained for the entire 2019 first quarter.
DARE on crypto to ‘stay relevant’
The Bahamas has no choice but to embrace fintech and crypto assets if it wants “to remain relevant” in the global economy, a former attorney general warned yesterday.
US ‘jumping to conclusions’ on suspect deals reporting
The US was yesterday accused by a former finance minister of “jumping to conclusions” over its assertion that too few suspicious transaction reports (STRs) are filed by Bahamian banks.
Central Bank’s crypto deposit, credit bar gets mixed reviews
The Central Bank of The Bahamas has received push back to its proposal that banks must not accept crypto currency deposits, or make such loans, to customers.
Dairy Queen makes Pointe with sixth site
The Dairy Queen franchise has expanded its New Providence presence and created ten jobs with the launch of its sixth location at The Pointe in downtown Nassau.
